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 at 11:00 am IST.

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 reported a net profit of ₹210.58 lakh for the financial year ended March 31, 2026, reversing a net loss of ₹78.26 lakh in FY25. The turnaround occurred despite a 5.9% decline in standalone revenue from operations to ₹2,818.23 lakh.

The company’s 19th Annual General Meeting is scheduled for September 26, 2026. Directors will consider the adoption of audited standalone and consolidated financial statements for FY26. Mr. Dineshkumar R. Patel retires by rotation and offers himself for re-appointment.

Financial Performance

Standalone revenue from operations fell to ₹2,818.23 lakh in FY26, down from ₹2,996.34 lakh in FY25. However, the company improved its profitability significantly. Profit before tax rose to ₹301.16 lakh from ₹85.59 lakh in the previous year.

Consolidated revenue remained stable at ₹3,049.03 lakh, compared to ₹3,042.15 lakh in FY25. Consolidated net profit stood at ₹293.28 lakh, up from ₹3.76 lakh in FY25.

Operational Updates

The company did not recommend any dividend for FY26 to conserve liquidity for future business operations. No amount was transferred to general reserves.

Key managerial personnel changes included the resignation of CFO Himanshu Shah in September 2025. Mr. Jigneshbhai B. Patel was appointed as CFO in November 2025. Additionally, Mr. Miten Majmundar was appointed as an Additional Independent Director.

What the Numbers Show

The divergence between declining standalone revenue and rising standalone profit indicates improved cost efficiency or margin expansion during the year. While top-line growth slowed due to market conditions, the bottom line recovered sharply, suggesting operational discipline offset the revenue contraction.