AksharChem India Ltd

AksharChem India Ltd: Trading window closed from October 01, 2026 till 48 hours after announcement/declaration of the Unaudited financial results for the quarter and half-year ended September 30, 2026

AGM Details

• Date, time, and mode: 22 September 2026, 12:00–12:30 PM, physical AGM at the registered office.
• Record date: 15 September 2026.
• Total shareholders on record: 10,938.

Resolutions & Voting

• Resolution 1: Adoption of audited financial statements; passed with 99.83% in favour, 0.17% against.
• Resolution 2: Declaration of final dividend for FY2025-2026; passed with 99.83% in favour, 0.17% against.
• Resolution 3: Re-appointment of Paru M. Jaykrishna as Director by rotation; passed 99.83% in favour.
• Resolution 4: Re-appointment of Sachin M. Jaykrishna as Director by rotation; passed 99.83% in favour.
• Resolution 5: Ratification of remuneration payable to the Cost Auditors; passed with 99.83% in favour.

Directors & Auditors

• Re-appointment of Paru M. Jaykrishna and Sachin M. Jaykrishna as Directors by rotation.
• Remuneration payable to Cost Auditors ratified (Ordinary).
• No other auditor changes disclosed.

Other disclosures

• Material related party transactions: none disclosed.
• Dividend: final dividend declared for FY2025-2026.

AGM details

• AGM held 22 September 2026 at the registered office; physical meeting.
• Meeting commenced 12:00 p.m. and concluded 12:30 p.m.
• Business conducted via remote e-Voting and Poll.

Key resolutions

• Adoption of audited financial statements for year ended 31 March 2026.
• Declaration of final dividend for year ended 31 March 2026.
• Re-appointment of Mrs. Paru M. Jaykrishna as director on rotation.
• Re-appointment of Mr. Sachin M. Jaykrishna as director on rotation.
• Ratification of remuneration payable to the Cost Auditors.

Voting results

• Voting results not disclosed in this filing; to be submitted separately.

Dividend

• Final dividend declared for financial year 2025-26.

Director changes

• Directors re-appointed: Paru M. Jaykrishna and Sachin M. Jaykrishna.

Auditors

• Remuneration payable to Cost Auditors ratified.

AGM and dividend update

• 37th AGM is scheduled for Sep 22, 2026 at 12:00 IST at Akshar House, Indrad, Gujarat.
• Board recommended a dividend of ₹0.50 per equity share for FY2025-26.
• Dividend is subject to shareholder approval at the AGM.
• Board's dividend recommendation was made at the May 21, 2026 meeting.
• Notice and Annual Report for FY2025-26 accessible on the company's website via web-link and path.
• Physical shareholders must complete KYC for electronic dividend payout.
• RTA MUFG Intime India Private Limited handles shareholder services.

Record date details

• Security: Equity shares.
• Record date: Tuesday, 15 September 2026.
• Purpose: determine entitlement for final dividend and AGM eligibility.
• Dividend: Rs. 0.50 per equity share for FY 2025-26.
• Subject to shareholder approval at the AGM.
• AGM date: 22 September 2026.
• Payment: dividend paid within 30 days of declaration, if declared.

Financial snapshot

• Revenue from operations: Rs 37,243 lakhs.
• Total income: Rs 37,262.78 lakhs.
• Net loss after tax: Rs 43.86 lakhs.
• EBITDA declined 2.16% to Rs 530.51 lakhs.
• Exports accounted for 57% of sales; turnover Rs 21,236.71 lakhs.
• EPS (basic and diluted) Rs -0.55.
• Final dividend Rs 0.50 per share proposed; total Rs 40.17 lakhs.
• Net cash flow from operations Rs 166.82 lakhs.

Operations & capacity

• Two manufacturing facilities in Gujarat: Mehsana and Dahej.
• Total capacity 29,400 MTPA as of 31 Mar 2026.
• Precipitated silica capacity expanded 50%.
• Installed solar capacity 7.93 MWp; ~45% of electricity from renewables.
• Zero liquid discharge across plants.

Product mix & KPI highlights

• Vinyl Sulphone: production 5,180.72 MT; sales 5,330.83 MT; 66% utilisation.
• H-Acid: production 784.76 MT; sales 851.22 MT; 65% utilisation.
• CPC Green: production 1,803.31 MT; sales 1,843.37 MT; 75% utilisation.
• Precipitated Silica: production 14,022.82 MT; sales 14,009.25 MT; 78% utilisation.
• Silica revenue accounts for ~24% of total revenue.

Debt, liquidity & capital

• Total borrowings Rs 10,846.48 lakhs; current Rs 9,058.11; non-current Rs 1,788.37.
• Net debt Rs 10,831.15; gearing 0.41; equity Rs 26,152.91.
• Cash and cash equivalents Rs 15.33.
• Capex additions to PPE Rs 7,208.76 lakhs.

Dividend & shareholder matters

• AGM date 22 Sep 2026; record date 15 Sep 2026.
• Unclaimed dividends Rs 9.86 lakhs transferred to IEPF; 87,121 shares transferred.
• Paid-up capital Rs 8.033 million (80,33,099 shares).

Governance & leadership

• Board size nine; four executives, five independent; two women directors.
• Devalkumar I. Suthar appointed Executive Director w.e.f. 21 May 2026; Ashok Barot resigned.
• Four board committees: Audit, Nomination & Remuneration, CSR, Stakeholders; four meetings planned.

Audit, risk & internal controls

• Statutory auditors: Talati & Talati LLP; Secretarial: Bipin L. Makwana; Internal: Mahendra N. Shah & Co.
• No material audit qualifications; internal controls adequate; risk management for FX and commodity prices.
• Forward currency contracts used for hedging; governance oversight via Audit Committee.

Environment & sustainability

• ISO 9001, 14001, 45001 certifications; zero liquid discharge; circular economy initiatives.
• 93 MWp solar capacity; renewable energy mitigates coal use; proximity to vendors/ports reduces emissions.

CSR & related party disclosures

• CSR spend not required in FY2025-26 due to negative average net profit; CSR policy published on website.
• Related party transactions are at arm's length; policy disclosed on website.

AGM Details

• AGM date/time: 22 September 2026 at 12:00 p.m. IST.
• Venue: Registered Office, Akshar House, Indrad, Gujarat (physical).
• Remote e-voting window: 18–21 September 2026.
• Cut-off date for voting: 15 September 2026.

Dividend Details

• Final dividend for FY2025-26 proposed.
• Record date for entitlement: Sep 15, 2026.
• Dividend paid after applicable TDS rates.

Ordinary Resolutions

• Adopt Audited Financial Statements and reports for the year ended 31 March 2026.
• Declare final dividend for the financial year 2025-26.
• Re-appoint Paru M. Jaykrishna as Director (retiring by rotation).
• Re-appoint Sachin M. Jaykrishna as Director (retiring by rotation).

Cost Auditor

• Appointed for 2026-27: M/s M. I. Prajapati & Associates LLP.
• Remuneration proposed: Rs 45,000 plus taxes and expenses.
• Converted to LLP; no change in auditor or terms.
• Remuneration ratification sought from Members.

Unclaimed Dividends / IEPF

• Unclaimed dividends will be transferred to IEPF after seven years.

Financials

• Q1 FY2026 revenue from operations ₹14,087.03 lakhs; total income ₹14,090.39 lakhs.
• Total expenses ₹12,495.58 lakhs; PBT before exceptional ₹1,594.81 lakhs.
• PAT continuing operations ₹1,521.24 lakhs; tax ₹73.57 lakhs.
• EPS basic and diluted ₹18.94 for the quarter.
• Exceptional item: insurance claim ₹169.61 lakhs recognized in Q2 FY25-26.

Capex & solar capacity

• Ground-mounted solar plant commissioned: 2.40 MWp DC / 1.75 MWp AC; cost ₹696.97 lakh.
• Commissioning date: 24-Apr-2026; captive consumption at Dahej factory.

Segment & reporting

• Single segment: Chemical Business.
• Unaudited standalone results approved by Board on Aug 12, 2026; Limited Review conducted.