Indo Gulf Industries reported a net loss of ₹41.65 for the financial year ended March 31, 2026, a significant decline from the net profit of ₹653.58 recorded in the previous year. Revenue from operations fell to ₹21,935.04 from ₹24,701.52 in FY25, impacting the company's overall profitability. The board approved the audited financial results during its meeting held on May 29, 2026.

The company's total expenses for the year stood at ₹21,964.04, slightly lower than the ₹23,840.24 reported in the prior year. However, the cost of materials consumed increased to ₹19,919.43 from ₹21,673.81. Finance costs also rose to ₹79.64 from ₹48.36, further squeezing margins. For the quarter ended March 31, 2026, the company reported a net profit of ₹108.90, reversing the loss of ₹19.19 seen in the same period last year.

Hemant Arora & Co. LLP, the statutory auditors, issued an unmodified opinion on the standalone financial statements. The auditors identified litigations and claims with multiple tax and regulatory authorities as a key audit matter, noting the inherent subjectivity in estimating these financial exposures. The company stated that no separate reportable segments exist as per Ind AS 108.

The balance sheet as of March 31, 2026, showed total assets of ₹9,618.13, up from ₹5,679.79 in the previous year. Non-current assets increased to ₹5,476.24, driven by property, plant and equipment and capital work in progress. Current assets also rose to ₹4,141.89, primarily due to a substantial increase in inventories to ₹1,453.20 and other current assets to ₹2,331.55.

On the liabilities side, total equity and liabilities reached ₹9,618.13. Borrowings increased significantly, with non-current borrowings at ₹1,982.90 and current borrowings at ₹410.24. Trade payables rose to ₹2,623.34. Cash and cash equivalents decreased to ₹33.00 from ₹83.31 in the previous year, reflecting the net cash outflow from operating and investing activities.

Financial Performance Summary

Indo Gulf Industries Limited has filed declarations under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that its promoters have not created any encumbrance on their shareholding during the financial year 2025-26. The filing was submitted to BSE Limited on 8th May, 2026, covering the period ended 31st March, 2026.

Promoter Declaration Details

The company enclosed declarations received from its promoters as required under the applicable SEBI regulations. The key details of the disclosure are summarised below:

Nature of Disclosure

Rajesh Jain, acting on behalf of Ganesh Explosives Private Limited, declared that neither he nor any Persons acting in concert have made any encumbrance, directly or indirectly, on the shares held by them during the financial year 2025-26. The declaration was addressed to both BSE Limited and the Chairman of the Audit Committee of Indo Gulf Industries Limited.

Regulatory Background

Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 mandates that every promoter of a listed company must declare, on an annual basis, whether any encumbrance has been created on the shares held by them. This requirement is aimed at ensuring transparency in promoter shareholding and protecting the interests of public shareholders. The submission of such declarations to stock exchanges forms part of the company's ongoing compliance obligations under SEBI's takeover regulations.