Financial Results Approval
The Board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. The results were reviewed by the audit committee and approved by the Board.
Standalone Financial Performance (Q1 FY27)
- Net Sales/Income from Operations: ₹3,780 lakhs (Q1 FY26: ₹3,353 lakhs; Q4 FY26: ₹9,583 lakhs)
- Profit Before Tax: ₹15,222 lakhs (Q1 FY26: ₹6,916 lakhs; Q4 FY26: ₹703 lakhs)
- Segment Revenue Breakdown:
- Conveyor Belts: ₹3,549 lakhs
- Wind Energy: ₹59 lakhs
- Trading Goods: ₹168 lakhs
- Unallocated: ₹11 lakhs
- Segment Result (Profit before Tax & Interest):
- Conveyor Belts: ₹986 lakhs
- Wind Energy: ₹30 lakhs
- Trading Goods: ₹131 lakhs
- Investment: ₹14,339 lakhs (includes ₹142.80 lakhs profit on investment, with ₹141.58 lakhs attributable to mark-to-market adjustments as per Ind AS 109)
Consolidated Financial Performance (Q1 FY27)
- Net Sales/Income from Operations: ₹3,532 lakhs (Q1 FY26: ₹3,546 lakhs; Q4 FY26: ₹9,703 lakhs)
- Profit Before Tax: ₹15,185 lakhs (Q1 FY26: ₹6,906 lakhs; Q4 FY26: ₹594 lakhs)
Board Decisions and Corporate Governance
1. Re-appointment of Director: Approved re-appointment of Shri Sunit Mehra (DIN: 00359482) as Non-Executive Independent Director for a second term of five consecutive years commencing September 25, 2026, subject to shareholder approval at the ensuing AGM. Shri Mehra specializes in corporate governance and is not related to any directors/KMPs.
2. Annual General Meeting: Approved documents for the 53rd AGM including Directors' Report and Notice. The 53rd AGM will be held on Thursday, September 24, 2026, at 2:00 PM at the Registered Office in Falta SEZ, West Bengal.
3. Dividend Timeline:
- Register of Members & Share Transfer Books will remain closed from September 18, 2026 to September 24, 2026 (both days inclusive)
- Cut-off date for e-voting entitlement: September 17, 2026
- Dividend payment (if declared) will be made on or after September 29, 2026 to shareholders on record as of September 17, 2026
4. Promoter Reclassification: The Board approved a request dated August 14, 2026 from promoters Ms. Pushpa Bagla and Ms. Smiti Somany seeking reclassification from 'Promoter and Promoter Group' category to 'Public' category under Regulation 31A of SEBI LODR Regulations, subject to compliance with regulatory requirements including shareholder approval.
Auditor Review
G.P. Agrawal & Co., Chartered Accountants (Firm Regn. No. 302082E) issued limited review reports for both standalone and consolidated financial results, stating nothing came to their attention suggesting material misstatement. The consolidated review noted that two subsidiaries' interim results (reflecting total revenues of ₹112.47 lakhs and loss after tax of ₹6.51 lakhs) were not reviewed by their auditors but were not material to the Group.
Subsidiary Information
The Group consists of the following subsidiaries:
- International Belting Limited (India)
- Conveyors Holdings Pte Limited
- International Conveyors America Limited, INC (USA)
- International Conveyors Australia PTY LTD (Australia)
The company has no associates or joint ventures.