Mr Varikallu Kondala Rao General Manager (Projects ) to be shown under Senior Management u/s 178 of the Companies Act 2013
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indobell Insulations reported audited financial results for FY2026 ended 31st March 2026. Revenue from operations declined to Rs. 1715.02 Lakhs from Rs. 2650.09 Lakhs in FY2025, while profit for the year fell to Rs. 80.44 Lakhs from Rs. 218.59 Lakhs. EPS reduced to Rs. 1.28 per share from Rs. 3.47. The Board approved appointment of Mr. Mayank Burman as CEO effective 1st June 2026, who previously worked as a Business Development Consultant at the company. The company listed on BSE SME in January 2025 and has fully utilized its IPO proceeds of Rs. 1014.30 Lakhs except Rs. 41 Lakhs earmarked for plant and machinery purchase. No dividend was declared for FY2025-26. Internal auditors Basu Chatterjea & Co. were reappointed till May 2027.
The company faces significant revenue and profit decline year-on-year, which may concern existing shareholders. The appointment of a new CEO with no prior listed company executive experience raises questions about leadership capabilities, though the move could bring fresh perspective. The absence of dividend and poor financial performance may put downward pressure on the stock.