Hindustan Organic Chemicals Ltd

Key AGM outcomes

• 65th AGM held 25 September 2026 via VC/OAVM; Scrutinizer report submitted to BSE 28 Sept 2026.
• Audited standalone and consolidated financial statements for year ended 31 March 2026, plus directors' report and CAG report.
• Shri Manoj Sethi re-appointed as Director by rotation.
• Shri Sangram Kumar Mishra appointed Chairman and Managing Director.
• Smt. Sarita Gena appointed Non-Official Part-time Independent Director.
• Remuneration of Cost Auditor for 2026-27 ratified.
• Overall voting indicates near-unanimous support; promoter group fully voted in favour; public non-institution largely in favour.

Board meeting

• Board meeting date to consider the financial results will be intimated separately.

Price movement clarification

• Reports profit in Q4 FY25-26 and Q1 FY26-27, first such run since FY2020-21.
• No other material information currently available that could impact scrip price movement.
• Submitted to BSE; signed by Company Secretary Subramonian H; dated 28 Sep 2026.

AGM Details

• Date and time: 25 September 2026, 03:30 PM IST.
• Mode: VC/OAVM.
• Quorum: 49 members attended; chairman: Shri Sangram Kumar Mishra.
• Venue: VC/OAVM as per MCA/SEBI guidelines.
• Remote e-voting 22-24 Sep 2026; AGM e-voting at meeting.

Key Resolutions

• Adoption of audited standalone and consolidated financial statements, director’s report, and CAG report. Voting results not disclosed.
• Re-appointment of Shri Manoj Sethi by rotation. Voting results not disclosed.
• Board to fix remuneration to Statutory Auditors for FY 2026-27. Voting results not disclosed.
• Appointment of Shri Sangram Kumar Mishra as Chairman and Managing Director. Voting results not disclosed.
• Appointment of Smt. Sarita Gena as Non-Official Part-time Independent Director. Voting results not disclosed.
• Cost Auditor remuneration: appointment and remuneration for FY 2026-27. Voting results not disclosed.

Director Changes

• Shri Sangram Kumar Mishra appointed as Chairman and Managing Director.
• Smt. Sarita Gena appointed Non-Official Part-time Independent Director.
• Shri Manoj Sethi to be re-appointed by rotation.

Auditor Appointments

• Statutory Auditors' remuneration to be fixed by Board for FY 2026-27.
• Cost Auditor remuneration approved/ratified for FY 2026-27.

AGM Details

• 65th AGM scheduled for 25 September 2026 at 03:30 p.m. IST via VC/OAVM.

Financial performance

• Revenue from operations rose to 57,376.13 lakh from 53,586.76.
• Total income rose to 59,302.75 lakh from 55,861.87.
• Profit before tax: -1,386.16 lakh after 681.64 lakh exceptional items.
• Profit after tax: -1,289.38 lakh.
• Total comprehensive income: -811.83 lakh; OCI added 477.55.
• Dividend: No dividend declared for FY2025-26.
• EPS (Basic): -1.92; standalone.
• Net worth: 12,017.54 lakh as at 31.03.2026.

Operations & production

• Kochi unit capacity utilization: Phenol 99%, Hydrogen Peroxide 98%.
• Phenol production: 39,645 MT; Acetone: 24,724 MT; Hydrogen Peroxide: 10,195 MT.
• Cumene plant modernization planned to improve efficiency.
• IMS ISO 9001, ISO 14001, ISO 45001; ISO 50001 energy management.
• Products BIS-certified; Integrated Management System in place.

Capital structure & liquidity

• Cash and bank balances (Standalone) 23,401.77 lakh as at 31.03.2026.
• Net worth 12,017.54 lakh; total assets 154,498.49 lakh.
• Debt/Equity ratio standalone 0.18; consolidated 0.28.
• GOI waiver: loan and redeemable preference shares waived; treated as equity.
• 65th AGM via VC/OAVM on 25 Sep 2026.

Governance & controls

• Board comprises 6 directors; 2 Independent; 2 Govt Nominee; 2 Exec.
• Independent director vacancies caused SEBI LODR non-compliance in Apr–Jun 2025.
• Audit, Nomination & Remuneration, and Stakeholders Relationship Committees were non-functional Apr–Jun 2025.
• CAG comments flagged BSE fines of 116.74 lakh; waiver applications filed; liability not provisioned.
• Statutory auditors: M/s Balan & Co; Secretarial: M/s S Basu & Associates.

Environment & safety

• Integrated Management System: ISO 9001, 14001, 45001; ISO 50001 energy.
• Safety: 1,044,191 safe man-hours; 6 million safe man-hours since last incident.
• Tree-planting and Swachh Bharat initiatives; online effluent & continuous stack monitoring.

Subsidiaries & restructuring

• Hindustan Fluorocarbons Ltd (HFL) delisted; HOCL holds ~68% stake.
• HFL closed; Rasayani unit closure; sale of assets and land in progress.
• HOCL acquired 2.275 million shares of HFL; fair value per share 17.92 as at 31.03.2026.

Outlook & risks

• Outlook: domestic chemical focus; modernization; capacity and productivity improvements.
• Risks: LPG supply disruption; raw material price volatility; working capital constraints; rising competition.