United Van Der Horst Ltd, a manufacturer of marine engine parts and hydraulic/pneumatic cylinders, has announced its financial results for the quarter ended September 30, 2025. The company reported a net profit of Rs 199.63 lakhs and revenue from operations of Rs 964.58 lakhs for the quarter.

Financial Highlights

All financial figures in Rs lakhs, except for Earnings Per Share in Rs

Key Developments

Interim Dividend

The Board of Directors had previously declared a first interim dividend of Rs 1 per equity share for FY 2025-26, which was paid in September 2025.

Financial Results Approval

The Board has approved these unaudited financial results for the quarter and half-year ended September 30, 2025.

Business Operations

United Van Der Horst Ltd continues to operate in its core business areas of manufacturing marine engine parts and hydraulic/pneumatic cylinders.

Legal Matter

The company is currently involved in a legal proceeding regarding property tax dues. The Panvel Municipal Corporation has claimed dues amounting to Rs 875.84 lakhs. This matter remains pending in court proceedings.

Conclusion

United Van Der Horst Ltd has reported a net profit of Rs 199.63 lakhs and revenue from operations of Rs 964.58 lakhs for Q2 FY26. The company's decision to declare an interim dividend indicates a commitment to shareholder returns. However, investors should be aware of the ongoing legal matter concerning property tax dues, which may have potential financial implications for the company.

United Van Der Horst Limited (UVDHL), a company specializing in oil seals, hydraulic cylinders, V-belts, and transmissions, has announced a significant corporate action aimed at enhancing shareholder value and market accessibility.

Board Approval for Stock Split

The Board of Directors of United Van Der Horst Limited has approved a proposal to split the company's equity shares. The stock split, subject to shareholder approval, will subdivide each existing equity share with a face value of Rs. 5.00 into five equity shares with a face value of Re. 1.00 each, resulting in a 5:1 split ratio.

Current and Post-Split Share Structure

Currently, UVDHL has 1,37,87,400 fully paid-up equity shares and 2,600 partly paid-up shares. Post-split, the company's authorized share capital will remain unchanged at Rs. 7.00 crore, but it will be divided into 7 crore shares with a face value of Re. 1.00 each.

Rationale Behind the Split

The company stated that the primary objectives of this stock split are:

1. To enhance the liquidity of UVDHL's equity shares in the stock market
2. To make the shares more affordable, thereby encouraging participation from small investors

Procedural Steps and Timeline

The implementation of the stock split requires several key steps:

1. Shareholder Approval: The proposal will be presented to shareholders for their consent.
2. Memorandum of Association Amendment: The company will need to amend its Memorandum of Association to reflect the change in share structure.
3. Record Date: A record date for the split will be announced after obtaining shareholder approval.

Management's Perspective

Mr. Jagmeet Singh Sabharwal, the Managing Director and Chairman of United Van Der Horst Limited, expressed optimism about the stock split during the company's recent Annual General Meeting. He emphasized that this move aligns with UVDHL's commitment to enhancing shareholder value and broadening its investor base.

Market Implications

Stock splits are often viewed positively by the market as they can lead to increased trading volume and potentially attract a wider range of investors. However, it's important to note that a stock split does not inherently change the company's market capitalization or the total value of an investor's holdings.

Conclusion

As United Van Der Horst Limited moves forward with this stock split proposal, investors and market watchers will be keen to observe its impact on the company's stock liquidity and overall market performance. The final implementation of the split remains contingent on shareholder approval and regulatory processes.