Date: August 07, 2026

Board Meeting Outcomes

  • The Board of Directors meeting held on August 07, 2026 (commenced at 04:45 PM IST, concluded at 05:37 PM IST) approved the Unaudited Financial Results for the quarter ended June 30, 2026.
  • The results were reviewed by the Audit Committee and approved by the Board.
  • The results have been disseminated to the stock exchanges and will be published in newspapers as per Regulation 47 of SEBI Listing Regulations.

Financial Results (Standalone)

Quarterly Performance (₹ in million)

| Particulars | Quarter ended 30 June 2026 (Unaudited) | Quarter ended 31 March 2026 (Audited) | Quarter ended 30 June 2025 (Unaudited) | Year ended 31 March 2026 (Audited) |

| Total Revenue | 987.16 | 874.33 | 836.30 | 3,415.82 |

| Profit Before Tax | 464.58 | 332.85 | 278.29 | 1,352.94 |

| Finance Cost | 6.90 | 16.48 | 19.45 | 60.19 |

| Other Un-allocable expenditure/(income) (net) | (101.43) | (29.39) | 9.05 | (144.32) |

Segment Performance for Quarter ended 30 June 2026 (₹ in million)

Segment Revenue:

  • Gases, related products & services: ₹973.57 (Q1 FY2026: ₹809.04)
  • Project Engineering: ₹13.59 (Q1 FY2026: ₹27.26)
  • Total: ₹987.16

Segment Results:

  • Gases, related products & services: ₹367.01 (Q1 FY2026: ₹303.79)
  • Project Engineering: ₹3.04 (Q1 FY2026: ₹3.00)
  • Total Segment Results: ₹370.05

Segment Assets (as of 30 June 2026):

  • Gases, related products & services: ₹8,058.29 million
  • Project Engineering: ₹83.69 million
  • Unallocated: ₹5,361.03 million
  • Total Assets: ₹13,503.01 million

Segment Liabilities (as of 30 June 2026):

  • Gases, related products & services: ₹1,874.26 million
  • Project Engineering: ₹3.9 million
  • Unallocated: ₹1,502.91 million
  • Total Liabilities: ₹3,381.16 million

IPO Proceeds Utilization

The Company concluded its Initial Public Offer (IPO) of 21,313,130 equity shares (face value ₹2 each) at an issue price of ₹400 per share (including premium of ₹398), aggregating to ₹8,525.25 million. The IPO comprised:

  • Fresh issue: 10,000,000 equity shares
  • Offer for sale: 11,313,130 equity shares by selling shareholders

Utilization of Fresh Issue Proceeds (net of issue expenses ₹268.64 million):

| Purpose | Amount Proposed (₹ million) | Amount Utilized as of 30 June 2026 (₹ million) | Unutilized as of 30 June 2026 (₹ million) |

| Repayment of borrowings | 2,100.00 | 2,100.00 | - |

| Setting up ASU at Uluberia-II plant (220 TPD) | 1,045.00 | 623.58 | 421.42 |

| General corporate purposes | 586.36 | 426.02 | 160.34 |

| Total | 3,731.36 | 3,149.60 | 581.76 |

Unutilized portion of ₹581.76 million classified in Other bank balances (Fixed deposits: ₹436.76 million; Designated current account: ₹145.00 million).

Other Disclosures

  • The company does not have any Subsidiary/Associate/Joint Venture (consolidated results not applicable)
  • Previous period figures have been regrouped/reclassified where necessary
  • Operating segments reported as: Gases, related products & services (manufacture and supply industrial gases); Project Engineering (design, engineering, supply, installation and commissioning of ASUs)