Indo SMC passes resolutions at EGM with 100% approval

Indo SMC Limited secured shareholder approval for the appointment of an Independent Director and Secretarial Auditors during its Extraordinary General Meeting (EGM) held on July 06, 2026. The meeting, conducted via video conferencing, saw all resolutions passed with the requisite majority, reinforcing the company's governance structure.

The remote e-voting facility was available from July 03, 2026, at 9:00 A.M. to July 05, 2026, at 5:00 P.M. The proceedings were scrutinized by CS Sunil A. Mulchandani of Sunil Mulchandani & Associates, who was appointed as the Scrutinizer for the meeting. The voting results were submitted to the Bombay Stock Exchange in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolutions Passed

Shareholders approved the appointment of Mr. Arpankumar Patel (DIN: 08792951) as an Independent Director for a term of five consecutive years through a Special Resolution. Additionally, the members passed an Ordinary Resolution for the appointment of Secretarial Auditors of the Company.

Sr. No.	Businesses	Type of Resolution
1.	Appoint Mr. Arpankumar Patel (DIN: 08792951) as an Independent Director of the Company for a term of five consecutive years	Special Resolution
2.	Appointment of Secretarial Auditors of the Company	Ordinary Resolution

Voting Summary

A total of 14,743,500 votes were polled, representing 64.5079% of the outstanding shares. All votes were cast in favour of the resolutions, with no votes registered against them. The record date for determining shareholder eligibility was June 29, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.15%	+6.68%	+57.35%	+171.96%	+171.96%	+171.96%

Indo SMC Limited reported a significant financial turnaround for the fiscal year ended March 31, 2026, with Profit After Tax (PAT) rising to ₹3,238.30 lakh from ₹1,683.26 lakh in FY25. The company, an ISO 9001:2015 and ISO 14001:2015 certified manufacturer of electrical enclosures and transformers, attributed this growth to a robust order book and strategic expansion into new product segments. Revenue from operations surged to ₹30,973.93 lakh in FY26, compared to ₹13,869.25 lakh in the previous year, reflecting strong demand across its Sheet Moulding Compound (SMC), Fiberglass Reinforced Plastic (FRP), and Electrical Component divisions.

Operational Performance and Order Book

The company’s operational momentum is underscored by a healthy order book position valued at ₹142.45 crore as of February 9, 2026. Recent business highlights include securing cumulative purchase orders worth ₹54+ crore, covering FRP cable trays, SMC meter boxes, and busduct systems. A significant development was the entry into the busduct power distribution segment with an order worth ₹20.89 crore, showcasing diversification into high-performance industrial electrical infrastructure solutions. Additionally, the company received MSEDCL vendor approval for 11 kV metering cubicles, valid for two years, which enables participation in ongoing schemes with an estimated supply potential of ~₹10 crore.

Financial Highlights for FY26

Indo SMC’s financial performance for FY26 demonstrates substantial growth across key metrics. Total Income increased to ₹31,049.53 lakh from ₹13,877.92 lakh in FY25. The company’s EBITDA stood at ₹4,764.65 lakh, a significant improvement over the previous year. The second half of the fiscal year (H2 FY26) was particularly strong, with Revenue from Operations reaching ₹19,719.83 lakh compared to ₹6,892.72 lakh in H2 FY25. Profit Before Tax (PBT) for FY26 was recorded at ₹4,053.67 lakh, while H2 FY26 PBT stood at ₹2,650.19 lakh.

Profit & Loss Statement (₹ in Lakhs)

Particulars	FY26	FY25	FY24
Revenue from operations	30,973.93	13,869.25	2,803.38
Total Income	31,049.53	13,877.92	2,805.90
Total Expenses	26,284.88	11,528.73	2,289.26
EBITDA	4,764.65	2,349.19	508.47
PBT	4,053.67	1,898.47	369.13
PAT	3,238.30	1,683.26	300.36

Strategic Expansion and Product Portfolio

The company continues to expand its manufacturing footprint with four facilities located across Gujarat, Maharashtra, and Rajasthan. Management has outlined plans to launch new panels by August 2026, targeting a 20% market share by 2027. The product portfolio includes high-voltage solutions such as 11 kV and 33 kV metering cubicles, Ring Main Units (RMU), and various busduct systems designed for efficiency in power distribution. Indo SMC is also focusing on high-growth sectors including defence, automotive, and medical devices to diversify its revenue streams further.

Balance Sheet and Stock Data

As of March 31, 2026, the company’s Share Capital was recorded at ₹2,285.54 lakh, while Reserves & Surplus grew to ₹13,125.95 lakh. The company’s net worth has strengthened significantly, supported by operational profitability. On the stock market, Indo SMC’s share price was recorded at ₹353.25, with a 52-week high-low range of ₹353.25 – ₹134.00. The market capitalization stood at ₹807.37 crore, reflecting investor confidence in the company’s growth trajectory.