Chemtech Industrial Valves Ltd

AGM Details

• AGM date/time: September 30, 2026, 11:05 A.M. IST.
• Mode: VC/OAVM under MCA/SEBI guidelines.

Resolutions

• Ordinary: Adoption of Audited Financial Statements for FY ended March 31, 2026.
• Ordinary: Re-appointment of Puneet Pradeep Badkur as Director on rotation.
• Special: Increase in limit for loans/investments under Section 186.
• Special: Alteration in the Objects Clause of the Memorandum of Association.

Voting Status & Next Steps

• Voting results pending; Scrutinizer report to be intimated.
• Remote e-voting held Sep 27–29; on-site voting offered for 15 minutes after proceedings.

Director Changes

• Director: Puneet Pradeep Badkur to be re-appointed as Director.

Auditors

• No auditor appointments or changes announced.

Capital Changes

• Promoters converted 5,00,000 warrants into 5,00,000 equity shares at ₹200 each.

Chemtech Industrial Valves Ltd – Closure of Trading Window from October 01, 2026 till 48 hours after the declaration and submission of Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026

Financials

• Revenue from operations: Rs 3,017.21 lakh; down 24.64% YoY.
• Total income: Rs 3,555.50 lakh; down 16.68% YoY.
• Profit before tax: Rs 769.72 lakh; down 16.73% YoY.
• Profit after tax: Rs 501.69 lakh; down 28.50% YoY.
• Basic EPS: Rs 2.80; Diluted Rs 2.99.
• Net profit margin: 14.11%; Operating margin: 26%.
• Total assets: Rs 11,575.66 lakh; total equity: Rs 10,787.32 lakh.
• Cash and bank balances: Rs 6,093.87 lakh; current ratio 15.08x.
• No debt; debt-equity 0.00x.
• Share capital: Rs 18.43 crore; 1,84,37,333 shares issued.
• 5,00,000 warrants converted; Rs 10 crore raised; total warrants funded Rs 57.25 crore.
• Dividend not proposed for FY2025-26.

Segments & operations

• Manufacturing accounted for 82.61% of revenue; Project Sales 17.39%.
• FY2025-26 segment revenue: Manufacturing Rs 2,492.52 lakh; Project Sales Rs 524.69 lakh.
• Order book rising; live enquiries and tenders improved; marquee customers include L&T, AMNS, Tata Steel.
• Capex cycle translates into real activity; focus on execution and margins.

Capital structure & funding

• Authorized share capital unchanged at Rs 20 crore.
• Issued capital Rs 18.43 crore; 1,84,37,333 shares.
• Five lakh warrants converted on Mar 27, 2026; Rs 10 crore received.
• Total funds raised via warrants: Rs 57.25 crore; Rs 10.50 crore utilized in FY26.
• Dividend not proposed for FY25-26.

Governance & leadership

• Board of six directors: three Executive, three Independent.
• Two women Independent Directors on the Board.
• Aarohi Pareek appointed Company Secretary & Compliance Officer on Apr 20, 2026.
• Prachi Kothari resigned as CS on Sep 12, 2025.
• Independent Directors met separately on Dec 3, 2025.
• Audit Committee met five times; Chair Amita Jain.

Audit, risk & controls

• Independent Auditor's Report is unmodified with Emphasis on GST/CKP Bank.
• CARO notes include GST penalties and warrant conversions.
• Internal financial controls are adequate and operating; IA head reports to the Audit Committee.

CSR & ESG

• CSR spent Rs 10 lakh; 2% avg net profit Rs 9.30 lakh.
• Excess CSR set-off Rs 69,261; carried forward.
• CSR policy and annual CSR report available on company website.

Outlook & risks

• Capex cycle driving enquiries; tenders up; improvements in project execution expected.
• Risks include cyclicality, customer concentration, raw material costs, FX, and long approvals.
• Company pursues growth via product development and diversification.

AGM & investor info

• 30th AGM on Sep 30, 2026; VC/OAVM.
• Remote e-voting Sep 27-29, 2026; cut-off Sep 23, 2026.
• Speaker registrations open Sep 23-27, 2026; email investors@chemtechvalves.com.

Key Decisions

• Increase in Section 186 limits to Rs 100 crore, subject to member approval.
• Alter MOA Object Clause to add growth-sector objects, subject to member approval.
• AGM scheduled for Sept 30, 2026 at 11:00 AM IST via VC/OAVM.

Fund deviation status

• Purpose: No material deviation in use of funds from warrants conversion.
• Mode of fund raising: Preferential Issue via warrant conversion.
• Date of raising funds: March 27, 2026.
• Amount raised: ₹7.50 crore.
• Report filed for quarter ended: June 30, 2026.
• Monitoring agency: Not applicable.
• Deviation status: No deviation in use of funds.
• Audit Committee noted the statement at Aug 12, 2026 meeting.
• Utilisation status: Proceeds used as stated with no material deviation.

Results & review

• Board approved unaudited results for the quarter ended June 30, 2026.
• Limited Review Report by M/s. Raju & Prasad submitted.
• Audit Committee reviewed the results; board meeting held August 12, 2026.
• Ind AS compliant; figures regrouped as applicable.

Fundraising & deviation

• Warrants conversion raised Rs 7.50 crore; funds raised March 27, 2026.
• No deviation in use of funds; Audit Committee noted annexure.
• Original object: long-term funding for capex, working capital, and corporate purposes.
• Original allocation: Rs 57.25 crore; funds utilized deviation: Rs 20.50 crore.
• 5,00,000 warrants converted at Rs 200 per share; 25% received earlier.
• Aggregate Rs 57.25 crore includes earlier preferential issue proceeds.

Compliance & disclosures

• Adopted Ind AS from 1 April 2017; June 30, 2026 figures under Ind AS.