Insilco Ltd has rescheduled its board and committee meetings to July 28, 2026, due to a lack of quorum. The meeting, originally set for July 24, 2026, will consider the un-audited financial results for the quarter ended June 30, 2026, and the appointment of an additional director. The company is currently under voluntary liquidation effective June 25, 2021.

The Board of Directors will meet to approve the un-audited financial results for the quarter ended June 30, 2026. Additionally, the board will consider appointing Mr. Manmohan Juneja (DIN: 00464238) as a Non-Executive Independent Director for a term of five years, effective from August 4, 2026, to August 3, 2031.

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company's securities has been closed since July 1, 2026. It will remain closed until 48 hours after the declaration of the un-audited financial results for the quarter ended June 30, 2026.

The meetings of the Nomination and Remuneration Committee and the Audit Committee have also been postponed to July 28, 2026. The company cited unavoidable circumstances for the delay in convening the meetings.

Insilco Limited reported a net loss of ₹276 lakh for the financial year ended March 31, 2026, as the company continues its voluntary liquidation process. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 30, 2026. The company, which has been under voluntary liquidation since June 25, 2021, recorded no revenue from operations during the period, relying solely on other income of ₹37 lakh.

The financial statements were not prepared on a going concern basis due to the suspension of operations at the company's Gajraula plant. The Uttar Pradesh Pollution Control Board had rejected the company's application for consent to operate in October 2019. Consequently, the Board approved the voluntary liquidation process, and assets have been sold, including the Gajraula plant and land in Mehsana. Liquidation proceeds of ₹4.58 per share were distributed to shareholders in March 2025.

Financial Performance

The company’s total income for FY26 stood at ₹37 lakh, a significant decrease from ₹224 lakh in the previous year. Total expenses for the year were ₹304 lakh, down from ₹451 lakh in FY25. The net loss for the year widened to ₹276 lakh compared to a loss of ₹283 lakh in the previous year. Basic and diluted earnings per share (EPS) for the year were reported at (₹0.44).

Liquidation Status and Legal Proceedings

Ms. Kapila Gupta, the Liquidator, provided an update to the Board regarding the status of the voluntary liquidation process under the Insolvency and Bankruptcy Code, 2016. The liquidator has filed a dissolution application before the National Company Law Tribunal (NCLT), Allahabad Bench. The matter is currently listed for hearing on June 12, 2026, as the Income Tax Department had not yet filed its report.

The company is also facing legal proceedings from 36 ex-employees before the Labour Court in Rampur, seeking reinstatement and other reliefs. The Independent Auditor's Report from M/s. Shiv & Associates, Statutory Auditors, includes a qualified opinion regarding the classification of assets and liabilities due to the ongoing liquidation and the uncertainty surrounding the legal proceedings. The auditors noted that the impact of the future course of action for asset realization and liability settlement cannot be ascertained at this stage.

The Board also approved the re-appointment of M/s. APT and Co. LLP, Chartered Accountants, as the Internal Auditor for the financial year 2026-2027.