21st Annual Report of the Company for FY 2025-26

Standalone FY26 results: - Revenue 42.18bn INR (-12.7% y-y); PAT 1.71bn INR (-36.5% y-y) - Consolidated FY26 revenue 47.84bn INR (-6.6% y-y); PAT 6.41m INR (-99.8% y-y) - Board recommended dividend Rs 1.30/share (13%) for FY26 - Significant capex on property, plant & equipment and capital work-in-progress - Key operational achievements: successful trials of defence systems including 100 km range system and SURYASTRA rocket launcher - Management focus on indigenous defence tech, capacity expansion, and Atmanirbhar Bharat initiatives - CEO & CFO changes during FY26; new CEO appointed August 2026 - Robust governance and compliance with SEBI regulations - Net debt increased to 7.48bn INR standalone, 8.26bn INR consolidated - Segment revenue: Defence 43.4bn INR, Aeronautics 4.17bn INR in consolidated FY26 - EPS diluted: standalone 10.37 INR, consolidated 3.41 INR