Rico Auto Industries Holds 43rd AGM, Recommends 55% Dividend
Rico Auto Industries held its 43rd AGM on September 8, 2026. The company reported FY26 consolidated revenue of ₹2,477.73 crore and PAT of ₹52.42 crore. A dividend of 55% (₹0.55 per share) was recommended. New orders worth ₹2,500 crore over five years were secured, with a focus on electrification and new facilities.
The AGM proceedings, dividend recommendation, and secured orders are important for shareholders and provide visibility into future growth, warranting a medium impact.
The company reported positive financial results, recommended a dividend, and secured significant new orders, indicating strong future prospects and positive performance.
Rico Auto Industries Limited held its 43rd Annual General Meeting (AGM) on September 8, 2026, commencing at 12:00 Noon through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting successfully transacted all business items as mentioned in the AGM notice.
The Chairman, Shri Arvind Kapur, welcomed shareholders and highlighted the company's performance and future outlook. For FY 2025-26, Rico Auto reported consolidated revenue of ₹2,477.73 crore and a profit after tax of ₹52.42 crore. Despite cost challenges from raw material price volatility, the company focused on operational efficiencies.
The Board recommended a dividend of 55%, equivalent to ₹0.55 per equity share of ₹1/- each, amounting to ₹7.44 crore. The company also saw its export turnover increase to ₹337.08 crore. Looking ahead, Rico Auto is strategically positioning itself for growth in Hybrid, Electric, and ICE platforms, securing new orders worth approximately ₹2,500 crore over a five-year program life. The new Hosur facility and expansion in system-level products, braking systems, and structural components are key growth drivers. The company is also diversifying into Non-Automotive sectors like Railways and CNC Machines.
Technology adoption, including automation and AI, and sustainability initiatives remain central to the company's strategy. The SAP S/4HANA implementation is a milestone in becoming a data-driven organization. The company continues its CSR activities through the RICO Care Foundation. The voting results of the AGM will be submitted within the stipulated time and disseminated to the stock exchanges and company website.
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Rico Auto Industries Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Rico Auto Industries Limited. Read the original for the full detail.