Subros Limited’s Board of Directors convened on August 7, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The meeting also saw the approval of a crucial Technical Assistance Agreement with DENSO Corporation, Japan, and Toyota Industries Corporation, Japan, for the localization of electric compressors. Additionally, the board approved the appointment of Mr. Akihiro Deguchi as a Nominee Director and noted the resignation of Mr. Tomoaki Yoshimori.
Subros Limited Board Meeting Highlights
The Board of Directors of Subros Limited met on August 7, 2026, to discuss and approve key corporate actions. The meeting, which commenced at 2:30 PM IST and concluded at 4:40 PM IST, resulted in the approval of the unaudited financial results for the quarter ended June 30, 2026, along with their respective limited review reports.
Director Appointments and Resignations
The board noted the resignation of Mr. Tomoaki Yoshimori as Nominee Director, effective August 7, 2026, due to a change in nomination by M/s DENSO Corporation, Japan. Concurrently, the board approved the appointment of Mr. Akihiro Deguchi as a Nominee Director, also effective August 7, 2026, following a change in nomination by M/s DENSO Corporation, Japan. Mr. Deguchi brings extensive experience in Heat Exchangers and production management from his tenure with DENSO Corporation and its subsidiaries.
Strategic Technical Assistance Agreement
In a significant development for the company’s strategic initiatives in electric mobility, Subros Limited has executed a Technical Assistance Agreement with DENSO Corporation, Japan, and Toyota Industries Corporation, Japan. This agreement, building on a previous disclosure from January 30, 2026, focuses on the localization of Electric Compressors at its Karsanpura, Gujarat manufacturing facility. This collaboration is positioned as a key milestone in promoting local products within the electric mobility domain and is expected to positively contribute to the company’s future revenues.
Financial Performance Overview
The unaudited standalone financial results for the quarter ended June 30, 2026, show a Profit for the period of ₹4,138 Lakhs. Total income for the quarter stood at ₹1,03,830 Lakhs, with total expenses recorded at ₹98,271 Lakhs. The consolidated results also reflect similar performance trends, with a total comprehensive income of ₹4,152 Lakhs for the same period.
Source: BSE
