India Cements Capital Limited reported a consolidated net loss of ₹45.44 lakh for the year ended March 31, 2026, a sharp decline from the net profit of ₹55.68 lakh recorded in the previous year. The loss was primarily driven by exceptional items, including the write-off of advances amounting to ₹43.38 crore and a provision for gratuity under the new Labour Codes. The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 29, 2026.

Financial Performance

The company’s total income for the consolidated year ended March 31, 2026, stood at ₹546.04 lakh, down from ₹607.52 lakh in the prior year. Revenue from operations decreased to ₹501.28 lakh from ₹558.68 lakh. On a standalone basis, the company reported a net loss of ₹27.15 lakh for FY26, compared to a net profit of ₹53.15 lakh in FY25. Total standalone income for the year was ₹480.20 lakh, a decrease from ₹504.07 lakh in the previous year.

Consolidated Financial Results (FY26)

Exceptional Items and Audit Observations

The financial results were significantly impacted by exceptional items. The company wrote back long-term borrowings of ₹43.55 crore that were deemed no longer payable. Conversely, it wrote off advances of ₹43.38 crore provided to an entity due to its financial condition. Additionally, a sum of ₹0.22 crore deployed towards forex broking services was written off as unrecoverable.

The statutory auditor, P.S. Subramania Iyer & Co., issued an audit report with an unmodified opinion but drew emphasis of matter on several points. These included a cyber fraud incident during the reporting period that resulted in the fraudulent transfer of ₹80 lakh. The company has recovered ₹31.85 lakh and written off the balance of ₹48.15 lakh. The auditors also highlighted the write-back of borrowings, the write-off of advances, and the decision not to provide for tax on these amounts based on a tax consultant's opinion.

Operational Details

India Cements Capital Limited is primarily engaged in the buying and selling of foreign currencies. Its wholly-owned subsidiary, India Cements Investment Services Ltd., is involved in the brokerage business in shares and dealing in mutual funds and bonds. The company recognized a statutory impact of ₹23.79 lakh regarding employee benefit obligations due to the new Labour Codes notified by the Government of India. The audited financial results will be published in English and Tamil dailies on May 31, 2026.

India Cements Capital Limited has announced that its Board of Directors will meet on Monday, May 25, 2026. The primary agenda for the meeting is to consider and approve the audited annual accounts for the financial year ended March 31, 2026. The board will also review the standalone and consolidated audited financial results for the quarter and year ended on the same date.

Prior to the board meeting, the Audit Committee of the Board will convene to review the accounts. This review is scheduled to take place on the same day, May 25, 2026, before the board proceedings begin.

Following the approval, the company stated that it will electronically file a certified copy of the audited financial results along with the Auditors' Report. This filing will be done in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial results will be published in both English and Tamil daily newspapers on May 27, 2026. This ensures the information reaches a broad audience of stakeholders and investors.

In a separate disclosure regarding trading activities, the company informed the exchanges that the trading window for dealing in the shares of india cements capital is currently closed. The window will remain shut from April 1, 2026, until May 21, 2026, inclusive.