Indo Rama Synthetics (India) Limited has issued the notice for its 40th Annual General Meeting (AGM), scheduled to be held on Tuesday, September 8, 2026, at 11:30 am Indian Standard Time. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs circulars.

The company notified the National Stock Exchange of India Limited and BSE Limited on August 17, 2026, pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing serves as a continuation of earlier communications dated July 29, 2026, and August 11, 2026.

Meeting Agenda

The AGM agenda includes both ordinary and special business. Ordinary business involves receiving, considering, and adopting the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Additionally, shareholders will vote on the re-appointment of Mr. Vishal Lohia as a director, who retires by rotation.

Special business items include:

• Re-appointment of Mr. Om Prakash Lohia as Chairman and Managing Director for a further period of three years, from December 26, 2026, to December 25, 2029.
• Re-appointment of Mr. Dharmpal Agarwal as an Independent Director for a second term of five years.
• Appointment of Mrs. Ambika Sharma and Mr. Atim Kabra as Independent Directors.
• Ratification of remuneration payable to the Cost Auditor, Mr. R. Krishnan.
• Approval of material related party transactions with TPT Petrochemicals Public Co. Limited, Thailand, for the purchase of raw materials up to ₹1,000 crore for FY27.

E-Voting and Record Details

The cut-off date for e-voting eligibility is Tuesday, September 1, 2026. Shareholders holding equity shares on this date are entitled to vote. Remote e-voting will commence on Saturday, September 5, 2026, at 9:00 am IST and conclude on Monday, September 7, 2026, at 5:00 pm IST. The Register of Members and Share Transfer Books will remain closed from Wednesday, September 2, 2026, to Tuesday, September 8, 2026, inclusive.

CS Jaya Yadav has been appointed as the Scrutinizer to oversee the remote e-voting process. The soft copy of the Annual Report for FY26 is available on the company’s website and via email to registered members. Members without registered email addresses have been sent letters containing web-links to access the documents.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE156A01020/18f5b25b-d3f2-4332-b2e9-8b2a42a7e8c1.pdf

Indo Rama Synthetics reported a consolidated net profit of ₹63.74 crore for the quarter ended June 30, 2026, marking a 20.8% year-on-year increase from ₹52.75 crore in Q1FY26. Despite a significant decline in total income from operations to ₹940.20 crore from ₹1,308.56 crore, driven by volume impacts from West Asia geopolitical issues, the company achieved substantial margin expansion. The Board of Directors approved the unaudited standalone and consolidated financial results on July 29, 2026, highlighting improved operational efficiency and cost management as key drivers of profitability amid volatile market conditions.

The financial results were reviewed by the Audit Committee and approved by the Board in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The figures have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. Statutory auditors SS Kothari Mehta & Co. LLP reviewed the results. The company also published extracts of the financial results in Business Standard (English) and Loksatta (Marathi) on July 30, 2026, pursuant to Regulation 47 of the SEBI LODR Regulations.

Consolidated Financial Performance

Operational efficiency improved significantly despite lower top-line performance. Consolidated EBITDA rose to ₹145.99 crore (derived from margin application) from ₹97.00 crore in the prior year quarter, reflecting strong cost management and a favorable product mix. The EBITDA margin expanded to 15.57% from 7.43% in Q1FY26. Standalone net profit stood at ₹33.75 crore, up from ₹32.31 crore in the same period last year. Finance costs decreased slightly to ₹29.38 crore from ₹29.03 crore, while foreign exchange fluctuation losses remained contained at ₹2.91 crore.

The following table summarises the key consolidated financial metrics for the quarter:

Corporate Governance Updates

The Board re-constituted the Stakeholders Relationship Committee under Section 178 of the Companies Act, 2013, appointing Mr. Ravi Capoor as Chairman. Key committee members include Executive Directors Om Prakash Lohia and Vishal Lohia, Whole-time Director Sanjay Gupta, Non-executive Non-Independent Director Vipin Kumar, and Independent Director Atim Kabra. The Board also amended the notice for the 40th Annual General Meeting, scheduled for September 8, 2026, due to changes in board composition.

Leadership Re-appointments

Subject to shareholder approval at the upcoming AGM, the Board approved the following re-appointments:

• Om Prakash Lohia: Re-appointed as Chairman and Managing Director for three years, effective December 26, 2026, to December 25, 2029.
• Dharmpal Agarwal: Re-appointed as Independent Director for five consecutive years, effective November 25, 2026, to November 24, 2031.

What the Numbers Show

The divergence between declining revenue and rising profitability highlights a margin-led performance strategy. While total revenue fell YoY due to external geopolitical headwinds affecting volumes, the EBITDA margin expanded substantially by over 800 basis points. This reflects Indo Rama Synthetics' ability to mitigate cost pressures through product mix optimisation, enabling higher absolute profits despite a smaller sales base. The stability in finance costs further supported bottom-line resilience.