International Combustion opens special window for share dematerialisation

1 min read     Updated on 15 Jul 2026, 07:44 PM
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International Combustion (India) Ltd has opened a special window until February 4, 2027, for the transfer and dematerialisation of physical shares bought before April 1, 2019. Shares transferred under this scheme will be credited in demat form and locked in for one year.

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International Combustion (India) Ltd has opened a special window for the transfer and dematerialisation of physical shares, providing an opportunity for shareholders to regularise holdings purchased or sold prior to April 1, 2019. This initiative follows a SEBI circular dated January 30, 2026, and addresses cases where transfer requests were previously rejected, returned, or not attended due to deficiencies. The special window will remain open until February 4, 2027.

Shares transferred under this special window will be credited only in dematerialised (demat) form and are subject to a lock-in period of one year from the date of registration of the transfer. Eligible shareholders are required to submit their requests along with requisite documents to either the company's Registrar and Share Transfer Agent or the Company Secretary.

Submission Details

Shareholders can submit their requests to the following addresses:

  • Registrar and Share Transfer Agent: MUFG Intime India Private Limited (Formerly CB Management Services Pvt. Ltd.), Rasoi Court, 5th Floor, 20 Sir R. N. Mukherjee Road, Kolkata-700001. Email: investor.helpdesk@in.mpmf.mufg.com
  • Company Secretary: International Combustion (India) Ltd, Infinity Benchmark, 11th Floor, Plot No. G-1, Block EP & GP, Sector-V, Salt Lake Electronic Complex, Kolkata-700091. Email: secretarial@internationalcombustion.in

The move is part of a broader regulatory effort to facilitate the dematerialisation of physical securities and ensure smoother market operations.

Historical Stock Returns for International Combustion

1 Day5 Days1 Month6 Months1 Year5 Years
-0.98%+3.12%+21.89%+7.12%-28.28%+165.37%

How will the one-year lock-in period on transferred shares impact the liquidity and trading volume of International Combustion (India) Ltd?

What is the estimated volume of physical shares currently held by investors that could potentially be regularized through this window?

Will other listed companies follow suit with similar special windows following the SEBI circular, and what does this mean for the broader market?

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International Combustion posts net loss for FY26

1 min read     Updated on 29 May 2026, 03:17 PM
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International Combustion (India) Limited reported a net loss of ₹239.15 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹1494.82 lakh in FY25. Revenue from operations increased slightly to ₹29466.68 lakh. The board approved the audited results, did not recommend a dividend, and scheduled the AGM for August 19, 2026.

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International Combustion (India) Limited reported a net loss of ₹239.15 lakh for the financial year ended March 31, 2026, a sharp decline from the net profit of ₹1494.82 lakh recorded in the previous year. The company's revenue from operations for FY26 stood at ₹29466.68 lakh, marginally higher than the ₹29298.11 lakh reported in FY25. The board of directors, meeting on May 28, 2026, approved the audited financial results but decided not to recommend any dividend for the financial year 2025-26.

The financial performance was adversely impacted by increased costs of input materials and operating expenses, which rose despite operational revenue remaining at similar levels to the previous year. The company recognized an exceptional item of ₹51 lakh during the year, related to past service costs for gratuity and leave encashment following the notification of new Labour Codes by the Government of India. Consequently, the profit before exceptional items and tax for the year was a negative ₹268.63 lakh.

Quarterly Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹107.66 lakh, a recovery from the net loss of ₹265.46 lakh in the quarter ended December 31, 2025. Revenue from operations for Q4FY26 was ₹8619.55 lakh, compared to ₹7258.01 lakh in the preceding quarter. The total expenses for the quarter were ₹8548.56 lakh, slightly lower than the income, allowing for a marginal profit before tax and exceptional items of ₹70.99 lakh.

Key Financial Metrics

Particulars Year Ended 31.03.2026 (₹ in Lakh) Year Ended 31.03.2025 (₹ in Lakh)
Revenue from operations 29466.68 29298.11
Total Expenses 29735.31 28089.83
Profit / (Loss) before tax (319.63) 1354.12
Net Profit / (Loss) (239.15) 1494.82
Earnings Per Share (Basic) (10.01) 62.54

Board Decisions and Appointments

Alongside the financial results, the board approved the re-appointment of M/s. Swapan De & Associates as Internal Auditors for FY27 and M/s. Roy Amit & Co. as Tax Auditors for FY26. The board also convened the 90th Annual General Meeting for August 19, 2026, via Video Conferencing. The trading window for insiders, which had been closed since April 1, 2026, will remain shut until 48 hours after the declaration of these financial results.

Historical Stock Returns for International Combustion

1 Day5 Days1 Month6 Months1 Year5 Years
-0.98%+3.12%+21.89%+7.12%-28.28%+165.37%

What specific strategies is the company implementing to mitigate the rising costs of input materials and operating expenses?

How will the recent notification of new Labour Codes and the associated exceptional costs impact the company's long-term financial planning?

Given the Q4 recovery, is the company confident in sustaining profitability in the upcoming fiscal year?

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1 Year Returns:-28.28%