Outcome of Board Meeting held on today i.e. 13.11.2025
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Indian Acrylics Limited's board, meeting on 13 November 2025, approved standalone and consolidated unaudited financial results for Q2 and H1 FY26 ended 30 September 2025, alongside a limited review report from statutory auditor AKR & Associates. Q2 FY26 total income rose to ₹10,243.84 lakhs (vs ₹9,660.57 lakhs YoY), supported by a sharp jump in export sales to ₹3,118.29 lakhs (vs ₹1,740.38 lakhs). The company reported a pre-tax loss of ₹574.89 lakhs in Q2 (vs ₹1,149.44 lakhs loss in Q2 FY25) and ₹1,046.65 lakhs for H1 FY26, an improvement from the prior year but still in the red. Reserves remain deeply negative at (₹13,487.82 lakhs), leaving total equity at just ₹44.40 lakhs against borrowings of around ₹19,354 lakhs. The board also amended the Code of Fair Disclosure for UPSI compliance per recent SEBI PIT Regulation changes.
Although losses are narrowing, the company continues to post losses, carries deeply negative reserves, has very high leverage relative to a razor-thin equity base, and generates negative operating cash flow — pointing to ongoing financial stress that is unlikely to be stock-positive for shareholders in the near term.