Mazda Ltd , a prominent player in the Indian manufacturing sector, has announced several key developments following its recent Board of Directors meeting. The company has taken significant steps in financial reporting, corporate governance, and audit processes.

Q1 Financial Results Approved

The Board of Directors of Mazda Ltd has approved the unaudited financial results for the first quarter. These results were reviewed by the company's statutory auditors, Mayank Shah & Associates, who provided a Limited Review Report. The approval of these results demonstrates the company's commitment to timely financial reporting and transparency.

Mazda Ltd delivered robust quarterly results with the following highlights:

Annual General Meeting Scheduled

Mazda Ltd has scheduled its 35th Annual General Meeting (AGM) for September 18, at 12:00 P.M. In line with the ongoing trend of digital transformation in corporate governance, the AGM will be conducted through video conferencing or other audio-visual means. This approach ensures wider participation and adheres to modern corporate practices.

New Auditor Appointments

The Board has made two significant appointments in its audit framework:

Secretarial Auditor

M/s. Rutul Shukla & Associates has been appointed as the Secretarial Auditor for a term of five consecutive years, from the financial year 2025-26 to 2029-30. This appointment is subject to shareholder approval at the upcoming AGM. The firm, established in April 2007, brings over 18 years of experience in practicing company secretarial matters. Led by Mr. Rutul Shukla, a Fellow Member of the Institute of Company Secretaries of India, the firm specializes in corporate laws, securities laws, and various aspects of corporate governance.

Internal Auditor

M/s. D A K & Associates has been appointed as the Internal Auditors for the financial year 2025-26. This chartered accountancy firm, led by CA Alpesh Darji, specializes in risk-based internal audits and brings over four years of post-qualification experience in audit and assurance.

These appointments reflect Mazda Ltd's focus on maintaining robust internal controls and ensuring compliance with regulatory requirements.

Board Meeting Details

The Board meeting where these decisions were made was held on August 5, lasting from 7:00 P.M. to 8:25 P.M. The company promptly disclosed these outcomes to the stock exchanges, in compliance with SEBI regulations.

Mazda Ltd's proactive approach in financial reporting, corporate governance, and strengthening its audit framework underscores its commitment to transparency and shareholder trust. As the company moves forward with these new appointments and prepares for its upcoming AGM, stakeholders will be keenly watching for further developments and the detailed Q1 financial performance.

Mazda Limited has released its fourth-quarter financial results, revealing a downturn in key financial metrics alongside a dividend recommendation. The company's performance shows a notable decrease in profitability and revenue compared to the same period last year.

Financial Highlights

• Revenue: ₹535.00 million in Q4, down from ₹575.50 million year-over-year
• EBITDA: Decreased to ₹79.00 million from ₹121.00 million year-over-year
• EBITDA Margin: Fell to 14.77% from 21.02%
• Net Profit: Declined to ₹56.00 million from ₹93.70 million year-over-year

Quarterly Performance

Mazda Limited 's fourth-quarter results indicate a challenging period for the company. The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant decrease of approximately 34.71% compared to the same quarter in the previous year. This decline in EBITDA was accompanied by a contraction in the EBITDA margin, which fell by 6.25 percentage points.

The company's bottom line also felt the impact, with net profit dropping by about 40.23% year-over-year. Sequentially, the net profit decreased from ₹74.00 million in the previous quarter to ₹56.00 million in Q4, representing a quarter-on-quarter decline of 24.32%.

Revenue for the fourth quarter stood at ₹535.00 million, marking a 7.04% decrease from the ₹575.50 million reported in the same period last year. This reduction in top-line performance likely contributed to the overall decline in profitability metrics.

Dividend Announcement

Despite the challenging quarter, Mazda Limited 's board has recommended a dividend of ₹3.60 per equity share. This decision signals the company's commitment to delivering shareholder value, even in the face of reduced financial performance.

Financial Data Overview

The financial results reflect a challenging environment for Mazda Limited , with declines across key performance indicators. The company will likely need to focus on strategic initiatives to improve its financial health and operational efficiency in the coming quarters.