Latest news about Carborundum Universal
Carborundum Universal
1,020.75
+12.10(+1.20%)
Company Performance:
View Company Insights1D+1.20%
1M+13.99%
6M+14.81%
1Y+2.28%
5Y+74.80%
More news about Carborundum Universal
02Apr 26
Carborundum Universal Opens Special Window for Physical Share Transfer and Dematerialisation
Carborundum Universal Limited announces special window for physical share transfer and dematerialisation from February 5, 2026 to February 4, 2027, following SEBI circular. The facility targets investors with physical shares purchased before April 1, 2019, with all transfers processed in demat mode subject to one-year lock-in period.
01Apr 26
Carborundum Universal Announces Voluntary Winding Up of German Subsidiary CUMI AWUKO Abrasives
Carborundum Universal Limited announced the voluntary winding up of German subsidiary CUMI AWUKO Abrasives GmbH due to continued losses and operational challenges. The subsidiary, acquired in 2022, contributed Rs.93 crores turnover (1.9% of consolidated revenue) in FY25. The estimated impact is Rs.110-130 crores, with the company stating it won't adversely affect overall business operations.
27Mar 26
Carborundum Universal Executes Rs. 19.24 Crore Block Trade on NSE
Carborundum Universal Ltd. completed a major NSE block trade worth Rs. 19.24 crores, involving approximately 251,180 shares at Rs. 765.80 per share. The transaction indicates significant institutional investor activity and represents substantial capital movement in the company's stock through the exchange's block deal mechanism.
17Mar 26
Carborundum Universal Publishes Postal Ballot Notice for Independent Director
Carborundum Universal has completed formal notification procedures for its postal ballot by publishing newspaper advertisements on March 17, 2026, in Business Standard and Makkal Kural. The company seeks shareholder approval for appointing Ambassador D B Venkatesh Varma as Independent Director through e-voting from March 17 to April 15, 2026.
17Mar 26
Carborundum Universal Receives ESG Rating from SES ESG Research Private Limited
Carborundum Universal Limited has disclosed receiving an ESG rating from SES ESG Research Private Limited, a SEBI-registered ESG Rating Provider. The rating was independently prepared without company engagement, based on publicly available information. The ESG report is now available on both BSE and NSE websites, with the company making this disclosure under Regulation 30 of SEBI Listing Regulations on 17th March 2026.
17Mar 26
Carborundum Universal Commences Commercial Production at Hosur, Doubles Capacity
Carborundum Universal has officially started commercial production at its new cutting and grinding wheels manufacturing facility in Hosur, effectively doubling the company's total annual capacity to over 90 million wheels. The Rs. 83 crore investment, funded through internal accruals, incorporates advanced technology from Germany and is expected to generate Rs. 160 crore at full capacity utilisation.
14Mar 26
Carborundum Universal Allots 27,936 Equity Shares Under ESOP Scheme
Carborundum Universal Limited allotted 27,936 equity shares of Re.1/- each under its ESOP Scheme 2016 on March 13, 2026. The allotment followed the exercise of stock options by company option grantees. Post-allotment, the company's outstanding equity shares total 19,04,92,502 with paid-up share capital of Rs. 19,04,92,502. The company has duly informed BSE and NSE about this corporate action through official communication.
04Mar 26
Carborundum Universal Appoints Ambassador D B Venkatesh Varma as Additional Independent Director
Carborundum Universal Limited has appointed Ambassador D B Venkatesh Varma as Additional Independent Director for five years from 4th March 2026. The 64-year-old former diplomat served in Indian Foreign Service from 1988-2021, including ambassadorial roles in Geneva, Spain, and Russia. The Board-approved appointment, recommended by the Nomination Committee, requires shareholder approval under regulatory compliance.
03Feb 26
Carborundum Universal Records Rs. 15.86 Crore NSE Block Trade at Rs. 787.65 Per Share
Carborundum Universal Ltd. executed a significant NSE block trade worth Rs. 15.86 crores involving 201,417 shares at Rs. 787.65 per share. This substantial transaction reflects institutional trading activity and demonstrates strategic positioning by large investors in the company's stock through the block trade mechanism.
30Jan 26
Carborundum Universal Makes Investor Call Recording Available Online
Carborundum Universal Limited has uploaded the audio recording of its investor call held on January 30, 2026, at 11:00 a.m. IST on its official website. The company provided direct access through a dedicated link and formally notified both BSE and NSE about the recording's availability under Regulation 30 compliance requirements.
23Jan 26
Carborundum Universal Schedules Q3FY26 Results Discussion Call for January 30, 2026
Carborundum Universal Limited has scheduled an analyst/investor call for January 30, 2026, at 11:00 AM IST to discuss Q3FY26 unaudited financial results for the quarter ended December 31, 2025. Organized by DAM Capital Advisors Limited, the call will be accessible globally with universal dial-in numbers and specific timings provided for USA, UK, Singapore, and Hong Kong participants. The announcement was made in compliance with SEBI regulations and communicated to stock exchanges on January 23, 2026.
31Dec 25
Carborundum Universal Completes Voluntary Liquidation of Czech Republic Subsidiary
Carborundum Universal Limited has completed the voluntary liquidation of its Czech Republic subsidiary CUMI Europe s.r.o., which was deregistered on December 31, 2025. The subsidiary, originally set up for European marketing activities, had ceased operations since 2018. The liquidation was disclosed under SEBI regulations and does not involve any related party transactions or schemes of arrangement.
15Nov 25
Carborundum Universal Secures Stock Exchange Approvals for Promoter Group Reclassification
Carborundum Universal Limited (CUL) has obtained approvals from BSE and NSE to reclassify two entities - Coromandel Engineering Company Limited and Yanmar Coromandel Agrisolutions Private Limited - from its promoter group category. The reclassification process, initiated on October 8 and approved on November 14, is governed by SEBI's LODR Regulations. This change may affect CUL's regulatory compliance and ownership structure.
06Nov 25
Carborundum Universal Reports 6.4% Revenue Growth in Q2FY26, Maintains Full-Year Guidance
Carborundum Universal Limited (CUMI) achieved a 6.4% year-on-year increase in Q2FY26 consolidated sales, reaching INR 1,287.00 crores. Growth was driven by Abrasives and Ceramics segments. Abrasives sales grew 7.4% YoY to INR 584.00 crores, while Ceramics increased 7.8% to INR 301.00 crores. Electrominerals saw a slight decline. RHODIUS Abrasives and AWUKO showed recovery, but Volzhsky Abrasive Works faced challenges due to sanctions. The company maintained its full-year guidance of 5.5-6.5% consolidated sales growth and confirmed INR 350.00 crores capex spending. CUMI continues investments in semiconductor facilities, aerospace and defense, and high-performance silicon carbide projects.
04Nov 25
Carborundum Universal Issues ₹25.55 Crore Corporate Guarantee for South African Subsidiary
Carborundum Universal Limited has provided a corporate guarantee of 50 million South African Rand (approximately ₹25.55 crores) to Citibank N.A. for its South African subsidiary, Foskor Zirconia Pty Ltd (FZL). The guarantee, valid until September 18, 2026, is intended to support FZL's working capital facilities. This guarantee will be treated as a contingent liability in Carborundum Universal's financial records. The disclosure was made in compliance with SEBI regulations, with no involvement from promoter, promoter group, or group companies.
30Oct 25
Carborundum Universal Reports Profit Decline Due to Russian Subsidiary Impact
Carborundum Universal's Q2 FY24 results show revenue growth of 6.05% to ₹12.98 billion, but net profit declined by 35.77% to ₹745.10 million. EBITDA decreased to ₹1.56 billion, with margins compressing to 12.05%. The company attributes the profit decline primarily to lower earnings from its Russian subsidiary, which has been affected by sanctions.
13Oct 25
Carborundum Universal Seeks Reclassification of Promoter Group Entities
Carborundum Universal Limited (CUL) has applied to the NSE and BSE for reclassification of two entities from 'Promoter Group' to 'Public' category. The entities are Coromandel Engineering Company Limited (CECL) and Yanmar Coromandel Agrisolutions Private Limited (YCAS). The application process began on August 29, 2025, with the final application submitted on October 13, 2025. The reclassification is being processed under SEBI's LODR Regulations.
26Sept 25
Carborundum Universal CFO Sushil Kishor Bendale Steps Down
Carborundum Universal, a manufacturer of abrasives, ceramics, and electrominerals, announced the resignation of its Chief Financial Officer (CFO), Sushil Kishor Bendale. The departure is effective from the closing hours of September 26, 2025, as disclosed in a filing with stock exchanges. The company had previously intimated this change on August 7, 2025. No information about a successor has been provided.
17Sept 25
Yanmar Coromandel Agrisolutions Seeks Reclassification from Promoter Group to Public Category in Carborundum Universal
Yanmar Coromandel Agrisolutions Private Limited (YCAS) has formally requested reclassification from Carborundum Universal's promoter group to public category. This follows a change in YCAS's shareholding structure after a Rs. 149.72 crore fund infusion from Yanmar Singapore, reducing Coromandel International Limited's stake in YCAS from 40% to 10.60%. YCAS currently holds no shares in Carborundum Universal and has confirmed compliance with SEBI regulations for reclassification. The request will be presented to Carborundum Universal's Board for approval, followed by seeking approvals from NSE and BSE.
05Sept 25
Carborundum Universal Resumes Operations at Kerala Electrominerals Facilities
Carborundum Universal Limited has restarted operations at its Electrominerals division facilities in Ernakulam and Thrissur districts of Kerala. The resumption follows an exemption order from the Kerala Government's Department of Industries and permissions from local authorities. The company has implemented necessary hygiene and safety measures for employee well-being. Operations at other facilities will resume upon receiving permissions from respective local administrative authorities.
07Aug 25
Carborundum Universal Reports Mixed Q1 Results Amid Segment Fluctuations
Carborundum Universal Limited (CUMI) reported Q1 consolidated sales of Rs. 1,207.00 crore, up 1.9% year-on-year. However, net profit declined 45% to Rs. 62.00 crore. Ceramics segment showed strong growth with 11.1% increase in sales and 15.8% rise in profit. Electro Minerals saw 6.3% sales growth but significant profit decline. Abrasives segment faced challenges with 8% sales decline and sharp profit drop. Standalone performance was more positive with 5.2% sales growth and increased net profit, including one-time dividend income from a subsidiary. The company maintained a strong financial position with a consolidated debt-equity ratio of 0.05.
25Jun 25
Carborundum Universal Acquires 4.19% Stake in GEPL for ₹79.6 Million
Carborundum Universal, a manufacturer of abrasives, ceramics, and electrominerals, has acquired a 4.19% stake in GEPL for ₹79.6 million. This minority shareholding represents a strategic move for the company, though the specific reasons for the investment and potential synergies between the two companies are not yet clear. No additional information about GEPL or its business operations was provided.
14May 25
Carborundum Universal Faces Downgrade as Q4 Results Disappoint
Carborundum Universal Ltd (CUMI) reported disappointing Q4 FY2024-25 results, with revenue marginally up by 0.70% YoY to ₹1,216.60 crore, but net profit plummeting 78.89% to ₹30.10 crore. EBITDA fell 32.70% to ₹145.70 crore. ICICI Securities downgraded CUMI to 'Reduce' and lowered its target price, citing continued business weakness and a muted outlook. The company's profitability was impacted by increased expenses, margin pressure, and higher tax outgo. Despite unveiling an ambitious five-year growth strategy, near-term challenges persist.
13May 25
Carborundum Universal: Q4 Profit Drops, Annual Revenue Rises, Dividend Recommended
Carborundum Universal's Q4 FY2025 net profit dropped 78.88% to ₹30.10 crore from ₹142.56 crore year-over-year. Despite this, the company's annual consolidated total income increased to ₹4,935.22 crore in FY2025. A final dividend of ₹2.50 per share was recommended, bringing the total FY2025 dividend to ₹4.00 per share.
12May 25
Carborundum Universal Reports Q4 Results: Profit Plunges 79%, Revenue Inches Up
Carborundum Universal's Q4 FY25 results show mixed performance. Revenue increased marginally by 1.3% to ₹1,217.00 crore, but net profit plummeted 79% to ₹30.00 crore. EBITDA decreased by 30.3% to ₹146.00 crore, with EBITDA margin contracting to 12.00% from 17.4%. Despite profit decline, the company declared a final dividend of ₹2.50 per share.
28Mar 25
Carborundum Universal's Subsidiary SEDCO Sells Partial Investment for ₹96.50 Crore
Southern Energy Development Corporation Limited (SEDCO), a subsidiary of Carborundum Universal, sold a portion of its investments in the parent company for ₹96.50 crore on March 28, 2025. The sale was conducted on the stock exchange platform to meet SEDCO's business requirements. Carborundum Universal also announced a trading window closure from April 1, 2025, for the upcoming financial results and allotted 4,800 equity shares under its ESOP Plan 2016.
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