5171682026-01-012026-03-315171682026-03-315171682025-03-315171682025-04-012026-03-315171682026-01-012026-03-31in-capmkt:OtherExpenses1Member5171682025-04-012026-03-31in-capmkt:OtherExpenses1Member5171682026-03-31OtherNoncurrentFinancialAssetsDomain15171682026-03-31OtherNoncurrentAssetsDomain15171682026-03-31OtherNoncurrentAssetsDomain25171682026-03-31OtherNoncurrentAssetsDomain35171682026-03-31OtherCurrentFinancialAssetsDomain15171682026-03-31OtherCurrentAssetsDomain15171682026-03-31OtherNoncurrentFinancialLiabilitiesDomain15171682026-03-31OtherNoncurrentLiabilitiesDomain15171682026-03-31OtherCurrentFinancialLiabilitiesDomain15171682026-03-31OtherCurrentFinancialLiabilitiesDomain25171682026-03-31OtherCurrentFinancialLiabilitiesDomain35171682026-03-31OtherCurrentLiabilitiesDomain15171682026-03-31OtherCurrentLiabilitiesDomain25171682026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15171682026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25171682025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15171682025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25171682026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares517168SUBROSNOTLISTEDINE287B01021SUBROS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-182026-05-07INRLakhsQuarterlyFourth quarterSingle segmentManufacturing of Automotive Air-Conditioning System2026-05-1814:30:002026-05-1815:50:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated104976000007700000010574600000763410000001198000009396000002270000031110000088040000099077000006669000000666900000185600000-156000001700000000496900000000-36000004933000001230000050560000013050000027.567.56007.567.56Notes to the Consolidated Financial Results <BR> <BR> 1 The above consolidated financial results were reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on May 18, 2026. <BR> 2 The consolidated financial results include the results of the following entities namely, Subros Limited (Company) and Denso Subros Thermal Engineering Centre India Private Limited (Joint Venture). <BR> 3 The consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ("IND AS'') prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India and presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. <BR> <BR> 4 The Company and its joint venture's operations comprise of only one segment i.e. Thermal products. Hence, no further information is required to be given in respect of segment. <BR> <BR> 5 Other income includes income from government grant (Gujarat Incentive to Industries Scheme) as follows: <BR> i. Government grant:- <BR> A. Quarter Ended: <BR> March 31, 2026(Audited):Rs. 64 Lakhs <BR> December 31, 2025 (Unaudited): Rs. 64 Lakhs <BR> March 31, 2025 (Audited): Rs. NIL <BR> B.Year Ended: <BR> March 31, 2026 (Audited):Rs. 1478 Lakhs <BR> March 31, 2025 (Audited): Rs. 231 Lakhs <BR> <BR> 6 On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour and Employment published Central Rules on May 8, 2026 and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has presented such incremental impact as "Impact of Labour Codes" under “Exceptional item” in the consolidated financial results for the year ended March 31, 2026. The incremental impact consisting of gratuity of Rs. 691 Lakhs and leave encashment of Rs. 117 Lakhs primarily arises due to change in wage definition. The Company continues to monitor the Central Rules in conjunction with draft State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. <BR> <BR> 7 The Board of directors have recommended a final dividend of Rs. 3 per equity share (150% on face value of equity shares of Rs. 2 each) for the year ended March 31, 2026. The dividend is subject to approval of shareholders at the ensuing Annual General Meeting of the Company. <BR> <BR> 8 Figures for the quarters ended March 31, 2026 and March 31, 2025 represent the difference between the audited figures in respect of full financial years and the published figures for the nine months ended December 31, 2025 and December 31, 2024, respectively which were subjected to limited review. <BR> <BR> 2025-04-012026-03-31AuditedConsolidated3755520000038470000037939900000275217000000-15990000036411000009630000012493000003309500000356580000002281900000-808000002201100000622100000-7700000054510000001656000000000500000165650000012800000166930000013050000021231050000025.3925.390025.3925.39Other Expenses880400000Other Expenses33095000005681700000526200000001296400000264500000018500000394500000024000003091000007060000000550600000904390000045120000001020800000575580000011770000026220000071000003765000007540100000024510000012297200000002134110000013050000012310500000124410000000124410000002411000000001000002412000002325000003366000000470400000128070000057000000155000000602320000061782000009179000007153100000361500000104800000007619400000890010000021341100000See accompanying notes to the Consolidated Financial ResultsOther financials assets309100000Right of use assets318200000Non-current tax assets (net)58400000Other non-current assets174000000Other financial assets376500000Other current assets245100000Lease Liabilities100000Other non-current liabilities470400000Lease Liabilities1900000Suppliers credit447500000Other financial liabilities468500000Contract Liabilities158200000Other current liabilities20330000096300000-772200000-12481000000-6130000000-1550000005740000000-889000000124930000001040000000710000000-51500000000-81000000-275800000096000000-41720000017839000000007306000000105330000000156300000454400000000022700000149570000000000000001491000000000001800000792000000172400000-136860000000000000296700000049000001696000009780000004500000069400000-2459000000-245900000363600000117700000Gain/Loss on remeasurements of post employment benefit obligations16000000Share of other comprehensive income of Joint Venture accounted for using equity method30000016300000Gain/Loss on remeasurements of post employment benefit obligations16700000Share of other comprehensive income of Joint Venture accounted for using equity method3000001700000040000004200000001230000012800000AuditedtruePricewaterhouse Chartered Accountant LLPtrue2026-11-30