Pilani Investment and Industries Corporation Limited has reported a 57.58% decline in standalone net profit to ₹7,185.76 Lakhs for the financial year ended March 31, 2026, driven by a sharp rise in borrowing costs. The company has scheduled its 79th Annual General Meeting (AGM) for July 13, 2026, via Video Conferencing to seek shareholder approval for the financial results and a proposed dividend of ₹9 per share.

Financial Performance

The standalone net profit fell from ₹16,940.61 Lakhs in FY25 to ₹7,185.76 Lakhs in FY26, while consolidated profit for the year dropped 68.46% to ₹3,105.55 Lakhs. Total income on a standalone basis stood at ₹29,348.59 Lakhs, comprising interest income of ₹20,243.35 Lakhs, dividend income of ₹8,305.05 Lakhs, and rental income of ₹110.29 Lakhs. The profitability decline was primarily attributed to finance costs, which surged to ₹16,462.15 Lakhs from ₹8,838.73 Lakhs in the previous year.

Key Ratios and Corporate Developments

Key financial ratios deteriorated during the year, with the Interest Coverage Ratio falling to 1.59 from 3.51, and the Net Profit Margin dropping to 24.94% from 53.23%. The company completed its conversion from a Non-Banking Financial Company (NBFC-ICC) to a Core Investment Company (CIC) during the year, receiving a fresh Certificate of Registration from the Reserve Bank of India on May 27, 2025. Additionally, the company raised ₹500 Crores through the allotment of Non-Convertible Debentures (NCDs) carrying a coupon rate of 8.11%.

Dividend and AGM Schedule

The Board has recommended a dividend of ₹9 per equity share of face value ₹10 each for FY26, down from ₹15 per share in the previous year. The record date to determine shareholder eligibility is July 6, 2026. The 79th AGM will be held on July 13, 2026, at 3.00 P.M. IST via Video Conferencing or Other Audio-Visual Means. Remote e-voting is available from July 9, 2026, to July 12, 2026.

Shareholders who have not registered their email addresses can access the Notice of the AGM and the Annual Report at the company's website. The company intimated the exchanges regarding the newspaper publication of the AGM notice in the June 20, 2026 editions of Financial Express and Aaajkaal.

Pilani Investment and Industries Corporation has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the National Stock Exchange of India and BSE Ltd. The filing, submitted on June 19, 2026, confirms the company's compliance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report indicates that the nature of the company's business, primarily investment and financing activities, presents no material responsible business conduct or sustainability issues pertaining to environmental and social matters.

The company reported a total turnover of ₹293,48,57,779 and a net worth of ₹150,37,14,99,896 for the financial year. Its operations are conducted on a standalone basis, with investment and financing activities accounting for 97.64% of the total turnover. The entity holds 100% stakes in subsidiaries PIC Properties Limited and PIC Realcon Limited, and a 33.29% share in associate Aditya Birla Real Estate Limited.

Governance and Workforce

The Board of Directors comprises seven members, including two women, representing 28.57% female representation. The company employs a total of 22 individuals, comprising 15 permanent employees and 7 other than permanent employees. There are no workers on the payroll. The median remuneration for Key Managerial Personnel was ₹62,36,326, while employees other than the Board and KMPs had a median remuneration of ₹18,21,863 for males and ₹13,18,935 for females.

ESG and Compliance

Pilani Investment confirmed it has not incurred any fines, penalties, or settlement amounts in proceedings with regulators during the financial year. The company maintains an anti-corruption and anti-bribery policy, available on its website. Regarding employee well-being, the cost incurred on well-being measures was 0.01% of total revenue for both FY 2025-26 and the previous year.

The report states that the company does not have any direct customers or consumers under the scope of the BRSR due to its business model. Consequently, disclosures related to product recalls, consumer complaints, and sustainable sourcing were marked as not applicable. The company also reported zero instances of data breaches or sexual harassment complaints during the year.