India Glycols Limited (IGL) has released its financial results for the quarter ended September 30, 2025, revealing a mixed performance with a significant revenue decline but maintained profitability.

Revenue Decline

The company reported a consolidated revenue from operations of ₹2,412.40 crore for Q2 FY2026, marking a substantial decrease of 50.9% compared to ₹4,913.74 crore in the previous quarter. This sharp decline in revenue indicates potential challenges in the company's operational environment or market conditions.

Profitability Maintained

Despite the revenue drop, India Glycols managed to maintain its profitability. The company reported a consolidated profit after tax of ₹65.06 crore for Q2 FY2026, compared to ₹106.79 crore in the first half of FY2026. While this represents a decrease, it's worth noting that the company has remained profitable in a challenging quarter.

Segment Performance

India Glycols operates across multiple segments, with varying performances:

The Bio-Fuel segment showed significant growth, while other segments experienced declines compared to the same quarter last year.

Financial Position

As of September 30, 2025, India Glycols reported:

• Total assets of ₹6,157.24 crore
• Total equity of ₹2,393.63 crore
• Current liabilities of ₹2,025.22 crore

Capital Raising Initiative

The company's board has approved raising funds through the issuance of up to 51,03,765 equity shares at ₹915 per share, potentially bringing in an aggregate amount of up to ₹466.99 crore. This capital raise may be aimed at strengthening the company's financial position or funding future growth initiatives.

Conclusion

India Glycols continues to navigate a challenging business environment, as evidenced by the revenue decline. However, the company's ability to maintain profitability and its efforts to raise additional capital suggest a proactive approach to addressing market challenges. Investors and stakeholders may want to closely monitor the company's performance in the coming quarters to assess the effectiveness of its strategies in reversing the revenue decline while maintaining profitability.

India Glycols Limited (IGL) successfully conducted its Extraordinary General Meeting (EGM) on November 12, 2025, securing shareholder approval for a significant corporate action. The meeting, held through video conferencing, saw strong participation and resulted in the passage of a special resolution for the issuance of equity shares on a preferential basis.

Key Highlights of the EGM

• Meeting Details: The EGM was held on Wednesday, November 12, 2025, at 11:00 A.M. (IST) via video conference.
• Attendance: A total of 41 members participated in the meeting.
• Chairman: The meeting was chaired by Shri U.S. Bhartia, Chairman of India Glycols Limited.
• Voting Period: Remote e-voting was available from November 8-11, 2025, with additional e-voting facility provided during the EGM.

Voting Results

The special resolution to approve the issuance of equity shares on a preferential basis received overwhelming support from shareholders:

Procedural Highlights

1. Scrutinizer: Shri Ashish Saxena (C.P. No. 7096) of M/s Ashish Saxena & Co., Company Secretaries, was appointed as the scrutinizer for the voting process.
2. Transparency: The company provided remote e-voting facilities and e-voting during the EGM to ensure maximum shareholder participation.
3. Shareholder Engagement: Members were given opportunities to express views, ask questions, and seek clarifications on the proposed resolution.
4. Compliance: The EGM was conducted in compliance with the Securities and Exchange Board of India (SEBI) Listing Regulations and the Companies Act, 2013.

Management Commentary

Shri U.S. Bhartia, Chairman of India Glycols Limited, addressed the shareholders during the EGM and shared information about the rationale behind the preferential issue of shares. The management expressed gratitude for the shareholders' continued support and confidence in the company's strategic decisions.

Conclusion

The successful passage of the special resolution for the preferential issue of equity shares marks a significant step for India Glycols Limited. This corporate action may potentially strengthen the company's capital structure and support its future growth initiatives. Shareholders and market observers will likely keep a close watch on how the company utilizes this mandate in the coming months.

India Glycols Limited continues to demonstrate its commitment to transparent corporate governance and shareholder engagement through its well-organized EGM process and comprehensive disclosure of voting results.