la opala rg will hold its 39th Annual General Meeting (AGM) on August 27, 2026, via Video Conferencing/Other Audio-Visual Means (VC/OAVM) to seek shareholder approval for its FY26 financial results and a proposed final dividend of ₹5.00 per equity share. The meeting agenda includes the adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026, during which net profit after tax (PAT) declined 4.43% to ₹92.30 crore. Shareholders holding shares as of the cut-off date, August 20, 2026, are eligible to vote and receive the dividend if approved.

Remote e-voting through National Securities Depository Limited (NSDL) commenced on August 24, 2026, at 9:00 A.M. and concludes on August 26, 2026, at 5:00 P.M. The company dispatched the Integrated Annual Report for FY25-26 electronically to members who registered email addresses by July 31, 2026, in compliance with Regulation 36(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Physical copies were sent to those without registered emails. The notice was also published in 'Business Standard' and 'Ekdin' on August 4, 2026.

Financial Performance Review

The Board recommended a final dividend of ₹5.00 per share, representing a 250% payout on the ₹2 face value shares. This recommendation follows a year where revenue from operations contracted by 6.87% to ₹309.06 crore from ₹331.86 crore in FY25. Despite the top-line decline, EBITDA margins expanded by 390 basis points to 37.31%, driven by a 10.64% reduction in total expenses to ₹220.87 crore. Other income fell sharply to ₹32.20 crore from ₹47.73 crore, reducing its contribution to total revenues to 10.42%. An exceptional item expense of ₹179.19 lakh related to new labor code implementation also impacted the bottom line.

Voting and Compliance Details

Mr. Pravin Kumar Drolia, Practicing Company Secretary, has been appointed as the Scrutinizer to ensure a fair and transparent voting process. The voting results, along with the Scrutinizer’s Report, will be declared within two working days of the AGM’s conclusion. The meeting is convened pursuant to Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI Listing Regulations. Members attending the AGM via VC/OAVM who have not cast remote votes can vote electronically during the meeting. Those who have already voted remotely cannot vote again.

La Opala RG Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with stock exchanges on August 3, 2026, in compliance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report is prepared on a standalone basis and covers the company's operations as a manufacturer of table and kitchen glassware, which accounts for 100% of its turnover. The company reported a turnover of Rs. 30,541.29 lacs and a net worth of Rs. 82,036.00 lacs as on March 31, 2026. Exports contributed 11.70% of total turnover in FY 2025-26, with the company serving customers across 40+ countries internationally and pan-India domestically.

Company Overview and Operations

Incorporated in 1987 and headquartered at Eco Centre, 8th Floor, EM-4, Sector-V, Kolkata - 700 091, La Opala RG Limited operates 3 plants and 1 office nationally, with no international facilities. Its products — classified under NIC Code 23105 — are marketed primarily to homemakers and upper and middle class households through retail crockery stores, large format retail stores, and e-commerce platforms. The company has a paid-up capital of Rs 22,20,00,000 and does not have any holding, subsidiary, associate, or joint venture company.

Workforce Composition

As of March 31, 2026, the company's total workforce comprised employees and workers across permanent and contractual categories. The following table summarises the workforce breakdown:

Women represent 33.33% of the Board of Directors (2 out of 6 members). All 409 permanent employees and 318 permanent workers received 100% performance and career development reviews in FY 2025-26. The turnover rate for permanent employees stood at 17% (total) in FY 2025-26, while permanent workers recorded a turnover rate of 12% (total). The elevated turnover rate of 62%–74% for permanent workers in FY 2024-25 was attributed to the suspension of operations at the Opal Glass Unit in Madhupur, Jharkhand.

Environmental Performance

The company's energy consumption in FY 2025-26 was sourced entirely from non-renewable sources. Total electricity consumption stood at 1,56,950 GJ and total fuel consumption at 2,816 GJ, resulting in total non-renewable energy consumption of 1,59,766 GJ, compared to 1,29,344 GJ in FY 2024-25. Energy intensity per rupee of turnover was 0.000052 GJ/INR in FY 2025-26, up from 0.000039 GJ/INR in FY 2024-25.

Greenhouse gas emissions for the year are summarised below:

Air emission levels recorded in FY 2025-26 included NOx at 72.10 µg/m³, SOx at 38.00 µg/m³, PM10 at 325.56 µg/m³, and PM2.5 at 182.15 µg/m³. The company has not yet formulated its GHG inventory for Scope 3 emissions. To reduce GHG emissions, the company has undertaken plantation drives and procurement of energy-efficient machines. In FY 2025-26, 42.16% of inputs were sourced from MSME companies. Waste management highlights include recycling of plastics (20.87 MT in FY 2025-26 vs. 23.81 MT in FY 2024-25), hazardous waste disposal of 13.20 MT (vs. 19.00 MT), and other waste disposal of 360.73 MT (vs. 327.15 MT).

Governance, CSR, and Stakeholder Engagement

The company's Board-approved policies cover all nine NGRBC principles, with compliance checked quarterly and policies updated on a need basis. No independent external assessment of policies was carried out during the year. The CSR Committee, a board-level body, oversees sustainability initiatives. The company targets zero waste to landfill and zero effluent discharge while moderating water consumption intensity. CSR spending included Rs. 34,57,439 directed towards the aspirational district of Udham Singh Nagar in Uttarakhand. CSR projects spanned hospital development, tribal education, rural social welfare, healthcare, women empowerment, animal welfare, and promotion of sports and arts.

On the sales concentration front, sales to dealers and distributors accounted for 78% of total sales in FY 2025-26 (76% in FY 2024-25), with 325 dealers/distributors (305 in FY 2024-25). Sales to the top 10 dealers/distributors represented 18% of total dealer sales (21% in FY 2024-25). No complaints related to working conditions or health and safety were filed by employees or workers in either FY 2025-26 or FY 2024-25. Customer complaints under the "Other" category totalled 30 in FY 2025-26, down from 74 in FY 2024-25, with all resolved and none pending. No data breaches, product recalls, or cases of anti-competitive conduct were reported during FY 2025-26.