Swaraj Engines Limited — Others, 19-06-2025: Shareholders meeting

Swaraj Engines Limited has announced a board meeting on 16th April, 2025, to consider the financial results for the quarter and half-year. The company proposes a dividend of Rs. 104.50 per share for FY 2024-25, subject to shareholder approval. Engine sales rose 21.7% to 1,68,820 units, with net operating revenue of Rs. 1681.89 Cr up 18.5%, and profit after tax at Rs. 165.98 Cr, reflecting over 20% growth. Capacity was enhanced to 1,95,000 engines annually, with plans to increase to 2,40,000. A new Whole Time Director & CEO, Mr. Devjit Sarkar, was appointed. Related party transactions with Mahindra & Mahindra Ltd. remained material but at arm’s length. The company sustained strong corporate governance and compliance practices, including the appointment of M/s A. Arora & Co. as Secretarial Auditors for five years. Internal controls and audit processes remained robust with no material weaknesses. CSR activities focused on education, health, women empowerment, and environment continued with an increased spend. The Board seeks approval to pay commission to Non-Executive Independent Directors, capped at Rs. 1.5 Cr per annum if profits are inadequate. Overall, business fundamentals strengthened amid a growing tractor industry.