Ellenbarrie Industrial Gases Limited has received a confirmation certificate from its registrar and share transfer agent regarding compliance with SEBI depositories regulations for the quarter ended March 31, 2026.

SEBI Compliance Confirmation

The company received a certificate dated April 04, 2026, from KFin Technologies Limited, confirming compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018. The certificate covers the period from January 01, 2026, to March 31, 2026.

Certificate Details

According to the certificate issued by KFin Technologies Limited, no requests for dematerialisation or rematerialisation of shares were received during the specified quarter. The certificate was signed by Kishore B, Senior Manager at KFin Technologies Limited, and bears the reference number KFIN/KVSG/EBIG/74(5) E/1.

Regulatory Communication

Ellenbarrie Industrial Gases informed both the National Stock Exchange of India Limited and BSE Limited about the compliance certificate through a formal communication dated April 15, 2026. The notification was signed by Aditya Keshri, Company Secretary and Compliance Officer, who holds membership number A73390.

The company has also disseminated this information on its official website as part of its transparency and disclosure obligations. This compliance certificate demonstrates the company's adherence to SEBI regulations governing depositories and participants, ensuring proper maintenance of shareholder records and transaction processes.

Ellenbarrie Industrial Gases Limited has released the official transcript of its Q3FY26 earnings conference call held on February 03, 2026, providing detailed insights into the company's quarterly performance, operational challenges, and strategic outlook. The call was hosted by Raadhi Capital and featured key management personnel discussing the mixed financial results and future expansion plans.

Management Commentary on Q3FY26 Performance

Chairman and Managing Director Padam Kumar Agarwala acknowledged that while year-on-year numbers showed healthy growth, Q3FY26 was a challenging quarter sequentially. The company reported revenue from operations of ₹813 million with total income reaching ₹974 million, but faced margin pressures due to specific market conditions.

The management identified two primary factors impacting quarterly performance: low argon realizations due to steel sector softness and oversupply from captive gas plants operated by steel manufacturers, and elevated other expenses driven by certain one-off costs.

Operational Updates and Capacity Expansion

Joint Managing Director Varun Agarwal provided updates on the company's expansion initiatives, confirming the successful commissioning of the Uluberia-II merchant plant in West Bengal with a capacity of 220 TPD. The management expects an 85% capacity utilization within 18 months from startup, with ramp-up proceeding well.

The company maintains its disciplined capital allocation approach with capex guidance of ₹2,500 million in FY26 and ₹2,000 million in FY27, while operating with a strong balance sheet and net cash position of ₹3,550 million.

Market Dynamics and Strategic Focus

During the earnings call, management discussed the evolving gases industry landscape, noting a gradual shift in focus from metals to renewables, recycling, and green energy, though metals continue to have maximum bearing on the business. The company addressed argon pricing challenges, with prices declining by more than 25% during the quarter, though management expects normalization as macro conditions improve.

Solar and Specialty Gases Expansion

The management provided insights into the company's diversification strategy, particularly in solar and specialty gases. Varun Agarwal confirmed that the company has signed contracts with a couple of solar companies and is actively working with several more, expecting to conclude additional contracts in coming quarters. The western region facility will integrate high purity oxygen and nitrogen production with a warehouse and bottling station for specialty gases.

Forward Guidance and Outlook

Management reaffirmed its long-term revenue growth guidance of 20-25% CAGR, acknowledging that growth tends to be lumpy with step changes occurring as new capacities become operational. The company expects Q4FY26 to perform better than Q3FY26, driven by the impact of newly commissioned capacity.

The earnings call transcript has been made available on the company's website and disseminated to stock exchanges in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as confirmed by Company Secretary Aditya Keshri.