Exxaro Tiles has scheduled its 19th Annual General Meeting (AGM) for Saturday, September 26, 2026. The meeting will be conducted via video conferencing or other audio-visual means.

The company notified the Bombay Stock Exchange and National Stock Exchange of India Ltd regarding the corporate action on August 31, 2026. The event aligns with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Agenda Items

Shareholders will transact ordinary business during the meeting. Key resolutions include:

• Adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2026, along with reports from the Board of Directors and Statutory Auditor.
• Adoption of the Audited Consolidated Financial Statements for the same period, accompanied by the Statutory Auditor’s report.
• Reappointment of Mr. Dineshkumar R. Patel as a director in place of his retirement by rotation.

Mr. Patel, a promoter and Whole-time Director since January 6, 2021, has served on the board since August 6, 2014. He oversees production and administrative operations at the Talod-Unit II facility.

Voting and Participation Details

The record date for voting rights is set at September 19, 2026. Remote e-voting will commence on September 23, 2026, at 9:00 am and conclude on September 25, 2026, at 5:00 pm. National Securities Depository Limited serves as the authorized agency for electronic voting.

Members holding shares in demat mode can vote through their depository participant interfaces. Physical shareholders must use their folio numbers for authentication. The facility allows up to 1,000 members to join via VC/OAVM on a first-come, first-served basis, excluding large shareholders and promoters.

Director Profile

The Board recommends Mr. Patel’s reappointment, citing his experience in production streamlining and process optimization within the manufacturing sector.

Exxaro Tiles Limited announced the opening of its trading window on July 25, 2026, following the expiry of the mandatory 48-hour cooling-off period after its Board meeting. The Board had convened on the same date to approve the unaudited financial results for the first quarter of FY27, which revealed a significant turnaround in profitability. Consolidated net profit after tax surged 156% year-on-year to ₹207.28 lakh, while standalone net profit rose 91% to ₹94.51 lakh. This sharp improvement underscores strong operational execution in the refractory ceramic products segment.

The trading window reopens in compliance with the Company’s Code of Conduct for Prevention of Insider Trading, read with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure was initially notified on June 25, 2026. The reopening allows insiders to trade securities only after the market has digested the material information disclosed during the Board meeting, including the Q1FY27 financial performance and strategic updates.

Financial Performance Highlights

The company reported robust top-line growth, with consolidated revenue from operations jumping 31% to ₹8,522.24 lakh against ₹6,492.53 lakh in the corresponding quarter of the previous year. Standalone revenue also expanded by 17% to ₹7,379.46 lakh from ₹6,315.52 lakh. The divergence between standalone and consolidated growth rates highlights the significant contribution of the subsidiary, Exxaro Ceramic Limited, to the group’s overall expansion.

Other income contributed ₹12.70 lakh on a standalone basis, up from ₹4.03 lakh in Q1FY26. Earnings per share (basic) improved to ₹0.02 for standalone and ₹0.05 for consolidated operations, compared to ₹0.01 and ₹0.02 respectively in the prior year period.

Operational Insights and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board at a meeting held in Ahmedabad. Statutory auditors H.B. Kalaria & Associates conducted a limited review of the interim financial information in accordance with Standard on Review Engagements (SRE) 2410. The results are prepared under Indian Accounting Standard 34 (Ind AS 34) and comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Power and fuel expenses remained the largest cost component at ₹3,724.31 lakh for both standalone and consolidated figures, reflecting the energy-intensive nature of tile manufacturing. Employee benefit expenses decreased slightly to ₹578.47 lakh (standalone) and ₹619.03 lakh (consolidated) compared to ₹732.22 lakh in the prior year quarter, indicating improved cost efficiency.

What the Numbers Show

The substantial gap between standalone revenue growth (17%) and consolidated revenue growth (31%) suggests that Exxaro Ceramic Limited is driving disproportionate value creation within the group. This operational leverage, combined with controlled employee costs, has significantly widened profit margins. The company’s commitment to investing 100% of its paid-up share capital in a UAE-registered entity signals a strategic pivot towards international markets, which could further diversify revenue streams beyond the domestic vitrified tile segment.