Please find enclosed the outcome of the Meeting of the Board of Directors held on 09 May 2026
WINDMACHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Windsor Machines Limited reported audited standalone FY26 results with revenue of Rs 5,665.19 crore (Rs 56,651.86 Lakhs) but posted a net loss of Rs 443.35 Lakhs due to exceptional items including Rs 1,161.61 Lakhs plant relocation costs. Q4 standalone profit was Rs 215.12 Lakhs on revenue of Rs 1,806.68 Lakhs. The Board approved appointment of Mr. Dharmendra Becharbhai Varasada as Executive Director while accepting resignation of Non-Executive Director Mr. Vinit Dharamshibhai Bediya. The company proposes sale of vacant industrial plots in Thane (21,912 sq. meters) to raise funds. Key corporate actions include completed merger of Global CNC Pvt Ltd (effective April 1, 2025), acquisition of Unitech Workholding Systems Pvt Ltd (Feb 2026 for Rs 4,200 Lakhs with Rs 3,715.37 Lakhs goodwill), and completion of plant relocation to Rajkot. Auditors issued unmodified opinion.
The net loss despite high revenue is concerning, but exceptional items from plant relocation and Italian subsidiary liquidation are one-time events. The asset sale proposal could unlock value from idle assets (Rs 2,585.34 crore held for sale). The Unitech acquisition adds scale. Investors should monitor Q1 FY27 results to assess if core operations turn profitable post-restructuring.