Indian Acrylics Limited has announced the appointment of Mr. Rubinderjit Singh Brar, IAS as a Non-Executive Nominee Director and Chairperson, effective November 12, 2026. This corporate governance update coincides with the company’s submission of its standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026. The financial statements reflect a net loss of ₹56.09 lakh for the quarter and a comprehensive income of ₹106.67 lakh.
Boardroom Changes and Financial Update
Indian Acrylics Limited has made a significant appointment to its Board of Directors. Mr. Rubinderjit Singh Brar, IAS, who also serves as the Managing Director of Punjab State Industrial Development Corporation Ltd. (PSIDC), has been appointed as a Non-Executive Nominee Director and Chairperson of the company. This appointment is effective from November 12, 2026, and it replaces Mrs. Surabhi Malik, IAS. The company also confirmed the approval of its standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026.
Financial Performance for Q2 FY2026
The financial results for the quarter ended September 30, 2026, indicate a net profit/(loss) of ₹(56.09) lakh. For the half-year ended the same date, the company reported a net loss of ₹(223.42) lakh. Total comprehensive income for the quarter stood at ₹106.67 lakh, while for the half-year it was ₹(60.66) lakh. Revenue from operations for the quarter was ₹7,308.60 lakh, and for the half-year, it amounted to ₹14,738.53 lakh.
Segment Performance Overview
Segment-wise analysis reveals that the ‘Fibre’ segment contributed positively to revenue, while the ‘Yarn’ segment experienced a loss. Total revenue from operations for the quarter was ₹12,877.56 lakh, with a profit before tax of ₹231.53 lakh. However, after accounting for finance costs and unallocable expenses, the total profit before tax for the quarter stood at ₹(56.09) lakh. Capital employed in the ‘Fibre’ segment was ₹4,485.56 lakh, while the ‘Yarn’ segment showed a negative capital employed of ₹(5,781.64) lakh.
Cash Flow from Operations
The standalone cash flow statement shows a net cash used in operating activities of ₹(946.69) lakh for the period ending September 30, 2026. This is primarily due to a net profit before tax and extraordinary items of ₹(998.94) lakh. The company generated ₹1,315.26 lakh from operations before working capital adjustments, but faced significant outflows related to trade and other receivables and inventories.
Source: BSE
