India Cements Capital Limited held its 40th annual general meeting on September 15, 2026, reporting a decline in gross revenue and net income for the fiscal year ended March 31, 2026.

The company recorded gross revenue of ₹25,774.79 lakh, down from ₹29,764.17 lakh in the previous year. Net income stood at ₹364.37 lakh, compared to ₹387.22 lakh in FY25. The meeting was conducted via video conferencing in compliance with Ministry of Corporate Affairs guidelines.

Financial Performance

Gross revenue contracted by approximately 13.4% year-on-year. Net income declined by roughly 5.9%. Other operating income rose slightly to ₹80.28 lakh from ₹77.75 lakh, while other income fell to ₹35.55 lakh from ₹39.08 lakh.

In the first quarter of FY27 (April-June 2026), gross income was ₹124.13 lakh, lower than the ₹136.31 lakh earned in the corresponding period of the previous year.

Subsidiary Results

Wholly owned subsidiary India Cements Investment Services Limited saw its turnover drop significantly to ₹42,441 lakh from ₹71,551 lakh. Income fell to ₹53.78 lakh from ₹88.01 lakh. Cash market turnover declined to ₹27,897 lakh from ₹45,707 lakh, while Futures and Options segment turnover fell to ₹14,544 lakh from ₹25,844 lakh.

What the Numbers Show

The subsidiary’s turnover decline of over 40% outpaced the parent company’s revenue contraction of 13.4%, indicating a sharper slowdown in trading volumes or transaction values at India Cements Investment Services Limited compared to the consolidated entity.

Change in Promoter Holding

Promoter Sri Saradha Logistics Private Limited entered into a share purchase agreement on July 24, 2026, to sell its entire holding of 10,858,186 equity shares (50.02% stake) to Sandeep Jain, Vikas Garg, and Rahul Nagar at ₹12 per share. The acquirers launched an open offer for up to 26% of the voting share capital at the same price, subject to regulatory approvals including those from the Reserve Bank of India.

AGM Proceedings

Chairman V. Manickam presided over the meeting. Shareholders adopted the audited standalone and consolidated financial statements. The assembly also approved the reappointment of V. Manickam as a non-executive non-independent director beyond age 75 and reappointed K. Suresh as manager until September 30, 2027.

India Cements Capital has scheduled its 40th Annual General Meeting for Tuesday, September 15, 2026. The meeting will commence at 11:00 am and be conducted through Video Conferencing or Other Audio Visual Means in compliance with the Companies Act, 2013 and SEBI LODR Regulations.

The company notified shareholders via newspaper advertisements in Trinity Mirror and Makkalkural on August 22, 2026. The notice aligns with Regulation 30 of the SEBI LODR Regulations, 2015. Shareholders are expected to transact ordinary and special business as outlined in the notice issued on August 5, 2026.

Meeting Details

The company’s registered and corporate office is located at Gee Gee Emerald, Nungambakkam, Chennai. Suresh Krishnamurthy, Company Secretary, digitally signed the disclosure on August 22, 2026.

E-Voting and Record Date

Shareholders holding shares as of the cut-off date of September 8, 2026, are eligible to vote. The remote e-voting period commences on September 12, 2026, at 9:00 am and ends on September 14, 2026, at 5:00 pm. Voting rights are proportional to the paid-up equity share capital as on the cut-off date.

Members who cast their vote by remote e-voting prior to the AGM may attend the meeting via VC/OAVM but cannot vote again during the meeting. Only shareholders present via VC/OAVM who have not voted remotely are eligible to vote during the AGM. The facility for appointment of proxies is not available for this virtual meeting.

Share Transfer Book Closure

Pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI LODR Regulations, 2015, the Register of Members and Share Transfer Books will remain closed from September 9, 2026, to September 15, 2026, inclusive. This closure is necessary for determining the list of members entitled to attend the AGM and exercise voting rights.