India Nippon Electricals Limited has informed the Exchange regarding Annual General Meeting of the Company to be held on Thursday, 30th July 2026 at 10:00 am IST through Video conference and/or Other audio visual means.
INDNIPPON · price
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India Nippon Electricals Limited reported strong FY2026 results with standalone revenue growing 26.5% to Rs. 1,068.48 crore from Rs. 844.83 crore. Profit after tax rose 35.6% to Rs. 111.26 crore from Rs. 82.03 crore. The company received Rs. 1,521 lakh as exceptional income from Haryana Shahari Vikas Pradhikaran for compulsory acquisition of land in 2010 (including Rs. 1,076 lakh interest). Its Indonesian subsidiary PT Automotive Systems Indonesia was wound up during the year, generating a gain of Rs. 20 lakh. The Board approved convening the 41st AGM on July 30, 2026 via video conference, re-appointed Mr. K Suryanarayanan as Cost Auditor, appointed PKF Sridhar & Santhanam LLP as Internal Auditors, and recommended re-appointment of two Independent Directors for second terms. Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion on the financial results.
The company delivered robust revenue and profit growth exceeding 20% and 25% respectively, indicating strong operational performance. The clean audit opinion and exceptional income from land compensation are positive signals for shareholders. The AGM and director re-appointments are routine governance matters.