Zuari Industries confirms no new encumbrance on Texmaco Infrastructure shares in FY26

1 min read     Updated on 18 Jun 2026, 03:17 AM
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Zuari Industries Limited, along with Premium Exchange & Finance Limited and Saroj Kumar Poddar, confirmed that no new encumbrance was created on the shares of Texmaco Infrastructure & Holdings Limited during the financial year ended March 31, 2026. The disclosures were submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (SAST) Regulations, 2011.

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Zuari Industries Limited has confirmed that no new encumbrance was created on the shares of Texmaco Infrastructure & Holdings Limited during the financial year ended March 31, 2026. The declaration, submitted to the National Stock Exchange of India Limited and BSE Limited, ensures transparency regarding the shareholding structure and confirms that any existing encumbrances remain limited to those previously reported.

The communication from Zuari Industries Limited was addressed to the Audit Committee of Texmaco Infrastructure & Holdings Limited and the stock exchanges on April 6, 2026. It was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires disclosures regarding any encumbrance on shares to ensure transparency for shareholders.

The declaration was signed by Yadvinder Goyal, Company Secretary, on behalf of Zuari Industries Limited. Additionally, Premium Exchange & Finance Limited and Saroj Kumar Poddar provided separate confirmations covering shares held directly or indirectly. The confirmations explicitly state that no new charges or liens were established on the company's shares during the specified financial year beyond those already disclosed.

Key Disclosures

Entity Role Status of Encumbrance (FY26)
Zuari Industries Limited Shareholder No new encumbrance
Premium Exchange & Finance Limited Director No new encumbrance
Saroj Kumar Poddar Individual No new encumbrance
Saroj & Co. (HUF) Karta No new encumbrance
Saroj and Jyoti Poddar Holdings Private Trust Trustee No new encumbrance

Historical Stock Returns for Texmaco Infrastructure & Holdings

1 Day5 Days1 Month6 Months1 Year5 Years
+0.16%+4.28%+6.89%-1.59%+0.31%+51.80%

How will this clean encumbrance status impact Texmaco Infrastructure's ability to raise capital or secure loans in the upcoming fiscal year?

Does the absence of new encumbrances suggest Zuari Industries is preparing to maintain its current stake or potentially increase its position in Texmaco?

What are the strategic implications of this disclosure for potential mergers, acquisitions, or corporate restructuring within the Texmaco group?

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Texmaco Infra Turns Profitable in FY26, Board Recommends 15% Dividend

5 min read     Updated on 14 May 2026, 07:08 AM
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Texmaco Infrastructure & Holdings reported a strong FY26 turnaround with consolidated net profit of ₹1,116.44 lakhs against a loss of ₹695.40 lakhs in FY25, driven by Real Estate segment profit of ₹1,036.38 lakhs. Standalone net profit reached ₹998.07 lakhs, with revenue growing to ₹1,144.50 lakhs. The Board recommended a 15% dividend (Re. 0.15 per share), and auditors L. B. Jha & Co LLP issued unmodified opinions on both standalone and consolidated results.

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Texmaco Infrastructure & Holdings has reported its audited standalone and consolidated financial results for the quarter and year ended 31st March, 2026. The company achieved a significant turnaround in profitability for the full fiscal year, following a Board of Directors meeting held on 13th May, 2026. The Board also recommended a dividend for shareholders, and the statutory auditors issued an unmodified opinion on both the standalone and consolidated financial results.

FY26 Financial Performance

The company delivered a strong recovery in its annual financial performance. On a consolidated basis, the net profit for the year ended 31st March, 2026 stood at ₹1,116.44 lakhs, compared to a net loss of ₹695.40 lakhs in the previous year. Consolidated revenue from operations rose to ₹1,746.01 lakhs from ₹1,587.41 lakhs in FY25, while total consolidated income increased to ₹4,110.82 lakhs from ₹3,302.80 lakhs. On a standalone basis, the company also returned to profitability, reporting a net profit of ₹998.07 lakhs for FY26 against a net loss of ₹855.70 lakhs in FY25, with standalone revenue from operations growing to ₹1,144.50 lakhs from ₹915.69 lakhs. Standalone other equity stood at ₹1,05,509.29 lakhs as at 31st March, 2026, compared to ₹1,31,488.31 lakhs in the prior year.

The following table summarises the key financial metrics for the quarter and full year on both a standalone and consolidated basis:

Metric: Q4 FY26 (₹ Lakhs) Q4 FY25 (₹ Lakhs) FY26 (₹ Lakhs) FY25 (₹ Lakhs)
Standalone Revenue from Operations: 293.42 173.72 1,144.50 915.69
Standalone Total Income: 667.29 705.20 3,437.39 2,552.36
Standalone Net Profit/(Loss): 44.24 9.84 998.07 (855.70)
Consolidated Revenue from Operations: 436.55 333.11 1,746.01 1,587.41
Consolidated Total Income: 833.12 954.26 4,110.82 3,302.80
Consolidated Net Profit/(Loss): 68.81 135.36 1,116.44 (695.40)

Quarterly Performance

For the quarter ended 31st March, 2026, the consolidated net profit was ₹68.81 lakhs, a decrease from ₹135.36 lakhs in the corresponding quarter of the previous year. Consolidated revenue for the quarter rose to ₹436.55 lakhs from ₹333.11 lakhs in Q4 FY25. On a standalone basis, Q4 FY26 net profit was ₹44.24 lakhs, up from ₹9.84 lakhs in Q4 FY25, with standalone revenue from operations at ₹293.42 lakhs compared to ₹173.72 lakhs in the year-ago quarter. The consolidated basic and diluted earnings per share (of Re. 1/- each, not annualised) stood at ₹0.05 for Q4 FY26 and ₹0.86 for FY26, compared to ₹0.11 and ₹(0.57) respectively in the prior year. On a standalone basis, basic and diluted EPS (not annualised) were ₹0.03 for Q4 FY26 and ₹0.78 for FY26, against ₹0.01 and ₹(0.67) respectively in the previous year.

Segment Performance

The following table presents the consolidated segment revenue and results for the quarter and year:

Segment: Q4 FY26 Revenue (₹ Lakhs) Q4 FY25 Revenue (₹ Lakhs) FY26 Revenue (₹ Lakhs) FY25 Revenue (₹ Lakhs)
Real Estate: 194.47 174.03 731.90 662.60
Mini Hydro: 13.99 7.89 352.39 286.04
Trading Goods: 93.16 — 93.16 —
Job Work Services: 153.04 167.60 638.57 705.20

The Real Estate segment was the largest contributor to consolidated revenue, reporting profit before interest and tax of ₹210.63 lakhs for Q4 FY26 and ₹1,036.38 lakhs for FY26. The Mini Hydro segment recorded a loss before interest and tax of ₹106.60 lakhs for the quarter. Job Work Services reported a profit before interest and tax of ₹0.92 lakhs for Q4 FY26 and ₹3.78 lakhs for FY26.

Balance Sheet Highlights

As at 31st March, 2026, the consolidated total assets stood at ₹1,33,087.19 lakhs, compared to ₹1,59,193.02 lakhs as at 31st March, 2025. Consolidated equity share capital remained unchanged at ₹1,274.28 lakhs, while other equity on a consolidated basis was ₹1,05,398.22 lakhs as at 31st March, 2026, compared to ₹1,31,262.12 lakhs in the prior year. The standalone total assets were ₹1,29,989.27 lakhs as at 31st March, 2026, against ₹1,58,072.27 lakhs in the previous year. The following table provides a summary of the consolidated balance sheet position:

Balance Sheet Item: 31st March, 2026 (₹ Lakhs) 31st March, 2025 (₹ Lakhs)
Total Assets (Consolidated): 1,33,087.19 1,59,193.02
Equity Share Capital: 1,274.28 1,274.28
Other Equity (Consolidated): 1,05,398.22 1,31,262.12
Non-Controlling Interest: 128.23 104.82
Total Non-Current Liabilities (Consolidated): 7,630.75 7,850.99
Total Current Liabilities (Consolidated): 18,655.71 18,700.81

Cash Flow Summary

The following table summarises the cash flow position for the year on both a standalone and consolidated basis:

Cash Flow Item: Standalone FY26 (₹ Lakhs) Standalone FY25 (₹ Lakhs) Consolidated FY26 (₹ Lakhs) Consolidated FY25 (₹ Lakhs)
Net Cash from/(used in) Operating Activities: (150.62) 17,623.94 1,569.92 18,436.89
Net Cash from/(used in) Investing Activities: 730.79 (16,842.76) (976.74) (17,663.90)
Net Cash from/(used in) Financing Activities: (649.21) (652.17) (616.94) (619.87)
Cash & Cash Equivalents (Closing): 121.54 190.58 296.63 320.39

Dividend Declaration

The Board of Directors has recommended a dividend of 15%, equivalent to Re. 0.15 per fully paid-up equity share of Re. 1/- each, for the financial year 2025-26. This recommendation is subject to the approval of shareholders at the ensuing Annual General Meeting. Upon approval, the dividend will be credited or dispatched to members within 30 days from the date of the AGM.

Regulatory and Corporate Disclosures

The statutory auditors, L. B. Jha & Co LLP, Chartered Accountants, have issued audit reports with unmodified opinions on both the audited standalone and consolidated financial results. The results were reviewed by the Audit Committee and approved by the Board at their respective meetings held on 13th May, 2026. The consolidated financial results include the annual financial results of five subsidiaries — Valley View Landholdings Private Limited, High Quality Steels Limited, Topflow Buildcon Private Limited, Startree Enclave Private Limited, and Macfarlane & Company Limited — along with one associate, Lionel India Limited. As on 31st March, 2026, the company has five subsidiaries (including two step-down subsidiaries) and one associate. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Historical Stock Returns for Texmaco Infrastructure & Holdings

1 Day5 Days1 Month6 Months1 Year5 Years
+0.16%+4.28%+6.89%-1.59%+0.31%+51.80%

Given the significant decline in consolidated total assets from ₹1,59,193 lakhs to ₹1,33,087 lakhs, what asset disposals or write-downs drove this reduction and how might it affect future revenue-generating capacity?

With the Mini Hydro segment recording a loss before interest and tax of ₹106.60 lakhs in Q4 FY26, what strategic actions is management considering to turn around this segment or could a divestiture be on the horizon?

The newly introduced Trading Goods segment contributed ₹93.16 lakhs in revenue entirely within Q4 FY26 — what is the long-term growth strategy for this segment and how significant could it become relative to Real Estate and Job Work Services?

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