Indobell Insulations Ltd

AGM Details

• Date and time: 30 September 2026, 11:30 IST; mode: VC/OAVM.
• Venue deemed at the registered office; quorum via VC/OAVM.
• Record date for voting: 23 September 2026.
• Remote e-voting window opened 27 September 2026 at 09:00 IST.
• Voting remained open until 15 minutes after conclusion of the AGM.
• Meeting conducted via NSDL platform; concluded at 12:05 IST.

Ordinary resolutions

• Adopt standalone financial statements for year ended 31 March 2026 with Directors' and Auditors' reports.
• Re-appointment of director liable to retirement by rotation.
• Appointment of Statutory Auditors and fixation of remuneration.
• Increase authorised share capital from Rs 7 crore to Rs 15 crore.

Voting status

• Voting results not disclosed in this filing; to be posted separately with Scrutinizer’s Report.

Director changes

• Director re-appointment proposed for the retiring director.

Auditors

• Statutory Auditors appointment proposed; remuneration to be fixed.

Capital increase

• Increase in authorised share capital approved per Ordinary Resolution.

Indobell Insulations Ltd – Trading Window Closure from Oct 1, 2026 until 48 hours after the unaudited half-year results for the period ended Sept 30, 2026; reopening 48 hours after the results are announced

AGM Details

• 54th AGM on 30 September 2026 at 11:30 A.M. via VC/OAVM.

IPO fund utilization

• Auditors certify Rs 41 lakh unutilized IPO funds were used in July–August 2026.
• Total IPO proceeds fully utilized as of 10 September 2026; no unspent funds remaining.
• Utilisation funded capital expenditure for purchase of additional plant and machinery.
• Certificate and related communications are enclosed with the filing.

SBI appreciation letter

• Appreciation letter from State Bank of India received.
• Letter attached with the filing.
• Date on letter: 03 September 2026.

Shareholder communication

• Company sent letters to members with unregistered e-mail addresses and provided Integrated Annual Report 2025-26 link on website.

Financials

• Revenue from operations: 1,557.90 lakhs; total income: 1,715.02 lakhs.
• Profit after tax: 80.44 lakhs; Basic EPS: ₹1.28.
• YoY: revenue declined from 2,572.91 to 1,557.90 lakhs; PAT fell.
• Total income drop driven by lower revenue despite some other income.

Capital & IPO

• Authorized share capital increased to Rs 15 crore.
• Paid-up capital: Rs 6.30 crore; 6,299,952 shares outstanding.
• IPO proceeds raised: Rs 1014.30 lakhs; unutilized Rs 41.00 lakhs.
• IPO funds utilized: Rs 973.30 lakhs; funds kept in fixed deposits.

Governance & leadership

• Mayank Burman appointed CEO effective 1 June 2026.
• Five board meetings held in FY2025-26.
• Woman director Anjana Dikshit on the Board.
• Internal Auditor appointed: Basu Chatterjea & Co for 2026-27.
• Statutory Auditor appointed till 2028: Bandyopadhyay & Dutt.

Dividends & reserves

• Dividend for FY2025-26 not declared.
• Transfers to reserves: Rs 80.44 lakhs during 2025-26.
• Dematerialisation: 100% of shares in demat form.

Audits & internal controls

• Auditor's report includes Emphasis of Matter on write-backs totaling Rs 120.73 lakhs.
• Write-backs include Rs 83.27 lakhs to customer and Rs 35.86 lakhs to suppliers.
• No fraud reported; internal controls deemed adequate.

Operations & strategy

• Primary business: insulation products; energy-saving focus.
• Aerogel technology transfer with IIT Roorkee; potential energy efficiency gains.
• Export market entry strengthens global footprint.

Regulatory & compliance

• Company exempt from certain corporate governance disclosures; compliance maintained.
• POSH policy in place; one awareness workshop conducted.
• Related party transactions in ordinary course; no material Related Party transactions.

Key board decisions

• AGM date fixed: 30 September 2026 at 11:30 AM via VC/OAVM.
• Record date fixed: 23 September 2026.
• e-voting platform approved: NSDL.
• Scrutinizer appointed: CS Altab Uddin Kazi, PCS, Mem No F 12581.
• Directors' Report approved.
• Increase in Authorised Capital from Rs 7 crore to Rs 15 crore.