India Cements Capital Limited has scheduled its Annual General Meeting (AGM) for September 15, 2026, to be conducted through Video Conferencing or Other Audio Visual Means. The Board of Directors also approved the reappointment of K.Suresh as Manager/CEO and V.Manickam as a Non-Executive Non-Independent Director, both decisions pending shareholder ratification. The Register of Members will close from September 9 to September 15, 2026, to determine voting eligibility.

The Board meeting took place on August 5, 2026. In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company notified the BSE Limited regarding the book closure period. The cut-off date for shares held in demat form is September 8, 2026. For physical shares, the register remains closed from September 9 to September 15, 2026, inclusive.

Key Reappointments

Based on the recommendation of the Nomination and Remuneration Committee, the Board proposed two key leadership continuations:

• K.Suresh: Reappointed as 'Manager' / CEO under the Companies Act, 2013. His term runs from October 1, 2026, to September 30, 2027. He possesses expertise in Finance, Accounts, and Taxation, holding ACA and ACS qualifications. He has served as President and CEO since 2007.
• V.Manickam: Reappointed as a Non-Executive Non-Independent Director. He is liable to retire by rotation. His appointment includes continuation after attaining the age of 75 years on April 1, 2027, under Regulation 17(1A) of the SEBI LODR Regulations. He receives only sitting fees.

Director Profiles

The filings provided detailed profiles for both appointees. K.Suresh oversees day-to-day management and administration. He is also a director in India Cements Investment Services Limited, a wholly owned subsidiary. V.Manickam brings over four decades of experience, including three decades at the Life Insurance Corporation of India (LIC), where he retired as Managing Director and CEO of LIC Pension Fund. He previously served as an Independent Director on the Board of E.I.D – Parry (India) Limited from July 2014 to July 2022.

Compliance Details

V.Manickam holds no equity shares in India Cements Capital Limited. He currently serves as a Member of the Audit Committee and Stakeholders Relationship Committee within the company. His outside directorships include Chennai Super Kings Cricket Limited and Shriram Life Insurance Company Limited. The company confirmed that V.Manickam is not debarred from holding office by virtue of any SEBI Order, as required by BSE Circular Ref. No.LIST/COMP/14/2018-19.

What This Means for Shareholders

Shareholders must ensure their holdings are registered by September 8, 2026, for demat accounts to be eligible for e-voting at the AGM. Physical shareholders are affected by the register closure from September 9 to September 15, 2026. The reappointments require formal shareholder approval during the upcoming meeting.

India Cements Capital reported a standalone net profit of ₹6.12 lakh for the quarter ended June 30, 2026, marking a return to profitability from a net loss of ₹36.28 lakh in the same quarter of the previous year. The turnaround was driven by a significant reduction in other expenses and stable revenue performance. Concurrently, the company announced a major ownership change, with promoters agreeing to sell their entire holding of 50.02% to acquirers Sandeep Jain, Vikas Garg, and Rahul Nagar.

The Board of Directors approved the unaudited financial results on August 5, 2026, following review by the Audit Committee. The results were subjected to a limited audit review by statutory auditors P.S. Subramania Iyer & Co., in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates primarily in foreign currency trading, with its wholly-owned subsidiary engaged in brokerage services.

Standalone revenue from operations declined slightly to ₹113.40 lakh in Q1FY27, compared to ₹127.48 lakh in Q1FY26. However, total income stood at ₹124.13 lakh, supported by other income rising to ₹10.73 lakh from ₹8.83 lakh in the prior year. Total expenses dropped significantly to ₹115.97 lakh from ₹106.91 lakh, largely due to lower other expenses which fell to ₹53.69 lakh from ₹45.88 lakh, offset by higher employee benefit expenses of ₹59.58 lakh.

Consolidated results showed a net profit of ₹2.48 lakh for the quarter, compared to ₹17.88 lakh in Q1FY26. Consolidated revenue from operations was ₹124.97 lakh, down from ₹142.14 lakh in the previous year. The consolidated net profit improvement over the immediate prior quarter, where the group reported a loss of ₹38.77 lakh, highlights operational stabilization across the group structure.

Strategic Ownership Change

Promoters have entered into a Share Purchase Agreement dated July 24, 2026, to sell 1,08,58,186 equity shares representing 50.02% of the total share capital to Sandeep Jain, Vikas Garg, and Rahul Nagar. Consequently, the acquirers published a public statement on July 31, 2026, announcing an open offer to acquire up to 56,43,612 fully paid equity shares, representing 26% of the paid-up equity share capital, at a price of ₹12 per share. This acquisition is subject to requisite regulatory approvals.

What the Numbers Show

The shift from a quarterly loss to profit was primarily aided by cost containment rather than top-line growth. While revenue dipped, the reduction in total expenses allowed the company to achieve a positive bottom line. Notably, the exceptional item related to the write-back of borrowings and write-off of advances, which impacted FY26 results, did not recur in Q1FY27, providing a cleaner view of operational profitability. The basic earnings per share improved to ₹0.03 from a loss of ₹0.16 per share in the previous year.