Exxaro Tiles Limited held its Board of Directors meeting on May 5, 2026, commencing at 11:20 AM and concluding at 12:45 PM, wherein the board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, HB Kalaria and Associates (Firm Reg. No. 104571W), issued an unmodified audit opinion on both the standalone and consolidated annual financial results. The financial results were reviewed and recommended by the Audit Committee prior to being placed before the Board. Following the announcement, the company informed the exchanges that the Trading Window for dealing in the securities of the company shall be reopened after the expiry of forty-eight (48) hours from the announcement, in accordance with the company's Code of Conduct for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The intimation was signed by Mr. Mukeshkumar B. Patel, Managing Director, on May 5, 2026.

Standalone Financial Performance

On a standalone basis, Exxaro Tiles reported revenue from operations of ₹28,182.28 lakhs for the year ended March 31, 2026, compared to ₹29,963.42 lakhs in the previous year. Total income for the year stood at ₹28,253.14 lakhs against ₹30,069.95 lakhs in the prior year. The company recorded a profit before exceptional items and tax of ₹301.16 lakhs for the year, a significant improvement from ₹85.59 lakhs in the previous year. Net profit for the year from continuing operations stood at ₹210.58 lakhs, compared to a loss of ₹(78.26) lakhs in the previous year. Total comprehensive income for the year was ₹220.75 lakhs versus ₹(62.33) lakhs in the prior year.

The following table presents the key standalone financial results:

Consolidated Financial Performance

On a consolidated basis, which includes subsidiary Exxaro Ceramic Limited, revenue from operations for the year ended March 31, 2026 stood at ₹30,490.30 lakhs, marginally higher than ₹30,421.49 lakhs in the previous year. Total income for the year was ₹30,561.04 lakhs compared to ₹30,521.87 lakhs in the prior year. Profit before exceptional items and tax improved to ₹398.87 lakhs from ₹223.07 lakhs in the previous year. Net profit for the year from continuing operations was ₹283.11 lakhs, against a loss of ₹(12.17) lakhs in the previous year. Total comprehensive income for the year stood at ₹293.28 lakhs versus ₹3.76 lakhs in the prior year.

The following table presents the key consolidated financial results:

Cash Flow Highlights

On a standalone basis, Exxaro Tiles generated cash from operations of ₹3,083.58 lakhs for the period ended March 31, 2026, compared to ₹2,362.47 lakhs in the prior year. Net cash used in investment activities stood at ₹(1,875.60) lakhs, while net cash used in financial activities was ₹(1,096.84) lakhs. The total net cash flow for the standalone entity was ₹111.14 lakhs, with closing cash and cash equivalents at ₹121.89 lakhs versus ₹10.75 lakhs at the beginning of the period.

On a consolidated basis, cash generated from operations was ₹3,291.93 lakhs versus ₹2,329.14 lakhs in the prior year. Net cash used in investment activities was ₹(1,937.65) lakhs, and net cash used in financial activities was ₹(1,381.00) lakhs. The total net cash flow on a consolidated basis was ₹(26.72) lakhs, with closing cash and cash equivalents at ₹189.59 lakhs.

Balance Sheet Highlights

The standalone balance sheet as at March 31, 2026 reflects total assets of ₹47,484.80 lakhs compared to ₹48,385.66 lakhs in the previous year. Total equity stood at ₹27,838.46 lakhs, up from ₹27,617.71 lakhs. On the consolidated basis, total assets were ₹48,804.04 lakhs versus ₹49,089.65 lakhs in the prior year, with total equity at ₹27,970.55 lakhs compared to ₹27,677.27 lakhs.

Internal Auditor Re-appointment and Other Developments

The Board, on the recommendation of the Audit Committee, approved the re-appointment of Mr. Mitesh Koshti as Internal Auditor of the company for the financial year 2026-27. Mr. Koshti holds a Master's degree in Commerce (Accounts and Audit) and has over 10 years of multi-industry work experience, including prior experience with Naresh J. Patel & Co., a leading firm of Chartered Accountants in Ahmedabad. Additionally, the company has disclosed that it has committed to invest 100% of the paid-up share capital in a UAE-registered entity, which, following acquisition, will be recognised as a wholly owned subsidiary of the company. The company's operations fall under a single segment — manufacturing and trading of refractory ceramic products (Vitrified Tiles) — and accordingly, segment reporting is not applicable under Ind AS 108. Exxaro Tiles is headquartered in Ahmedabad, Gujarat, with operational units in Sabarkantha and Vadodara districts.

Exxaro Tiles Limited has informed stock exchanges that its Board of Directors, at a meeting held on 05 May 2026, approved the re-appointment of Mr. Mitesh Koshti as Internal Auditor for Financial Year 2026-27. The intimation was made pursuant to Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Re-appointment Details

The following key details of the re-appointment have been disclosed as required under Regulation 30 of the Listing Regulations:

Profile of Mr. Mitesh Koshti

Mr. Mitesh Koshti is a qualified Master in Commerce (Accounts and Audit) and brings multi-industry work experience spanning more than 10 years. He has previously worked with Naresh J. Patel & Co., a leading firm of Chartered Accountants in Ahmedabad, in the Internal Audit Department. His professional achievements include:

• Setting up and managing a lean and effective internal audit function
• Adopting contemporary audit practices and processes
• Leveraging data analytics tools and data visualization tools for internal audit processes

The disclosure of relationships between directors is noted as not applicable, given that this is an appointment of an Internal Auditor and not a Director.

Regulatory Compliance

The re-appointment has been communicated to both BSE Limited and the National Stock Exchange of India Ltd. in accordance with applicable listing regulations. The intimation was signed by Mr. Mukeshkumar B. Patel, Managing Director of Exxaro Tiles Limited, on 05 May 2026.