Q1 FY27 results, Friction business sale to Rane Madras for Rs 370 Cr
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved Q1 FY27 results on 23 July 2026. Continuing ops revenue rose 37 percent year on year to Rs 20.05 crore from Rs 14.62 crore. PAT from continuing ops grew about 25 percent to Rs 1.93 crore. Key event: Board approved sale of the Friction Business Undertaking to Rane Madras for Rs 370 crore as a slump sale, now classified as discontinued operations. Auditor Lodha and Co added an emphasis of matter on the transfer. New secretarial auditor M/s R M Mimani and Associates recommended for 5 years. FY26 dividend to be paid between 1 and 15 October 2026.
Rs 370 crore Friction business sale is a major corporate event; auditor flagged it with emphasis of matter. Continuing ops revenue and PAT grew strongly.