Indsil Hydro Power and Manganese Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹1,499.71 lakh compared to a net loss of ₹7,607.92 lakh in the previous year. Revenue from operations for the year stood at ₹15,151.79 lakh, while total income was ₹15,460.28 lakh. The Board has recommended a final dividend of ₹0.60 per share, or 6%, subject to shareholder approval at the upcoming Annual General Meeting.

The Board, in its meeting held on May 25, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditor, M/s. Divya K R and Associates, provided an unmodified opinion on the results. For the quarter ended March 31, 2026, the company reported a net profit of ₹109.37 lakh, a significant improvement from the net loss of ₹2,525.16 lakh in the corresponding quarter of the previous year.

Financial Performance

The turnaround in FY26 was driven by a reduction in total expenses, which decreased to ₹13,939.14 lakh from ₹14,074.52 lakh in the previous year. Finance costs were substantially lower at ₹1.84 lakh compared to ₹325.76 lakh in FY25. Profit before tax for the year was ₹1,521.14 lakh, a sharp recovery from the profit before tax of ₹9,115.96 lakh in the prior year, which was impacted by exceptional items.

Corporate Governance and Appointments

The Board approved the re-appointment of Sri. B. Venkateswar as the Cost Auditor and M/s. R Rahul Jain & Co., Chartered Accountants, as the Internal Auditors for the financial year 2026-27. Additionally, the Board recommended the re-appointment of Smt. T Kalaivani and Smt. Gayatri Vijaiakumar as Independent Directors for a second term of five consecutive years effective from August 19, 2027, subject to shareholder approval.

The 36th Annual General Meeting is scheduled to be held on September 17, 2026, via video conference. The record date for determining shareholder eligibility for the dividend is September 10, 2026. The company also noted that it has ceased to be a subsidiary of Sunmet Holdings Private Limited and is now classified as an associate company.

Indsil Hydro Power & Manganese has disclosed the receipt of a demand order from the Superintendent, Central GST & Central Excise, Range-I, Division-II, Raipur, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order was received on 31st December 2025 and the disclosure was made on May 12, 2026. The company acknowledged that the delay in disclosure was due to inadvertence and has committed to ensuring no such instances occur going forward.

Details of the GST Demand Order

The order was passed under Section 74 of the Central Goods and Services Tax (CGST) Act, 2017. It involves the disallowance of Input Tax Credit (ITC), confirmation of GST demand under the Reverse Charge Mechanism (RCM), and the levy of applicable interest and penalty. The key financial details of the demand are presented below:

Nature of Alleged Contravention

The order pertains to the alleged excess availment of Input Tax Credit and non-payment or short payment of Goods and Services Tax under the Reverse Charge Mechanism, along with applicable interest and penalty. The demand was raised by the Central GST authorities following their assessment of the company's GST compliance.

Company's Response and Financial Impact

Indsil Hydro Power & Manganese has filed an appeal against the order before the Appellate Authorities. The company has stated that there is no material impact on its financials, operations, or other activities as a result of this order. The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.