Source Industries (India) Ltd (521036) — FY26 Annual Report | 7 September 2026

The company, formerly Source Industries (India) Limited, has been renamed Arka Defence & Locomotives Limited and repositioned to focus on defence and locomotive engineering. FY 2025-26 revenue rose to ₹57.65 lakhs from ₹13.72 lakhs, with net profit of ₹12.18 lakhs versus ₹0.78 lakhs prior year. No dividend is proposed. The board approved the appointment of Suresh Surana & Associates LLP as statutory auditors and outlined a strategic shift toward high-growth railway safety and defence technology markets, targeting 41,000 km of new railway contracts and defence indigenisation targets. Key risks include certification delays, capital intensity, and integration of future acquisitions.