Indobell Insulations Ltd

Indobell Insulations Limited has announced securing a significant domestic order worth ₹5,10,00,000.00 for the supply of Thermal Insulations. The order has been placed by SKODA POWER PRIVATE LIMITED and is expected to be executed by September 15, 2026. Key terms include a 10% advance payment, with further payments tied to engineering drawings and delivery, and a balance against a Bank Guarantee. The company confirmed that promoters or their group entities have no interest in the awarding entity, and the transaction is not a related party transaction.

Indobell Insulations Limited has announced securing a new export order worth $82,170 USD for Steam Turbine Insulation - Blanket Thermal from GE Vernova Operations LLC, USA. The order is scheduled for execution by October 8, 2027. The terms include Net 150 monthly payments and FCA (Supplier Factory) Incoterms. This international business expansion is a positive development for the company, contributing to its order book and global reach.

Indobell Insulations Ltd has entered into a strategic partnership with RGBSI (Troy, MI USA and Bangalore, India) for a Digital Transformation Initiative. Indobell has implemented RGBSI’s Product Lifecycle Management (PLM) and Enterprise Quality Lifecycle Management (eQLM) platform to create a unified digital ecosystem across its operations. This implementation integrates various functions, including Engineering, Manufacturing, Quality, Compliance, and Supply Chain, through a centralized platform, enhancing collaboration, real-time visibility, and data management.

Indobell Insulations Ltd. has granted 1,85,000 stock options to identified employees under the 'Indobell Insulations Ltd. Employee Stock Option Plan 2025'. The options were approved by the Nomination and Remuneration Committee at a meeting held on May 22, 2026. Each option has an exercise price of ₹20, and can be exercised within one year from the vesting date. The options will vest between one and three years from the grant date. The face value of each share is ₹10.

Indobell Insulations Ltd. announced the appointment of Mr. Varikallu Kondala Rao, General Manager (Projects), to the Senior Management category, effective May 22, 2026, as per Section 178 of the Companies Act, 2013. This decision was made during a Board of Directors meeting where the audited financial results for the half-year and year ended March 31, 2026, were also approved. Additionally, Mr. Mayank Burman was appointed as the CEO of the Company w.e.f. 1st June 2026.

Indobell Insulations Ltd's board reappointed M/s. Basu Chatterjea & Co. as Internal Auditors until May 30, 2027. The board approved the audited financial results for the half-year and year ended March 31, 2026, with no dividend declared for FY 2025-2026. Mr. Mayank Burman was appointed as CEO effective June 1, 2026. The board also confirmed no deviation in the utilization of proceeds from the public issue. For the year ended March 31, 2026, revenue from operations was ₹2572.91 Lakhs.

Indobell Insulations Ltd's board approved the audited financial results for the half year and year ended March 31, 2026, with no dividend declared for FY 2025-2026. The company reported revenue from operations of ₹2572.91 Lakhs for the year ended March 31, 2026. Key management changes include the appointment of Mr. Mayank Burman as CEO effective June 1, 2026, and the inclusion of Mr. Varikallu Kondala Rao as Sr. Management. There was no deviation or variation in the utilization of proceeds from the Public Issue.

Indobell Insulations Ltd's board approved the audited financial results for the half year and year ended March 31, 2026. The board decided against dividend payment for FY 2025-2026. Mr. Varikallu Kondala Rao was categorized as Sr. Management. M/s. Basu Chatterjea & Co. were reappointed as Internal Auditors until May 30, 2027. Mr. Mayank Burman was appointed as CEO effective June 1, 2026. The company confirms no deviation in the utilization of proceeds from the Public Issue.

Indobell Insulations Ltd has announced that no dividend will be paid for the financial year 2025-2026. This decision was made during a Board of Directors meeting held on May 22, 2026, where the audited financial results for the half-year and year ended March 31, 2026, were also approved. Additionally, Mr. Mayank Burman was appointed as the CEO of the company effective June 1, 2026.

Indobell Insulations Ltd announced the appointment of Mr. Mayank Burman as CEO, effective June 1, 2026. The company's board of directors approved the audited financial results for the half year and year ended March 31, 2026, with no dividend declared for FY 2025-2026. Additionally, Mr. Varikallu Kondala Rao was categorized under Sr. Management, and M/s. Basu Chatterjea & Co. were reappointed as Internal Auditors until May 30, 2027. The board confirmed no deviation in the utilization of proceeds from the public issue.