Indian Toners & Developers Ltd reported a 21.34% rise in profit after tax to Rs 27.23 crore for the financial year ended March 31, 2026, compared to Rs 22.44 crore in the previous year. Revenue from operations increased by 8.38% to Rs 165.81 crore from Rs 152.99 crore in FY25, supported by domestic sales growth while exports faced geopolitical headwinds.

The Board of Directors has recommended an interim dividend of Rs 6.00 per equity share, which will be treated as the final dividend for the year. The company’s total income for the year stood at Rs 171.49 crore, up from Rs 159.09 crore in the previous year. The profit before tax rose by 3.57% to Rs 34.70 crore.

Financial Performance

The company achieved a turnover of Rs 165.81 crore, with 16% of revenue derived from exports and the remainder from domestic sales. Domestic sales grew by 10.26% in value, whereas export sales decreased by 0.47% due to adverse geopolitical conditions and sluggish demand in international markets. The operating gross profit was higher by Rs 99 lakh compared to the previous year.

Operational Highlights

During the year, the company expanded its solar capacity, commissioning an additional 320 KWP in FY26, bringing the total installed capacity to approximately 1.5 MWP. The production capacity was increased to 5400 MT in the previous financial year. The company also incurred Rs 65.94 lakh on research and development under revenue heads and Rs 7.25 lakh on capital investments.

Corporate Governance

The Board has appointed M/s B.K. Shroff & Co., Chartered Accountants, as Statutory Auditors. The company has also appointed M/s Mukesh Agarwal & Co., Company Secretaries, as Secretarial Auditors. The Board met four times during the financial year. The company remains debt-free, with a net debt to equity ratio of nil.

The Annual General Meeting is scheduled for July 13, 2026, to transact business including the adoption of financial statements and the re-appointment of directors.

Indian Toners & Developers Limited has submitted clippings of newspaper advertisements to BSE Limited regarding the postal ballot notice for its proposed stock split. The clippings, dated May 14, 2026, were published in Financial Express and Jansatta to inform shareholders about the notice for sending the Postal Ballot Notice and Form. This filing was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

The company is seeking shareholder approval for the sub-division of its equity shares in the ratio of 1:5. The Board of Directors approved this proposal at its meeting held on May 11, 2026. The split involves sub-dividing 1 equity share with a face value of Rs. 10/- each into 5 equity shares with a face value of Rs. 2/- each. The corporate action aims to enhance liquidity and encourage wider participation from small investors.

Consequent to the sub-division, the authorized share capital will be adjusted to 10,40,00,000 equity shares of Rs. 2/- each. The issued, paid-up, and subscribed capital will be adjusted to 5,19,58,660 equity shares of Rs. 2/- each. This change will also require a consequential amendment to the capital clause of the Memorandum of Association.

The remote e-voting period commenced at 9:00 A.M. (IST) on Thursday, May 14, 2026, and will conclude at 5:00 P.M. (IST) on Friday, June 12, 2026. Shareholders holding shares as of the cut-off date of May 8, 2026, are eligible to vote. The company has appointed M/s V. Hari & Co., Practicing Company Secretary, as the Scrutinizer for the process. Results will be announced within 48 hours of the voting conclusion.