Subros Limited’s Board of Directors convened on August 7, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The meeting also saw the approval of a significant Technical Assistance Agreement with DENSO Corporation, Japan, and Toyota Industries Corporation, Japan, for the localization of electric compressors. Additionally, a change in nominee directors was noted, with Mr. Akihiro Deguchi appointed as a new nominee director. The financial results indicate a profit of ₹4,138 lakhs for the standalone entity for the quarter.
Board Meeting Highlights
On August 7, 2026, the Board of Directors of Subros Limited held a meeting where they approved the unaudited financial results for the quarter ending June 30, 2026. This included both standalone and consolidated financial statements, along with the limited review report. The financial results for the standalone entity showed a profit of ₹4,138 lakhs for the quarter.
Key Strategic Developments
A significant outcome of the board meeting was the execution of a Technical Assistance Agreement. This agreement is between Subros Limited, DENSO Corporation, Japan, and Toyota Industries Corporation, Japan. The primary objective is the localization of electric compressors for electric and hybrid vehicles in India. This initiative is considered a key milestone in promoting local production within the electric mobility domain and is expected to positively contribute to the company’s future revenues.
Directorate Changes
The board also addressed changes in its directorate. Mr. Tomoaki Yoshimori resigned as a Nominee Director, effective August 7, 2026, due to a change in nomination by M/s DENSO Corporation, Japan. Concurrently, Mr. Akihiro Deguchi was appointed as the new Nominee Director, also effective August 7, 2026. Mr. Deguchi brings extensive experience in heat exchangers and has held various senior positions within DENSO Corporation and DENSO Kirloskar Industries Private Limited.
Financial Performance Snapshot (Standalone)
For the quarter ended June 30, 2026, Subros Limited reported total income of ₹1,03,830 lakhs. Total expenses amounted to ₹98,271 lakhs, resulting in a profit before tax of ₹5,559 lakhs. After accounting for tax expenses, the profit for the period stood at ₹4,138 lakhs. The total comprehensive income for the period was ₹4,169 lakhs.
Source: BSE
