IGC Industries Limited

Board Meeting Details

The Board of Directors meeting was held on October 13, 2026, at the Registered Office of the Company from 03:30 P.M. to 04:30 P.M. The Board approved the unaudited financial results for the half year and quarter ended September 30, 2026, along with the Limited Review Report issued by the Statutory Auditors.

Financial Results Summary (Rupees in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: Not quantifiable (N)
  • Total expenses: ₹558.05
  • Other income: ₹5
  • Profit/(Loss) before tax: (₹555.05)
  • Tax expense: N
  • Net Profit/(Loss) after tax: (₹555.05)
  • Earnings Per Share (Basic): Not quantifiable
  • Earnings Per Share (Diluted): (₹1.61)

Half Year Ended September 30, 2026:

  • Revenue from operations: Not quantifiable (N)
  • Total expenses: ₹2,020.09
  • Other income: ₹0.00
  • Profit/(Loss) before tax: (₹2,020.09)
  • Tax expense: N
  • Net Profit/(Loss) after tax: (₹2,020.09)
  • Earnings Per Share (Basic): (₹5.82)
  • Earnings Per Share (Diluted): (₹5.82)

Comparative Figures (Quarter Ended June 30, 2026):

  • Net Profit/(Loss): (₹1,462.00)

Year Ended March 31, 2026 (Audited):

  • Net Profit/(Loss): (₹202.97)

Capital Structure

  • Paid-up Equity Share Capital: ₹3,472.00 lakhs (consistent across all periods)
  • Reserves (excluding Revaluation Reserve) as per previous accounting year: Not disclosed
  • Other Equity as of September 30, 2026: Negative ₹(3,346.76) lakhs
  • Other Equity as of March 31, 2026: Negative ₹(1,326.67) lakhs

Balance Sheet Position (as at September 30, 2026)

Total Assets: ₹176.89 lakhs

  • Financial Assets: ₹0.00
  • Trade Receivables: ₹0.02 lakhs
  • Cash and Cash Equivalents: ₹0.39 lakhs
  • Bank Balances: ₹167.22 lakhs
  • Other current assets: ₹8.49 lakhs

Total Liabilities: ₹176.89 lakhs

  • Equity Share Capital: ₹3,472.00 lakhs
  • Other Equity: Negative ₹(3,346.76) lakhs
  • Deferred tax liabilities: ₹213 lakhs
  • Trade Payables: ₹1.14 lakhs
  • Other current liabilities: ₹37.50 lakhs
  • Provisions: ₹10.87 lakhs

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: (₹75.41) lakhs
  • Net cash used in investing activities: (₹75.27) lakhs
  • Net cash from financing activities: ₹0.00
  • Net decrease in cash and cash equivalents: (₹1.36) lakhs
  • Cash and cash equivalents at beginning of year: ₹1.77 lakhs
  • Cash and cash equivalents at end of period: ₹0.41 lakhs

Auditor's Review

Sarang Shivajirao Chavan and Associates, Chartered Accountants, conducted a limited review of the financial results and issued an unqualified report. The auditors confirmed that the financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and comply with Regulation 33 of SEBI LODR Regulations. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Additional Notes

1. The financial results have been reviewed by the Audit Committee and approved by the Board of Directors.

2. Prepared in accordance with Indian Accounting Standards (IND AS) prescribed under Section 133 of the Companies Act, 2013.

3. Segment reporting under IND AS is not applicable as the company operates in a single segment.

4. Previous year/quarter figures have been regrouped/recasted wherever necessary.

5. The full format of unaudited financial results is available on stock exchange websites and the company's website.