Automobile Corporation of Goa Limited (ACGL) has announced a significant change in its corporate leadership. Mr. Shrikant Pai, the company's Compliance Officer, has tendered his resignation, citing personal reasons. The resignation will take effect from the close of business hours on August 4, 2025.

Resignation Details

According to the company's official statement, Mr. Pai's resignation has been accepted by ACGL. He will be relieved from all his duties and responsibilities as the Compliance Officer effective from the close of business hours on August 4, 2025.

Regulatory Compliance

ACGL has made the necessary regulatory disclosures as required under the Securities and Exchange Board of India (SEBI) regulations. The company has filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A 7(C) of Part A of Schedule III.

Company's Response

Mitesh Gadhiya, Company Secretary of Automobile Corporation of Goa Limited, signed the official communication to the BSE Limited. The company has assured that it has complied with all necessary disclosure requirements, including those specified in recent SEBI circulars dated November 11, 2024, and February 25, 2025.

About Automobile Corporation of Goa Limited

Automobile Corporation of Goa Limited, with its registered office in Honda Sattari, Goa, is a well-established company in the automobile sector. Listed on the BSE, ACGL continues to be a significant player in its industry.

The company has not yet announced a successor for the position of Compliance Officer. Stakeholders and investors will likely be watching closely for further updates on this transition in the company's leadership team.

Automobile Corporation of Goa Limited (ACGL) has announced its audited financial results for the quarter ended June 30, 2025, showcasing robust growth and improved operational performance.

Financial Highlights

Operational Performance

ACGL delivered 2,784 units during the quarter, compared to 2,462 units in the corresponding quarter of the previous year, marking a significant increase in production. The company's revenue growth was primarily driven by higher tonnage STU orders from Tata Motors Limited and an improved product mix.

Segment-wise Performance

The company operates through two main segments:

1. Pressing Division: Manufacturing of pressed parts, components, sub-assemblies, and assemblies for various automobiles.
2. Bus Body Building Division: Manufacturing of bus bodies and component parts for bus bodies.

For Q1 FY26, the segment-wise revenue contribution was as follows:

Key Customer Contribution

Tata Motors Limited continues to be a significant contributor to ACGL's revenue, accounting for Rs. 231.16 crore in Q1 FY26. This represents over 88% of the company's total revenue for the quarter, highlighting the strong business relationship between the two companies.

Dividend Information

The company has paid a final dividend of Rs. 20 per equity share for the financial year 2024-25, which was approved by shareholders and distributed on July 28, 2025.

Future Outlook

ACGL is focusing on enhancing its design capabilities through the digitization of its processes. The company has also embarked on sustainability initiatives aligned with the Tata Group, demonstrating its commitment to a greener future.

Market Performance

The financial results were approved by the Board of Directors at a meeting held on July 30, 2025. The meeting commenced at 1:30 p.m. and concluded at 3:40 p.m.

Automobile Corporation of Goa Limited continues to show strong performance in the automotive sector, with its focus on operational efficiency and strategic partnerships driving growth in a competitive market.

Note: All financial figures are based on the audited results for the quarter ended June 30, 2025.