With reference to the caption subject, Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, We enclose herewith Annual Report of the Company ....
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Solitaire Machine Tools Limited (BSE Scrip Code: 522152) has submitted its 34th Annual Report for FY2025-26 to BSE under SEBI LODR Regulation 34. The company reported a 15% decline in sales to Rs. 19.07 crore (from Rs. 22.50 crore in FY25), with net profit falling sharply to Rs. 1.35 crore (from Rs. 2.35 crore), attributed mainly to US trade tariffs impacting domestic auto component customers. Despite the decline, the board has recommended a dividend of Rs. 1.50 per share (15%) and the company paid back Rs. 141.81 lakhs in term loans. The new Halol plant has been completed and capitalized in January 2026, and the company has secured its first Cincinnati Grinder remanufacturing order from an overseas customer while entering the medical implements segment.
Short-term: Negative sentiment likely due to the steep drop in sales and profit. However, the continued dividend, debt reduction, completion of the new Halol plant, and a healthy order book of about 5 months suggest a recovery is underway in FY2026-27.