Summary of Key Information:

Reporting Period: Quarter and Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR

Audit Opinion:

Unmodified Opinion on Auditors' Report for both standalone and consolidated financial results

Key Financial Highlights (Rs in Lakhs):

Consolidated Results:

Revenue from Operations:

  • Q4 FY26: ₹25,584.64 vs Q4 FY25: ₹18,035.49 (41.9% increase)
  • FY26: ₹66,819.59 vs FY25: ₹47,952.19 (39.4% increase)

Total Income:

  • FY26: ₹66,891.94 vs FY25: ₹48,041.99

Net Profit:

  • Q4 FY26: ₹1,012.35 vs Q4 FY25: ₹1,166.39 (13.2% decrease)
  • FY26: ₹1,212.88 vs FY25: ₹2,290.40 (47.0% decrease)

EPS (Basic & Diluted):

  • FY26: ₹7.73 vs FY25: ₹14.65

Other Equity:

  • FY26: ₹11,720.97 vs FY25: ₹10,824.53

Cash and Cash Equivalents:

  • FY26: ₹177.29

Debt:

  • Non-current borrowings: ₹7,903.65
  • Current borrowings: ₹7,185.25
  • Total borrowings: ₹15,088.90

Standalone Results:

Revenue from Operations:

  • FY26: ₹66,734.82 vs FY25: ₹47,179.29 (41.5% increase)

Net Profit:

  • FY26: ₹2,322.41 vs FY25: ₹1,089.42 (113.2% increase)

EPS (Basic & Diluted):

  • FY26: ₹14.72 vs FY25: ₹6.90

Other Equity:

  • FY26: ₹12,027.50 vs FY25: ₹11,261.60

Cash and Cash Equivalents:

  • FY26: ₹102.88

Segment-wise Performance:

The company operates in a single reportable business segment: "Manufacturing of Cold Rooms, Freezer, Refrigeration System, Chilling Plants, etc."

Corporate Actions:

Dividend: Recommended final dividend of ₹2.25 per equity share (22.5% of face value of ₹10 each) for FY26, subject to shareholder approval at ensuing AGM

Other Significant Information:

Subsidiaries:

  • Wholly owned subsidiary: M/s. Bharat Refrigerations Private Limited
  • 60% owned subsidiary: M/s. Icebest Private Limited (noted to be incurring losses for past two years with negative net worth, but accounts prepared on going concern basis considering parent support)

Labour Code Impact:

  • Recognized provision of ₹103.98 lakhs towards incremental liability for past periods due to implementation of four labour codes effective November 21, 2025

Assets and Liabilities (Consolidated):

  • Total Assets: ₹50,359.70 lakhs (vs ₹36,772.13 lakhs in FY25)
  • Total Equity: ₹13,260.74 lakhs
  • Total Liabilities: ₹37,098.96 lakhs

Cash Flow (Consolidated):

  • Net cash used in operating activities: ₹(1,057.41) lakhs
  • Net cash used in investing activities: ₹(4,045.35) lakhs
  • Net cash from financing activities: ₹5,242.26 lakhs

Entities in Consolidation:

The consolidated results include: Ice Make Refrigeration Limited (Holding Company), Bharat Refrigerations Private Limited (Wholly Owned Subsidiary), and Icebest Private Limited (Subsidiary with 60% share)

Notes:

  • Figures for Q4 FY26 and Q4 FY25 are balancing figures between audited full year and published year-to-date figures up to Q3
  • Previous year figures have been regrouped/rearranged where necessary
  • Company is ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified