Divgi TorqTransfer Systems Reports Q2 Results and Announces AGM Details
Divgi TorqTransfer Systems Limited has approved its unaudited financial results for the quarter ended June 30, 2026. The company also announced details regarding its upcoming Annual General Meeting (AGM), the appointment of a Statutory Auditor, and the cut-off date for members seeking to receive the final dividend.The company held a Board meeting on August 11, 2026, where it sanctioned the financial statements. Management is responsible for preparing these statements in accordance with Ind AS 34 ("Interim Financial Reporting") prescribed under Section 133 of the Companies Act, 2013, and other generally accepted accounting principles.
Financial Performance Review
The unaudited financial results reflect various performance metrics for the quarter ended June 30, 2026 (figures are in million).| Particulars | Quarter Ended June 30, 2026 |
|---|---|
| Revenue from operations | 1,371.42 |
| Total Income | 1,417.64 |
| Total expenses | 1,080.13 |
| Profit before tax | 337.51 |
| Total tax expenses | 85.11 |
| Net profit for the period | 252.40 |
The results are available alongside a Limited Review Report by the Independent Auditors, B. K. Khare & Co.
Corporate Governance and Appointments
Key corporate announcements approved during the board meeting include:- Annual General Meeting: The 61st Annual General Meeting of Members is scheduled for Friday, September 18, 2026.
- Scrutinizer Appointment: Mrunmayee Sathaye (ACS No.: A51169) of Kanj. And Co. LLP has been appointed as the Scrutinizer for the e-voting process at the upcoming AGM.
- Dividend and Record Date: The Board set Thursday, September 10, 2026, as the cut-off date. This date is designated for members entitled to receive a final dividend of ₹ 3.27/- per equity share for FY 2025-26 and to vote on business transacted at the ensuing AGM.
- Statutory Auditor: M/s Kirtane & Pandit LLP, Chartered Accountants (Firm Registration No. 105215W/W100057), has been approved as the Statutory Auditors for a term of five consecutive years, starting from the conclusion of the 61st AGM till the conclusion of the 66th AGM.
Net IPO Proceeds Utilization
Details regarding the utilization of net Initial Public Offer (IPO) proceeds of INR 1,696 million are provided below:| Objects of the Issue | Amount as per Prospectus | Utilisation up to 30/06/2026 | Unutilised up to 30/06/2026 |
|---|---|---|---|
| Funding capital expenditure requirements for machinery and equipment | 1,507.07 | 915.27 | 591.80 |
| General corporate purposes | 189.55 | 189.54 | 0.01 |
| Total | 1,696.62 | 1,104.81 | 591.81 |
The unutilized net IPO proceeds as of June 30, 2026, were temporarily invested in deposits with scheduled commercial banks and in a monitoring agency account. The company operates in the "Auto Components and Parts" segment.
DIVGIITTS Stock Price Movement
Divgi Torqtransfer Systems Limited shares rallied in post-market trading today, closing at ₹1076.4 after gaining 2.25%. The stock achieved a notable milestone by hitting its 52-week high and settling with an intraday volume of 157,980 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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