Indag Rubber Limited has issued a correction notice to BSE Limited addressing an inadvertent error in its previous communication regarding the outcome of its Board Meeting. The correction pertains to the date mentioned for the company's unaudited financial results for the third quarter of fiscal year 2026.

Correction Details

The company clarified that its Board Meeting held on February 12, 2026, was convened for consideration and approval of unaudited financial results for the quarter and period ended December 31, 2025. The previous communication had inadvertently mentioned December 31, 2026 as the period end date.

Regulatory Compliance

The correction notice was issued in continuation of the company's letter dated February 12, 2026, and pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested BSE Limited to take the correction on record.

Authorization

The correction notice was digitally signed by Sonal Garg, Company Secretary & Compliance Officer (ACS-24598), on February 12, 2026, at 21:02:43 +05'30'. The communication was addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, referencing the company's BSE code 1321 and scrip code 509162.

Indag Rubber Limited , a pioneer in cold retreading technology in India, has announced its financial results for the second quarter and first half of the fiscal year 2026. The company has shown significant improvement in its performance compared to the previous quarter, despite facing challenges in the earlier part of the year.

Q2FY26 Performance Highlights

The company's performance in Q2FY26 showed marked improvement across key financial metrics:

• Revenue grew by 15% quarter-on-quarter to ₹55.00 crore
• EBITDA increased by 57% to ₹6.20 crore
• EBITDA margin expanded by 300 basis points to 11.3%
• Profit After Tax reached ₹3.60 crore, reflecting a substantial 96% growth

H1FY26 Overview

For the first half of FY26, Indag Rubber reported:

While the half-yearly figures show a decline in revenue and profit compared to the previous year, there's a notable improvement in margins.

Management Commentary

CEO Vijay Shrinivas attributed the quarter's improvement to several factors:

• Better sales mix
• Improved realizations
• Continued focus on cost optimization
• Healthy volume growth in the core aftermarket business

Shrinivas noted that Q1FY26 faced challenges due to reduced volumes in the STU (State Transport Undertakings) business and softer demand in the aftermarket segment. However, Q2FY26 showed signs of recovery with volume improvements and demand normalization.

Dividend Announcement

The Board of Directors has approved an interim dividend of ₹0.90 per equity share of ₹2 each.

Company Outlook

Indag Rubber is witnessing steady growth in customer acceptance of retreading as a reliable and sustainable alternative to new tyres. The company's efforts to create greater awareness of its economic and environmental benefits are beginning to yield results.

The management remains optimistic about the company's future, citing improving gross margins, prudent cost management, and growing market acceptance of their retreading solutions as key drivers for sustainable growth.