Banco Products (India) Limited has confirmed a fire incident at the warehouse facility of its subsidiary, NRF France S.A.S., leading to a complete shutdown of local operations. The company made this announcement in compliance with SEBI regulations.

Safety and Operational Continuity

According to the official statement released by NRF Holding B.V., a wholly-owned subsidiary of Banco Products, everyone at the facility is safe, and the situation is being brought under control. To ensure business continuity, the company has announced that all current orders and pending shipments will be fulfilled through other NRF warehouses.

Impact Assessment

While the local operations at the affected warehouse have been significantly impacted, Banco Products has stated that preliminary assessments indicate no material impact on the overall Group performance. The company has taken prompt action to address the situation:

• Insurance Coverage: Banco Products has confirmed that it has insurance coverage for such incidents.
• Coordination with Insurers: The company has informed its insurance provider about the fire and is coordinating to ascertain the extent of loss or damage.

Management Statement

Preeti Yadav, Company Secretary of Banco Products (India) Limited, stated in the regulatory filing, "The preliminary assessments indicate that there will be no material impact on the Group performance from this incident."

Future Updates

Banco Products has committed to providing further updates promptly, in accordance with the applicable provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders of Banco Products (India) Limited are advised to monitor official communications from the company for any additional information regarding this incident and its potential impact on operations.

Banco Products (India) Limited , a key player in the automobile ancillary business, has announced robust financial results for the first quarter ended June 30, 2025, along with several important board decisions.

Financial Performance

The company reported a significant increase in profitability for Q1 FY2025-26. On a consolidated basis, Banco Products achieved a net profit of Rs. 68.67 crore, showcasing strong financial performance. The standalone net profit stood at Rs. 27.79 crore for the same period.

Total income from operations on a consolidated basis reached Rs. 983.85 crore, driven by gross sales of Rs. 963.14 crore. The company's standalone total income for the quarter was Rs. 410.28 crore, with gross sales of Rs. 304.18 crore.

Key Financial Highlights (Consolidated)

Board Decisions

The Board of Directors, in their meeting held on August 8, 2025, made several key decisions:

Auditor Appointments

• M/s. J. J. Gandhi & Co., Practicing Company Secretaries, has been appointed as the Secretarial Auditor for five consecutive years from FY2025-26 to FY2029-30.
• M/s. Y. S. Thakar & Co., Cost Accountants, has been appointed as the Cost Auditor for FY2025-26.

Both appointments are subject to shareholder approval at the upcoming Annual General Meeting (AGM).

64th Annual General Meeting

The board has scheduled the 64th AGM for September 19, 2025, at 11:00 AM IST. The meeting will be conducted through Video Conference (VC) or Other Audio Visual Means (OAVM).

E-voting Cut-off Date

September 12, 2025, has been set as the cut-off date to determine shareholders' eligibility for e-voting at the AGM.

Scrutinizer Appointment

Mr. J. J. Gandhi of M/s. J. J. Gandhi & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer for conducting the remote e-voting and e-voting process at the AGM.

Management Commentary

The company's management expressed satisfaction with the Q1 results, attributing the strong performance to robust demand in the automobile ancillary sector. They remain optimistic about maintaining this growth trajectory in the coming quarters.

Banco Products continues to focus on its core business of automobile ancillaries, leveraging its strong market position and operational efficiencies to drive growth and shareholder value.