Titan Intech has issued an addendum to the notice of its 42nd Annual General Meeting, scheduled for September 29, 2026, to include previously omitted notes to accounts. The company cited an inadvertent clerical oversight in the initial dispatch of the annual report.

The addendum provides detailed financial disclosures for the fiscal year ended March 2026, which were absent from the original shareholder communication. These notes cover revenue from operations, other income, cost of materials consumed, employee benefit expenses, finance costs, and other expenses.

Revenue and Cost Structure

Total sales revenue for FY26 stood at ₹34,01,40,189.52, a significant increase from ₹27,01,51,847.00 in FY25. This growth was primarily driven by export services, which contributed ₹28,50,36,856.29 in FY26 compared to ₹26,63,40,491.65 in the previous year. Domestic product sales were negligible at ₹5,51,03,333.23 in FY26 versus ₹38,11,355.35 in FY25.

Other income surged to ₹35,09,530.95 in FY26 from ₹9,06,129.00 in FY25. The cost of materials consumed decreased slightly to ₹14,53,15,074.16 in FY26 from ₹15,11,73,050.00 in FY25, despite higher imports. Opening stock was recorded at ₹1,41,19,062.00, while closing stock rose to ₹6,45,66,144.00.

Expense Breakdown

Employee benefit expenses increased to ₹2,73,53,720.00 in FY26 from ₹1,78,06,807.00 in FY25, driven by higher salaries and new welfare contributions. Finance costs saw a sharp rise to ₹1,50,13,647.61 in FY26 compared to ₹20,85,916.00 in FY25, largely due to interest on overdrafts and vehicle loans.

Total other expenses more than doubled to ₹5,11,55,054.81 in FY26 from ₹2,12,92,539.00 in FY25. Direct expenses rose to ₹1,11,67,798.40, with significant additions in custom duty charges (₹67,36,258.00) and cargo handling charges (₹7,92,717.00). Indirect expenses climbed to ₹3,99,87,256.41, reflecting increases in accommodation, postage, and depository-related costs.

What the Numbers Show

The financial data reveals a distinct divergence between operational scale and cost management. While total sales grew by approximately 25.9% YoY, the cost of materials consumed actually declined by nearly 4%. This suggests improved procurement efficiency or a shift toward lower-cost inventory mixes, even as indirect operating expenses more than doubled, indicating a heavy investment in administrative and logistical infrastructure during FY26.

Titan Intech has finalized the details for its 42nd Annual General Meeting (AGM). The Board of Directors approved the notice and fixed the book closure period during a meeting held on September 1, 2026.

Meeting Outcome

The board session commenced at 6:00 pm and concluded at 7:00 pm on Tuesday, September 1, 2026. Directors approved the notice for the 42nd AGM, which is scheduled to be held on Tuesday, September 29, 2026.

The meeting will take place at 2:30 pm through Video Conferencing or Other Audio-Visual Means. This mode of conduct ensures remote participation for shareholders while adhering to regulatory guidelines.

Book Closure Details

To determine eligible shareholders for voting at the AGM, the board fixed the book closure period from Tuesday, September 22, 2026 to Tuesday, September 29, 2026. Both days are inclusive in this window.

Shareholders holding equity shares as of the record date within this period will be entitled to receive the dividend and vote on resolutions proposed at the annual meeting.

Regulatory Disclosure

The company issued this intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of board meeting outcomes to stock exchanges.

Mangla Sachin Savla, Company Secretary & Compliance Officer, signed the communication addressed to the Listing Compliance Department of BSE Limited.