Remsons Industries Limited has received an order under Section 250 of the Income Tax Act, 1961 for Assessment Year 2021-2022 from the Commissioner of Income Tax Appeals, NFAC, Delhi. The company disclosed this development to the stock exchanges on 26th February, 2026, in compliance with Regulation 30 of SEBI Listing Regulations.

Income Tax Appeal Outcome

The National Faceless Appeal Centre (NFAC) dismissed the appeal filed by Remsons Industries against the Assessment Order for Assessment Year 2021-22. The order, dated 18th February, 2026, upheld the disallowance of certain expenses worth Rs 4.91 crore made by the Assessing Officer.

Company's Response and Impact Assessment

Remsons Industries has stated that there is no material impact on the company's financials, operations, or other activities due to this order. The company emphasized that the order is appealable and management is currently evaluating the merits of the matter.

The company plans to exercise its right to file an appeal before the Hon'ble Income Tax Appellate Tribunal, Mumbai within the prescribed timelines. This indicates the company's intention to continue challenging the expense disallowance through available legal remedies.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the listing regulations, ensuring transparency with stakeholders regarding this regulatory development.

The communication was signed by Rohit Hasmukhbhai Darji, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited on the same day the disclosure was made.

Remsons Industries Limited delivered impressive Q3FY26 results, reporting consolidated revenue of ₹123 crores, marking a significant 20% year-on-year increase. The automotive component manufacturer demonstrated strong operational efficiency with EBITDA growing 18% to ₹147 million and net profit surging 34% to ₹51 million.

Financial Performance Highlights

The company's quarterly performance showcased robust growth across key metrics. EBITDA margins remained stable at 12%, consistent with the previous year, while earnings per share improved substantially to ₹1.47 from ₹1.14 in Q3FY25.

For the nine-month period, the company reported consolidated revenue of ₹338 crores, representing 25% growth, with EBITDA reaching ₹386 million, showing substantial 46% growth compared to the corresponding period last year.

Strategic Business Developments and Order Wins

During the quarter, Remsons secured significant business wins that strengthen its long-term revenue visibility. The company received a ₹60 crore order from a leading Indian commercial vehicle OEM for gear shifters and push-pull cables, scheduled to commence in Q1 FY27 over a five-year period.

The company expanded manufacturing capabilities with a 30,000 sq. ft. facility in Chakan, Pune, for locomotive applications and identified additional 20,000 sq. ft. property in the National Capital Region to support its ₹900 crore revenue target by 2030.

Management Guidance and Strategic Vision

During the earnings conference call held on February 13, 2026, Whole Time Director Rahul Kejriwal outlined the company's transformation into "Remsons 2.0," positioning it as a technology-oriented mobility solutions provider. Management highlighted strong order book visibility with ₹500 crores of confirmed orders and ₹800-900 crores in the pipeline.

The company expects ₹15-20 crores revenue from the Stellantis order in the current financial year, with an annual run rate of ₹40-50 crores from FY27. Management provided revenue guidance of ₹520-570 crores for FY27, targeting EBITDA margins of 13-14% over the next 2-3 years.

Earnings Call Transcript Availability

Remsons Industries has made the complete Q3 FY2026 earnings call transcript available on stock exchange websites and its corporate website at www.remons.com under the Investor Relations section. The transcript, conducted under Regulation 30 compliance, provides detailed insights into the company's performance and strategic direction, ensuring transparency for stakeholders and investors.

Credit Rating and Financial Position

ICRA upgraded the company's credit rating outlook during the period, improving the long-term rating from BBB to BBB+ and short-term rating from A3+ to A2. The company maintains a disciplined balance sheet with net debt-to-equity at 0.63x, supporting its expansion plans while maintaining financial stability.