NCL Industries Limited has released its production and dispatch data for the fourth quarter and full year ended March 31, 2026, revealing a mixed operational performance across its diversified business segments. The company filed the disclosure under Regulation 30 of SEBI listing requirements, providing comprehensive insights into its manufacturing activities.

Cement Business Shows Steady Growth

The company's core cement operations demonstrated consistent performance during Q4 FY26. Cement production reached 8,02,600 MT compared to 7,90,663 MT in the corresponding quarter of the previous year, marking a 2% growth. Similarly, cement dispatches increased by 1% to 8,04,813 MT from 7,94,096 MT in Q4 FY25.

For the full year FY26, cement production totaled 27,68,119 MT against 27,11,868 MT in FY25, representing a 2% annual growth. Cement dispatches for the year stood at 27,62,822 MT compared to 27,12,471 MT in the previous year, also showing 2% growth.

Cement Boards Segment Faces Challenges

The cement boards division experienced significant contraction during the reporting period. Q4 FY26 production declined sharply by 51% to 10,164 MT from 20,767 MT in Q4 FY25. Cement boards dispatches also decreased by 22% to 15,920 MT compared to 20,438 MT in the corresponding previous quarter.

The annual performance for cement boards showed production of 50,175 MT in FY26 against 82,299 MT in FY25, reflecting a 39% decline. Annual dispatches decreased by 29% to 55,521 MT from 78,617 MT in the previous year.

Other Business Segments Performance

The ready-mix concrete (RMC) segment recorded production and sales of 70,389 CuM in Q4 FY26, down 5% from 73,954 CuM in Q4 FY25. For the full year, RMC operations totaled 2,76,503 CuM compared to 3,15,238 CuM in FY25, showing a 12% decline.

The doors segment experienced the most significant impact, with quarterly production and sales dropping to just 20 units in Q4 FY26 from 4,725 units in Q4 FY25. Annual door production and sales fell dramatically by 94% to 1,934 units from 32,146 units in the previous year.

Energy Generation Shows Resilience

NCL Industries' hydro power generation provided a positive note, with annual energy production of 35.58 MU in FY26 compared to 34.44 MU in FY25, representing 3% growth. However, Q4 FY26 energy generation was 2.45 MU against 3.09 MU in Q4 FY25, showing a 21% quarterly decline.

The disclosure was signed by M. Divya Bharathi, Company Secretary and Compliance Officer, and submitted to both BSE and NSE as part of the company's regulatory compliance requirements.

NCL Industries Limited has submitted its quarterly regulatory certificate to stock exchanges, confirming compliance with dematerialization procedures for the quarter ended March 31, 2026. The filing represents part of the company's ongoing regulatory obligations under SEBI guidelines.

Regulatory Compliance Certificate

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both Bombay Stock Exchange Limited and National Stock Exchange of India Limited. The certificate was issued by the company's Registrar and Transfer Agent, Venture Capital and Corporate Investments Private Limited, on April 3, 2026.

Dematerialization Process Confirmation

The RTA certificate confirms that all securities received for dematerialization during the quarter were properly processed according to regulatory requirements. The verification process included mutilation and cancellation of physical share certificates after due verification.

Key aspects of the dematerialization process include:

• Proper mutilation and cancellation of physical certificates
• Verification of all documentation before processing
• Timely updating of depository records
• Compliance with 15-day processing timeline

Depository Updates

The certificate confirms that both major depositories have been updated with the necessary ownership changes. The names of National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) have been updated in the company's records as registered owners within the mandated 15-day period from receipt of valid Dematerialization Request Forms and share certificates.

Corporate Compliance

The submission was signed by M. Divya Bharathi, Company Secretary and Compliance Officer of NCL Industries Limited. The filing ensures that stock exchanges and depositories are informed of the proper completion of dematerialization procedures during the quarter.

The certificate submission represents standard quarterly compliance for listed companies, ensuring transparency in the dematerialization process and maintaining accurate records across all regulatory bodies and depositories where the company's securities are held.