Xpro India Limited has declared a dividend of ₹2 per ordinary share for the financial year ended March 31, 2026, during its 29th Annual General Meeting held on July 20, 2026. The company also approved the appointment of Girish Behal as Managing Director for a three-year term starting January 1, 2027. These decisions were taken alongside strategic updates regarding capacity expansion in the dielectric films segment, which is being prioritized as a key growth driver.

The meeting, chaired by Sri Sidharth Birla, was conducted via Video Conferencing. Shareholders approved seven items, including the adoption of financial statements and the re-appointment of directors. The remote e-voting process was facilitated by MUFG Intime India Private Limited from July 17 to July 19, 2026.

Strategic Expansion and Capacity

The Chairman highlighted that dielectric films are a strategic priority. The company commissioned a second line in March, doubling capacity to 8,000 MT. Xpro Dielectric Films, the UAE subsidiary, is commissioning a third line this year, which will increase total capacity to 13,000 MT. A leading UAE investor acquired a 15% equity stake in the subsidiary at a premium, validating the venture's prospects.

Management indicated that more than 20 new dielectric film lines are needed globally by 2030. The company plans to build a fourth line in the UAE and a fifth in India, contingent on economic conditions.

Leadership Changes and Governance

Sri C. Bhaskar will step down as Managing Director on December 31, 2026, after 26 years on the Board and 44 years with the company. Sri H. Bakshi, with 32 years of service, will also conclude his executive responsibilities. Both will transition to the Chairman's Office as mentors. Girish Behal, currently President and CEO, is proposed to take over as Managing Director from January 1, 2027.

Resolutions Passed

The Chairman confirmed there were no qualifications or adverse remarks in the Auditors' Report or the Secretarial Audit Report. Sri Girish Bhatia was appointed as the Scrutiniser for the e-voting process.

IntelliPro Finance Private Limited has confirmed that it, along with persons acting in concert, did not create any encumbrance on the equity shares held in xpro during the financial year ended March 31, 2026. The declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure ensures that the promoters and their group entities have not pledged or otherwise encumbered their shareholding, thereby maintaining the current ownership structure without leveraging shares for financial needs.

The disclosure was submitted to the National Stock Exchange of India and BSE Ltd. on April 6, 2026. The confirmation covers the promoter group, including entities such as iPro Capital Limited, Birla Holdings Limited, and Xpro Global Limited. The filing serves as a formal declaration to the exchanges and the audit committee of Xpro India regarding the status of the promoter holdings.

The list of persons acting in concert includes key individuals and corporate entities within the promoter group. The table below details the names and categories of the entities covered under this disclosure.

The confirmation of non-encumbrance is a mandatory requirement under SEBI regulations to ensure transparency in the shareholding patterns of listed companies. It provides assurance to investors regarding the financial stability of the promoter group's holding in Xpro India.