INDAG RUBBER LTD.-$

Indag Rubber Ltd has responded to a clarification sought by the BSE regarding a significant price movement in its shares. The company stated that it has complied with SEBI (LODR) Regulations, 2015, by intimating all applicable events and information, including price-sensitive information, within prescribed timelines. Indag Rubber Ltd confirmed no instances of delayed or unreported price-sensitive information. The company further stated that it is unaware of the specific reasons for the share price movement, attributing it to market-driven factors and general market conditions, and affirmed that the management is not connected to the price fluctuations.

Indag Rubber Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is effective from Wednesday, July 01, 2026, and will remain in effect until 48 hours after the declaration of the company's financial results for the quarter ending June 30, 2026. The specific date for the Board Meeting to approve these results will be communicated later. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, aimed at preventing potential insider trading.

Indag Rubber Limited has announced the date for its 47th Annual General Meeting (AGM) to be held on August 12, 2026, via Video Conferencing. The company also confirmed a proposed final dividend of ₹1.50 per equity share for the financial year 2025-26, subject to shareholder approval at the AGM. The record date for determining dividend entitlement is August 05, 2026, with the Register of Members and Share Transfer Books closed from August 06 to August 12, 2026. If approved, the dividend will be paid on or before September 10, 2026.

Indag Rubber Limited announced its audited financial results for Q4 and FY26 ending March 31, 2026. In Q4 FY26, total revenue grew 9.2% YoY to ₹63.16 Cr, with EBITDA increasing 81% YoY to ₹6.33 Cr and Profit After Tax more than doubling to ₹3.55 Cr. For the full fiscal year FY26, revenue was ₹224.81 Cr (down 5.1% YoY), but profitability improved significantly. FY26 EBITDA rose 36% YoY to ₹22.43 Cr, and PAT grew 47% YoY to ₹12.38 Cr. The company highlighted strong operating cash flow of ₹19.7 Cr in FY26, driven by improved profitability and working capital management. The Board recommended a final dividend of ₹1.5 per equity share, bringing the total for FY26 to ₹2.40 per share. The company also noted progress in its subsidiary, Millenium Manufacturing Systems, securing its first commercial serial order for power conversion systems.

Indag Rubber Limited's Board has approved a strategic investment of ₹2.30 Crores in its subsidiary, Millenium Manufacturing Systems Private Limited. This investment, to be completed by March 31, 2027, will be made through the acquisition and/or subscription of equity and/or preference shares, giving Indag Rubber 51% of the subsidiary's issued and paid-up share capital. The subsidiary operates in the green energy sector, manufacturing power conversion systems for battery energy storage and power electronics. This cash investment aims to support the subsidiary's business operations, growth plans, and funding requirements. The transaction is considered a related party transaction, conducted at arm's length.

Indag Rubber Limited's Board, following the Audit Committee's recommendation, has approved the appointment of M/s. Shome & Banerjee as Cost Auditors and M/s. Ernst & Young LLP as Internal Auditors for the Financial Year 2026-27. These appointments are effective from April 1, 2026. The remuneration for the Cost Auditors will be subject to approval by shareholders at the forthcoming Annual General Meeting. M/s. Shome & Banerjee bring 58 years of experience in cost audit and consultancy, while Ernst & Young LLP is a global firm specializing in risk consulting and operational efficiency.

The Board of Directors of 509162 (Indag Rubber Limited), in its meeting held on May 28, 2026, approved the re-appointment of Mr. Raj Kumar Agrawal (DIN: 00177578) as a Non-Executive Independent Director. This re-appointment is for a second term of five consecutive years, commencing from June 15, 2026, and concluding on June 14, 2031. The re-appointment is contingent upon the approval of the company's members at the forthcoming Annual General Meeting. Mr. Agrawal is a Chartered Accountant with over 43 years of experience at S. R. Batliboi & Co (an EY Member firm), specializing in accounting and advisory services. He has also contributed to the Accounting Standards Board and Audit & Assurance Standards Board of the ICAI.

Indag Rubber Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved these results on May 28, 2026. The accompanying Auditor's Report confirms a clean opinion, stating no modified opinion, qualification, reservation, or adverse remark. However, the auditors included an 'Emphasis of Matter' regarding the valuation of the company's investment in a Nigerian oil exploration company, noting that its fair value is subject to successful exploration and production, which is currently on hold due to government restrictions on gas flaring.

The Board of Directors has recommended a final dividend of 1.50 per equity share (face value 2 each) for the financial year 2025-2026. This is in addition to the 0.90 per equity share interim dividend already paid, bringing the total dividend for FY26 to 2.40 per share. The final dividend is contingent on shareholder approval at the upcoming Annual General Meeting (AGM) and will be disbursed within 30 days from the date of its approval. The specific dates for the AGM and the record date for dividend payment will be determined and disclosed to the stock exchange at a later time.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. A final dividend of ₹1.50 per equity share was recommended for FY2025-26, supplementing the ₹0.90 interim dividend already paid. The board also approved the appointment of M/s Shome & Banerjee as Cost Auditors and M/s Ernst & Young LLP as Internal Auditor for FY2026-27. Additionally, Mr. Raj Kumar Agrawal was re-appointed as an Independent Director, and investment in a subsidiary's share capital was approved.