IGC Industries has scheduled a meeting of its Board of Directors for Tuesday, August 25, 2026. The primary agenda items involve corporate governance matters, specifically the appointment and resignation of directors.

The company issued the intimation on August 17, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015. The notice was submitted pursuant to Regulation 29(1) of the same regulations.

Agenda Details

The key resolutions proposed for consideration during the meeting include:

• Discussion on the appointment and resignation of directors.
• Any other business with the permission of the Chairperson.

The intimation was signed by Mr. Ziauddin Mohammed, Director of the company. The firm’s registered office is located in Kolkata, while its corporate office operates from Shamshabad in Telangana.

IGC Industries reported a net loss of ₹1,462.03 lakh for the quarter ended June 30, 2026, a significant increase from the loss of ₹263.72 lakh recorded in the quarter ended March 31, 2026. The company’s financial performance for Q1FY27 was impacted by a substantial write-off of an advance amount totaling ₹9,31,59,000. This write-off was necessitated by a complaint received from the Directorate of Enforcement regarding the claiming of an advance against assets, which was part of a disputed transaction. Consequently, the company wrote off the amount in its books of accounts to ensure compliance with the regulatory department's waiver of the claim towards the assets.

The Board of Directors of IGC Industries met on July 13, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The meeting commenced at 5:30 P.M. and concluded at 6:00 P.M. The results were prepared in compliance with the Indian Accounting Standards (Ind AS) and were reviewed by the Audit Committee before being approved by the Board. The statutory auditors, Sarang Shivajirao Chavan and Associates, provided a Limited Review Report on the unaudited financial results, confirming there were no qualifications in their report.

Financial Performance

The company reported total expenses of ₹1,462.03 lakh for the quarter, a sharp rise from ₹263.72 lakh in the preceding quarter. Other expenses accounted for the majority of the costs, amounting to ₹1,462.03 lakh in Q1FY27, compared to ₹210.87 lakh in Q4FY26. Changes in inventories of finished goods, work in progress, and stock in trade were nil for the current quarter, compared to ₹30.35 lakh in the previous quarter. Employee benefits expense remained flat at nil for the quarter, while finance costs and depreciation were also recorded at nil.

Auditor's Review

Sarang Shivajirao Chavan and Associates, Chartered Accountants, conducted the limited review of the unaudited financial results for the quarter ended June 30, 2026. The review was performed in accordance with the Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India. The auditors noted that the financial results were prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34). The Independent Auditor's Review Report highlighted the emphasis of matter regarding the write-off of the advance amount and confirmed that no other material misstatements were identified during the review process.

The trading window for dealing in the securities of the company will remain closed for designated persons until 48 hours after the declaration of the financial results, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The paid-up equity share capital of the company remained unchanged at ₹3,472.00 lakh during the reported period.