Linc Ltd

AGM notice and annual report access

• 32nd AGM scheduled for 17 September 2026 at 11:00 IST via VC/OAVM.
• Notice of AGM and Annual Report for FY 2025-26 released to members by email.
• Web-links and exact access path provided to view AGM notice and Annual Report.
• AGM notice and Annual Report also accessible on BSE, NSE, and NSDL sites.

TDS on dividend and related KYC

• Board recommended ₹1.50 per share (30%) dividend for FY2025-26, subject to AGM approval.
• TDS on dividends applies from April 1, 2026 under IT Act 2025 and Finance Act 2026.
• Dividends will be taxed in members' hands; the company will deduct TDS accordingly.
• Resident TDS: NIL if aggregate dividend up to ₹10,000; 10% with PAN; 20% without PAN.
• Non-resident TDS: 20% plus surcharge; DTAA benefits require extensive documentation.
• Deadline to submit tax documents: 10 September 2026.
• Submission links via mdpl.in; links disable after 10 September 2026.
• Demat holders must update bank details with their depository; physical holders with RTA.
• Company may reject documents for discrepancies; higher rate if information is incomplete.
• In joint holdings, the first named holder must furnish required documents.

Financial snapshot

• FY26 standalone revenue ₹53,207 lakh; consolidated ₹54,301 lakh.
• EBITDA ₹66.04 crore; EBITDA margin 12.4%.
• PAT ₹36.61 crore; PAT margin 6.9%.
• ROCE 19.5%; ROE 14.8%.

Revenue drivers & mix

• Revenue remained broadly stable despite pricing pressures.
• Pentonic premium line remains a major revenue contributor; ongoing design refreshes.
• Portfolio expanded into mechanical pencils, geometry boxes, folders, markers.

International expansion & partnerships

• Exports revenue ₹92.31 crore; international footprint across 50+ countries.
• Kenya Gelx Industries 60% stake; Africa expansion underway.
• JV & partnerships: Uni Linc India, Silka Linc Turkey; Morris Linc growth.

Manufacturing & operations

• New integrated manufacturing facility in West Bengal (~1.5 lakh sq ft) under construction.
• Manufacturing expansion to enable future capacity and efficiency gains.

Governance & risk

• Board size eight; Dr. Mamta Binani joined as Independent Director in 2025.
• Audit Committee held five meetings; no qualifications reported.
• Strong internal controls; whistleblower mechanism in place.

CSR & ESG

• CSR outlay ₹98.49 lakh; focus on education, hunger, health, and environment.
• Packaging shift to paper-based multipacks reduced plastic use.
• Sustainability efforts aligned with UN SDGs; energy and water conservation activities.

Outlook & strategic priorities

• Export volatility managed by diversifying to stable markets (Indonesia, Philippines, SA, S Africa).
• Outlook: growth from diversified product portfolio, digital channels, and partnerships.
• India opportunity supported by large student base and rising premium demand.

Record date and closure

• Record date for dividend fixed at 10 September 2026, subject to AGM declaration.
• Book closure from 11 September 2026 to 17 September 2026 (inclusive) for the AGM.

Financial Performance

• Operating income stood at INR 13,895 lakhs, up 1.4% YoY.
• PAT was INR 581 lakhs, with a 4.2% PAT margin.
• PAT margin declined 93 bps YoY.
• Net cash position at INR 1,194 lakhs as on 30 June 2026.
• Fixed asset turnover at 3.72x; cash conversion cycle 65 days.

Operating Update

• cUNI-LINC JV with Mitsubishi Pencil Company, Japan, export >50% of revenue.
• Turkey JV operations progressing steadily.
• Korea subsidiary development tied to West Bengal plant, expected operational by Q3 FY '27.
• Kenya subsidiary sales momentum improving and expected to strengthen.
• LINC On remains stable; ramp-up slower but foundations robust.
• Improving product mix and partnerships to support long-term growth as input costs moderate.

Projects and Capex

• West Bengal manufacturing facility expected operational by Q3 FY '27.

Outlook and Guidance

• Guidance on outlook to be provided after next quarter due to uncertainties.

Q&A Highlights

• Market share unchanged; raw-material constraints.
• Price hikes pass-through around 50%; full increase not passed.
• No formal long-term guidance yet; awaiting visibility.
• Kenya improving; Turkey stable; West Bengal plant on schedule.

Meeting Details

• Date: 7 August 2026.
• Meeting type and mode: group conference call with analysts/investors (virtual audio link).
• Organizer: Linc Limited.

Participants

• Company Secretary (signatory).

Purpose

• Group conference call with analysts/investors.

Additional Notes

• Audio recording of the conference call is available.

Financial highlights

• Total Income ₹13,940 lakhs in Q1 FY27, up 0.9% YoY
• EBITDA ₹1,254 lakhs with 9.0% margin, down 12.6% YoY
• PAT ₹581 lakhs; PAT margin 4.2%
• EPS ₹0.98
• Net Debt ₹(1,194) lakhs; Net Debt/EBITDA −0.24x

Operational and business developments

• Uni Linc exports account for more than 50% of revenue in quarter
• Exports and Corporate Sales declined; General Trade grew; E-commerce up 32%
• Linc On e-commerce subsidiary contributing to growth
• Türkiye JV operations progressing; Morris of Korea subsidiary development linked to West Bengal plant
• Kenya subsidiary sales momentum improving

Guidance and outlook

• Polymer price pressures are near-term; expected to ease gradually
• Cost management disciplined; input-cost pass-through gradual
• Foundations robust; benefits from product mix and partnerships to emerge as costs moderate

Financial results

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Report from Singhi & Co enclosed.

Director appointment

• Re-appoint Shri Sanjay Jhunjhunwalla as Non-Executive Independent Director for 5 years from 12 Nov 2026 (subject to shareholders).

Remuneration changes

• Remuneration for Aakash Jalan and Utkarsh Jalan raised to Rs 40 lakh, from 01 Nov 2026 (shareholders' approval).

Governance / notices

• Postal Ballot Notice issued.

Regulatory / GST matters

• GST demand of Rs 353.39 lakh and penalty contested; no provision.