We wish to inform you that the Board of Directors of the Company at their meeting held on May 25, 2026, inter alia, had approved 1. the Audited financial results of the Company for the ....
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Indsil Hydro Power and Manganese reported audited standalone results for FY2026 with total income of Rs 15,460.28 lakhs (up from Rs 13,939.14 lakhs YoY, ~11% growth). Profit after tax stood at Rs 1,521.11 lakhs vs Rs 1,499.77 lakhs in the prior year, representing ~1.4% PAT growth. EPS remained flat at Rs 5.40 per share. The Board recommended a dividend of Rs 0.60 per share (6%). Auditors gave an unmodified opinion with no qualifications. Key change: the company ceased being a subsidiary of Sunmet Holdings (50.11%) and is now classified as an associate (49.95%). The AGM is scheduled for September 17, 2026. Two independent directors (Smt. T Kalaivani and Smt. Gayatri Vijaikumar) are recommended for re-appointment for a second 5-year term.
Positive signals from steady revenue growth, PAT stability, and dividend declaration. However, the significant shift in shareholding structure from subsidiary to associate status warrants attention, and investors should monitor the impact on future governance and control dynamics.