Board approves lease renewal with wholly owned subsidiary for up to 5 years from 26.11.2026
Board approved renewal of the Lease Agreement with AMW Autocomponent Ltd, a wholly owned subsidiary, for upto 5 years from 26.11.2026 on the same terms as before.
By ScoutQuest · · 2 min read
- Greenfield plant outlay
- Rs. 1400 Crores, spread over an estimated time period of 60 months
- Interim dividend
- Rs. 1.50 per equity share; record date 30th October 2026
- Q2 standalone revenue and PAT
- Revenue from operations Rs. 1,92,992.15 lakh; Profit after tax Rs. 11,878.25 lakh
Lease renewal with the wholly owned subsidiary
- The Board approved the renewal of the Lease Agreement between the Company and AMW Autocomponent Limited (AACL), a wholly owned subsidiary of the Company.
- The premises are taken on leasehold basis from AACL. The renewal is for a period of upto 5 years commencing from 26.11.2026, extendable from time to time as may be required.
- The renewal is on the same terms and conditions as previously approved.
Other decisions taken at the same board meeting
- Interim dividend of Rs. 1.50 per equity share of the face value of Rs. 1/- for the financial year 2026-27, on the entire paid-up equity share capital of 157265105 equity shares. Record date is 30th October 2026 (Friday); payment on or before 21st November 2026.
- Greenfield manufacturing facility at Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, for manufacturing Alloy wheels, Steel Wheels for Passenger Vehicles & OTR, and a Hot Stamping Line, subject to grant of requisite approvals and clearances. The estimated total project outlay is expected to be Rs. 1400 Crores, spread over an estimated time period of 60 months.
- Sh. Pranav Jain approved as Senior Vice-President (Finance & Accounts) and as one of the senior management personnel of the Company, with effect from 23rd October 2026.
Quarter and half year results (unaudited, reviewed)
Standalone, quarter ended 30th September 2026
- Revenue from operations Rs. 1,92,992.15 lakh, against Rs. 1,20,056.93 lakh in the quarter ended 30th September 2025.
- Profit after tax Rs. 11,878.25 lakh, against Rs. 3,852.62 lakh a year earlier.
- Basic earnings per share Rs. 7.55.
Standalone, half year ended 30th September 2026
- Revenue from operations Rs. 3,43,973.98 lakh and profit after tax Rs. 19,029.46 lakh.
Consolidated, quarter ended 30th September 2026
- Revenue from operations Rs. 1,92,992.15 lakh and profit after tax Rs. 11,694.67 lakh, against Rs. 3,551.51 lakh in the quarter ended 30th September 2025.
- Basic earnings per share Rs. 7.44.
How the pieces sit together
The lease is between the listed company and its own wholly owned subsidiary, so the rental is a transaction inside the group; the update states the renewal carries the same terms and conditions as previously approved. Alongside it, the board cleared a dividend payout and a large greenfield capex plan whose outlay is expected to be Rs. 1400 Crores over 60 months, subject to approvals and clearances.
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More numbers
- Interim dividend per equity shareRs. 1.50
- Paid-up equity shares157265105
- Estimated total project outlayRs. 1400 Crores
- Estimated project time period60 months
- Lease renewal periodupto 5 years
- Standalone revenue from operations, quarter ended 30.09.20261,92,992.15 (Rs in Lakhs)
- Standalone profit after tax, quarter ended 30.09.202611,878.25 (Rs in Lakhs)
- Consolidated profit after tax, quarter ended 30.09.202611,694.67 (Rs in Lakhs)
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