IGC Industries Ltd (539449)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, IGC Industries' revenue was ₹0.0 Cr, and net profit ₹-15.0 Cr.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-15.0 | — | loss widened |
| Net profit | ₹-15.0 | — | loss widened |
| EPS (₹) | -4.21 | — | loss widened |
📢 Recent Corporate Announcements
IGC Industries reported zero revenue from operations for the quarter ended September 30, 2026, identical to previous quarters. The company posted a net loss of ₹558.05 lakh (₹5.58 crore) for Q2, driven entirely by other expenses. For the half-year ended September 30, 2026, cumulative net loss reached ₹2020.09 lakh (₹20.20 crore), substantially eroding equity. Total assets contracted sharply from ₹21.45 crore as of March 31, 2026, to ₹1.77 crore as of September 30, 2026.
- Revenue from operations remained at ₹0.00 for Q2 FY27 (quarter ended Sep 30, 2026)
- Net loss for Q2 stood at ₹558.05 lakh compared to a loss of ₹1462.03 lakh in the previous quarter
- Half-year net loss totaled ₹2020.09 lakh (₹20.20 crore) with an EPS of ₹(5.82)
- Total balance sheet assets plunged from ₹2145.34 lakh (March 2026) to ₹176.89 lakh (September 2026)
IGC Industries reported zero revenue from operations for the quarter ended September 30, 2026, identical to previous quarters. The company posted a net loss of ₹558.05 lakh (₹5.58 crore) for Q2, driven entirely by other expenses. For the half-year ended September 30, 2026, cumulative net loss reached ₹2020.09 lakh (₹20.20 crore), substantially eroding equity. Total assets contracted sharply from ₹21.45 crore as of March 31, 2026, to ₹1.77 crore as of September 30, 2026.
- Revenue from operations remained at ₹0.00 for Q2 FY27 (quarter ended Sep 30, 2026)
- Net loss for Q2 stood at ₹558.05 lakh compared to a loss of ₹1462.03 lakh in the previous quarter
- Half-year net loss totaled ₹2020.09 lakh (₹20.20 crore) with an EPS of ₹(5.82)
- Total balance sheet assets plunged from ₹2145.34 lakh (March 2026) to ₹176.89 lakh (September 2026)
IGC Industries Limited has submitted its Annual Report for FY 2025-26 along with the notice for its 45th Annual General Meeting (AGM) scheduled for September 22, 2026. Key agenda items include the adoption of FY26 financial statements and the appointment of M/s Sarang Shivajirao Chavan & Associates as Statutory Auditors until the 49th AGM. The company reported a current ratio of 3.13 for FY26 compared to 2.88 in FY25, alongside zero promoter holding and negligible operating scale.
- 45th AGM scheduled to be held on September 22, 2026, via Video Conferencing
- Current ratio reported at 3.13 times for FY26 compared to 2.88 times in FY25
- Proposed appointment of M/s Sarang Shivajirao Chavan & Associates as Statutory Auditors from the 45th to 49th AGM
- Regularization/re-appointment of directors including Ziauddin Mohammed, Mukesh Jiut Yadav, Hiren Kishor Patel, and Manoj Kumar Jhawar
IGC Industries Limited has issued the notice for its 45th Annual General Meeting (AGM) scheduled for September 22, 2026, via video conferencing. Key agenda items include the adoption of FY26 financial statements, the appointment of M/s Sarang Shivajirao Chavan & Associates as Statutory Auditors for a 5-year tenure (through the 49th AGM), and the regularisation/re-appointment of directors including Mukesh Jiut Yadav, Hiren Kishor Patel, and Manoj Kumar Jhawar. Financially, the company remains a micro-cap with Rs 7 Cr market cap, reporting zero TTM revenue and a TTM net loss of Rs 18 Cr with 0.0% promoter holding.
- 45th Annual General Meeting scheduled for Tuesday, September 22, 2026 at 03:00 PM IST via VC/OAVM
- Proposed appointment of M/s Sarang Shivajirao Chavan & Associates as Statutory Auditors for a 5-year period until conclusion of 49th AGM
- Special resolutions proposed for regularisation/appointment of Independent Directors Mukesh Jiut Yadav and Hiren Kishor Patel (appointed w.e.f. August 25, 2026)
- Proposed regularisation of Additional Director Manoj Kumar Jhawar, having over 15 years of logistics industry experience
IGC Industries has announced its book closure dates from September 16, 2026, to September 22, 2026 (both days inclusive) in preparation for its 45th Annual General Meeting scheduled for September 22, 2026. The company explicitly noted that no dividend has been declared for the financial year 2025-2026. The company operates with a market cap of approximately ₹7 Cr and zero promoter shareholding.
- Book closure period scheduled from September 16, 2026, to September 22, 2026.
- 45th Annual General Meeting fixed for September 22, 2026.
- No dividend declared for the financial year 2025-2026.
IGC Industries has scheduled its 45th Annual General Meeting (AGM) for September 22, 2026, via video conferencing. The Board approved the Directors' Report for FY26 along with the AGM notice. Key agenda items include regularizing/appointing directors (Mukesh Jiut Yadav, Hiren Kishor Patel, Manoj Kumar Jhawar, and Ziauddin Mohammed) and appointing M/s Sarang Shivajirao Chavan & Associates as Statutory Auditors for a 5-year term from the 45th to 49th AGM.
- 45th Annual General Meeting scheduled for September 22nd, 2026 at 03:00 p.m. IST
- Appointment of M/s Sarang Shivajirao Chavan & Associates as Statutory Auditors proposed for a 5-year tenure (45th to 49th AGM)
- Proposed appointment/regularization of 3 Directors: Mukesh Jiut Yadav, Hiren Kishor Patel, and Manoj Kumar Jhawar
- Director Ziauddin Mohammed retires by rotation and seeks re-appointment
IGC Industries Ltd has informed the exchange that its Board of Directors will meet on August 29, 2026. The meeting will consider and approve the notice and Directors' Report for FY 2025-26 and finalize the date, time, and venue for the 45th Annual General Meeting (AGM). The company currently has a market capitalization of Rs 7 crore with zero TTM revenue and 0.0% promoter holding.
- Board meeting scheduled for August 29, 2026
- Agenda includes approval of Notice and Directors' Report for FY 2025-2026
- Board to fix date, time, and venue for the 45th Annual General Meeting
- Intimation dated August 26, 2026 submitted to BSE
IGC Industries Limited announced board changes following its board meeting on August 25, 2026. The company approved the appointment of Mr. Mukesh Jiut Yadav and Mr. Hiren Kishor Patel as Additional Independent Directors, subject to shareholder approval. Concurrently, Mrs. Hemlata resigned from her position as Independent Director citing increasing personal and professional commitments. These governance updates occur in a microcap entity with a market capitalization of Rs 7 crore, zero promoter holding, and nil TTM revenue.
- Resignation of Independent Director Mrs. Hemlata effective August 25, 2026
- Appointment of Mr. Mukesh Jiut Yadav (DIN: 10778075) as Additional Independent Director
- Appointment of Mr. Hiren Kishor Patel (DIN: 10753864) as Additional Independent Director
- Board meeting conducted within 45 minutes (3:00 P.M. to 3:45 P.M. on August 25, 2026)
IGC Industries Limited has announced board reconstitution following a board meeting held on 25th August, 2026. The company appointed Mr. Mukesh Jiut Yadav and Mr. Hiren Kishor Patel as Additional Independent Directors, subject to shareholder approval. Simultaneously, the board accepted the resignation of Independent Director Mrs. Hemlata due to personal and professional commitments. The changes are procedural and have no direct financial impact on the company, which reported nil revenue in recent quarters.
- Appointment of Mr. Mukesh Jiut Yadav (DIN: 10778075) as Additional Independent Director effective 25th August, 2026
- Appointment of Mr. Hiren Kishor Patel (DIN: 10753864) as Additional Independent Director effective 25th August, 2026
- Resignation of Mrs. Hemlata (DIN: 10417881) from the post of Independent Director effective 25th August, 2026
- Board meeting duration was 45 minutes, commencing at 3:00 P.M. and concluding at 3:45 P.M.
IGC Industries Limited announced changes to its Board of Directors following its meeting on August 25, 2026. The Board approved the appointment of Mr. Mukesh Jiut Yadav and Mr. Hiren Kishor Patel as Additional Independent Directors, subject to shareholder approval. Concurrently, the Board accepted the resignation of Mrs. Hemlata from her position as Independent Director effective August 25, 2026. The company operates in the trading sector with a micro-cap size of Rs 7 Cr and zero promoter holding.
- Appointed Mr. Mukesh Jiut Yadav and Mr. Hiren Kishor Patel as Additional Independent Directors w.e.f. August 25, 2026
- Accepted resignation of Independent Director Mrs. Hemlata w.e.f. August 25, 2026 citing personal commitments
- New appointments are subject to the approval of the Members of the Company
- Board meeting commenced at 3:00 P.M. and concluded at 3:45 P.M. on August 25, 2026
IGC Industries has informed BSE that its Board of Directors will meet on Tuesday, August 25, 2026. The key item on the agenda is the discussion on the appointment and resignation of directors. The micro-cap company currently has 0.0% promoter holding and reported zero revenue with a TTM net loss of Rs 18 Cr.
- Board meeting scheduled to be held on Tuesday, August 25, 2026
- Primary agenda includes discussion on appointment and resignation of directors
- Intimation issued under Regulation 29(1) of SEBI LODR on August 17, 2026
IGC Industries reported zero revenue from operations for the quarter ended June 30, 2026, continuing its non-operational status. The company posted a massive net loss of ₹14.62 Cr, a significant increase from the ₹2.63 Cr loss in the previous quarter. A critical auditor note highlights a write-off of ₹9.32 Cr in advances following a complaint from the Directorate of Enforcement (ED) regarding disputed transactions. The company has waived its claims to these assets to comply with regulatory requirements, severely impacting the bottom line.
- Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026.
- Net loss widened significantly to ₹1,462.03 Lakhs from ₹263.72 Lakhs in the sequential quarter.
- A write-off of ₹9,31,59,000 (₹9.32 Cr) was recorded due to a Directorate of Enforcement (ED) complaint.
- Total expenses reached ₹1,462.03 Lakhs, primarily driven by 'Other expenses' which include the regulatory write-off.
- Loss per share (EPS) for the quarter stood at ₹(4.21) on a face value of ₹10.
IGC Industries reported zero revenue from operations for the quarter ended June 30, 2026, continuing a trend of non-operational status. The company posted a massive net loss of Rs 1,462.03 Lakhs, primarily due to a significant write-off of advances. The statutory auditor highlighted a write-off of Rs 9.32 Crore following a complaint from the Directorate of Enforcement (ED) regarding disputed transactions. This write-off represents a substantial erosion of the company's asset base and reflects serious regulatory complications.
- Revenue from operations stood at Rs 0.00 for the quarter ended June 30, 2026.
- Net loss widened significantly to Rs 1,462.03 Lakhs from a loss of Rs 263.72 Lakhs in the sequential quarter.
- Write-off of advance amount totaling Rs 9,31,59,000 (Rs 9.32 Cr) due to a complaint from the Directorate of Enforcement (ED).
- Total expenses reached Rs 1,462.03 Lakhs, consisting entirely of 'Other Expenses' including the regulatory write-off.
- Earnings Per Share (EPS) deteriorated to -4.21 for the quarter compared to -0.76 in the previous quarter.
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