Enkei wheels (India) Limited has submitted its Annual Secretarial Compliance Report for the financial year ended 31st December, 2025, fulfilling its regulatory obligations under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report was submitted to BSE Limited on 27th February, 2026, by Company Secretary Sourav Chowdhury.

Secretarial Auditor Appointment

The company appointed M/s. Snehal Phirange & Associates, Company Secretaries, Pune, as the secretarial auditor for the financial year from 1st January, 2025 to 31st December, 2025. The audit was conducted by Snehal Amol Phirange, a practicing Company Secretary with membership number F8103 and COP number 8064.

Compliance Assessment Overview

The secretarial audit examined the company's compliance with various SEBI regulations and guidelines, including:

• Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015

Key Compliance Status

The audit report shows the company's compliance status across multiple parameters:

Regulatory Non-Compliance and Penalty

The report disclosed a significant non-compliance issue regarding related party transactions. The company received a notice from Bombay Stock Exchange on 1st October, 2025, for non-compliance under Regulation 23(9). The violation pertained to the failure to disclose related party transactions for the half-year ended 30th June, 2025, in the specified format and within the prescribed timeline.

Auditor Assessment

The secretarial auditor confirmed that no additional non-compliances were observed for any SEBI regulation, circular, or guidance note, except for the aforementioned related party transaction disclosure issue. The audit also confirmed that no actions were taken against the company, its promoters, directors, or subsidiaries by SEBI or stock exchanges, apart from the BSE penalty.

The report further confirmed that there were no changes in the company's statutory auditor during the review period, and all compliance requirements related to auditor resignation procedures were marked as not applicable.

Enkei Wheels (India) Limited has announced its audited financial results for the year ended December 31, 2025, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The automotive wheels manufacturer delivered exceptional performance with significant improvements across all key financial metrics, demonstrating strong operational recovery and market positioning.

Outstanding Annual Financial Performance

The company achieved remarkable growth in both revenue and profitability during FY25. The audited results showcase the effectiveness of operational strategies and improved market demand in the automotive wheels segment.

Exceptional Third Quarter Performance

The third quarter results demonstrated remarkable operational turnaround with the company achieving strong profitability and margin expansion. The quarter showcased significant improvement in operational efficiency and market demand recovery.

Fourth Quarter Performance Highlights

The fourth quarter performance demonstrated continued improvement compared to the corresponding period last year. The company successfully maintained profitability momentum established in the third quarter.

Impact of New Labour Codes

The company recorded exceptional items of ₹45.84 million during FY25, primarily related to compliance with new Labour Codes. This impact arose from the Government of India's notification of four Labour Codes on November 21, 2025, consolidating 29 existing labour laws. The incremental employee benefits cost primarily resulted from changes in wage definitions under the new regulations.

Strong Balance Sheet Position

The company maintained robust financial health with total assets increasing to ₹6,050.26 million as of December 31, 2025, compared to ₹5,637.48 million in the previous year. Shareholders' equity strengthened to ₹2,396.63 million from ₹2,354.34 million, reflecting improved retained earnings and financial stability.

Board Approvals and Corporate Actions

The Board of Directors approved several key organizational decisions during their meeting held on February 27, 2026. The audited financial results were reviewed by the Audit Committee and subsequently approved by the Board.

The statutory auditors Kirtane & Pandit LLP issued an unmodified audit opinion on the financial statements, confirming the accuracy and compliance of the reported results with applicable accounting standards and regulatory requirements.