IGC Industries Ltd

Board action

• Board approved unaudited results for quarter and HY ended Sep 30, 2026.
• Limited Review Report issued by the statutory auditors.
• Results prepared under IND AS; single-segment operations; no segment reporting.
• Full unaudited results to be submitted separately.

Balance sheet highlights

• Total assets: 176.89 Lakh (Sep 30, 2026); 2145.34 Lakh (Mar 31, 2026).
• Equity share capital: 3472.00 Lakh; Other Equity: (3346.76) Lakh.
• Cash at end of year: 177 Lakh.

Cash flow snapshot

• Operating cash flow: 75,407 Lakh for year ended 30 Sep 2026.
• Investing cash flow: 75,271 Lakh for year ended 30 Sep 2026.
• Financing activity: not disclosed separately here.

Auditor remarks

• Limited Review Report states there is no qualification.

Notes

• Extract of unaudited results filed under Regulation 33 SEBI LODR.

IGC Industries Limited trading window closure from 1 October 2026 till 48 hours after the conclusion of the Board meeting to consider unaudited financial results for the quarter and half year ended 30 September 2026.

AGM Details

• Date: 22 Sep 2026; Time: 3:00 PM IST; Mode: VC/OAVM.
• Voting entitlement cut-off: 15 Sep 2026.
• Remote e-voting: 19–21 Sep 2026.

Key Resolutions and outcomes

• Adoption of audited financial statements for FY ended 31 Mar 2026; ordinary; 93.8% in favour.
• Re-appointment of director by rotation; ordinary; 93.79% in favour.
• Re-appointment of Independent Director (Non-Executive); ordinary; 93.79% in favour.
• Special resolution: Re-appointment of Non-Executive Independent Director; 93.80% in favour.
• Fixation of remuneration of Cost Auditors; ordinary; 93.80% in favour.

Directors changes

• Directors retiring by rotation were re-appointed as applicable.

Auditors and remuneration

• Remuneration fixed for Cost Auditors.

AGM Details

• AGM held on September 22, 2026 at 3:00 PM IST via VC/OAVM.
• Attendance recorded: 76 members.
• Remote e-voting window: Sep 19–21, 2026; NSDL platform used.
• Scrutinizer appointed to conduct voting.
• AGM concluded at 3:25 PM IST.

Resolutions Put to Vote

• Ordinary: Adopt Audited Financial Statements and related reports.
• Ordinary: Reappoint director retiring by rotation.
• Special: Re-appointment of Non-Executive Independent Director.
• Special: Re-appointment of another Non-Executive Independent Director.
• Special: Regularization of Additional Director as Director.
• Special: Appointment of Statutory Auditors and fixation of remuneration.

Voting Status

• Voting results to be announced on the company website and stock exchange within 48 hours.

Financial snapshot

• FY2025-26 revenue from operations nil; prior year ₹198.51 lakh.
• Net loss FY2025-26 ₹292.97 lakh; prior year ₹6.17 lakh loss.
• EPS (basic/diluted) ₹(0.84) for FY2025-26.
• Net cash from operating activities ₹1,188.78 lakh outflow.
• Net cash from investing activities ₹1,189.71 lakh inflow; financing ₹0.
• Ending cash and cash equivalents ₹1.77 lakh.
• Authorized capital ₹61 crore; paid-up capital ₹34.72 crore.
• Issued equity shares: 3,47,20,000 shares (₹34.72 crore).
• Invested ₹20 crore in CNX Corporation Limited; later transferred to Shrynax Trading Private Limited.
• Right issue proceeds ₹4,203.18 lakh recorded in prior year.

Profitability & year-on-year

• Revenue declined to nil in FY2025-26; ₹198.51 lakh in 2024-25.
• Profit before tax ₹(292.97) lakh; tax expense nil.
• Prior year EPS: ₹(0.02) basic, ₹(0.04) diluted.

Capital structure & dividends

• Dividend for FY2025-26 not recommended.
• Authorised capital increased to ₹61 crore; paid-up ₹34.72 crore.

Investments & liquidity

• Non-current investments ₹752.73 lakh; current loans/advances ₹958.57 lakh.
• 99% of shares in demat form as at 31 Mar 2026.

Audit & governance

• Statutory auditors: Sarang Shivajirao Chavan & Associates appointed 30 Sep 2025.
• Secretarial auditor: Ramesh Chandra Bagdi & Associates.
• Audit opinion: disclaimer due to going concern and insufficient audit evidence.

Board changes & governance

• Ziauddin Mohammed appointed MD on 21 Feb 2025; regularized May 2025.
• Hemlata resigned as Independent Director on 25 Aug 2026; Mukesh Yadav and Hiren Patel appointed.
• Manoj Kumar Jhawar appointed Additional Director on 20 Sep 2025; regularization at AGM proposed.

Risk & going concern

• Auditor flags going concern risk; management lacks comprehensive mitigation plan.
• Company pursuing opportunities while acknowledging liquidity and market risks.

Shareholder information

• 45th AGM via VC/OAVM on 22 Sep 2026 at 3:00 PM.
• AGM notices and annual report electronic; physical copies on request.
• Listed on NSE; dematerialisation peak at 99.99% with ISIN INE099S01016.

AGM Details

• Date/time/mode: 22 September 2026, 3:00 PM IST, VC/OAVM
• Record closure: Register of Members and share transfer books close 16-22 September 2026

Key Resolutions

• Ordinary: adopt audited financial statements for year ended 31 March 2026
• Ordinary: re-appoint Ziauddin Mohammed by rotation
• Special: re-appoint Mukesh Jiut Yadav as Non-Executive Independent Director
• Special: re-appoint Hiren Kishor Patel as Non-Executive Independent Director
• Special: regularize Manoj Kumar Jhawar as Director
• Special: appoint Sarang Shivajirao Chavan & Associates as statutory auditors; remuneration to be fixed by Board

Director Changes

• Hemlata resigned as Independent Director effective 25 August 2026
• Mukesh Jiut Yadav appointed Independent Director effective 25 August 2026
• Hiren Kishor Patel appointed Independent Director effective 25 August 2026
• Manoj Kumar Jhawar regularized as Director; added as Additional Director on 20 Sep 2025
• Ziauddin Mohammed appointed Director on 21 Feb 2025

Auditors

• Statutory auditors appointed; tenure from this AGM to the conclusion of the 49th AGM
• Remuneration, if any, to be fixed by the Board

Book closure details

• Book closure period: 16/09/2026 to 22/09/2026 (inclusive)
• Purpose: For the 45th Annual General Meeting on 22 September 2026
• Security: Equity shares of IGC Industries Limited (IGCIL)
• AGM date: 22 September 2026
• Dividend: No dividend declared for FY 2025-2026

AGM & financial reporting

• 45th AGM scheduled Sept 22, 2026 at 3:00 PM via VC/OAVM.
• Audited standalone financial statements for FY ended March 31, 2026 to be received and adopted.
• Director's Report for FY2025-26 approved.
• Notice of the AGM approved for September 22, 2026.
• AGM to be held via VC/OAVM per MCA/SEBI guidelines; physical attendance dispensed.
• Register of Members closed Sep 16–22, 2026.

Board changes & auditors

• Ziauddin Mohammed to be re-appointed as Director by rotation.
• Hemlata resigned as Independent Director effective 25 August 2026.
• New Independent Directors appointed: Mukesh Jiut Yadav and Hiren Kishor Patel, effective 25 August 2026.
• Regularization of Mukesh Jiut Yadav as Director.
• Regularization of Hiren Kishor Patel as Director.
• Regularization of Manoj Kumar Jhawar as Director.
• Appointment of Sarang Shivajirao Chavan & Associates as statutory auditors for 5 years (45th to 49th AGM).

Meeting Details

• Board meeting scheduled for 29 August 2026; time and venue not disclosed.

Key Agenda Items

• Discussion on the Notice for the 45th AGM.
• Discussion on Director Report for the financial year 2025-2026.
• Discussion to fix date, place and time of the 45th AGM.

Other Notes

Independent Directors appointed

• Appoints Mukesh Jiut Yadav as Additional Independent Director, effective 25 August 2026, subject to member approval.
• Appoints Hiren Kishor Patel as Additional Independent Director, effective 25 August 2026, subject to member approval.
• Declarations of independence submitted; eligible under Companies Act 2013 and SEBI LODR.
• Not related to any director; not debarred from holding office.

Resignation of Independent Director

• Resignation of Hemlata as Independent Director accepted, effective 25 August 2026.
• Reason: increasing personal and professional commitments.