Meghmani Organics Ltd

Meghmani Organics Limited trading window closed from October 1, 2026 until 48 hours after the declaration of Unaudited Financial Results for Q2 and H1 FY 2026-27 (quarter ended September 30, 2026); trading window to reopen thereafter.

Meeting Details

• Date and time: Monday, 28 September 2026, 4:00–5:00 PM IST.
• Mode: Virtual group investor conference.
• Event organizer: Arihant Capital - Bharat Connect, Rising Stars-September 2026.
• Company participation: Management to participate.

AGM Details

• Date and time: 8 Sep 2026 at 11:00 a.m. IST; VC/OAVM mode.
• AGM concluded at 12:11 p.m. IST.

Key Resolutions & Outcomes

• Item 1: Adopt Audited Financial Statements for FY2025-26; ordinary resolution passed.
• Item 2: Re-appoint Ankit Patel as Director by rotation; ordinary resolution passed.
• Item 3: Re-appoint Kaushal Soparkar as Director by rotation; ordinary resolution passed.
• Item 4: Ratify remuneration of Cost Auditors for FY2026-27; ordinary resolution passed.

Director Changes

• Ankit Patel re-appointed as Director by rotation.
• Kaushal Soparkar re-appointed as Director by rotation.

Auditor Matters

• Cost Auditors remuneration ratified for FY2026-27; M/s Kiran J. Mehta & Co.

Overview

• Standalone BRSR for FY2025-26; Meghmani operates in agrochemicals and pigments.
• Turnover: Agrochemicals 77.87%, Pigments 22.13%.
• Assurance: Limited third-party assurance on sustainability report.

Key ESG Risks & Opportunities

• Emissions & climate change risk; mitigated by renewables and energy efficiency.
• Water stress risk; addressed via wastewater minimization and reuse.
• Energy cost and grid reliability risk; mitigated by renewables and efficiency.
• Occupational health and safety risk; mitigated via ISO 45001 and safety programs.
• Anti-bribery, governance risk; mitigated by ABAC policy and ISO 37001.
• Product stewardship and sustainable procurement create growth opportunities.
• Supply chain resilience via supplier ESG assessments and contract ESG clauses.
• EcoVadis Silver rating signals governance improvements and ESG credibility.

Governance & Policy Highlights

• Board oversees BRSR; ESG Committee reviews performance and targets.
• Policies include ABAC (ISO 37001), POSH, Conflict of Interest, whistleblower system.
• Assurance: Limited third-party; EcoVadis Silver achieved.
• No material penalties or non-compliances reported in FY2025-26.

Social Responsibility & Workforce

• Total workforce: 1,330 employees and 1,672 workers.
• Board female representation: 1 of 10 directors (10%).
• LTIFR: employees 0.25; fatalities: none; 1 total recordable injury.
• 100% onsite vendors and contractors trained on ESG and safety.
• POSH complaints: zero in FY2025-26; robust grievance mechanisms.

Environmental Performance

• Renewable energy share: ~41.8% of total electricity consumption.
• Scope 1 emissions: 185,863 tCO2e; Scope 2: 39,698 tCO2e; total 225,561 tCO2e.
• Emissions intensity: 0.0000108 tCO2e per turnover; 4.47 tCO2e per tonne produced.
• Total waste ~71,900 MT; significant recycling/recovery and some incineration/landfill.
• EcoVadis Silver rating; 42% renewable energy usage; multiple ISO certifications.

Stakeholder Engagement & Complaints

• Key stakeholder groups identified: shareholders, investors, customers, suppliers, employees, government, communities, NGOs.
• Engagement channels: AGM, emails, webinars, site visits; frequency monthly/quarterly/annually.
• Shareholders filed 3 complaints; none pending resolution.
• Communities/NGOs engagements and CSR platform support ongoing.

Other Notable Metrics

• ESG integration: 100% value chain partners assessed for environmental impacts.
• Cybersecurity: ISO 27001-aligned ISMS; no data breaches reported in FY2025-26.
• Public policy: active advocacy through CHEMEXIL, FIEO, ICC, and other associations.
• CSR reach: education and rural development projects benefitting hundreds of participants.
• Waste management: 100%Plastic/EPR alignment and progressive packaging circularity goals.

Financial performance

• Standalone revenue ₹2,091.8 crore; PAT ₹125.3 crore; EBITDA ₹228.7 crore.
• Consolidated revenue ₹2,174.0 crore; EBITDA ₹176.4 crore; PAT ₹28.7 crore.
• Standalone PAT more than doubled vs prior year: ₹125.3 crore from ₹66.4 crore.
• Cash from operations ₹257.5 crore; net debt ~₹710.2 crore; CRISIL rating A/Negative.

Segments and operations

• Crop Protection drives ~78% of standalone revenue; Pigments ~22%.
• Crop Protection capacity: 55,980 MTPA; Pigments capacity: 33,180 MTPA.
• Crop Protection production: 40,371 MT; Pigments 13,191 MT.
• Capacity utilisation: Crop Protection 72%; Pigments 40%.

Growth and strategic developments

• Wholly owned Brazil subsidiary established to grow international footprint.
• Approved Nano DAP, Nano NPK, Nano Zinc fertilizers for Crop Nutrition.
• Target revenue growth 10-15% in FY2027 with double-digit EBITDA margins.
• Debt reduced by ₹160 crore; debt-to-equity 0.47x; plan to further deleverage.
• Scheme of Amalgamation approved to merge Kilburn Chemicals and MCNL with Meghmani Organics.

Governance and risk

• Independent Directors reappointed for 2026-29; board 50% independent.
• Board met four times; Audit Committee convened four times.
• ISO 37001, ISO 27001 and ISO 20400 implemented; robust governance framework.
• CSR unspent₹237 lakh transferred to Unspent CSR; ongoing projects under Meghmani Foundation.

ESG and sustainability

• EcoVadis Silver Medal; score 79/100 achieved.
• Energy mix: 41.8% renewable energy; wind-solar hybrid project underway to boost share.
• Wastewater recycled: 69%; solvent recovery rates 9.83% (low BP) and 2.39% (high BP).
• CSR focus areas include education, healthcare, rural development and road safety.

R&D and innovation

• GLP-accredited R&D Centre; 35 scientists.
• 105 new product registrations in FY2025-26.
• R&D expenditure ₹6.96 crore; five process patents granted.

Manufacturing and capacity

• Seven manufacturing facilities; ISO 9001/14001/45001/50001 certified.
• Crop Protection capacity 55,980 MTPA; Pigments 33,180 MTPA.
• TiO2 entry via Dahej facility at 75 TPD capacity.

Dividend and capital allocation

• Dividend not declared for FY2025-26; policy disclosed.
• IEPF: ₹5.31 lakh unclaimed dividend transferred; 36,400 shares transferred.

Risks and outlook

• Key risks: commodity price volatility, currency fluctuations, supply chain, and regulatory changes.

Key dates and details

• Book Closure: Sep 2, 2026 to Sep 8, 2026 (inclusive) for AGM.
• Record Date: Sep 1, 2026 to determine e-voting entitlement.
• AGM Date: Sep 8, 2026 at 11:00 AM (VC/OAVM).
• Security: Equity Shares (BSE 543331 / NSE MOL).
• Purpose: For ascertaining names of shareholders entitled for e-voting.