Andhra Petrochemicals Ltd

Cessation as N&RC Chair

• G S V Prasad ceases as Chairman of Nomination and Remuneration Committee, effective 24 Sep 2026; remains member.

AGM Details

• AGM held on 23 September 2026 at 3:00 PM in physical mode at Tanuku, Andhra Pradesh.

Ordinary Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026.
• Reappoint director M S R V K Ranga Rao (retiring by rotation).
• Reappoint director Ravi Pendyala (retiring by rotation).
• Fix remuneration of Rs 5,00,000 to M/s C.V. Ramana Rao & Co. as statutory auditors for 2026-27.

Special Resolution

• Ratify remuneration of Rs 2,00,000 payable to Narasimha Murthy & Co. for 2026-27.

Voting Outcome

• All resolutions passed with requisite majority; no significant dissent reported.

Governance Note

• MD elected as Chairman following the demise of the previous Chairman.

Andhra Petrochemicals Ltd: Trading Window closure from 1 October 2026 until 48 hours after the unaudited results for quarter ended 30 September 2026

Financial snapshot

• Revenue from operations: 45,580.28 lakh; FY2025-26.
• Net loss after tax: 1,562.75 lakh; improved from 1,813.06 in prior year.
• Total comprehensive income: -1,538.59 lakh.
• Basic and diluted EPS: -1.84.
• Dividend for 2025-26: none; policy posted on company website.
• Total equity: 50,535.47 lakh; reserves 42,038.31; paid-up capital 8,497.16.

Operations & product mix

• Oxo-Alcohols produced: 47,844 MT; previous year 51,489 MT.
• Sales: 50,354 MT; previous year 49,032 MT.
• Product mix: 2-Ethyl Hexanol 34,584 MT; N-Butanol 12,174 MT; I-Butanol 1,086 MT.
• Profitability under pressure from cheaper imports and Asia price declines.
• Market environment influenced by China capacity expansion and global crude-linked pricing.

Capital structure & liquidity

• Borrowings: Nil as of 31-03-2026; last year 396.20.
• Lease liabilities total 8,222.36; current 829.17; non-current 7,393.19.
• Cash and cash equivalents: 224.24; bank balances 27,951.52; mutual funds 8,390.43.
• Current ratio: 11.39x; total assets 62,310.64; total equity + liabilities 62,310.64.
• No subsidiary; standalone financial position reported.

Governance & risk management

• Board comprised of 10 directors; four board meetings in FY25-26.
• Audit Committee re-constituted 20.09.2025; four meetings; CFO/CS secretary.
• Whistle Blower policy in place; Risk Management Committee re-constituted 20.09.2025.
• ICRA ratings downgraded: long-term BBB+ (Negative); short-term A2+; total LC Rs 94.18 crores.

CSR & sustainability

• CSR expenditure: Rs 55,39,487; healthcare initiatives via Mullapudi Trust.
• Two percent of average net profit: Rs 55,39,487.
• Unspent CSR balance carried forward: Rs 41,66,000.07.

Audit & compliance

• Statutory auditors CV Ramana Rao & Co; remuneration Rs 9.70 lakh (FY25-26).
• Cost Auditors Narasimha Murthy & Co; remuneration Rs 2.00 lakh; ratification sought.
• Secretarial audit by Nekkanti S.R.V.V.S Narayana & Co; no qualifications.
• Plant operations suspended from 17.03.2026 due to HPCL propylene supply disruption; resume upon supply restoration.

Liabilities & commitments

• Contingent liabilities include FPPCA charges: Rs 308.27 lakh (2022-23) and Rs 332.18 lakh (2023-24).
• Capital commitments: Rs 546.10 lakh; long-term Rs 278.16 lakh.
• Lease dispute with Visakhapatnam Port Trust; High Court judgement delivered 03.11.2025.
• FLOP insurance arbitration: income not recognized due to ongoing arbitration.

Financial highlights

• Revenue from operations: Rs 1,409.06 lakhs; total income: Rs 2,069.47 lakhs.
• PBT before exceptional items: Rs -475.32 lakhs; after exceptional: Rs -176.17 lakhs.
• Exceptional items: Rs 308.27 lakhs; tax expense: Rs 150.14 lakhs.
• Profit from continuing operations: Rs -325.18 lakhs; EPS (basic/diluted): -0.38.
• Plant shutdown due to propylene supply; resumed 11 May 2026; extended to 4 Aug 2026.

Operational and regulatory notes

• Board approved unaudited results on 5 Aug 2026; Limited Review by CV RAMANA RAO & Co.
• Single-product manufacturer; no segment reporting; lease dispute with Visakhapatnam Port Authority.
• Lease accounting under Ind AS 116 provisionally; lease deed pending after relevant judgments.

Andhra Petrochemicals Ltd closes trading window from 1 July 2026 to 7 August 2026 ahead of board meeting on 5 August 2026 to consider unaudited financial results for the quarter ended 30 June 2026

Meeting Details

• Board meeting scheduled for Wednesday, 27 May 2026.

Key Agenda Items

• Approval of audited financial results for the quarter and year ended 31 March 2026.
• Adoption of audited accounts for financial year 2025-26.