Graphite India Limited — Others, 07-07-2025: Shareholders meeting

Graphite India Limited has announced a board meeting on 14th May 2025 to appoint Mr. Debanjan Mandal as a Non-Executive Independent Director for five years. The company will pay Rs. 2.30 Cr commission to Chairman K.K. Bangur for FY 2024-25, exceeding 50% of total commission to non-executive directors, subject to shareholder approval. Secretarial auditors Bajaj Todi & Associates have been appointed for a five-year term. Cost auditors for various plants are appointed with specific remuneration details. The company is authorized to issue debentures/bonds up to Rs. 5,000 Cr via private placement to support growth and capital needs.

For FY 2024-25, revenue from operations stood at Rs. 2,420 Cr, down from Rs. 2,894 Cr last year, but profit before tax increased to Rs. 569 Cr (excluding exceptional items). The company recommended a dividend of Rs. 11 per share. EBITDA margin improved significantly, driven by higher volumes and cost control despite lower realizations due to weak global demand. The company continues to focus on graphite electrodes for electric arc furnace steel production and related segments including steel and impervious graphite equipment. Overseas subsidiaries recorded lower losses compared to the previous year, with German graphite electrode operations still closed and one subsidiary under liquidation.

Significant capital expenditure of Rs. 166 Cr was incurred during the year, mainly on capacity expansion and clean energy projects including wind and solar power plants. Graphite India undertook sustainability initiatives reducing energy and water consumption by over 20% compared to last year and achieved ISO certifications for environment, energy and safety management across plants. The group’s gearing ratio improved to 1.07% with net debt of Rs. 64 Cr, reflecting strong liquidity and conservative capital structure.

Risks include exposure to volatile raw material prices, steel industry cyclicality, and geopolitical issues impacting export markets. The company maintains robust internal controls and compliance systems, with all directors meeting regulatory criteria. Related party transactions are conducted on arm’s length basis and disclosed transparently. The company embraces ESG principles in operations, aiming for sustainable growth aligned with evolving environmental regulations and steel industry decarbonization trends.