Ellenbarrie Industrial Gases Ltd held its 52nd Annual General Meeting on September 26, 2026, through Video Conferencing. The meeting focused on the adoption of audited financial statements for FY26 and the re-appointment of key leadership.

The proceedings commenced at 12:00 pm and concluded at 1:05 pm. Padam Kumar Agarwala, Chairman and Managing Director, presided over the session. Varun Agarwal, Joint Managing Director, addressed shareholders regarding the company's financial performance, outlook, and key developments during the fiscal year.

Resolutions and Appointments

Shareholders considered several agenda items categorized under ordinary and special business. The primary resolutions included:

• Adoption of the audited financial statement for the financial year ended March 31, 2026, along with reports from the Board of Directors and Auditors.
• Re-appointment of Padam Kumar Agarwala as Managing Director, who retired by rotation and offered himself for re-election.
• Ratification of the remuneration for Cost Auditors for the financial year ending March 31, 2027.

Voting Process and Compliance

The company facilitated remote e-voting from September 23 to September 25, 2026. Additionally, electronic voting was available during the live meeting for participants who had not voted remotely. Pawan Kumar Sarawagi served as the Scrutinizer to ensure a fair voting process.

Statutory Auditors from MSKA & Associates LLP and Secretarial Auditors from Shikha G & Associates attended the meeting. The reports from both auditors did not contain any qualification or adverse remarks, allowing them to be taken as read.

Board Attendance

The meeting saw attendance from several board members via digital platforms. Notable attendees included Ajit Khandelwal, Independent Director and Chairman of the Audit Committee, and Pawan Marda, Independent Director and Chairman of the Nomination and Remuneration Committee. Soumitra Bose, Non-executive Independent Director, also participated. Seema Sapru, Independent Director and Chairperson of the Corporate Social Responsibility Committee, was unable to attend.

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.