Please find attached the outcome of the Board Meeting held today i.e. May 25, 2026.
BAJAJINDEF · price
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INDEF Manufacturing Limited (resulting company from demerged Hercules Hoists Limited) reported audited FY2026 results. Standalone revenue grew 10.7% to Rs 19,567 lakhs (vs Rs 17,672 lakhs), but profit after tax declined 23.9% to Rs 2,605 lakhs (vs Rs 3,424 lakhs). Consolidated revenue rose 16.3% to Rs 20,769 lakhs, but PAT fell 31.5% to Rs 2,339 lakhs. The Board maintained dividend at Rs 2 per share (200%) subject to shareholder approval. Two new directors were appointed: Shri Mahendrakumar Gohe (Independent) and Smt. Pooja Bajaj (Non-Independent, related party - daughter-in-law of Chairman Shekhar Bajaj). An exceptional charge of Rs 61.44 lakhs was recognized due to new labour code implementation (gratuity/leave encashment). Auditors issued unmodified opinions on both standalone and consolidated results. The Risk Management Committee was dissolved as it is no longer applicable under SEBI LODR.
PAT declined significantly (23-32%) despite revenue growth, indicating margin compression likely due to material costs and one-time exceptional charges. Related party appointment of Pooja Bajaj requires shareholder scrutiny. Positive cash flow of Rs 3,170 lakhs from operations supports financial stability.