Xpro India Limited shareholders have approved the re-appointment of Sri Sidharth Kumar Birla as Chairman for a three-year term, securing leadership continuity at the plastics packaging solutions provider. The resolution, passed via a remote e-voting process concluded on May 2, 2026, authorizes Birla’s tenure from March 1, 2026, to February 28, 2029. The approval defines the compensation structure, linking remuneration to company profitability while establishing a fixed minimum in the absence of profits.

The Board of Directors approved the postal ballot notice on February 4, 2026, under Section 110 of the Companies Act, 2013. Sri Girish Bhatia, Practicing Company Secretary, served as the Scrutinizer to ensure the conduct of the e-voting was fair and transparent. The voting process, managed by MUFG Intime India Private Limited, commenced on April 3, 2026, and concluded on May 2, 2026.

Remuneration Structure

The remuneration package approved for Sri Sidharth Kumar Birla is subject to a maximum of 5% of the net profits of the company, calculated in accordance with Section 198 of the Companies Act, 2013. This includes salary, commission not exceeding 2% of net profits, perquisites, and other allowances. The overall remuneration is capped at INR 3 Crores per annum.

In the event the company has no profits or inadequate profits in any financial year, the resolution mandates a minimum remuneration. This minimum package comprises salary, house rent allowance, special allowance, and other benefits up to an aggregate amount of INR 25.00 lakhs per month. The final payable amount will be the higher of the two structures.

Voting Results

The resolution received overwhelming support from shareholders, with 114 members assenting to the proposal. The total number of votes cast in favor was 13,623,331, representing 100% of the total votes cast. Two members dissented, accounting for 511 votes, while no votes were recorded through the physical postal ballot process.

Additionally, Birla is eligible for perquisites excluded from the minimum remuneration ceiling, including gratuity and encashment of un-availed leave at the end of the tenure. The Board is authorized to take all necessary actions to implement the resolution.

Xpro India Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported a 25.2% year-on-year increase in standalone Profit After Tax (PAT) for the fourth quarter, while annual net profit declined due to foreign exchange fluctuations and broader market conditions. Following the results, the company conducted an earnings conference call on May 22, 2026, the audio recording of which has been uploaded to its website.

Financial Performance

For the quarter ended March 31, 2026, the standalone PAT rose to Rs 11.6 crores from Rs 9.3 crores in the same quarter of the prior year. Revenue from operations for Q4 FY26 stood at Rs 134.4 crores, a decrease of 15.1% from Rs 158.2 crores in Q4 FY25. EBITDA for the quarter improved by 5.9% to Rs 14.3 crores, with margins expanding to 10.7% from 8.6% in the previous year.

For the full year ended March 31, 2026, the company reported a standalone net profit of Rs 30.5 crores, a decrease of 30.3% from Rs 43.8 crores in the previous year. Revenue from operations for FY26 stood at Rs 505.5 crores, compared to Rs 535.3 crores in FY25. The annual EBITDA declined by 7.6% to Rs 49.2 crores.

Operational Highlights

The company noted that operations reflected market conditions and product-mix dynamics. Results were impacted by an unrealized translation loss of Rs 11.14 crores on euro-linked long-term liabilities and an incremental liability of Rs 1.39 crores towards gratuity and compensated absences due to New Labour Codes. Aggregate production for the year reached 31,335 MT.

Key Financial Metrics

The following table summarizes the key financial metrics for the quarter and year under review:

Expansion and Outlook

The company commissioned a new dielectric film line at Barjora on March 27, 2026, doubling its nameplate capacity in India from 4,000 to 8,000 MT annually. Implementation of the UAE project by its subsidiary, Xpro Dielectric Films FZ-LLC, remains on track, though management noted vigilance regarding the geopolitical situation in the region.

Management stated during the earnings call that the new dielectric film line at Barjora has entered commercial production. The company targets at least 50% utilization for the new line during the current financial year. The UAE project is expected to commence trial production by August-September 2026, with commercial operations anticipated by the third quarter of the financial year. The Board has recommended a dividend of Rs 2 per equity share for shareholder approval.