IGC Industries Limited has informed the stock exchanges that it did not enter into any Related Party Transactions during the quarter ended March 31, 2026. The disclosure was made in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In a regulatory filing submitted to BSE Limited on May 21, 2026, the company stated that the requisite disclosure of Related Party Transactions in the prescribed format is submitted as “Nil” for the aforesaid period. This confirms that no transactions requiring disclosure under the applicable SEBI Circular took place during the quarter.

The filing was signed by Mr. Ziauddin Mohammed, Director and Compliance Officer of the company. The communication was addressed to the General Manager of the Listing Compliance Department at BSE Limited, referencing the company's scrip code 539449.

Disclosure Details

The company provided the following specific details regarding the disclosure:

The confirmation of nil transactions ensures that the company has adhered to the necessary compliance standards for reporting material information to its shareholders and the stock exchanges for the fourth quarter of the fiscal year 2026.

IGC Industries Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company recorded a net loss of ₹264 crore for the quarter, widening from a net loss of ₹5.40 crore in the corresponding period of the previous year. For the full financial year 2025-26, the net loss stood at ₹292.97 crore, a significant increase from the net loss of ₹6.17 crore reported in FY25.

Financial Performance

Revenue from operations for the quarter and year ended March 31, 2026, was nil. In the previous fiscal year ended March 31, 2025, the company had recorded revenue from operations of ₹198.51 crore. Total expenses for the year ended March 31, 2026, amounted to ₹292.97 crore, up from ₹204.68 crore in the prior year.

The company's basic and diluted earnings per share (EPS) for the year ended March 31, 2026, stood at a loss of ₹0.84, compared to a loss of ₹0.02 in the previous year. For the quarter ended March 31, 2026, the basic EPS was a loss of ₹0.76.

Auditor's Report

The statutory auditors, Sarang Shivajirao Chavan and Associates, issued a disclaimer of opinion on the financial statements. The auditors stated they could not obtain sufficient appropriate audit evidence regarding material items, specifically advances made to suppliers under "Current Assets- Other Current Assets" and an investment of ₹20 crore in shares of CNX Corporation Limited.

Additionally, the auditors highlighted that the company has incurred continuous losses during all four quarters of FY26 and the preceding financial year. This raises significant doubt about the company's ability to continue as a going concern, particularly as management did not provide a comprehensive assessment or mitigation plan to address these financial uncertainties.

Balance Sheet Highlights

The total assets of the company as of March 31, 2026, stood at ₹2145.34 lakh, a decrease from ₹5454.34 lakh as of March 31, 2025. Investments decreased to ₹752.73 lakh from ₹2038.88 lakh in the previous year. Equity share capital remained constant at ₹3472 lakh, while other equity turned negative at ₹(1326.67) lakh compared to ₹795.67 lakh in the prior year.