Incap Limited scheduled its 36th Annual General Meeting for September 26, 2026, to approve key board appointments and adopt financial results for FY26. The company reported a significant decline in profitability for the year ended March 31, 2026.

Financial Performance

Revenue from operations fell 5.7% YoY to ₹316.7 crore (₹3,166.73 lakh) in FY26, down from ₹335.8 crore in FY25. The decline was primarily attributed to the absence of export business during the current fiscal year. Consequently, net profit after tax dropped sharply by 57.8% to ₹33.7 lakh (₹33.71 lakh), compared to ₹79.9 lakh in the previous year.

Other income decreased to ₹13.7 lakh from ₹19.2 lakh. Total expenditure stood at ₹304.6 crore, lower than the ₹318.9 crore recorded in FY25. Interest costs reduced to ₹33.4 lakh from ₹45.7 lakh, while depreciation increased to ₹50.3 lakh from ₹38.2 lakh.

What the Numbers Show

The divergence between revenue and profit highlights margin pressure. While revenue declined moderately, net profit contracted at more than double that rate. This suggests that fixed costs and depreciation, which rose to ₹50.3 lakh, consumed a larger share of the reduced operating surplus. Additionally, the complete halt in exports eliminated a high-margin revenue stream present in FY25, where foreign exchange earnings totaled ₹121.5 crore.

Corporate Actions

The Board recommended a final dividend of 10% (₹1 per equity share), totaling ₹51.3 lakh, subject to shareholder approval. The dividend payout will be paid to members on record as of September 18, 2026.

Board Appointments

Shareholders will vote on the reappointment of Smt. C. Neelima as Managing Director for three years, effective February 1, 2026. Her remuneration includes a monthly salary of ₹90,000 plus perks up to ₹60,000.

Additionally, the meeting will approve the appointment of Sri C. Bhagavantha Rao as Executive Chairperson for three years. As he has attained the age of 75, this requires a special resolution under Section 196(3)(a) of the Companies Act, 2013. His monthly remuneration is set at ₹1,31,450 with additional perks.

Sri P. Ram Rao retires by rotation and seeks reappointment as a Non-Executive Director. The company also appointed Mr. A. N. Sarma as Secretarial Auditor for five years.

Incap Limited has announced a book closure from September 19 to 22, 2026, for its Annual General Meeting (AGM) and the dividend payout for the fiscal year 2025-2026. The Vijayawada-based company confirmed that the register of members and share transfer books will remain closed during this period. The AGM is scheduled to be held on September 26, 2026.

The company issued an intimation to the Bombay Stock Exchange on August 19, 2026, detailing the timeline. C. Neelima, Managing Director of Incap Limited, signed the circular bearing reference number INCAP/FIN/BSE/26-27/365. The communication specifies that the record date for eligibility is September 18, 2026.

Key Dates and Details

Investors are advised to ensure they hold shares before the book closure period begins to participate in the AGM and receive the dividend. The company did not disclose the specific dividend amount per share in this communication. Further details regarding the quantum of the payout may be available in subsequent filings or board meeting minutes.