Carborundum Universal Limited has submitted its Annual Report for the financial year ended March 31, 2026 and issued the notice convening its 72nd Annual General Meeting (AGM) to be held on Friday, August 7, 2026 at 3:00 p.m. IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The company reported a 9% increase in standalone revenue to ₹30,244 million for FY26, driven by growth across its Abrasives, Ceramics, and Electrominerals segments. The Board has recommended a final dividend of ₹2.50 per equity share, taking the total dividend for the year to ₹4.00 per share.

Financial Performance: Steady Growth Across Segments

The company delivered a resilient performance in FY 2025-26 amid a challenging global operating environment. The following table summarises key standalone and consolidated financial highlights:

On a standalone basis, all three business segments recorded growth:

On a consolidated basis, segment performance was as follows:

The company maintained a net debt-free standalone position and generated healthy free cash flows during the year. Consolidated capital expenditure stood at ₹3,094 million and standalone capital expenditure at ₹2,352 million, representing the company's highest-ever capex programme, directed towards Thin Wheels production in Abrasives, ceramics for Semiconductor Equipment and Aerospace & Defence applications in Industrial Ceramics, Fused Alumina capacity expansion, and materials for Solid Oxide Fuel Cells in Electrominerals.

Dividend and Share Capital

The Board of Directors has recommended a final dividend of ₹2.50 per equity share of ₹1 each for FY 2025-26, subject to shareholder approval at the AGM. An interim dividend of ₹1.50 per equity share of ₹1 each was declared in January 2026 and paid in February 2026. The aggregate dividend for FY 2025-26 accordingly amounts to ₹4.00 per equity share of ₹1 each, consistent with the aggregate dividend of ₹4.00 per equity share paid for FY 2024-25.

The record date for the final dividend is Friday, July 31, 2026. Subject to shareholder approval, the final dividend will be paid by Tuesday, August 18, 2026. The paid-up equity share capital as on March 31, 2026 stood at ₹190.49 million, with the Board resolving to transfer ₹500 million to the general reserve.

AGM Agenda: Key Resolutions

The 72nd AGM will transact the following businesses:

Ordinary Business:

• Adoption of Audited Standalone Financial Statements for the year ended March 31, 2026
• Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2026
• Declaration of final dividend of ₹2.50 per equity share of ₹1 each for FY 2025-26
• Re-appointment of Mr. Muthiah Murugappan (DIN: 07858587) as a Director liable to retire by rotation

Special Business:

• Approval for payment of commission to Mr. M M Murugappan, Non-Executive Chairman, for FY 2026-27 including commission for FY 2025-26, aggregating to a sum not exceeding ₹1,00,00,000 (Rupees One Crore only), excluding sitting fees
• Ratification of remuneration of ₹5,00,000 payable to M/s. S Mahadevan & Co (Firm registration no. 000007), Cost Accountants, Chennai, as Cost Auditor for FY 2026-27

Board and Governance Highlights

As at March 31, 2026, the Board comprised seven Directors, of which four are Independent Directors, two are Non-Executive Non-Independent Directors, and one is the Managing Director. During the year, Ambassador P. S. Raghavan, Non-Executive Independent Director, passed away on November 24, 2025. Ambassador D. B. Venkatesh Varma was subsequently appointed as a Non-Executive Independent Director with effect from March 4, 2026, with shareholder approval obtained through a postal ballot process concluded on April 15, 2026.

The company also noted that Mr. Sushil Kishor Bendale stepped down as Chief Financial Officer and Key Managerial Personnel with effect from September 26, 2025. The position remained vacant as at March 31, 2026, with the identification process for a suitable candidate ongoing.

The credit ratings of the Company — 'A1+' for short-term borrowings and 'AA+ Stable' for long-term borrowings — were re-affirmed by CRISIL during the year.

Subsidiary Performance and Strategic Actions

Key subsidiary highlights for FY 2025-26 include:

The Board of CUMI International Limited, Cyprus approved the initiation of voluntary winding-up of CUMI AWUKO Abrasives GmbH, Germany on March 30, 2026, following continued underperformance. The Board of Foskor Zirconia (Pty) Ltd, South Africa concluded on May 13, 2026 that the company is not in a position to continue operations. These developments resulted in an aggregate exceptional expense of ₹1,345.66 million in the consolidated financial statements, representing write-down of assets and recognition of restructuring costs.

AGM Logistics and E-Voting Details

Key details for the 72nd AGM and e-voting process are summarised below:

Members can access the Annual Report on the company's website at www.cumi-murugappa.com and on the NSDL e-voting website. AGM-related queries may be sent to investorservices@cumi.murugappa.com or evoting@nsdl.com prior to 5:00 p.m. IST on Tuesday, August 4, 2026.

The company has intimated that advertisements regarding the Notice of the 72nd AGM and the Annual Report for FY 2025-26 were published on July 17, 2026 in Business Standard (English) and Makkal Kural (Tamil). The documents were served to members electronically on July 16, 2026.

Carborundum Universal will convene its 72nd Annual General Meeting on August 7, 2026, through Video Conferencing and Other Audio Visual Means. The company has informed the exchanges that advertisements regarding the meeting were published in Business Standard and Makkal Kural on July 9, 2026. This disclosure is pursuant to the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting was initially intimated to the exchanges via a letter dated May 14, 2026. The company has now formally submitted the copies of the published advertisements to BSE Limited and the National Stock Exchange of India Ltd. as required by the relevant regulations and circulars issued by the Ministry of Corporate Affairs and SEBI.

The submission was made by Rekha Surendhiran, Company Secretary of Carborundum Universal Limited. The notice confirms that the meeting will be conducted entirely via remote means, adhering to the regulatory framework governing virtual general meetings.