Board Meeting Details

The meeting commenced at 8:00 PM IST and concluded at 9:15 PM IST on August 17, 2026.

Key Decisions Approved

1. Approval of Financial Results

  • The Board approved the Un-audited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2026.
  • The financial results were reviewed by the statutory auditors, M/s. Suri & Co., who issued a limited review report.
  • The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and SEBI Listing Regulations.

2. Appointment of Secretarial Auditor

  • The Board appointed M/s. SNM & Associates, Practicing Company Secretaries (Peer Review No. 1603/2021), as Secretarial Auditor for a term of 5 consecutive years from financial year 2026-27 to 2030-31.
  • The appointment is subject to approval by members at the ensuing Annual General Meeting.
  • The firm is proprietored by Mr. Surjya Narayan Mishra, Practicing Company Secretary (C.P. No. 4684).

3. Ratification of ESOP Plan

  • The Board ratified the INDO-MIM Employees Stock Option Plan, 2024 (ESOP 2024), subject to approval by members at the ensuing Annual General Meeting.

4. Approval of AGM Notice

  • The Board approved the notice for calling the 30th Annual General Meeting (AGM) for the financial year ended March 31, 2026.

Financial Results Highlights

Standalone Results (INR million)

  • Revenue from operations: ₹10,031.10 (Q1 FY27) vs ₹9,720.53 (Q1 FY26)
  • Other income: ₹27.27 (Q1 FY27) vs ₹109.83 (Q1 FY26)
  • Total Income: ₹10,058.37 (Q1 FY27) vs ₹9,830.36 (Q1 FY26)
  • Profit before tax: ₹3,007.61 (Q1 FY27) vs ₹2,392.08 (Q1 FY26)
  • Tax expense: ₹775.91 (Q1 FY27) vs ₹584.71 (Q1 FY26)
  • Profit for the period: ₹2,231.70 (Q1 FY27) vs ₹1,807.37 (Q1 FY26)
  • Earnings per share (Basic): ₹4.61 (Q1 FY27) vs ₹3.75 (Q1 FY26)
  • Earnings per share (Diluted): ₹4.53 (Q1 FY27) vs ₹3.67 (Q1 FY26)

Consolidated Results (INR million)

  • Revenue from operations: ₹12,187.42 (Q1 FY27) vs ₹11,140.98 (Q1 FY26)
  • Other income: ₹32.05 (Q1 FY27) vs ₹130.72 (Q1 FY26)
  • Total Income: ₹12,219.47 (Q1 FY27) vs ₹11,271.70 (Q1 FY26)
  • Profit before tax: ₹3,252.85 (Q1 FY27) vs ₹2,454.49 (Q1 FY26)
  • Tax expense: ₹851.63 (Q1 FY27) vs ₹630.39 (Q1 FY26)
  • Profit for the period: ₹2,401.22 (Q1 FY27) vs ₹1,824.10 (Q1 FY26)
  • Earnings per share (Basic): ₹4.96 (Q1 FY27) vs ₹3.78 (Q1 FY26)
  • Earnings per share (Diluted): ₹4.87 (Q1 FY27) vs ₹3.70 (Q1 FY26)

Subsidiary Information

The consolidated results include the following subsidiaries:

  • Triax Industries, LLC, USA (Wholly Owned Subsidiary)
  • Indo-MIM, Inc, USA (including INDO-MIM México, S. de R.L. de C.V., step down subsidiary) (Wholly Owned Subsidiary)
  • Conway Marsh Garrett Technologies Limited, UK (Wholly Owned Subsidiary)
  • Phoenix DeVentures II. Inc, USA (Wholly Owned Subsidiary)
  • INDO-MIM Arms Components Private Limited, India (Wholly Owned Subsidiary)

The financial results of 5 subsidiaries (total revenue ₹2,753.12 million, net profit ₹23.19 million for Q1 FY27) were reviewed by other auditors.

Additional Information

  • The company completed its Initial Public Offering (IPO) comprising offer for sale of 68,291,022 shares and fresh issue of 10,327,835 equity shares of face value ₹1 each at an issue price of ₹485 per share.
  • Equity shares were listed on BSE Limited and National Stock Exchange of India Limited on July 30, 2026.
  • During the quarter, the company paid an aggregate dividend of ₹6.80 per equity share (680%), comprising:
  • 1st Interim Dividend: ₹3.50 per share (cash outflow: ₹1,694.54 million)
  • 2nd Interim Dividend: ₹3.30 per share (cash outflow: ₹1,597.71 million)
  • The company is primarily engaged in manufacturing of engineering components including Metal Injection Moulding (MIM), investment casting, precision machining, electronic component manufacturing, and 3D printing.
  • There are no separate reportable segments as per Ind AS 108.