Indag Rubber Limited has approved the re-appointment of Mr. Raj Kumar Agrawal as a Non-Executive Independent Director for a second term of five years, subject to shareholder approval. The decision was taken by the Board of Directors during its meeting held on May 28, 2026, based on the recommendations of the Nomination and Remuneration Committee. The new term is scheduled to commence on June 15, 2026, and will conclude on June 14, 2031.

Mr. Raj Kumar Agrawal holds a DIN of 00177578. His re-appointment requires the approval of members at the company's ensuing Annual General Meeting. The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profile

Mr. Raj Kumar Agrawal is a Chartered Accountant with a B.Com. (Hons) from Shri Ram College of Commerce. He was associated with S. R. Batliboi & Co, an EY Member firm, for over 43 years, providing accounting and advisory services across various industry sectors. Additionally, he has served the Accounting Standards Board and Audit & Assurance Standards Board of the ICAI as a Special Invitee Member and Co-opted Member for several years.

Appointment Details

Indag Rubber Limited reported a 47.1% year-on-year increase in consolidated net profit to ₹806.23 lakh for the financial year ended March 31, 2026. Revenue from operations for the year dipped to ₹21,450.87 lakh. On a standalone basis, net profit rose to ₹1,237.94 lakh from ₹841.93 lakh in the previous year, with annual revenue at ₹21,424.39 lakh. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, during its meeting on May 28, 2026.

The Board recommended a final dividend of ₹1.50 per equity share of ₹2 each for FY26. This is in addition to an interim dividend of ₹0.90 per share already paid. The final dividend is subject to shareholder approval at the ensuing Annual General Meeting. The company stated that the payment will be made on or before 30 days from the date of approval in the AGM. The specific AGM date and the record date for determining dividend eligibility will be disclosed later.

Financial Performance

For the quarter ended March 31, 2026, the consolidated net profit stood at ₹183.03 lakh, compared to ₹51.13 lakh in the corresponding period of the previous year. Revenue from operations for the quarter was ₹6,078.82 lakh. Total consolidated expenses for the year decreased to ₹21,372.20 lakh from ₹23,427.72 lakh in the previous year.

Operational Metrics and Audit Observations

The electronics segment, including green energy storage, reported a loss of ₹416.25 lakh for the year, while the precured tread rubber segment reported a profit of ₹626.17 lakh before interest and tax. The company’s statutory auditors, Khanna & Annadhanam, included an emphasis of matter in their report regarding the valuation of an investment in an oil exploration company in Nigeria. The auditors noted that the fair value of the investment, valued at ₹1,319.50 lakh as of March 31, 2026, is subject to successful exploration and production, which is currently on hold due to government restrictions on gas flaring.