Limited Review Auditor’s Report in respect of the Unaudited Standalone and Consolidated
As filed · Outcome of Board Meeting
What happened
FactLimited Review Auditor’s Report in respect of the Unaudited Standalone and Consolidated. Approval of Scheme of Amalgamation. Considered and approved scheme of Amalgamation amongst Badve Autocomps Private Limited.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Margins
RevisedOur EBITDA stood at INR2,805 million with margins at 12.4%.
Our EBITDA stood at INR2,805 million with margins at 12.4%.
Change
FactImplication
CapitSignal interpretationDemand
RevisedIn our four-wheeler and commercial vehicle segments, supported by the addition of H-One, content per vehicle grew by around 40% to 45%.
The four-wheeler and commercial vehicle business were the fastest growing segments of our portfolio in FY26 and this momentum has continued into Q1 FY27, with revenues growing 18% year-on-year driven by new business wins across an expanding customer base.
Change
FactImplication
CapitSignal interpretationGuidance
WithdrawnOur second commitment was to double our four-wheeler and commercial vehicle business over a period of two years.
We remain confident in our FY27 roadmap, with mid-teens revenue growth, broadly stable EBITDA margins and disciplined capex.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- Belrise also won a major follow-on order for complete exhaust systems and other components, expected to genera (management committed by Q4 FY27)
- Secondly, Belrise also won a major follow-on order for complete exhaust systems and other components, expected (management committed by Q4 FY27)
Evidence
- Belrise Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.(opens the original filing in a new tab)
- Earlier statement · Q1 FY26
- Latest statement · Q1 FY26
- Earlier statement · Q4 FY26
- Latest statement · Q1 FY27
- Earlier statement · Q4 FY26
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +2 corroborating keywords; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%