Board approves unaudited results for quarter ended June 30, 2026; reconstitutes three board committees

Board meeting outcome (Oct 7, 2026).

Wed 7 Oct 2026

Standalone revenue (Rs in Lakhs)

415.34

Consolidated revenue (Rs in Lakhs)

3,770.55

Consolidated profit for the period (Rs in Lakhs)

54.00

What the board approved

The board met on Wednesday, October 7, 2026 and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, as recommended by the Audit Committee. The statutory auditors reviewed the results and gave an unmodified opinion.

Standalone results (Rs in Lakhs)

• Revenue from operations: 415.34, against 407.98 in the quarter ended 3/31/2026 and 668.57 in the quarter ended 6/30/2025
• Total income: 434.10
• Total expenses: 414.72
• Profit before tax: 19.38
• Profit for the period: 14.50, against 2.35 in the quarter ended 3/31/2026 and 12.77 in the quarter ended 6/30/2025
• Basic and diluted earnings per share: 0.03
• Paid up equity share capital: 4,553.63

Consolidated results (Rs in Lakhs)

• Revenue from operations: 3,770.55, against 3,776.42 in the quarter ended 3/31/2026 and 2,910.37 in the quarter ended 6/30/2025
• Total income: 3,929.65
• Total expenses: 3,870.76
• Profit before tax: 58.88
• Profit for the period: 54.00, against 97.60 in the quarter ended 3/31/2026 and 15.65 in the quarter ended 6/30/2025
• Comprehensive income attributable to owners of the Company: 26.22
• Comprehensive income attributable to Non Controlling Interest: 27.78
• Basic and diluted earnings per share: 0.06

Committee reconstitution, effective October 7, 2026

• Audit Committee: Mr. Nangavaram Mahadevan Ranganathan (Chairman, Independent Director), Mr. Swaminathan Govindarajan (Member, Whole-time Director), Ms. Bokara Nagarajan Padmaja Priyadarshini (Member, Independent Director)
• Stakeholder Relationship Committee: Mr. Nangavaram Mahadevan Ranganathan (Chairman, Independent Director), Mr. Swaminathan Govindarajan (Member, Whole-time Director), Ms. Bokara Nagarajan Padmaja Priyadarshini (Member, Independent Director)
• Rights Issue Committee: Mr. Nangavaram Mahadevan Ranganathan (Chairman, Independent Director), Mr. Swaminathan Govindarajan (Member, Whole-time Director), Mr. Kasiraman Sayee Sundar (Member, Managing Director)

Auditor's limited review

Venkatesh & Co., Chartered Accountants, reviewed both the standalone and the consolidated statements and stated that nothing came to their attention that caused them to believe the results contain a material misstatement; the opinion is unmodified. Their consolidated review report notes that the financial information of 7 subsidiaries and 2 step down subsidiaries was not reviewed by them, and that this information, reflecting total revenues of ₹ 3,405.80 Lakhs and total comprehensive profit/(loss) of ₹ 39.50 Lakhs for the quarter, was reviewed by the management. The auditors' opinion on those amounts is based solely on the management's reports.

Entities covered in the consolidated results

The annexed list names nine entities: IBL Health Care Limited, HSL Agri Solutions Limited, HSL Prime Properties Private Limited, Healthway India Private Limited (Step Down Subsidiary), Dindigul Farm Product Limited (Subsidiary, 31.34%), Matrix Boilers Private Limited, IBL Investments Limited, IBL Social Foundation and Kniss Laboratories Private Limited (Step Down Subsidiary). Dindigul Farm Product Limited is consolidated by virtue of control established over its board of directors and decisions of management.

Other points from the update

The results will be published in the newspapers and are available on the company's website and on the BSE website. The update also states that no investor complaint was received during the quarter.

How to read this

The standalone and consolidated statements both show a profit for the quarter ended June 30, 2026, with standalone revenue from operations lower than the same quarter a year earlier and consolidated revenue from operations higher. The auditors' review is a limited review, which provides less assurance than a full audit. Alongside the results, the board changed the composition of the Audit Committee, the Stakeholder Relationship Committee and the Rights Issue Committee.

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