Inani Marbles & Industries adopted its audited financial statements for the financial year ended March 31, 2026, during its 32nd Annual General Meeting held on September 30, 2026. The company declared a dividend of 2% on equity shares for the same period.

The meeting, chaired by Capt. Suresh Kumar Inani, Managing Director, took place at the registered office in Chittorgarh, Rajasthan. Shareholders approved the reappointment of Mr. Mahesh Kumar Inani as a director retiring by rotation and the reappointment of Mr. Rishi Raj Inani as Chief Financial Officer.

Key resolutions passed

The agenda included several material corporate actions alongside the adoption of accounts:

• Adoption of audited financial statements and board/auditor reports for FY26
• Declaration of dividend on equity shares at 2%
• Reappointment of Mr. Mahesh Kumar Inani (DIN 00322735)
• Reappointment of Mr. Rishi Raj Inani as CFO
• Approval of material related party transactions with Atlas Marble and Granite Tr
• Approval of material related party transactions with Miraak Surfaces Private Limited

Meeting details

The Annual General Meeting commenced at 3:00 pm and concluded at 4:10 pm. The company secretary confirmed that voting results and the scrutinizer report would be communicated to the stock exchange in due course. These documents will also be placed on the company website and CDSL simultaneously.

Governance updates

The company did not disclose specific revenue or profit figures in the outcome notice, focusing instead on the procedural approvals and the declaration of the dividend rate.

Inani Marbles & Industries has confirmed September 23, 2026, as the record date for the payment of its proposed final dividend and for e-voting entitlements. The company will hold its 32nd Annual General Meeting on September 30, 2026, to approve the payout and other agenda items.

The Register of Members and Share Transfer Book will remain closed from September 24, 2026, to September 30, 2026. This closure facilitates the distribution of dividends and the conduct of the AGM, scheduled for 3:00 pm at the company's registered office in Chittorgarh, Rajasthan.

Corporate Action Details

Shareholders holding shares as of September 23, 2026, are eligible for e-voting and dividend entitlements if declared at the AGM. The proposed final dividend is ₹0.04 per equity share, representing a 2% payout on the paid-up value of ₹2.00 each.

Key Agenda Items

Shareholders will vote on several ordinary and special resolutions:

• Dividend Declaration: Approval of a final dividend of 2% (₹0.04 per share) on the paid-up value of ₹2.00 each.
• Director Re-appointment: Re-appointment of Mr. Mahesh Kumar Inani, who retires by rotation.
• CFO Re-appointment: Special resolution to re-appoint Mr. Rishi Raj Inani as Chief Financial Officer for five years, effective November 14, 2026.
• Related-Party Transactions: Approval for material transactions with Atlas Marble and Granite Tr. and Miraak Surfaces Private Limited, each valued up to ₹10 crore for FY27.

Financial Performance Overview

The company reported revenue from operations of ₹4,676.03 crore for FY26, an increase of 9.26% over the previous year. However, profit after tax declined to ₹18.27 crore from ₹70.63 crore in FY25, attributed to margin pressure from global geopolitical uncertainties and supply chain disruptions.

What the Numbers Show

While top-line growth remained positive, the significant contraction in net profit highlights sensitivity to external cost pressures. Finance costs decreased to ₹166.95 crore from ₹198.29 crore in FY25, indicating improved debt management, but this was offset by higher other expenses and lower operating margins.