Indian Toners & Developers Ltd. (ITDL) has made significant announcements following its board meeting on November 10, 2025, including an interim dividend and plans for business expansion.

Interim Dividend Declaration

The company's board has declared an interim dividend of Rs. 6 per equity share for the fiscal year 2025-26. This dividend will be paid to shareholders whose names appear in the company's register on the record date of November 14, 2025. Investors can expect the dividend payment to be processed on or before December 9, 2025.

Financial Performance

ITDL's financial results for the quarter and half-year ended September 30, 2025, showcase the following performance:

The company's total revenue for Q2 FY2026 showed a slight increase of 1.36% compared to the same quarter last year. While the net profit for the quarter decreased marginally by 2.20%, the half-yearly profit reached Rs. 1,322.51 lakh.

New Business Venture

In a strategic move to diversify its operations, ITDL's board has approved a new business project. The company plans to enter the stationery sector, encompassing trading, assembling, and manufacturing of stationery items. This initiative is described as a "seed project" aimed at expanding business operations and exploring new market opportunities.

Market Implications

The announcement of the interim dividend and the new business venture may impact investor sentiment. The dividend declaration could be seen as an indication of the company's cash flow and commitment to shareholder returns.

The expansion into the stationery business represents a diversification from ITDL's core toner manufacturing operations. This move could potentially open up new revenue streams for the company, although it may also present challenges as ITDL navigates a new market segment.

Investors and market analysts will likely be watching closely to see how this new venture unfolds and its potential impact on the company's future financial performance and market position.

As Indian Toners & Developers embarks on this new chapter, stakeholders will be keen to see how the company leverages its existing strengths in manufacturing and distribution to establish a foothold in the stationery market.

The Ministry of Finance has extended the anti-dumping duty on imports of Black Toner in Powder Form from China, Malaysia, and Taiwan for an additional five years, providing a significant boost to Indian Toners & Developers Ltd. (ITDL). This extension, effective from August 11, 2025, to August 10, 2030, follows a Sunset Review Investigation by the Directorate General of Trade Remedies (DGTR).

Key Points of the Extension

• The anti-dumping duty rates remain unchanged, ranging from $1,167.00 to $1,568.00 per metric ton, depending on the country and exporter.
• The extension applies to black toner in powder form, excluding color toner, MICR toner, OEM cartridges, and liquid toner.
• The decision aims to prevent the recurrence of dumping and protect the domestic industry from potential injury.

Impact on Indian Toners & Developers

ITDL, in a filing to the BSE, stated that the extension would make imported black toner costlier, enabling the company to compete more effectively against imports from these countries. The company views this development as a positive step that will help them navigate the competitive landscape more efficiently.

Background of the Anti-Dumping Duty

The original anti-dumping duty was imposed in March 2021 through Notification No. 12/2021-Customs (ADD). The current extension, implemented via Notification No. 26/2025-CUSTOMS(ADD) dated August 4, 2025, supersedes the previous duty imposition.

Market Implications

This extension is expected to have several implications for the black toner market in India:

1. Increased competitiveness for domestic manufacturers
2. Potential price stabilization in the local market
3. Encouragement for further investment in the domestic toner industry

The continuation of the anti-dumping duty underscores the government's commitment to protecting and fostering the growth of the domestic toner industry. For companies like Indian Toners & Developers Ltd., this move provides a more level playing field and opportunities for expansion in the coming years.

Investors and industry watchers will be keen to observe how this extension impacts the financial performance and market position of Indian toner manufacturers, particularly ITDL, in the medium to long term.