Exxaro Tiles Ltd

Exxaro Tiles Ltd: Trading window closed from 01 October 2026; to reopen after expiry of 48 hours from public announcement of unaudited results for quarter and half year ended 30 September 2026

agm details

• AGM held 26-09-2026 via VC/OAVM at registered office
• Start 11:12 A.M., end 11:39 A.M.
• Record date 19-09-2026
• Remote e-voting 23-09-2026 to 25-09-2026

resolutions and outcomes

• Resolution 1: Adopt audited financial statements and reports; Passed, 99.92% in favour
• Resolution 2: Re-appoint director by rotation; Passed, 99.92% in favour

director changes

• Director Dineshkumar R. Patel re-appointed by rotation

AGM details

• AGM held on 26 Sept 2026 at 11:12 AM via VC/OAVM; deemed at registered office in Gujarat.
• 46 members attended.
• Speaker shareholders registered; questions answered.
• No proposing/seconding of resolutions due to VC/OAVM.
• Scrutinizer appointed for remote e-voting and AGM voting.
• Remote e-voting via NSDL; voting continued for 15 minutes after formal close.
• Results to be declared after Scrutinizer's report; within two working days.
• Meeting duration 27 minutes.

AGM details

• AGM held on 26 September 2026 at 11:12 A.M. via VC/OAVM.
• Meeting concluded at 11:39 A.M.; venue: registered office premises.
• Attendance: 46 members, including directors and KMPs.

Resolutions and voting

• Resolutions as per notice were put to vote; remote e-voting ongoing; results to be announced after scrutiny.

Scrutiny and results timing

• Scrutinizer appointed for e-voting; results to be declared within 2 working days.

Financial snapshot

• Standalone revenue from operations: 28,182.28 Lakhs, down 7.1% YoY.
• Consolidated revenue from operations: 30,490.30 Lakhs.
• Standalone PBT: 301.16 Lakhs; Consolidated PBT: 398.88 Lakhs.
• Standalone PAT: 210.58 Lakhs; Net profit: 220.75 Lakhs.
• Consolidated PAT: 283.12 Lakhs.
• Standalone EPS: 0.05; Consolidated EPS: 0.06.
• Dividend for FY2025-26 not recommended.
• Net worth: 27,838.46 Lakhs; Total borrowings: 9,098.99 Lakhs.

Operational performance

• Installed capacity: 1.32 crore sq m; Actual production: 1.0523 crore sq m.
• Capacity utilization: 80% overall; Padra 84%, Talod 77%.
• Plant-wise capacity: Padra 49.20 lakh sq m; Talod 82.80 lakh sq m.
• Exports to 11 countries; domestic dealer network across 27 states.

Capital structure & liquidity

• Total borrowings (Standalone): 9,098.99 Lakhs; Net debt: 8,977.09 Lakhs.
• Cash and cash equivalents: 121.90 Lakhs.
• Share capital: 4,474.11 Lakhs; Net worth: 27,838.46 Lakhs.
• Capital employed: 36,937.45 Lakhs; Capital gearing: 0.32.
• Consolidated net debt not shown here; standalone liquidity metrics highlighted.

Subsidiaries & corporate structure

• Wholly owned subsidiary: Exxaro Ceramics Limited; separate accounts disclosed.
• Annexure-1 provides subsidiary turnover and PAT specifics.
• New UAE subsidiary: Aresta General Trading FZE formed 23 March 2026.

Governance & audit

• Statutory auditors M/s H. B. Kalaria & Associates reappointed for five years to 2030.
• Board held 9 meetings in FY2025-26; independent directors met once.
• Internal controls: adequate; no material weaknesses reported.
• Secretarial audit flagged few MCA filing delays due to technical issues.

Dividends, AGM & corporate actions

• No dividend declared for FY2025-26.
• 19th Annual General Meeting scheduled for 26 September 2026 via VC/OAVM.

CSR & ESG

• CSR expenditure: Rs 10.00 Lakhs; CSR policy on the website.
• Rs 10,00,000 donated to Jivan Jyot Foundation on 24.03.2026.

Outlook & risks

• Growth strategy centers on capacity utilization improvements, tier-II/III market expansion, and design-led products.
• Key risks: competition, energy costs, regulatory shifts, inflation, and macro uncertainties.

AGM Details

• Date and time: 26 September 2026 at 11:00 A.M. IST.
• Mode: VC/OAVM.
• Record date for voting: 19 September 2026.

Resolutions

• Adopt standalone financial statements for FY2025-26.
• Adopt consolidated financial statements for FY2025-26.
• Re-appoint Mr. Dineshkumar R. Patel, retiring by rotation, for a 5-year term to Jan 2031.

Director changes

• Director seeking reappointment: Mr. Dineshkumar R. Patel, Whole-time Director since 2014.
• Proposed tenure: 5 years to Jan 2031.