Tamboli Industries shareholders overwhelmingly approved all resolutions at its 18th Annual General Meeting held on August 27, 2026. The meeting, conducted via Video Conference, concluded at 3:48 pm after starting at 3:00 pm.

The company secured unanimous approval for its FY26 financial statements and declared a dividend of ₹1.20 per share. Re-appointments of directors Mrs. Nikita V. Tamboli and Mr. Vipul H. Pathak also passed with strong backing.

Voting Results

A total of 3,335 shareholders were on record as of the cut-off date, August 20, 2026. Of these, 44 members attended the meeting through Video Conferencing, comprising five from the Promoter Group and 39 from the Public category. No shareholders attended in person or via proxy.

The e-voting period ran from August 24, 2026, at 9:00 am to August 26, 2026, at 5:00 pm. Ashish Shah & Associates served as the scrutinizer for the voting process.

All resolutions were passed as Ordinary or Special resolutions with the requisite majority under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Resolutions Passed

Shareholders approved four primary resolutions during the session:

• Adoption of standalone and consolidated financial statements for FY26.
• Declaration of dividend of ₹1.20 per share for the Financial Year 2025-2026.
• Re-appointment of Mrs. Nikita V. Tamboli as a Director by rotation.
• Re-appointment of Mr. Vipul H. Pathak as Whole Time Director.

Mr. Vaibhav B. Tamboli, Chairman and Managing Director, confirmed the presence of the requisite quorum before declaring the meeting open for business. All directors attended the proceedings.

Tamboli Industries Limited reported a consolidated net profit of ₹209.21 crore for the first quarter of FY27 (Q1FY27), marking a 64.3% year-on-year increase from ₹127.35 crore in Q1FY26. The growth was primarily driven by its manufacturing segment, which contributed ₹1,787.31 crore to segment revenue, up from ₹1,632.64 crore in the corresponding period last year. Consolidated income from operations rose 10.3% to ₹1,842.89 crore, reflecting robust demand across its core industrial operations despite broader market volatility.

The Board of Directors, chaired by Vaibhav B. Tamboli, approved the unaudited financial results on July 31, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors M/s P A R K & Co, Bhavnagar, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed it has no outstanding defaults on loans or debt securities as of the reporting date.

Financial Performance Highlights

The manufacturing segment remained the primary revenue driver, while investment activities contributed ₹80.57 crore. Trading activities reported no revenue for the quarter. Total comprehensive income for the period stood at ₹210.24 crore, compared to ₹124.85 crore in Q1FY26. On a standalone basis, the company reported a net profit of ₹7.23 crore, a significant improvement from ₹1.71 crore in Q1FY26. Standalone income from operations was ₹31.41 crore, up from ₹29.02 crore in the prior year quarter.

Basic earnings per share (EPS) for the consolidated entity stood at ₹2.11, compared to ₹1.28 in Q1FY26. Standalone basic EPS was ₹0.07, up from ₹0.02 in the previous year.

What the Numbers Show

A notable divergence exists between operating performance and other income. While operational profits surged 65.6% year-on-year, other income declined sharply by 66.4%, falling from ₹75.59 crore to ₹25.37 crore. This suggests that the robust profit growth is fundamentally driven by core business operations rather than non-operating gains, indicating improved operational efficiency. Additionally, finance costs decreased slightly to ₹110.87 crore from ₹113.54 crore, aiding margin expansion.

The company’s segment assets totaled ₹13,578.83 crore, with manufacturing assets accounting for ₹9,059.01 crore. Segment liabilities were contained at ₹1,123.42 crore, reflecting a strong balance sheet position with minimal leverage risk as no loans or revolving facilities were outstanding as of the reporting date.