Indian Acrylics Ltd

Indian Acrylics Limited certified that details of securities dematerialized during the quarter ended September 30, 2026, have been furnished to stock exchanges as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, and confirmed by Alankit Assignments Limited.

Indian Acrylics Ltd announced rating upgrades and reaffirmations from Brickwork Ratings India Private Limited (BWR) across various instruments. BWR upgraded the ratings for Bank loans and facilities to BWR BB-Stable/Upgrade (Long-term) and BWR A4/Upgrade (Short-term), both amounting to Rs.99 crore, alongside upgrades for Bank Loan facilities of Rs. 5.00 crore. Several other instruments, including Term Loans, Withdrawal Cash Credit, Sub-limits (EPC, CC, FOB LC / FOOT NLC, working capital demand loan, export credit, Buyer's credit of ILC/FLC), Non-Fund Based Letter of Credit, Sub-Limit (Packing credit), Inland Letter of Guarantee, and ILC/FLC, were reaffirmed at BWR BB-/Stable and BWR A4, respectively, while Fund Based LT was upgraded to BWR BB- /Stable. The agency also reaffirmed ratings of BWR D for certain instruments and noted a projected net loss of Rs. 30.86 crore in FY25 and Rs. 24.09 crore in FY26, highlighting sensitivities related to revenue, EBITDA, debt servicing capacity, TNW, and leverage/debt.

Indian Acrylics Limited announced that at its 39th Annual General Meeting held on September 29, 2026, shareholders approved the re-appointment of Rajinder Kumar Garg as Managing Director for three years effective March 1, 2027, and Alok Goyal as Executive Director (Works) for three years also effective March 1, 2027. Rajinder Kumar Garg, a promoter of the company and father to Additional Managing Director Dheeraj Garg, has been with the company since its inception, while Alok Goyal has been with Indian Acrylics Limited since 1998.

Indian Acrylics Ltd announced rating actions from both Brickwork Ratings India Private Limited and BWR (Brickwork Ratings), impacting a range of instruments. Brickwork Ratings upgraded the long-term rating for Bank loans and facilities to BWR BB- Stable from BWR BB and the short-term rating to BWR A4 from BWR BB, while reaffirming several instruments including Term Loan at BWR BB-/Stable, Withdrawal Cash Credit at BWR BB-/Stable, and Sub-limits for EPC, CC, FOB LC/FOOT NLC, working capital demand loan, export credit, Buyer's credit of ILC/FLC, Non-Fund Based Letter of Credit, Packing credit, Inland Letter of Guarantee, and ILC/FLC. BWR reaffirmed various instruments including Term Loan, Withdrawal Cash Credit, Sub-limits, and Non-Fund Based Letters of Credit, all at BWR BB-/Stable, alongside reaffirming Inland Letter of Guarantee at BWR A4. The ratings are based on audited financials up to FY25(A), data for FY26(A), and projected financials for FY27 and FY28, with sensitivities noted for Revenue (positive and negative), Debt (negative), TNW (positive and negative), Liquidity (negative), and overall performance.

Indian Acrylics Limited informed the BSE Limited that the trading window for its designated persons and their immediate relatives will be closed from October 1, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the quarter and half year ended September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Indian Acrylics Ltd share price declined by 0.50% to Rs 5.92 after the company's net profit plunged by 85.38% to Rs 1.67 crore, while revenue from operations increased sharply by 44.51% to Rs 106.94 crore in Q2FY26 over Q1FY26. The market capitalization of Petrochemicals industry group stocks on BSE stood at Rs 35254.34 crore, surging by 16.49%. It has slipped by 1.78% over last one week and climbed by 8.92% in last one month while the market capitalization of Indian Acrylics Ltd has inched up 2.60% and 0.84% in the same period respectively. Profit before tax (PBT) of Indian Acrylics Ltd stood at Rs 1.67 crore in Q2 FY26, tumbling by 64.62% year-on-year, and tanking 85.38% quarter-on-quarter. EBITDA came in at Rs 1 crore, nosediving by 47.69% YoY and plunging by 88.01% sequentially. Total expenses surged 29.94% to Rs 107.99 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 80.43 crore, witnessing a sharp rise of 233.32% YoY, while employee benefits expense was at Rs 11.93 crore, collapsing by 20.89% YoY. For the TTM ended FY26, revenue from operations tumbled 28.72% to Rs 389.33 crore, while net profit tumbled by 42.89% to Rs 30.87 crore, compared to previous TTM. EBITDA tanked by 2572% to Rs 8.86 crore, and PBT collapsed by 42.89% to Rs 30.87 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 9.56 crore in FY26, as against Rs 8.63 crore in FY25. Indian Acrylics Ltd crashed 25.16% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.83% during the same period.

Indian Acrylics Limited will hold a board meeting on August 13, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026, and the trading window for company insiders will remain closed until 48 hours after the results are released to the public, as previously announced on June 26, 2026.

Net Loss of Indian Acrylics reported to Rs 11.42 crore in the quarter ended March 2026 as against net loss of Rs 5.69 crore during the previous quarter ended March 2025. Sales declined 10.76% to Rs 74.00 crore in the quarter ended March 2026 as against Rs 82.92 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 24.09 crore in the year ended March 2026 as against net loss of Rs 30.87 crore during the previous year ended March 2025. Sales declined 9.67% to Rs 351.68 crore in the year ended March 2026 as against Rs 389.33 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales74.0082.92 -11 351.68389.33 -10 OPM %-8.590.31 --0.37-0.97 - PBDT-8.66-2.53 -242 -12.86-17.21 25 PBT-11.42-5.69 -101 -24.09-30.87 22 NP-11.42-5.69 -101 -24.09-30.87 22 Powered by Capital Market - Live

Indian Acrylics will hold a meeting of the Board of Directors of the Company on 29 May 2026.

Net Loss of Indian Acrylics reported to Rs 2.20 crore in the quarter ended December 2025 as against net loss of Rs 4.92 crore during the previous quarter ended December 2024. Sales declined 7.33% to Rs 89.30 crore in the quarter ended December 2025 as against Rs 96.36 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales89.3096.36 -7 OPM %3.751.38 - PBDT0.61-1.79 LP PBT-2.20-4.92 55 NP-2.20-4.92 55 Powered by Capital Market - Live