Promoters of ellenbarrie industrial gases Limited held 10,87,39,350 equity shares as on March 31, 2026. The disclosure confirms the shareholding status for the financial year ended March 31, 2026, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The filing confirms that the promoters and promoter group did not create any encumbrance on shares, directly or indirectly, during FY26.

The submission was made by Mr. Padam Kumar Agarwala, Promoter of the Company, on behalf of all promoters, members of the promoter group, and Persons Acting in Concert (PACs). The letter was addressed to the National Stock Exchange of India Limited and BSE Limited. Aditya Keshri, Company Secretary and Compliance Officer, submitted the disclosure to the exchanges on April 07, 2026.

Promoter and Group Entities

The disclosure lists the entities comprising the promoter and promoter group. The table below details the names and categories of the shareholders included in the filing.

Ellenbarrie Industrial Gases has released the transcript of its earnings conference call for the fourth quarter and financial year ended March 31, 2026. The call, held on May 25, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015, highlighted a 14.2% growth in the core gases segment for FY26 compared to FY25. Management attributed the performance to high utilization levels and the commissioning of new plants, while addressing one-off costs that impacted reported Q4 profitability.

Financial Performance and Margins

The company reported that its gases segment EBITDA margins stood at 38.4% for FY26, an increase of 500 basis points from the previous year. For Q4FY26, the segment margin reached 40% on an adjusted basis. The reported Q4 EBITDA was ₹260 million with a margin of 30%, impacted by three non-recurring items aggregating ₹46 million. These included a one-time provisioning for employee leave encashment of ₹11 million, an impairment on a legacy non-core investment, and a one-time settlement of ₹15 million with an on-site customer regarding a plant start-up date.

Capacity Expansion and Guidance

Ellenbarrie outlined its capacity expansion strategy to drive future growth. The company currently operates 911 TPD of Bulk capacity and 698 TPD of Onsite capacity. Management targets increasing Bulk capacity to 1,131 TPD and Onsite capacity to approximately 1,018 TPD over the next 12 months. The newly commissioned Uluberia 2 merchant plant (220 TPD) is ramping up, and a new 320 TPD on-site plant in East India is expected to be operational next month. Further expansion includes new merchant plants in North India and West/Central India scheduled for FY27 and FY28.

Strategic Outlook and Cost Management

Management reiterated its long-term target of a 20% revenue CAGR and a 40% EBITDA margin. Key drivers include operating leverage from new capacity, recovering argon prices, and improved power economics. The company is actively shifting towards renewable energy to reduce costs, having signed a 25-year Power Purchase Agreement (PPA) for a wind-solar hybrid plant. Grid pricing is approximately 50-60% higher than PPA pricing, and the company aims to secure similar PPAs for other plants to enhance margins.