Carborundum Universal Limited's Board of Directors met on May 14, 2026 and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s. Price Waterhouse Chartered Accountants LLP, issued an unmodified opinion on both the standalone and consolidated financial results for the financial year ended March 31, 2026.

Standalone Financial Performance

Standalone sales for FY26 were at Rs. 3024 Crores, denoting a growth of 8.6 percent over the previous year. Growth was led by Electrominerals, which grew by 11.1 percent, while Ceramics and Abrasives segments recorded 6.5 percent and 6.2 percent growth respectively. For Q4FY26, standalone sales were at Rs. 845 Crores, marking a growth of 23.0 percent over Q4FY25, with Electrominerals growing 22.3 percent, Ceramics 21.7 percent, and Abrasives 21.5 percent. Standalone profit after tax on a full-year basis was Rs. 416 Crores as against Rs. 322 Crores last year, while standalone profit after tax for Q4FY26 was Rs. 122 Crores as against Rs. 61 Crores last year.

The following table summarises key standalone financial metrics (Rs. in Lakhs):

Consolidated Financial Performance

Consolidated sales for FY26 were at Rs. 5149 Crores, representing a growth of 6.5 percent over the previous year, driven by Ceramics at 9.3 percent, Abrasives at 5.1 percent, and Electrominerals at 3.7 percent. For Q4FY26, consolidated sales were at Rs. 1383 Crores, a growth of 15.4 percent over Q4FY25, with Ceramics growing 18.6 percent, Electrominerals 14.0 percent, and Abrasives 13.4 percent. Consolidated profit after tax and non-controlling interest for FY26 was Rs. 195 Crores, compared to Rs. 293 Crores in the previous year, impacted by exceptional items. On a quarterly basis, Q4FY26 recorded a consolidated net loss of Rs. 176 Crores against a net profit of Rs. 291 Crores in Q4FY25, reflecting the impact of exceptional charges during the quarter.

Key consolidated financial metrics are presented below (Rs. in Lakhs):

Exceptional Items and Subsidiary Developments

In FY26, the CUMI group recorded exceptional items before tax of Rs. 135 Crores. These comprised:

• CUMI Awuko Abrasives GmbH (CAAG), Germany: Rs. 119 Crores relating to write-down of various assets and recognition of restructuring costs, following the Board of CUMI International Limited, Cyprus approving the initiation of voluntary winding-up of CAAG on March 30, 2026, due to continued underperformance and mounting losses.
• Foskor Zirconia (Pty) Ltd (FZL), South Africa: Rs. 16 Crores relating to write-down of various assets to realisable value, after the Board of FZL concluded on May 13, 2026 that continuation of operations was not viable given sustained losses, escalating input costs, and prevailing market conditions.

Additionally, the geo-political situation continues to present an uncertain environment for Volzhsky Abrasive Works (VAW), Russia, which was added to the US Department of Treasury's OFAC Specially Designated Nationals and Blocked Persons List. Cash and cash equivalents of VAW amounting to Rs. 29,711 lakhs are not available for use by other entities within the Group due to temporary repatriation restrictions. No additional impairment was deemed necessary for VAW in the current year beyond the Rs. 10,413 lakhs recognised in the previous year.

Segment-wise Performance

The consolidated segment-wise revenue and profit before finance costs and tax (PBIT) for FY26 are summarised below (Rs. in Crores):

• Electrominerals: Standalone sales of Rs. 906 Crores grew by 11.1 percent, driven by strong export growth to European markets and an increased share of high-margin, value-added products. Consolidated growth was softer due to the higher base of the previous year, when VAW had three quarters of normal sales prior to US sanctions.
• Ceramics: Standalone sales of Rs. 1000 Crores grew 6.5 percent, led by the Engineered Ceramics and Refractories segments. Standalone profits were softer due to deferment of domestic projects in the first half and tariff-related uncertainties in American markets.
• Abrasives: Standalone sales of Rs. 1270 Crores grew 6.2 percent, with broad-based growth across Retail, Industrial, and Precision segments. Standalone PBIT was almost flat at Rs. 194 Crores.

Capital Expenditure, Cash Flows, and Balance Sheet

Capital expenditure for FY26 was Rs. 309 Crores at the consolidated level, compared to Rs. 282 Crores in the previous year. Free Cash Flow to PAT on a full-year consolidated basis was 56.6 percent, compared to 16.1 percent last year. On a standalone basis, Free Cash Flow to PAT was 46.5 percent, compared to 13.9 percent last year. The debt equity ratio at the consolidated level stood at 0.08. Consolidated total assets as at March 31, 2026 were Rs. 5,29,055 lakhs, compared to Rs. 4,64,328 lakhs as at March 31, 2025.

Dividend and Annual General Meeting

The Board of Directors recommended a final dividend of Rs. 2.50 per share (250% on face value of Re. 1 per share) for FY26. An interim dividend of Rs. 1.50 per share was declared at the Board meeting held on January 29, 2026 and has been paid. The total dividend for FY26 thus aggregates to Rs. 4.00 per share (400% on face value of Re. 1 per share), the same as the total dividend paid in the previous year. The Record Date for the final dividend is Friday, July 31, 2026, and the 72nd Annual General Meeting is scheduled for Friday, August 7, 2026. Subject to shareholder approval, the final dividend is expected to be credited electronically to eligible shareholders by Tuesday, August 18, 2026.

Carborundum Universal Limited has published newspaper advertisements in 'Business Standard' (English) and 'Makkal Kural' (Tamil) on 5th May 2026, notifying shareholders of two important investor-related developments: the opening of a special window for physical share transfer and dematerialisation, and the launch of the second phase of the Investor Education and Protection Fund (IEPF) Authority's 100-day campaign.

Special Window for Transfer and Dematerialisation of Physical Shares

The Securities and Exchange Board of India (SEBI) had discontinued the transfer of shares in physical form from 1st April 2019. A prior special window was permitted from 7th July 2025 to 6th January 2026 for re-lodgement of physical share transfer requests that were submitted before 1st April 2019 but returned due to documentation deficiencies.

Pursuant to a SEBI circular dated 30th January 2026, another special window has now been permitted for a period of one year — from 5th February 2026 to 4th February 2027 — for re-lodgement of transfer and dematerialisation of physical shares. This facility is available to investors who had purchased, held, or acquired shares of Carborundum Universal Limited in physical form prior to 1st April 2019.

The eligibility criteria for shareholders wishing to avail this window are outlined below:

The following cases will not be considered under this window:

• Cases involving disputes between transferor and transferee
• Shares which have been transferred to the Investor Education and Protection Fund (IEPF)

Process and Requirements

Eligible shareholders may submit their transfer requests along with the requisite documents to the Company's Registrar and Transfer Agent (RTA), KFin Technologies Limited, at Selenium Building, Tower-B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana – 500032, or via email at einward.ris@kfinitech.com . Shareholders may also contact the Company directly at investorservices@cumi.murugappa.com .

All transfer requests duly rectified and re-lodged during the window period will be processed through the transfer-cum-demat mode, meaning shares will be issued only in dematerialised form after approval of the transfer. Transferred shares will be subject to a lock-in period of one year. Shareholders availing this facility must therefore hold a demat account and provide the Client Master List along with transfer documents, original share certificate(s), and other necessary documents as specified in the SEBI circular.

IEPF 100-Day 'Saksham Niveshak' Campaign — Second Phase

Pursuant to communication received from the IEPF Authority, Carborundum Universal Limited has also informed shareholders about the second phase of the 100-day 'Saksham Niveshak' campaign, running from 1st April 2026 to 9th July 2026. The campaign has been launched to facilitate direct payment of unclaimed or unpaid dividends, subject to submission of requisite documents and updation of KYC details, with the aim of preventing transfer of such amounts and shares to the IEPF Authority.

Key details of the campaign are summarised below:

The campaign encourages shareholders to update their KYC details, bank account particulars, and contact information. All shareholders whose dividends for financial years commencing from FY 2018-19 onwards remain unclaimed or unpaid are requested to immediately contact the Company or its RTA to complete the requisite formalities and enable direct release of dividends.

Contact Details for Shareholder Assistance

Shareholders seeking further assistance may reach out through the following channels:

• RTA: KFin Technologies Limited, Mr. S R Ramesh, Deputy Vice President, Selenium Building, Tower-B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana – 500032
• Email (RTA): einward.ris@kfinitech.com
• Company Email: investorservices@cumi.murugappa.com
• Company Website: https://www.cumi-murugappa.com/part-4-investor-services/

The notices were signed by Rekha Surendhiran, Company Secretary, Carborundum Universal Limited, and dated 5th May 2026 from Chennai.