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.

Inani Marbles & Industries reported a net profit of ₹14.03 lakh for the quarter ended June 30, 2026, marking an 18% year-on-year decline from ₹17 lakh in the prior-year period. The contraction in profitability was primarily driven by a sharp 29.7% fall in revenue from operations, which slipped to ₹1,049.63 lakh from ₹1,493.57 lakh in Q1FY26. This significant drop in core business activity signals ongoing pressure in the marble and granite processing segment, although cost containment measures helped mitigate a steeper decline in the bottom line.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 11, 2026, in Chittorgarh. The results were reviewed by Nyati Mundra & Co., the statutory auditors, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In addition to the financial results, the Board approved the re-appointment of Rishi Raj Inani as Chief Financial Officer, effective November 14, 2026. Inani, a Chartered Accountant with over nine years of experience in finance and the marble sector, is the son of Managing Director Suresh Kumar Inani.

Financial Performance Overview

Total income decreased to ₹1,081.26 lakh from ₹1,513.79 lakh in Q1FY26. While revenue from operations dropped significantly, other income rose 56.4% to ₹31.63 lakh from ₹20.22 lakh. Total expenses stood at ₹1,067.23 lakh, compared to ₹1,490.36 lakh in the previous year’s quarter. The reduction in expenses was primarily driven by lower cost of materials consumed (₹447.34 lakh vs ₹463.34 lakh) and a decrease in purchase of stock-in-trade (₹140.88 lakh vs ₹282.83 lakh). However, manufacturing expenses increased to ₹238.12 lakh from ₹195.98 lakh.

Profit before tax declined 40.1% to ₹14.03 lakh from ₹23.43 lakh. No tax expense was recorded for the current quarter, whereas ₹6.43 lakh was paid in the prior-year quarter. Earnings per share (basic and diluted) fell to ₹0.08 from ₹0.09. Total comprehensive income for the period was ₹29.55 lakh, up from ₹36.29 lakh in Q1FY26, largely influenced by items not reclassified to profit or loss.

What the Numbers Show

The divergence between the sharp decline in revenue (-29.7%) and the more modest drop in net profit (-17.6%) highlights significant cost containment or favorable inventory adjustments. Specifically, changes in inventories of finished goods, work-in-progress, and stock-in-trade resulted in a positive adjustment of ₹170.44 lakh in Q1FY27, compared to an expense of ₹146.92 lakh in Q1FY26. This ₹317.36 lakh swing in inventory valuation substantially offset the impact of lower sales on the bottom line. Without this inventory benefit, the operational profitability would have contracted far more severely than the reported figures suggest.