Multibase India Ltd

Dematerialisation processing status

• Dematerialisation requests received during the period were confirmed to the depositories by the RTA (accepted/rejected).
• Securities dematerialised have been listed on the stock exchanges where the existing securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; the depository's name was substituted as registered owner within timelines.

Multibase India Limited: Trading window closed from Oct 01, 2026 until 48 hours after the declaration of Un-Audited Financial Results of the quarter and half-year ended September 30, 2026.

AGM Details

• 35th AGM held on 24 September 2026 at 12:30 PM IST via VC/OVAM.

Key Resolutions & Results

• Resolution 1: Adopt audited financial statements and reports; ordinary; passed with 99.99% assent.
• Resolution 2: Appoint director by rotation; ordinary; re-appointment; passed with 99.99% assent.
• Resolution 3: Ratify remuneration of Cost Auditors for FY ending 31 March 2027; ordinary; passed with 99.99% assent.
• Resolution 4: Approve material related party transactions with Parent Multibase S.A. for FY 2027-28; passed 99.50% assent.

AGM Details

• Date and time: 24 September 2026, 12:30 IST.
• Mode: VC/OAVM; concluded at 13:10 IST.
• Remote e-voting: 21 Sep 2026, 9:00 AM to 23 Sep 2026, 5:00 PM.
• On-site e-voting allowed up to 15 minutes after conclusion.

Resolutions (Ordinary)

• Adoption of Audited Financial Statements for FY ending 31 March 2026.
• Re-appointment of Mohd Sopin Peerzade by rotation.
• Ratification of remuneration of Cost Auditors for FY 2027.
• Approval of material related party transactions with Multibase S.A. for FY 2027-28.

Voting Results

• Voting results will be communicated to stock exchanges within two working days.
• Outcome of resolutions not disclosed in this document.

Director Changes

• Director Mohd Sopin Peerzade retires by rotation and is eligible for re-appointment.

Auditors & Related Parties

• Cost Auditor remuneration for FY 2027 ratified.
• Material RPT with Multibase S.A. approved for FY 2027-28.

Financial highlights

• Revenue from operations: ₹6,657.04 L in FY25-26, down 5.91% YoY.
• PAT: ₹1,042.75 L in FY25-26, down from ₹1,465.49 L.
• Gross margin: 35.80% in FY25-26 vs 37.90% prior year.
• Net profit margin: 15.66% in FY25-26 vs 20.66% prior year.
• EPS: ₹8.26 for FY25-26 (basic and diluted).
• Dividend declared for FY25-26: none.
• Total equity: ₹88.92 Cr; Equity share capital: ₹12.62 Cr.
• Cash and cash equivalents: ₹62.12 Cr.

Operations and geography

• Manufacturing revenue ₹5,303.96 L; Traded ₹1,353.08 L; total ₹6,657.04 L.
• India revenue ₹6,445.00 L; Outside India ₹212.04 L.
• Top three customers contributed ₹2,467.52 L, ₹1,793.99 L, ₹1,218.96 L.
• Operations centered in India across Automotive, Consumer & Industrial, and Thermoplastic Additives.

Capital structure & liquidity

• Equity capital ₹12.62 Cr; Authorized capital ₹130 Cr; no change in share capital.
• No borrowings; total assets ₹103.35 Cr; total equity ₹88.92 Cr.
• Cash and cash equivalents ₹62.12 Cr; net cash from operations ₹12.58 Cr.
• Current liabilities ₹12.22 Cr; current assets ₹89.78 Cr.

Governance & risk management

• Board size six; Mohd Sopin Peerzade joined Aug 25, 2025; Jason Galinski left Mar 31, 2026.
• Independent Directors: three; Audit Committee chaired by Piyush S. Chhajed.
• Secretarial and internal controls robust; no material weaknesses reported.
• Remuneration policy and NRC oversight; no Employee Stock Option Scheme.

Related party transactions

• Material RPT with Multibase S.A. up to ₹30 Cr for FY27-28; previously approved for FY26-27.
• RPTs are arm's length and in ordinary course of business.
• FY25-26: Purchase of materials from Multibase S.A. ₹1304.29 L; Sales Nil.

CSR and ESG

• CSR expenditure ₹31.91 L; 2% of average net profit ₹31.90 L.
• CSR projects: Project Prayas and Unnati; NGO contributions ₹31.91 L.
• CSR policy available on company website.

Audit, compliance & risk flags

• Statutory auditors M S K A & Associates LLP; no qualifications in FY2025-26.
• Secretarial auditors Dhrumil M. Shah & Co. LLP; no qualifications.
• Internal audit by Mukund & Rohit; controls adequate and operating effectively.

Outlook & risks

• Risks include dependence on imported raw materials and forex fluctuations.
• Raw material cost volatility and competitive dynamics could impact margins.
• Electronics and automotive demand locally support long-term growth.

Financial results and approval

• Unaudited Q1 June 30, 2026 results approved by the board.
• Revenue ₹2,095.95 lakhs; net profit ₹335.78 lakhs; EPS ₹2.66.
• Single reportable segment: manufacture and sale of Thermoplastic Elastomers and silicon-based products.
• Limited Review Report by MSKA & Associates LLP; no material misstatement observed.
• Board approved results following Audit Committee recommendation.

Regulatory and disclosures

• Unaudited results reviewed under SEBI LODR Regulation 33; Limited Review conducted.
• Interim financials prepared in accordance with Ind AS 34.

Resolution

• Ordinary resolution to appoint Mr. Vimal Mishra as Non-Executive and Non-Independent Director.

Voting outcome

• Total votes polled: 9,584,090; in favour: 9,571,113; against: 12,977; 99.86% in favour.

Governance impact

• Appointment increases board composition; Director is Non-Executive and Non-Independent.

Related parties / promoter voting

• Promoter group not interested; no related-party abstentions disclosed.