1. Approval of Financial Results

  • The Board of Directors approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026.
  • The approval was based on recommendations of the Audit Committee and prepared in accordance with Regulation 33 of the SEBI LODR Regulations.
  • The Financial Results are accompanied by a Limited Review Report issued by S. Jaykishan & Co., Chartered Accountants, Statutory Auditors of the Company.
  • The results are enclosed as Annexure A to the filing.

2. Re-appointment of Chairman and Managing Director

  • The Board approved the re-appointment of Mr. Gaurav Swarup (DIN: 00374298) as Managing Director, designated as Chairman and Managing Director (Key Managerial Personnel) of the Company.
  • Appointment is for a period of five (5) years commencing from February 1, 2027 and ending on January 31, 2032.
  • Mr. Swarup is currently 69 years old (as of November 11, 2026) and will attain 70 years at the commencement of his proposed tenure.
  • The reappointment is subject to approval of members of the Company by way of a Special Resolution through Postal Ballot.
  • The Board noted that members had already approved continuation in office upon attaining 70 years at the Annual General Meeting held on August 20, 2026, pursuant to Section 196(3)(a) of Companies Act, 2013.
  • Mr. Gaurav Swarup and Mrs. Devina Swarup (his daughter and relative under Section 2(77)) abstained from voting on this resolution.

Profile of Mr. Gaurav Swarup

  • DIN: 00374298
  • Age: 69 years (as on 11.11.2026)
  • Date of Birth: 21/11/1956
  • Date of first appointment: 17/04/1990
  • Qualifications: Master of Business Administration from Harvard University, USA (1980); Bachelor of Engineering (Mechanical) from Jadavpur University, Calcutta (1978)
  • Shareholding: 3600 shares in Industrial and Prudential Investment Co. Limited

Directorship in Other Companies

Listed Companies:

  • Swadeshi Polytex Limited
  • Industrial and Prudential Investment Company Limited
  • Avadh Sugar & Energy Limited
  • KSB Limited
  • IFGL Refractories Limited

Unlisted Public:

  • Paharpur Cooling Towers Limited
  • TKIL Industries Pvt Ltd (deemed public)

Committee Memberships

KSB Limited:

  • Member - Audit Committee
  • Member - Stakeholders Relationship Committee

Avadh Sugar & Energy Limited:

  • Member - Stakeholders Relationship Committee

Board Meeting Attendance

Attended four (4) meetings during FY26-27: 03.04.2026, 22.05.2026, 06.08.2026, and 11.11.2026

3. Approval of Postal Ballot Notice

  • The Board approved issuance of Notice of Postal Ballot to members seeking approval for Mr. Swarup's re-appointment via special resolution.
  • The Board approved the schedule for conducting Postal Ballot through remote e-voting.
  • Mr. Mayur Mehta, Practising Company Secretary (Membership No. 3132), appointed as Scrutinizer for the Postal Ballot process.
  • Company Secretary authorized to take all necessary steps for finalization and issuance of Postal Ballot Notice.

Additional Information

  • The Board Meeting commenced at 02:00 PM (IST) and concluded at 04:30 PM (IST).
  • This intimation is available on the company website: www.industrialprudential.com.