Chemplast Sanmar Ltd

Dematerialisation/rematerialisation status

• RTA certificate confirms Reg 74(5) compliance for quarter ended 30 September 2026 and furnishing details to exchanges.
• CDSL confirms the dematerialisation/rematerialisation details for the period were furnished to all stock exchanges.
• NSDL confirms the dematerialisation/rematerialisation details for the period were furnished to all stock exchanges.

Chemplast Sanmar Limited — Trading Window Closure from 1 October 2026 till two clear trading days after communication of Unaudited financial results for the quarter and half year ending 30 September 2026

Operational Update

• EDC plant at Karaikal resumed operations after provisional revocation of the prohibition order.
• Final revocation depends on PPCC review and issuance of final order.
• Plant damage estimated at Rs 5 crore; RCA and HAZOP completed.

Director resignation

• Resignation of Mr V S Radhakrishnan, Non-Executive Non-Independent Director, effective 15 September 2026.

Disposal by Mirae Asset Mutual Fund in Chemplast Sanmar Limited

• Target Company: Chemplast Sanmar Limited.
• Disclosing Party: Mirae Asset Mutual Fund (not part of promoter/promoter group).
• Transaction Type: Disposal of shares carrying voting rights.
• Pre-Transaction Holding: 400,987 shares (0.25% voting; 0.25% diluted).
• Transaction Details: Sold 19,983 shares; Open Market on 04/09/2026; 0.01% of voting capital.
• Post-Transaction Holding: 381,004 shares (0.24% voting; 0.24% diluted).
• Date of Transaction: 04/09/2026.
• Share Capital Context: Pre/post equity share capital 158,109,574; unchanged after sale.

MD appointment approved

• CG approval received for MD appointment of Ganeshkumar Subramanian for a three-year term starting Apr 1, 2026.

Financial Performance

• Consolidated revenue for Q1 FY27: INR 1,125 crores vs INR 1,100 crores in Q1 FY26.
• Net loss for the quarter: INR 176 crores.
• EBITDA loss: INR 115 crores for the quarter.
• Specialty Chemicals revenue: INR 427 crores; volumes up 21% YoY.
• Value-added chemicals revenue: INR 129 crores; vs 138 crores in Q1 FY26.
• Suspension PVC revenue: INR 569 crores; vs 608 crores in Q1 FY26.

Segment Trends

• Revenue mix: Specialty Chemicals 38%, Value-added chemicals 11%, Suspension 51%.
• CMCD pipeline: ~50 molecules in development; 14 commercially active.
• R32 refrigerant gas: commercial production started May 2026; capacity 14,000 tons.

Capex & Projects

• Paste PVC debottlenecking: 7,000 tons; on track for commissioning in October 2026.
• MPB 3 Phase 3 and Pilot Phase 3 commissioned and on stream.
• Go-to-market: partnerships in domestic and international markets; capacity online timing aligned.

Liquidity & Balance Sheet

• Interest cost around INR 235 crores annually; management indicates liquidity sufficient to service debt.
• Cash accruals and conserved cash expected to cover debt servicing obligations.

Q&A Highlights

• PVC-VCM spread in Q1 was negative; replacement-cost spread around USD 160/ton; high-cost VCM washed out by August.
• To achieve EBITDA positive for PVC, spread needs roughly USD 120–130/ton.
• CMCD utilization on existing assets ~60–70% (excluding new Phase 3); ROCE targets to be realized as assets ramp.
• CMCD revenue target of INR 1,000 crores; on track as communicated previously.
• 14 CMCD molecules commercial; ~50 in development; emphasis on agchem, with long-term diversification.

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.