Board Meeting Details
The Board meeting commenced at 3:00 PM and concluded at 4:30 PM on November 13, 2026.
Key Decisions Approved
1. Unaudited Financial Results: Approval of unaudited financial results (standalone and consolidated) for the quarter and half-year ended September 30, 2026. The results were reviewed by the Audit Committee and include Limited Review Reports from auditors G.P. Agrawal & Co.
2. Re-appointment of Director: Re-appointment of Ms. Jayanthi Talluri (DIN: 09272993) as a Non-Executive Independent Director for a second term of 5 consecutive years commencing from January 27, 2027, subject to shareholder approval.
Financial Results Overview (₹ in Lakhs)
Standalone Performance:
- Q2 FY27 Revenue from operations: ₹7,678
- Q2 FY27 Other income: ₹(2,086) (negative primarily due to unrealized MTM losses on FVTPL financial assets)
- Q2 FY27 Total income: ₹5,592
- Q2 FY27 Profit before tax: ₹(140)
- Q2 FY27 Profit after tax: ₹(120)
- Q2 FY27 Basic EPS: ₹(0.19)
Consolidated Performance:
- Q2 FY27 Revenue from operations: ₹8,242
- Q2 FY27 Other income: ₹(2,078)
- Q2 FY27 Total income: ₹6,164
- Q2 FY27 Profit before tax: ₹(86)
- Q2 FY27 Profit after tax: ₹(69)
- Q2 FY27 Basic EPS: ₹(0.11)
Half-Year FY27 Performance (Standalone):
- Revenue: ₹11,458
- Profit after tax: ₹11,902
- Basic EPS: ₹18.66
Half-Year FY27 Performance (Consolidated):
- Revenue: ₹11,774
- Profit after tax: ₹11,913
- Basic EPS: ₹18.68
Segment-wise Performance (Consolidated Q2 FY27)
- Conveyor Belts: Revenue ₹6,966; Segment result ₹2,443
- Wind Energy: Revenue ₹69; Segment result ₹41
- Trading Goods: Revenue ₹1,201; Segment result ₹(34)
- Investment: Segment result ₹(2,267)
Director Profile
Ms. Jayanthi Talluri is a seasoned legal professional with over 28 years of experience, IICA Certified Independent Director, Managing Director at Talluri Law Consultancy Private Limited, with expertise in Healthcare, IT & ITES, Real Estate, Infrastructure, Aviation, and domestic/family disputes. She holds certifications as an IIAM Certified International Business Negotiator and Six Sigma Green Belt in Contract Management. Alumnus of National Law School of India University, Bangalore. Also serves as POSH Consultant and qualified Insolvency Professional.
Subsidiary Information
The consolidated results include four subsidiaries:
1. International Belting Limited
2. Conveyors Holdings Pte Limited
3. International Conveyors America Limited, INC
4. International Conveyors Australia PTY LTD
Auditor's Qualification
The review report notes that two subsidiaries with total assets of ₹21 lakh as at September 30, 2026, and revenue of ₹31 lakh (quarter) and ₹143 lakh (half-year) with losses of ₹32 lakh (quarter) and ₹39 lakh (half-year) were not reviewed by their auditors. However, management considers these immaterial to the Group.
Capital Structure
Paid-up equity share capital remains at ₹638 lakh (face value ₹1 per share) for both standalone and consolidated entities.