Chemplast Sanmar Ltd

AGM Details

• Meeting held on 07-08-2026 from 03:00 to 04:03 PM via Video Conferencing/AV Means.
• Record date: 31-07-2026.

Key Resolutions

• Resolution 1: Adoption of standalone and consolidated financials; passed.
• Resolution 2: Vijay Sankar appointed as Director by rotation; passed.
• Resolution 3: Sumit Maheshnan appointed to fill casual vacancy; passed.
• Resolution 4: Ratification of remuneration to Cost Auditor; passed.
• Resolution 5: Approval of Independent Directors’ remuneration for three years; passed.

Director Changes

• Vijay Sankar appointed as Director by rotation.
• Sumit Maheshnan appointed as Director to fill casual vacancy.

Auditor/Related Parties

• No change in statutory auditors; remuneration of Cost Auditor approved.

Voting results overview

• All five resolutions passed with requisite majorities.
• Promoter group did not cast votes.

Meeting Details

• Date and time: August 7, 2026 at 6:59 PM IST.
• Type/mode: Earnings call; audio recording available online.
• Organizer: Chemplast Sanmar Limited.

Participants

• Key company participants include Company Secretary and Compliance Officer.

Purpose

• Discuss unaudited quarterly results for quarter ended June 30, 2026.

Additional Notes

• Recording accessible via the company website; transcript/presentation may be released.

AGM Details

• Date and time: 7 August 2026, 3:00 PM IST.
• Mode: Video Conferencing / Other Audio Visual Means.
• Attendance: 51 members attended via VC/OAVM.

Ordinary Business

• Approval of Audited Standalone and Consolidated Financial Statements for FY ended 31 March 2026.
• Appointment of Vijay Sankar as Director liable to retire by rotation.

Special Business

• Appointment of V S Radhakrishnan as Non-Executive and Non-Independent Director in casual vacancy.
• Ratification of remuneration of Rs. 5,75,000 to N Sivashankaran & Co. for Cost Audit FY 2026-27.
• Payment of Commission/Remuneration to Independent Directors for three years FY 2026-27 to 2028-29.

Voting & Results

• Results of e-voting to be announced on or before 11 August 2026.

Business Overview

• Chemplast Sanmar is an Indian chemical maker with Specialty Chemicals, VAC, and Suspension PVC segments.
• Specialty Chemicals include Paste PVC, CMCD, and Refrigerant Gases (R-32).
• Key expansions include Cuddalore Paste PVC debottlenecking and multi-purpose block MPB expansions.
• Swing plant for R-32 started commercial production in May 2026; ramp-up underway.
• FY26 consolidated revenue Rs 4,224 crore and EBITDA Rs 198 crore; high backward integration across sites.

Key Operational Highlights

• Q1 FY27 consolidated revenue Rs 1,125 crore; EBITDA loss Rs 115 crore.
• Cuddalore Paste PVC capacity debottlenecked by 7 KTPA; on-stream by Oct 2026.
• CMCD revenue run-rate healthy with growth momentum into FY27.
• R-32 swing plant commercial production commenced May 2026; ramp-up underway.
• Suspension PVC headwinds; duty reforms expected to provide marginal respite.
• Karaikal fire on 17 Jul 2026; production shut; no injuries; downtime for maintenance.

Financial Performance

• Standalone revenue Rs 592 crore; EBITDA Rs 7 crore; PAT Rs -49 crore.
• Consolidated revenue up 2% YoY to Rs 1,125 crore; EBITDA margin -10%.
• Q1 FY27 had no material exceptional items in the period presented.

Capital Structure & Liquidity

• Insurance claim filed for Karaikal fire; downtime used for planned maintenance.
• No debt/equity changes disclosed in this quarter.

Strategic Priorities & Outlook

• CMCD growth momentum to be sustained; focus on new geographies and products.
• Capex plan includes ~Rs 160 crore additional for MPB capacity expansion.
• Total long-term capital allocation framework cited as ~USD 2 billion for growth.

Risks & Mitigation

• Elevated input costs due to Middle East conflict; impact on margins.
• Soft demand in some segments and price pressure in VAC.
• Regulatory measures on imports (duty, MIP) expected to alleviate pressures.

Governance & Leadership

• Managing Director: S. Ganeshkumar; Board includes independent directors (e.g., Aditya Jain, Prasad Menon).
• No leadership changes disclosed in this filing.

Financial results approved

• Unaudited Standalone Q1 ended 30 Jun 2026: revenue 592.32 cr; PAT -49.29 cr; EPS -3.12.
• Unaudited Consolidated Q1 ended 30 Jun 2026: revenue 1,124.66 cr; PAT -45.38 cr; EPS -11.10.
• Auditors' limited review for both results: unmodified opinion.

Key events and unusual items

• Fire at Karaikal EDC plant caused temporary disruption; insurer informed; financial impact not determinable.
• CCVL impairment of 898 cr recognized in prior year; 149.92 cr exceptional charge for onerous contracts.
• Consolidated results include 149.92 cr exceptional item; PBT negative, tax impact reflected.

Meeting Details

• Meeting date: 6 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated results for quarter ended 30 June 2026, with Limited Review.

Other Notes

• Trading window closed for Designated Persons and immediate relatives from 1 July to 10 August 2026.

Regulatory update: Karaikal EDC plant closure

• Direction to close the Karaikal EDC plant until further orders.
• Closure follows a fire at Karaikal EDC plant reported July 18, 2026.
• Company to submit compliance report to Puducherry Pollution Control Committee detailing corrective actions.
• Impact on financials being ascertained; damages not quantified yet.
• Annexure-A with regulatory details submitted; status awaiting regulatory clearance.

Regulatory action on Karaikal EDC plant

• Chief inspector issued prohibition order on July 19, 2026 prohibiting EDC plant operations at Karaikal.
• Order requires revocation with approval of the Puducherry Chief Inspector after compliance.
• Company undertaking corrective actions and submitting compliance report with action plan for revocation.
• Information receipt date: July 19, 2026; impact to date is being ascertained.
• No quantified financial impact disclosed; damage assessment ongoing.