Birlanu Ltd

Key acquisition details

• Target entity: FPEL HR5 Energy Private Limited (FPEL Energy), SPV for a solar project in Haryana, India.
• Incorporation: Aug 1, 2025 in India; wholly owned subsidiary of Fourth Partner Energy.
• Turnover: NIL as on 31 March 2026.
• Nature: Not a related party; promoters have no interest in the acquisition.
• Industry: Generation and transmission of solar energy and renewables.
• Rationale: Meet green energy needs, optimize energy cost, and comply with captive power requirements.
• Regulatory: No regulatory approvals required.
• Timeline: Indicative completion period of six months.
• Consideration: Cash consideration; equity investment up to ₹2.02 crore.
• Value/ownership: Acquisition of aggregate 26% stake in FPEL Energy.
• Background: Incorporated Aug 1, 2025; SPV for Haryana solar project; wholly owned by Fourth Partner; not yet operational.

Special window details

• Window open Feb 5, 2026 to Feb 4, 2027 for transfer/demat of pre-Apr 1, 2019 physical securities.
• Also applicable to previously submitted transfer requests that were rejected or not attended, subject to rectification.
• Transfers to be demat-only with a one-year lock-in from registration; no transfer/pledge/lien-mark during lock-in.
• Excludes disputes between transferor/transferee and securities transferred to IEPF from consideration.
• Required documents include original certificates and transfer deed.
• Also include proof of purchase, KYC, latest CML and indemnity.
• Registrar to collect documents; contact cs@birlanu.com or investor.relations@vccipl.com.
• Processing target: transfers within 70 days of complete documentation.
• Window to be publicized bi-monthly by listed company/RTAs/exchanges.

Financial Performance

• Revenue up 10% to Rs 824 cr; EBITDA up 70% to Rs 97 cr; margins up 420 bps.
• Consolidated revenue up 11.6% to Rs 1,174 cr; EBITDA up 35% to Rs 80 cr.

Segment Trends

• Roofs revenue up 70%; EBITDA margin up 390 bps to 18.2%; revenue Rs 517 cr.
• Walls revenue up 14%; EBITDA margin up 270 bps to 10.2%.
• Pipes revenue down 11%; volumes down 27%; EBITDA margin up 660 bps.
• Construction Chemicals revenue up 11%; raw material inflation; profitability impacted.
• Parador euro revenue broadly stable; EBITDA loss Rs 13 cr; margins expected to normalize in H2.
• Parador line of sight on revenue growth via US/India and DIY Europe.
• OPVC capex completed; Nellore capex progress 90-100% committed.
• Hyderabad greenfield boards plant capex Rs 167 cr.
• Nellore plant: civil works ongoing; machinery installation next month; commissioning by Q4.
• Clean Coats contributed Rs 9 cr revenue in Q1 FY27.
• BCG cost-out program for Parador targets 300-400 bps EBITDA uplift.

Balance Sheet and Cash Flow

• Working capital reduced ~Rs 100 cr year-on-year; improved operating cash flows.
• Gross borrowings down to Rs 758 cr from Rs 852 cr as of March '26.
• Debt-to-equity ratio at 0.68x as of 30 Jun.
• Board aims to maintain prudent capital structure; borrowings to reduce as projects contribute.

Projects and Capex

• Hyderabad greenfield board plant capex Rs 167 cr.
• Nellore: civil works ongoing; installation of equipment next month; commissioning by Q4.
• OPVC capex completed; Nellore capex progress 90-100% committed.
• Solar capacity expansion commissioned; advancing renewable energy investments.
• BCG focus areas for Parador include pricing, procurement, SG&A, and operations.

Q&A Highlights

• Q&A confirmed debt covenants waivers; near-term borrowings elevated due to greenfield capex.
• Borrowings declined ~Rs 100 cr during quarter; from Rs 852 cr to Rs 758 cr.
• Parador: 4-month BCG diagnostic, design, and implementation; first results by quarter-end; full impact by Q4.
• Boards & Panels capacity additions in AP and Telangana; revenue upside INR 300-350 cr; EBITDA uplift INR 75-85 cr.
• PVC pipe pricing volatility; expect stabilization and demand improvement in Q2.
• Clean Coats contributed Rs 9 cr revenue in Q1 FY27.

Meeting Details

• Date: August 7, 2026; Investor conference call for Q1 FY27 results.
• Type/Mode: Group investor call; virtual.
• Event/organiser: Investors’ Conference Call; BirlaNu Limited.

Participants

• Key participant: Company Secretary & Compliance Officer (BirlaNu Limited).

Purpose

• Purpose: discuss unaudited Q1 FY27 standalone and consolidated results.

Additional Notes

• Recording available on company website (audio recording of the conference call).

AGM details

• AGM held on 6 Aug 2026 at 3:00 PM IST via VC/OAVM; record date 30-07-2026.

Dividend

• Final dividend of Rs 15 per equity share approved.

Key resolutions

• Resolution 1: Adopt standalone and consolidated financial statements; passed.
• Resolution 2: Declare final dividend; passed.
• Resolution 3: Re-appoint Amita Birla by rotation; passed.
• Resolution 4: Remuneration of MD & CEO for 2026-27; passed.
• Resolution 5: Grant long-term cash incentive to Avanti Birla (related party); passed.
• Resolution 6: Ratify remuneration of Cost Auditors for 2027; passed.

Voting results (highlights)

• Resolution 1: 99.99% in favour; 0.01% against.
• Resolution 2: 100% in favour; 0% against.
• Resolution 3: 99.94% in favour; 0.06% against.
• Resolution 4: 98.73% in favour; 1.27% against.
• Resolution 5: 85.47% in favour; 14.53% against; related-party caveat noted.
• Resolution 6: 99.99% in favour; 0.01% against.

Material related party transactions

• Grant of long-term cash incentive to related party; value not disclosed.

Director changes & governance

• Amita Birla re-appointed by rotation; eligible; DIN 00837718.

Auditors and remuneration

• Cost Auditors' remuneration ratified for FY2027; no new statutory auditor appointment.

AGM Details

• Date/time: Aug 6, 2026, 3:00 PM IST; mode: VC/OAVM; concluded 3:57 PM IST.
• Remote e-voting: Aug 3–5, 2026; voting cut-off: July 30, 2026.
• Scrutinizer appointed; results to be announced within the stipulated time and placed on the website.

Ordinary Business

• Adoption of standalone and consolidated financial statements for FY2025-26.
• Outcome: Voting results not disclosed; to be announced.
• Final dividend of Rs 15 per share (150%) for FY2025-26.
• Re-appointment of Amita Birla, retiring by rotation.

Special Business

• Remuneration of Akshat Seth, MD & CEO for FY2025-26.
• Outcome: Voting results not disclosed; to be announced.
• Grant of long-term cash incentive to Avanti Birla, related party.
• Ratification of remuneration of Cost Auditors for FY ending March 31, 2027.

Material Related Party Transactions

• Related party: Avanti Birla; nature: grant of long-term cash incentive.

Financials

• Standalone Q1 FY27 revenue from operations ₹82,432 lakh; PAT ₹4,969 lakh; EPS ₹65.89.
• Consolidated Q1 FY27 revenue from operations ₹117,402 lakh; PAT ₹940 lakh; EPS ₹12.47.
• Standalone PBT ₹6,722 lakh; tax ₹1,753 lakh; PAT ₹4,969 lakh.
• Consolidated PBT (including exceptional items) ₹6,722 lakh; tax ₹1,598 lakh; PAT ₹940 lakh.
• Board approved unaudited standalone and consolidated results; Limited Review reports unmodified.

Capex & capacity expansion

• Hyderabad plant: existing capacity 132,000 MTPA; utilization 80%.
• Proposed addition: 72,000 MTPA; completion within 24 months.
• Investment required ₹167 crore for greenfield facility and land acquisition.
• Financing: internal accruals and borrowings.
• Rationale: scale premium product lines and improve market access.

Segment revenue mix

• Roofs ₹51,650 lakh; Floors ₹34,128 lakh.
• Walls ₹15,636 lakh; Pipes ₹15,910 lakh; Others ₹175.
• Total segment revenue ₹117,499 lakh; Inter-segment revenue ₹97 lakh; Net ₹117,402 lakh.

Governance & disclosures

• Quarterly results reviewed by Audit Committee; statutory auditors unmodified.

Annual Report and AGM update

• Web-link of the FY2025-26 Annual Report dispatched to members without registered emails.
• 79th AGM scheduled for 6 August 2026 at 3:00 PM IST via video conferencing.
• Annual Report for FY2025-26 is available online through the provided link.
• Members should register their email with Depositories or the RTA to receive communications.
• QR code is provided for AR access and RTA contact details are given.
• No financial metrics disclosed in this update.