DMCC Speciality Chemicals Ltd

AGM Details

• Date and time: September 11, 2026 at 11:30 IST.
• Mode: Video Conferencing or Other Audio-Visual Means.
• Record date: 04 September 2026.

Key Resolutions

• Ordinary: adopt standalone financial statements for year ended March 31, 2026.
• Ordinary: adopt consolidated financial statements for year ended March 31, 2026.
• Ordinary: declare final dividend on equity shares for year ended March 31, 2026.
• Ordinary: re-appointment by rotation of a director.
• Ordinary: ratify Cost Auditor’s remuneration for FY 2026-27.
• Special: approve remuneration of non-executive directors for FY 2026-27.
• Special: enhance borrowing limits.
• Special: creation of mortgage/charge on assets to secure borrowings.

Voting Results

• All eight resolutions passed with requisite majority.

Dividend

• Final dividend on equity shares approved.

Director Changes

• Re-appointment by rotation of a director.

Auditor Remuneration

• Cost Auditor remuneration ratified for FY 2026-27.

Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• Borrowing limits enhanced and asset mortgages/charges approved.

AGM Details

• Date/time/mode: 11 Sep 2026, 11:30 a.m.–12:45 p.m. IST, VC/OAVM.
• Cut-off for voting: 4 Sep 2026; remote e-voting: 8–10 Sep 2026.
• Deemed venue: Registered Office; e-voting concluded 15 minutes after AGM.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of standalone financial statements for the year ended March 31, 2026.
• Resolution 2 (Ordinary): Adoption of consolidated financial statements for the year ended March 31, 2026.
• Resolution 3 (Ordinary): Declaration of final dividend for the financial year ended March 31, 2026.
• Resolution 4 (Ordinary): Re-appointment of Kuldeep Kumar Tiwari, retiring by rotation.
• Resolution 5 (Ordinary): Ratification of Cost Auditor's remuneration for FY 2026-27.
• Resolution 6 (Special): Approval of payment of commission to non-executive directors.
• Resolution 7 (Special): Approval for enhancement of borrowing limits.
• Resolution 8 (Special): Approval for creation of mortgage/charge on assets.

Voting Results

• Resolution 1: Deemed passed upon receipt of requisite votes.
• Resolution 2: Deemed passed upon receipt of requisite votes.
• Resolution 3: Deemed passed upon receipt of requisite votes.
• Resolution 4: Deemed passed upon receipt of requisite votes.
• Resolution 5: Deemed passed upon receipt of requisite votes.
• Resolution 6: Deemed passed upon receipt of requisite votes.
• Resolution 7: Deemed passed upon receipt of requisite votes.
• Resolution 8: Deemed passed upon receipt of requisite votes.

Dividend

• Final dividend on equity shares declared.

Director Changes

• Re-appointment of Kuldeep Kumar Tiwari (retiring by rotation).

Auditor Appointments

• Statutory and secretarial auditors attended; no appointment changes disclosed.

R&D unit correction

• Correction limited to non-statutory AR, changing R&D investment from ₹182.81 Crore to ₹182.81 Lakh; no financial impact.

Financial highlights

• FY2026 revenue from operations ₹581.58 crore.
• PAT ₹27.33 crore, up 26.95% YoY.
• EBITDA ₹64.33 crore, margin 11.04%.
• Interest cost ₹9.61 crore, down 8.48%.
• PAT growth aided by higher realisations and pass-through costs.

Operations & mix

• Bulk chemicals led revenue growth, buoyed by domestic demand.
• Sulphur prices rose due to Strait of Hormuz disruption.
• Dahej uses domestic sulphur; Roha faced end-year supply constraints.
• Speciality chemicals expanding outside Europe; growth in LATAM and Asia.
• Boron segment uneven; ore disruption in H1, restored in H2.
• Capacities: Dahej 18,000 MTPM; Roha 10,000 MTPM.
• Product mix: commodity 69%, speciality 31%.

Global footprint & capacity

• Export presence across 25 countries supporting diversified revenue.
• Capacity mix aligned to evolving markets; Roha and Dahej serve downstream platforms.
• 500+ employees supported by integrated energy and process tech.

Capital structure & liquidity

• Long-term borrowings ₹3,687.36 lakh; short-term ₹4,962.17 lakh.
• Total debt exposure ₹9,679.02 lakh; Debt-Equity 0.44x.
• Current ratio 1.37x; working capital higher due to price volatility.
• No major capex obligations; asset base positioned to scale.

Dividends & capital allocation

• Final dividend ₹2.50 per equity share for FY2025-26.
• Record date 21 Aug 2026; AGM 11 Sep 2026.
• Dividend payable within 30 days after AGM approval.
• Dividend Distribution Policy disclosed on company website.

Governance & board changes

• Board of eight directors; Patwardhan resigned Oct 17, 2025.
• Saloni Jhaveri appointed as Independent Director from Jan 10, 2026.
• Audit Committee: 4 members, 3 independent.
• Independent Directors meeting held on May 2, 2025.

Sustainability & ESG

• Solar energy project commissioned at Roha; renewables supply substantial energy.
• Both plants have Responsible Care certification.
• Zero Liquid Discharge (ZLD) targets planned.

Outlook & risks

• Outlook shaped by sulfur price trajectory and Middle East stability.
• Reopening Strait of Hormuz not expected to yield immediate relief.
• No order cancellations; focus on operational stability and working capital.
• Diversified portfolio and geographic footprint position growth recovery.

AGM details

• 105th AGM scheduled Sep 11, 2026 at 11:30 IST via VC/OAVM.

Notice and access

• Notice of AGM and annual report for FY2025-26 dispatched to members.
• Notice and annual report available on the company website.
• Web link provided to access the AGM notice.

Financial highlights

• Revenue from Operations: 25301 in Q1FY27.
• Total Income: 253.31 in Q1FY27.
• Total Operating Expense: 21888 in Q1FY27.
• EBITDA (Including OI): 3443; EBITDA margin 13.59%.
• Profit Before Taxes: 27.21; Profit After Taxes: 20.40.
• Inventory gains boosted quarterly profitability; gains may reverse as prices moderate.
• Working capital stretched; receivables and inventory balances grew materially; funded by short-term borrowings.
• Boron segment: demand, pricing and supply improved; quarterly targets met.
• Specialty chemicals exports offset weak Europe; Latin America, China, Japan driving diversification.
• Dahej and Roha facilities operated without interruption; cost increases fully passed through.
• Outlook: results not indicative of future; expect more sustainable performance after environment stabilises.

Operational and market developments

• Geographic diversification progress continues.