IG Petrochemicals Limited (IGPL) has announced several strategic moves, including a key appointment, project timeline extension, and a significant investment in its subsidiary. These decisions were made during a board meeting held on November 3, 2025.

New Independent Director Appointment

The company has appointed Shri Sanjoy Datta as a Non-Executive Independent Director for a five-year term, from November 3, 2025, to November 2, 2030. This appointment is subject to shareholder approval.

Datta brings a wealth of experience to IGPL:

• Over 36 years in financial services, consulting, and corporate leadership
• Expertise in corporate strategy, growth, M&A, finance, and governance
• Recent role as Chief Transformation Officer at Deloitte Asia Pacific
• Experience in rebuilding client delivery platforms and strengthening technology alliances

Plasticizer Plant Timeline Extension

IGPL has extended the completion timeline for its plasticizer plant to March 2026. This update follows the company's previous communication dated August 11, 2025.

Investment in Biofuels Subsidiary

The board has approved an investment of up to Rs 100.00 crores in IG Biofuels Limited (IGBL), a wholly-owned subsidiary. This decision aligns with IGPL's letter dated May 18, 2023. Key points regarding this investment include:

• IGBL focuses on biofuels and compressed bio-gas
• The investment aims to develop, set up, operate, and maintain CBG production plants
• IGPL may collaborate with joint venture partners for these projects
• The investment is expected to be completed within 12 months

IG Biofuels Limited Overview

• Incorporated to manufacture and trade in bio-fuels
• Products include compressed bio-gas and ethanol derivatives
• Currently not operational, with no turnover in FY 2023-24 and FY 2024-25
• IGPL plans to acquire 700 shares (face value Rs 10.00 each) from existing individual shareholders

These strategic moves demonstrate IG Petrochemicals' commitment to expanding its expertise in corporate governance, diversifying into the biofuels sector, and optimizing its project timelines. The appointment of Sanjoy Datta may bring valuable insights to the company's strategic direction, while the investment in IGBL positions IGPL to capitalize on opportunities in the growing biofuels market.

Investors and stakeholders will likely watch closely how these decisions impact the company's future growth and performance in both its core petrochemicals business and the emerging biofuels segment.

IG Petrochemicals Ltd (IGPL), a key player in the Indian petrochemical sector, has reported mixed results for the second quarter ended September 30, 2025. The company's performance shows a decline in revenue but an improvement in profitability compared to the previous quarter.

Financial Highlights

IG Petrochemicals reported standalone revenue from operations of Rs. 47,006.63 lakhs in Q2 FY2026, compared to Rs. 58,295.86 lakhs in the previous quarter, representing a 19.40% quarter-on-quarter decline.

Despite the revenue decrease, the company's profitability improved significantly. IGPL posted a net profit after tax of Rs. 142.00 lakhs in Q2 FY2026, compared to a loss of Rs. 824.09 lakhs in the prior quarter.

Half-Year Performance

For the half-year period, IG Petrochemicals reported:

• Revenue: Rs. 1,05,302.49 lakhs
• Net Profit: Rs. 6,374.40 lakhs

Business Segment

The company continues to operate in a single reportable segment: manufacturing and sale of organic chemicals.

Corporate Development

During the quarter, IG Petrochemicals initiated liquidation proceedings for IGPL Energy Limited, a move that may impact the company's structure and operations.

Governance

The quarterly results were reviewed by the Audit Committee and subsequently approved by the Board of Directors, ensuring compliance with corporate governance standards.

Market Outlook

While the revenue decline indicates ongoing challenges in the petrochemical market, the return to profitability suggests that IGPL's management may be successfully implementing cost control measures or benefiting from improved market conditions compared to the previous quarter.

Investors and industry observers will likely monitor how IG Petrochemicals navigates the current market dynamics and whether the positive trend in profitability can be sustained in upcoming quarters.

The company's performance in the context of broader industry trends and its strategies for growth and efficiency improvements will be key areas of focus as IG Petrochemicals moves forward in the fiscal year.