ITL Industries Limited has fixed September 15, 2026 as the record date to ascertain dividend entitlement for the financial year 2025-26. The company proposes a dividend of ₹1.25 per equity share of face value ₹10 each, representing a payout ratio of 12.5%. This proposal is subject to approval by shareholders at the ensuing Annual General Meeting (AGM).

The 38th AGM is scheduled for Tuesday, September 22, 2026, at 11:00 am at the company’s registered office in Indore. Shareholders holding equity shares on the record date will be eligible to vote on the dividend proposal and other agenda items. The company is providing remote e-voting facilities through Central Depository Services (India) Limited (CDSL).

Corporate Action Details

The announcement was made in compliance with Regulation 44 of the SEBI (LODR) Regulations, 2015. The key dates and details are outlined below:

The filing confirms that the dividend payment will be processed only after formal ratification by the members at the AGM. The company secretary, Manoj Maheshwari, signed the disclosure filed with the BSE Limited.

ITL Industries reported a 31% year-on-year rise in net profit to ₹3.00 crore for the quarter ended June 30, 2026, driven by significant growth in its trading activities. The company’s operating income from operations expanded 26% to ₹52.19 crore, reflecting improved operational execution across its core segments.

The Board of Directors approved the unaudited financial results and recommended a dividend for FY26 during its meeting held on August 13, 2026. The company also announced that M.M. Metals Private Limited ceased to be a subsidiary effective March 20, 2026, following the disinvestment of its entire shareholding.

Financial Performance

Operating expenses rose in line with revenue growth, with cost of raw materials increasing to ₹24.71 crore and employee benefit expenses rising to ₹5.12 crore. Finance costs remained stable at ₹0.44 crore. Tax expenses were recorded at ₹0.88 crore, comprising current tax of ₹0.85 crore and deferred tax of ₹0.03 crore.

Segment-Wise Analysis

The trading activities segment emerged as the primary growth driver, contributing significantly to the overall profit expansion.

Machine manufacturing revenue stood at ₹36.26 crore, generating a pre-tax profit of ₹2.98 crore. Trading activities revenue grew sharply to ₹21.05 crore from ₹14.81 crore in the same period last year, with segment profit jumping to ₹1.34 crore from ₹0.99 crore. Inter-segment revenue was eliminated at ₹4.62 crore.

What the Numbers Show

The divergence between revenue growth and profit expansion highlights the improving contribution margin in the trading segment. While machine manufacturing revenue grew moderately, the trading segment’s profit nearly doubled, indicating higher value realization or volume efficiency in trading operations compared to the previous year.

Corporate Actions

The Board approved several administrative and governance measures:

• Re-appointment of the Cost Auditor for FY27.
• Enhancement of remuneration ceilings for Mr. Ravish Jain, Mr. Prakhar Jain, Mr. Manish Jain, and Mr. Shekhar Jain, subject to member approval.
• Approval of material related-party transactions under Section 188 of the Companies Act, 2013.
• Adoption of new Memorandum and Articles of Association aligned with Schedule I of the Companies Act, 2013.

The 38th Annual General Meeting is scheduled for September 22, 2026, with the record date for dividend entitlement set as September 15, 2026. I G & Associates have been appointed as the scrutinizer for e-voting and the AGM.