Date: August 6, 2026

Board Meeting Outcomes

The Board of Directors meeting was held on August 6, 2026, from 3:00 PM to 3:32 PM. The Board considered and approved the un-audited Financial Results of the Company for the Quarter ended June 30, 2026, as recommended by the Audit Committee.

Financial Results (Standalone)

The unaudited financial results under Indian Accounting Standards (IND AS) for the quarter ended June 30, 2026 are as follows:

Income Statement Highlights (₹ in crore)

  • Total Income: ₹1,621.31 crore
  • Quarter ended June 30, 2025: ₹2,001.16 crore
  • Quarter ended March 31, 2026: ₹1,619.00 crore
  • Total Expenses: ₹362.47 crore
  • Employee benefits expense: ₹79.75 crore
  • Finance costs: ₹103.44 crore
  • Depreciation and amortization expense: ₹55.89 crore
  • Other expenses: ₹123.39 crore
  • Quarter ended June 30, 2025: ₹289.72 crore
  • Quarter ended March 31, 2026: ₹317.35 crore
  • Profit before exceptional items and tax: ₹1,258.84 crore
  • Quarter ended June 30, 2025: ₹1,711.44 crore
  • Quarter ended March 31, 2026: ₹1,301.65 crore
  • Exceptional items: None
  • Profit before tax: ₹1,258.84 crore
  • Tax expense: ₹383.63 crore
  • Current tax: ₹383.63 crore
  • Deferred tax: Not applicable
  • Income tax charge/(credit) for earlier years: Not applicable
  • Quarter ended June 30, 2025: ₹386.95 crore
  • Quarter ended March 31, 2026: ₹379.57 crore
  • Profit for the period: ₹875.21 crore
  • Quarter ended June 30, 2025: ₹1,324.49 crore
  • Quarter ended March 31, 2026: ₹922.08 crore
  • Other comprehensive income (OCI): ₹1,673.95 crore
  • Gain on remeasurement of defined benefit plans: ₹30.60 crore
  • Gain on change in fair value of investment in equity instruments carried at fair value through OCI: ₹1,923.40 crore
  • Deferred tax adjustment on revaluation: (₹280.05) crore
  • Quarter ended June 30, 2025: (₹7,983.74) crore
  • Quarter ended March 31, 2026: ₹2,101.17 crore
  • Total comprehensive income for the period: ₹2,549.16 crore
  • Quarter ended June 30, 2025: (₹6,659.25) crore
  • Quarter ended March 31, 2026: ₹3,023.25 crore

Balance Sheet & Capital Structure (₹ in crore)

  • Paid-up equity share capital: ₹1,323.77 crore (equity shares of ₹1 each)
  • Reserves excluding revaluation reserves: Not specified in current period

Earnings Per Share (₹)

  • Basic EPS: ₹0.66 (not annualized)
  • Diluted EPS: ₹0.66 (not annualized)
  • Quarter ended June 30, 2025: ₹1.00 basic and diluted
  • Quarter ended March 31, 2026: ₹0.70 basic and diluted

Operational & Segment Information

  • The company's operations predominantly comprise only one business segment: Income from lease of Plant to Apollo Tyres Ltd.

Notes to Financial Results

  • The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI Listing Regulations
  • Figures for quarter ended March 31, 2025, are balancing figures between audited full year figures and unaudited published year-to-date figures up to December 31, 2025
  • The company implemented applicable provisions of the Labour Codes (Code on Wages, 2019; Industrial Relations Code, 2020; Code on Social Security, 2020; and Occupational Safety, Health and Working Conditions Code, 2020) during the year ended March 31, 2026
  • Previous year's/period's figures have been regrouped/reclassified wherever necessary

Disclosure Compliance

  • The results were reviewed by the Audit Committee and approved by the Board of Directors on August 6, 2026
  • Published pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Extract of results with QR code to be published in newspapers as per Regulation 47
  • Results available on stock exchange websites (NSE, BSE) and company website