Ellenbarrie Industrial Gases Limited has successfully commissioned a 325 Tons per day (TPD) Air Separation Unit (ASU) at Durgapur, West Bengal. The facility, built under a long-term onsite agreement, begins generating revenue from September 2026, strengthening the company's presence in Eastern India.

The unit was established to supply industrial gases to Jai Balaji Industries Limited. This development follows a 15-year onsite industrial gas supply agreement executed on February 14, 2025. Under the contract, Ellenbarrie owns and operates the plant located at the customer's manufacturing facility.

Contractual Structure and Revenue Visibility

The agreement features a take-or-pay type contractual structure, ensuring long-term recurring revenue visibility for the company. This model mitigates volume risk by guaranteeing a minimum offtake regardless of actual consumption levels by the customer. The commissioning marks the transition from capital expenditure to operational cash flow generation for this specific project.

Operational Details

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table outlines the key parameters of the newly commissioned unit:

Strategic Impact

The commissioning enhances Ellenbarrie's long-term onsite business portfolio. By securing a decade-and-a-half contract with a major steel player, the company locks in stable demand for its primary product line. The move aligns with its strategy to expand footprint in key industrial hubs like Eastern India, where steel and manufacturing demand remains robust.

The company confirmed that revenues from this plant will commence immediately following the September 2026 commissioning date. No prior intimation regarding the commencement date was required as the agreement was entered into before the listing of the company's equity shares on stock exchanges.

Ellenbarrie Industrial Gases has scheduled its 52nd Annual General Meeting for September 26, 2026. The event will be conducted via Video Conferencing or Other Audio Visual Means at 12:00 pm IST.

The company issued the notice on September 2, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The agenda includes ordinary and special business items relevant to shareholders.

Ordinary Business

Shareholders will consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026. This includes the reports of the Board of Directors and Auditors.

The meeting will also address the reappointment of Mr. Padam Kumar Agarwala as Managing Director. He retires by rotation and offers himself for reappointment under Section 152(6) of the Companies Act, 2013.

Special Business

The board seeks ratification for the remuneration of Cost Auditors M/s Datta Ghosh Bhattacharya & Associates. The approved fee is ₹1,00,000 plus applicable taxes for the financial year ending March 31, 2027. This aligns with Section 148(3) of the Companies Act, 2013.

Document Access

The Notice of the 52nd AGM and the Integrated Annual Report for FY26 are available on the company website. Electronic copies are being sent to members with registered email addresses via NSDL. Physical intimation with web links is dispatched to those without registered emails.