Indobell Insulations Ltd — Important, 22-05-2026: Company Update

The board has approved the financial results for the half-year and year, with an unmodified auditor opinion. No dividend was declared for FY 2025-2026. Mr. Mayank Burman has been appointed as CEO, effective June 1, 2026. Mr. Varikallu Kondala Rao is now categorized as Senior Management. M/s. Basu Chatterjea & Co. were reappointed as Internal Auditors until May 2027. Regarding public issue funds, out of 10.14 Cr raised, 0.41 Cr for capital expenditure remains unutilized and is held in a Fixed Deposit, awaiting plant and machinery purchases. No other deviation in fund utilization was reported.