Smiths & Founders Share Price Today

Smiths & Founders Q2FY27 Results: Net profit up 6.1% YoY to ₹24.63 lakh

Net profit rose 6.1% YoY to ₹24.63 lakh in Q2FY27. Revenue from operations increased 9.1% YoY to ₹390.12 lakh. Profit before tax declined 5.3% YoY due to higher material costs. Tax expenses reduced to ₹8.28 lakh from ₹11.56 lakh in Q2FY26. Operating cash flow for H1FY27 stood at ₹32.27 lakh.

Smiths & Founders reports flat revenue, slight profit dip in Q1FY27

Smiths & Founders (India) Ltd posted a net profit of ₹25.58 lakh for Q1FY27, a slight decline from ₹26.39 lakh in Q1FY26. Revenue from operations was stable at ₹322.22 lakh. Although profit before tax increased by 6.74% to ₹34.20 lakh driven by higher other income, net profit fell due to changes in tax accounting adjustments.

Smiths & Founders alters MOA for restructuring, retains CMD Suresh Shastry

At its 35th AGM on July 24, 2026, Smiths & Founders (India) Limited approved an MOA alteration to facilitate corporate restructuring like mergers and acquisitions. Shareholders also consented to Mr. Suresh Shastry continuing as CMD past age 70. Ordinary business included adopting FY26 financials and reappointing Mrs. Shailaja Suresh.

Smiths & Founders seeks CMD re-appointment and merger approval at AGM

Smiths & Founders (India) Limited has scheduled its 35th Annual General Meeting for July 24, 2026, through video conferencing. The agenda includes the re-appointment of Mr. Suresh Shastry as Chairman and Managing Director for five years post his 70th birthday and altering the Memorandum of Association to facilitate a merger with SKF Elixer India Private Limited. The company has issued the Notice and Annual Report for FY 2025-26 electronically, with physical letters dispatched to members without email addresses on July 02, 2026. No dividend was recommended for the year ended March 31, 2026, due to carried forward losses.

Smiths & Founders executes merger agreement with SKF Elixer India

Smiths & Founders (India) Ltd signed a merger agreement with SKF Elixer India Private Limited on June 17, 2026, to pursue growth and diversification in the engineering sector. The non-cash transaction, which is not a related party deal, will not alter the shareholding pattern of the listed entity. SKF Elixer India contributes a significantly higher turnover of ₹235.45 Crores compared to Smiths & Founders' ₹13.98 Crores.

Smiths & Founders approves merger with SKF Elixer India

Smiths & Founders (India) Limited’s Board approved exploring a merger with SKF Elixer India Private Limited, subject to due diligence and regulatory approvals. The company will appoint intermediaries including legal advisors and merchant bankers to facilitate the process.