About Symphony Limited

Symphony Limited is an Indian multinational that pioneered branded air coolers in India in 1988 and now operates across over 60 countries as a global leader in residential, commercial, and industrial evaporative air cooling solutions. The Company designs, sources, and markets energy‑efficient, eco‑friendly coolers, with operations anchored in Ahmedabad and a plant at Thol, Gujarat, supported by overseas subsidiaries in Australia, USA, Mexico, Brazil, and China for portfolio and market access purposes as disclosed across corporate information and MD&A sections. Symphony’s history includes decades of product innovation, channel expansion, and globalization, reflected in its positioning as the “frontrunner in the production of air coolers” and a dominant brand across domestic and industrial segments, underpinned by quality, innovation, and supply chain capabilities highlighted in the Board skills matrix narrative. As of March 31, 2025, the Board notes Symphony as an MNC with strong governance systems, zero debt, and robust liquidity, with investments and loans to subsidiaries aligned to Section 186 limits for strategic growth; the Company sought shareholder approval to enhance the overall limit to Rs 1,500.00 crore to retain flexibility given an aggregate of Rs 895.00 crore outstanding as on March 31, 2025. The Group structure includes Symphony Au Pty Limited (Australia) with Climate Technologies Pty Limited and Bonaire USA LLC, Guangdong Symphony Keruilai Air Coolers Company Limited (China), and other international platforms referenced in financial statement notes and corporate information; total subsidiaries count is indicated through these named entities and websites listed in corporate information, evidencing multiple wholly owned subsidiaries and step‑downs across key geographies. Key milestones in FY 2024–25 include execution of a buyback of 2,85,600 shares at Rs 2,500 per share on September 18, 2024, initiation of legal action against a major defaulting customer, and a Board proposal to sell certain immovable properties, all formally recorded in the Secretarial Audit Report.

Symphony Limited Business Segment

• Core: Air cooling products for residential, commercial, and industrial applications, marketed in India and internationally with product development, sourcing, and distribution capabilities described throughout governance and financial sections.

• Geographic presence: India as the principal market; international reach via Australia, USA, Mexico, Brazil, and China platforms as indicated by subsidiary references and official websites in corporate information.

Symphony Limited Key Management

• Achal Bakeri — Chairman and Managing Director.

• Nrupesh Shah — Managing Director – Corporate Affairs.

• Amit Kumar — Executive Director and Group CEO.

• Jonaki Bakeri — Non‑Executive Director.

• Girish Thakkar — Chief Financial Officer.

• Mayur Barvadiya — Company Secretary and Head – Legal.

Latest Updates on Symphony Limited

• Completed buyback of 2,85,600 equity shares (0.41%) at Rs 2,500 per share; shares extinguished on September 18, 2024.

• Board approved proposal to sell or dispose of certain immovable properties; intimation made on October 29, 2024 under SEBI LODR.

• Initiated legal proceedings against a major customer for default in dues, as disclosed to stock exchanges.

• Appointment of B S R & Co. LLP as proposed Statutory Auditors for a five‑year term from the 38th AGM, replacing Deloitte, with proposed remuneration of Rs 0.47 crore for FY 2025–26.

• Proposed enhancement of Section 186 limit from Rs 1,000.00 crore to Rs 1,500.00 crore to support investments, loans, guarantees, and securities; aggregate outstanding at Rs 895.00 crore as of March 31, 2025.

• Governance and Board changes: Re‑appointment of Santosh Nema as Independent Director effective July 31, 2024; appointment of Malavika Harita as Independent Woman Director effective August 06, 2024.