Ion Exchange has scheduled its 62nd Annual General Meeting (AGM) for Friday, September 11, 2026, at 11:00 am. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) regulations.

Meeting Agenda

The primary business items for the AGM include:

• Adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026.
• Declaration of dividend on equity shares.
• Re-appointment of Mr. Dinesh Sharma as a Non-Executive Non-Independent Director, who retires by rotation.

Under special business, shareholders will vote to ratify the remuneration of M/s. R. Nanabhoy & Co., Cost Accountants, Mumbai, as the Cost Auditors for the financial year ending March 31, 2027. The approved remuneration is ₹4,75,000 plus applicable taxes and out-of-pocket expenses.

Director Profile

Mr. Dinesh Sharma, Vice-Chairman, seeks re-appointment. He holds a B.Sc. degree and possesses extensive experience in business management and marketing. Mr. Sharma holds 57,12,710 shares in the company and is related to Mr. Rajesh Sharma, the Executive Chairman. He attended 6 out of 7 board meetings during the relevant period.

Voting and Logistics

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The voting window opens on Monday, September 7, 2026, at 9:00 am and closes on Thursday, September 10, 2026, at 5:00 pm. The record date for determining voting eligibility is September 4, 2026.

Key logistical details:

• Proxy Facility: Not available for this AGM per MCA Circular No. 14/2020. Body corporates may appoint authorized representatives.
• Dividend Payment: Dividends, if declared, will be paid electronically only, subject to tax deduction at source (TDS). Physical warrants are discontinued.
• Unclaimed Shares: The company transferred 83,526 shares to the Investor Education and Protection Fund (IEPF) during FY26 for unclaimed dividends over seven consecutive years.

Shareholders are advised to update their KYC details and bank mandates with their Depository Participants or the Registrar and Transfer Agent (RTA), M/s. MUFG Intime India Private Limited, to ensure smooth processing of dividends and service requests.

Ion Exchange (India) Limited reported a sharp decline in profitability for the financial year ended March 31, 2026, even as revenue continued to grow. The company's standalone net profit after tax fell to INR 13,837.92 Lacs from INR 21,448.27 Lacs in the previous year, weighed down by higher finance costs linked to the new Roha resin manufacturing plant, elevated raw material costs, and the non-recurring impact of newly notified Labour Codes. Standalone revenue from operations grew to INR 2,67,890.54 Lacs from INR 2,54,006.25 Lacs, representing growth of approximately 5.5%.

Financial Highlights

The following table summarises the key standalone and consolidated financial metrics for FY26 and FY25 (INR in Lacs):

On a standalone basis, EBITDA margin contracted as earnings before interest, taxes, depreciation fell to INR 27,928.38 Lacs from INR 33,639.64 Lacs. Finance costs more than doubled to INR 2,054.06 Lacs from INR 838.46 Lacs, and depreciation rose to INR 5,758.37 Lacs from INR 3,999.23 Lacs, both primarily attributable to the commissioning of the Roha resin manufacturing facility.

Performance Highlights (Management Discussion)

The Management Discussion and Analysis report disclosed the following standalone and consolidated performance highlights:

Standalone:

• Total Income: INR 2,774 crores
• EBITDA: INR 279 crores
• EBITDA Margin: 10%
• Net Profit After Tax: INR 138 crores
• PAT Margin: 5%
• Diluted EPS: 11.257 (face value INR 1 each)

Consolidated:

• Total Income: INR 3,001 crores
• EBITDA: INR 297 crores
• EBITDA Margin: 9.9%
• Net Profit After Tax: INR 143 crores
• PAT Margin: 4.8%
• Diluted EPS: 12.034 (face value INR 1 each)

Exceptional Item: Labour Codes

On November 21, 2025, the Government of India notified four Labour Codes consolidating twenty-nine existing labour laws. The resulting increase in gratuity liability from past service cost and leave liability together amounted to INR 1,454.41 Lacs on a standalone basis and INR 1,689.04 Lacs on a consolidated basis. Ion Exchange has presented this incremental amount as an exceptional item — "Impact of Labour Codes" — in its financials for the year ended March 31, 2026, given the non-recurring nature of the enactment.

Dividend

The Board of Directors recommended a final dividend of INR 1.25 per equity share of face value INR 1 each for FY26, compared to INR 1.50 per equity share in FY25. The record date for dividend entitlement has been fixed as Monday, August 31, 2026. Dividend, if declared at the Annual General Meeting scheduled for September 11, 2026, will be paid within 30 days of declaration.

Segment-Wise Performance

The company operates across three business segments:

The Engineering segment secured significant orders from the solar sector and progressed on desalination projects in North Africa. The Chemical segment recorded marginal sales volume growth, with margins under pressure from elevated raw material costs and the ramp-up costs of the Roha facility. The Consumer Products segment delivered strong performance, with the Home Water Solutions business recording robust growth and institutional order bookings rising over 65%.

Roha Plant and New Capacity

A key development during FY26 was the commissioning of both cation and anion resin production at the greenfield resin manufacturing facility at Roha, Maharashtra. Out of the total planned production capacity of 42,600 cubic metres per year, a portion with a capacity of 3,696 cubic metres per year was started from September 30, 2025. The facility incorporates non-solvent manufacturing technologies and features an Effluent Treatment Plant with Zero Liquid Discharge capacity to treat 3,000 KLD of wastewater. The plant supports the company's Make in India alignment and is expected to serve growing domestic and international demand.

Key Subsidiary Performance

Selected subsidiary results for FY26 are summarised below:

Ion Exchange & Co. LLC, Oman was awarded a long-term contract by Petroleum Development Oman under a Design, Build, Own, Operate and Maintain agreement for a Potable Water Facility and Sewage Treatment Facility in the South PDO Concession Area. The aggregate contract value is OMR 73.46 million (approximately INR 1,730 crore over the contract period), with a tenure of twenty years.

CSR and Governance

The company's total CSR obligation for FY26 was INR 5,30,87,216. Total CSR expenditure amounted to INR 5,31,36,196, resulting in a marginal excess spend of INR 48,980 over the statutory requirement. CSR initiatives covered education, health and hygiene, drinking water, rural development, and skill development, collectively benefiting over 60,955 beneficiaries across more than 50 projects. The Board met seven times during FY26. No complaints were received under the Sexual Harassment of Women at Workplace Act during the year. Foreign exchange earnings for the year were INR 57,023.97 Lacs and foreign exchange outgo was INR 28,519.22 Lacs.

Annual General Meeting

The 62nd Annual General Meeting of Ion Exchange (India) Limited is scheduled for Friday, September 11, 2026 at 11:00 AM through Video Conferencing/Other Audio Video Means. The AGM will consider adoption of audited financial statements for FY26, declaration of dividend, re-appointment of Mr. Dinesh Sharma (DIN: 00051986) as director retiring by rotation, and ratification of remuneration of INR 4,75,000/- payable to M/s. R. Nanabhoy & Co. as Cost Auditors for the financial year ending March 31, 2027.