Omax Autos Reports Quarter Results, Recommends Final Dividend; Reappoints Key Directors
Omax Autos Limited announced the outcomes of its Board meeting held on July 24, 2026, which included the review and approval of the unaudited financial statements for the quarter ended June 30, 2026. The Board also recommended a final dividend and confirmed key appointments related to governance and finance.The company disclosed that it has appointed M/s JSN & Co., Cost Accountants, as its Cost Auditors for the financial year 2026-27, following a re-appointment based on the recommendation of the Audit Committee. The Board also approved the re-appointment of Mr. Tavinder Singh as Whole Time Director and the appointment of Mr. Nipun Khurana as Independent Director.
Financial Performance Summary
The unaudited financial results for the quarter ending June 30, 2026, were reviewed by the Audit Committee and are available with a Limited Review Report. The statements, prepared in accordance with Indian Accounting Standard 34 (Ind AS 34), reflected the company's financial standing during the period.The key figures from the Statement of Unaudited Financial Results are detailed below:
| Particular | Q ended June 30, 2026 (Unaudited) | Q ended March 31, 2026 | Q ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 |
|---|---|---|---|---|
| INCOME | ||||
| Other Income Total | 12,199.02 | 797.94 | 17,440.93 | 9,963.635 |
| Income (1+2) | 12,996.96 | 762.66 | 1.07835 | 3,549.85 |
| Cost of Material | - | 18,203.59 | 11,042.00 | $1,999.64 |
| Consumed Change in inventories | 3576.73 | 14597.87 | 400.14 | 37,927.90 |
| Employee benefits expense | - | 149.28 | 39.03 | 81.64 |
| Finance Costs | - | - | - | 2,347.23 |
| Expenses | 428.78 | 415.00 | 426.55 | 1,71740 |
| Profit before exceptional items | 11,626.20 | 16,082.44 | 9,994.62 | 46,851,90 |
| Exceptional items - Gain/Loss | 1,370.76 | 2,128.15 | 1,047,38 | 5,147.74 |
| Profit before tax from ordinary activities | - | - | (202.00) | (202.00) |
| Total Tax Expense | - | 1.48 | * | (0.94) |
| Profit for the period / Year | 310.44 | 386.76 | 131.27 | 1,241.64 |
Dividend Recommendation and Governance Updates
The Board of Directors recommended a Final Dividend of Rs. 2.5/- (25%) per equity share, where the face value is Rs. 10 each. This dividend is subject to approval by shareholders at the forthcoming Annual General Meeting, with the declaration date providing a payment period of within 30 days.The Board also fixed August 21, 2026, as the record date for ascertaining shareholder eligibility for the final dividend.
Regarding corporate appointments, the company re-appointed Mr. Tavinder Singh as Whole Time Director and appointed Mr. Nipun Khurana as Independent Director. Mr. Singh has been associated with the company for over 30 years in various key positions since his initial appointment in October 2015. Mr. Khurana is described as a Fellow Member of the Institute of Chartered Accountants of India and has professional experience spanning over 34 years in finance, audit, and advisory services.
The re-appointment of M/s JSN & Co., Cost Accountants, was confirmed for the financial year 2026-27, subject to shareholder ratification at the Annual General Meeting.
OMAXAUTO Stock Price Movement
Today, shares of Omax Autos Limited edged higher to close at ₹226.42, gaining 2.97%. The stock saw trading activity within the range of ₹213.55 to ₹229.99, with a volume of 71,338 shares reported during the session.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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