Mehul Colours Ltd

Mehul Colours Limited – Trading Window closure from 1 October 2026; will reopen 48 hours after the declaration of financial results for the half year ended 30 September 2026

AGM details

• AGM held on 30 Sep 2026 via VC/OAVM, starting at 12:30 p.m.

Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026 (ordinary).
• Re-appoint Bhakti Mehul Joshi as Director, liable to retire by rotation.
• Appoint Tejas Harish Joshi as Director.

Voting results

• EVoting results to be disclosed within prescribed time limits.

Voting logistics

• Remote e-voting from 26 Sep 2026 to 29 Sep 2026; VC/OAVM participation.

AGM & E-voting

• AGM on 30 September 2026 at 12:30 PM via VC/OAVM.
• Cut-off date for voting entitlement fixed at 23 September 2026.
• Remote e-voting from 26 Sep 2026, 9:00 AM to 29 Sep 2026, 5:00 PM.
• Voting services provided by NSDL.

Book closure details

• Book closed for AGM from Sep 25 to Sep 30, 2026 (inclusive).
• AGM date: Sep 30, 2026 at 12:30 PM via VC/OVAM.
• Purpose: 31st AGM of the company.

Financial highlights

• Revenue from operations stood at INR 3,040.32 lakhs.
• Total income reached INR 3,181.16 lakhs.
• PAT was INR 522.29 lakhs.
• EPS (Basic & Diluted) was INR 5.49.
• EBITDA margin declined to 19.81%.
• Net profit margin stood at 17.18%.
• Revenue grew by 33.22% YoY.
• Net worth rose to INR 4,126.79 lakhs.

IPO & capital structure

• IPO raised INR 21.66 crores.
• 30,08,000 equity shares allotted at INR 72.
• Paid-up capital increased to INR 1,054.90 lakhs.
• Authorised capital stands at INR 11.0 crores.
• Listed on BSE SME on 6 Aug 2025.
• All shares dematerialised as at 31 March 2026.

Reserves & surplus

• Transferred INR 2,119.93 lakhs to reserves.
• Securities premium balance year-end INR 1,597.64 lakhs.
• Total reserves and surplus INR 3,071.89 lakhs.
• Opening reserves 951.96; closing 1,474.25.
• IPO premium added INR 1,864.96; utilised INR 267.32.

Dividends & CSR

• Dividend not declared for FY 2025-26.
• CSR spending INR 10.84 lakhs.
• CSR committee not formed; CSR functions by Board.
• CSR implemented via Well Wisher Education and Social Welfare Society.
• CSR policy and activities available on company website.

Governance

• Tejas Harish Joshi appointed Additional Director on 5 Sept 2026.
• Executive Director appointment proposed for AGM.
• 31st AGM scheduled 30 Sept 2026 via VC/OAVM.
• Board met six times; Audit Committee met four times.
• Statutory auditors: M/s YMS & Co LLP.
• Internal auditors: M/s NA Jain & Associates.
• Secretarial auditors: H. Roshan & Associates.
• Independent Directors declared independence.

Related party transactions

• RPTs with directors and relatives at arm's length.
• MD remuneration INR 33.80 lakhs; Rent INR 27.00.
• WTD remuneration INR 31.20; Rent INR 22.80.
• Relative of director rent INR 8.40.
• Another relative rent INR 4.20.
• KMP remuneration: CFO INR 3.98; CS INR 3.00.
• Audit Committee omnibus approval for RPTs on 19 May 2025.

Risks and outlook

• Raw material and currency price volatility risk.
• Competitive pressure from organised and unorganised sectors.
• Regulatory changes in plastics waste management.
• Make in India/PLI-driven capex supports growth.
• IPO listing strengthens liquidity and growth capital access.

Industry outlook

• Masterbatch industry remains constructive with rising polymer consumption.
• Shift toward value-added, specialty masterbatches.
• Sustainability mandates boost recycled-content demand.
• China Plus One and Make-in-India support new capacity in India.
• IPO listing strengthens governance and expansion prospects.

AGM Details

• AGM date/time/mode: 30 September 2026, 12:30 PM IST, via VC/OAVM.
• Record closure: 25–30 September 2026 (inclusive).

Key Resolutions

• Item 1: Ordinary to adopt Audited Financial Statements for year ended 31 March 2026.
• Item 2: Ordinary to re-appoint Mrs Bhakti Mehul Joshi retiring by rotation.
• Item 3: Ordinary to appoint Tejas Harish Joshi as Executive Director (appointed 5 Sep 2026).

Director Changes

• Mrs Bhakti Mehul Joshi to be re-appointed as Director, retiring by rotation.
• Tejas Harish Joshi appointed Executive Director; Additional Director since 5 Sep 2026.