Belrise Industries Ltd

Belrise Industries Limited informed the BSE Limited and National Stock Exchange of India Limited that MUFG Intime India Private Limited, its Registrar and Transfer Agent, confirmed compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026.

Belrise Industries Limited informed the BSE Limited and National Stock Exchange of India Limited that its members approved an increase in the Authorized Share Capital to Rs 550,00,00,000 divided into 110,00,00,000 equity shares with a face value of Rs 5 each, at its Annual General Meeting on September 30, 2026, through an Ordinary Resolution via remote e-voting.

Belrise Industries Limited announced that its shareholders approved the appointment of M/s. Shailesh Haribhakti & Associates and M/s. Rathi Rathi and Co. as Joint Statutory Auditors for a term of five consecutive years, from the conclusion of the 30th Annual General Meeting to the conclusion of the 35th Annual General Meeting, to be held in the Financial Year 2031-32. The appointment follows the expiration of the term of the existing statutory auditor, M/s. GSA & Associates LLP, and is in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Belrise Industries Limited will close its trading window for designated persons, immediate relatives, and specified connected persons from October 1, 2026, until 48 hours after a board meeting to approve the unaudited financial results for the quarter and half year ending September 30, 2026, in accordance with Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Belrise Industries Limited informed the BSE Limited and National Stock Exchange of India Limited that its Board of Directors has recommended the appointment of M/s. Shailesh Haribhakti & Associates and M/s. Rathi Rathi and Co. as Joint Statutory Auditors of the Company for a first term of 5 years commencing from Financial Year 2026-27 to Financial Year 2030-31, subject to shareholder approval at the ensuing Annual General Meeting. The current statutory auditor, M/s. GSA & Associates LLP, will have its term expire at the upcoming Annual General Meeting.

Belrise Industries Limited disclosed deviations in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended June 30, 2026, according to a regulatory filing. The company, which raised Rs 21,500 million through its IPO from May 20, 2025, to May 23, 2025, reported that Rs 15,960.21 million of the proceeds were used for repayment of debt, slightly less than the originally estimated Rs 16,181.27 million, while general corporate purposes saw a revised allocation of Rs 4,690.46 million. The company's Audit Committee reviewed the deviations, and the statement is available on the company's website.

Belrise Industries Limited will hold a meeting of its board of directors on August 14, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and to consider an increase in the company’s authorized share capital, according to a regulatory filing. The board will also consider a recommendation of a final dividend for the financial year 2025-26 on equity shares issued under a Qualified Institutional Placement (QIP), subject to shareholder approval.

Belrise Industries Limited announced that its board of directors approved the acquisition of the India Tipper body business of Hyva (India) Pvt. Ltd., a subsidiary of JOST Werke SE, on a slump sale basis for a consideration of USD 5.65 million, approximately Rs 543.88 million, as part of a strategy to expand its presence in the commercial vehicle segment.

Belrise Industries Limited announced the acquisition of the Tipper Body Business of Hyva India Private Limited, a subsidiary of JOST Werke SE, for approximately USD 5.65 million, representing an enterprise value to earnings before interest, taxes, depreciation, and amortization (EBITDA) multiple of approximately 3.60x. The acquisition, which is based on a slump sale basis, will strengthen Belrise’s position as a Tier-0.5 supplier within the commercial vehicle ecosystem and expands its capabilities in sectors such as construction, mining, defense, and infrastructure, while Hyva will continue to own and operate its Tipping Kits and Hydraulic Systems business.

The company's authorisation and allotment committee approved the opening of the issue on 14 July 2026. The floor price of Rs 230.79 per share is at a discount of 0.65% to the scrip's previous closing price of Rs 232.30 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the bookrunning lead managers appointed for the issue. Belrise Industries is an automotive systems manufacturer with a diversified portfolio that includes safety-critical chassis components and advanced engineering solutions. The company operates 20 manufacturing facilities across India. The company's consolidated net profit jumped 18.37% to Rs 130.23 crore on 12.24% increase in revenue from operations to Rs 2,552.83 crore in Q4 FY26 over Q4 FY25.Powered by Capital Market - Live