ASK Automotive Ltd

ASK Automotive Ltd has announced that its Board of Directors will convene on November 3, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended September 30, 2026. Concurrently, the company has implemented a trading window closure for designated persons and their immediate relatives from October 1, 2026, to November 5, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

ASK Automotive Ltd has announced the appointment of Mr. Krishan Swaroop Malik as President - Operations - ALPS Division and SMP. This appointment, approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee, is effective from October 12, 2026. Mr. Malik brings approximately 35 years of experience in the automobile and allied industries, with a strong background in business development, operations management, and strategic planning. His expertise is expected to contribute to the company's growth and operational efficiency.

ASK Automotive Ltd announced that an inspection/search by the Rajasthan State GST officials at its manufacturing unit in Bhiwadi, Rajasthan, was conducted on October 6, 2026. The proceedings, initiated under Section 67 of the Rajasthan Goods and Services Tax Act, 2017, commenced at 02:00 p.m. and concluded at 06:05 p.m. on the same day. The company stated it provided full cooperation and necessary documents. Operations were not impacted, and there is no material financial or business impact reported. No specific violations were communicated by the department.

ASK Automotive Ltd announced the retirement of Mr. Harveer Singh, President of Advanced Breaking Systems and a member of the Senior Management Personnel. His retirement is effective from the close of business hours on September 30, 2026. This change was disclosed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing provides details regarding the reason for cessation and the effective date.

ASK Automotive Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the company's unaudited financial results for the quarter ending September 30, 2026. The specific date for the board meeting to approve these results will be communicated separately. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.

ASK Automotive Ltd has provided an unsecured inter-corporate loan of ₹100 Crore to its wholly-owned subsidiary, ASK Automobiles Private Limited. The loan, executed on September 21, 2026, carries an interest rate of Repo Rate + 2.50% per annum and is intended for the subsidiary's various projects and general corporate purposes, including asset purchases and working capital. This transaction is considered an arm's length transaction. The total outstanding loan to the subsidiary as of the disclosure date is ₹489.84 Crore.

ASK Automotive Ltd has been informed by SES ESG Research Private Limited that its ESG rating has been upgraded from 67.5 for FY2024-25 to 69.0 for FY2025-26. SES, a SEBI registered ESG rating provider, independently prepared this report based on publicly available data, as the company had not engaged SES for this rating. This upgrade reflects an improvement in the company's environmental, social, and governance performance.

ASK Automotive Ltd has announced that its joint venture company, ASK GTD Control Cables Private Limited, has commenced commercial production and supply. This commencement follows the incorporation of the JV company, previously intimated on September 16, 2025. The manufacturing facility is located in Karoli, Rajasthan. This development marks a significant operational milestone for the joint venture, enabling it to begin generating revenue and fulfilling orders.

ASK Automotive Ltd reported a strong first quarter for FY27 ended June 30, 2026, with consolidated revenue soaring 52.1% year-on-year to ₹1361 Crore. This marks the highest ever quarterly revenue, EBITDA, and PAT for the company. The significant revenue growth was driven by a 33.4% passthrough impact of increased alloy prices and a 25.3% overall net revenue growth. EBITDA grew 32.7% to ₹164 Crore, and PAT increased by 28.8% to ₹85 Crore. The company also highlighted successful implementation of technical collaboration with Kyushu Yanagawa Japan and the commencement of high-pressure die-casted alloy wheel supply. The management anticipates continued outperformance and margin improvement.

ASK Automotive Ltd announced the appointment of M/s Ernst & Young LLP as its Internal Auditors for the Financial Year 2026-27. This decision was approved by the Board of Directors at their meeting held on August 04, 2026. The board also approved the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, along with the Limited Review Report from the Statutory Auditors. Ernst & Young LLP, a prominent professional services firm, will undertake the internal audit responsibilities, with details provided as per SEBI regulations.