Parker Agrochem Exports Ltd

Parker Agrochem Exports Ltd: Trading window closed from 1 October 2026 until 48 hours after the declaration of financial results for the quarter ended 30 September 2026

AGM Details

• Held on 30 September 2026 at 12:30 PM via Video Conferencing and OAVM.
• Remote e-voting available 27-29 September 2026; results announced by 2 October 2026.

Key Resolutions

• Ordinary: Adopt Audited Financial Statements for 2025-26.
• Ordinary: Appointment of Natvarlal Acharya as Director, retiring by rotation.
• Special: Approve related party transaction with Parker Agrochem Exports Limited.

Voting Results

• Ordinary: Adopt Audited Financial Statements for 2025-26 — Passed.
• Ordinary: Appointment of Natvarlal Acharya — Passed.
• Special: Related Party Transaction — Passed.

Director Changes

• Natvarlal Acharya appointed as Director, retiring by rotation.

AGM Details

• Meeting conducted via VC/OAVM.

Key Resolutions

• Adopt audited financial statements, directors' report, and auditors' report.
• Re-appoint director retiring by rotation.
• Approve related party transaction with related party.

Voting Results

• All resolutions passed by shareholders.

Director Changes

• Director re-appointment approved.

Material Related Party Transaction

• RPT with related party approved.

Acquisition details

• Target Company: Parker Agro-chem Exports Limited.
• Disclosing Party: Mukesh Jagdishbhai Acharya (Promoter Group).
• Transaction Type: Acquisition of voting rights via open market.
• Pre-Transaction Holding: 2,49,855 shares (5.22%).
• Acquired 20,370 shares (0.43%) via open market between 21/08/2026 and 23/09/2026.
• Post-Transaction Holding: 2,70,225 shares (5.65%).
• Equity share capital before and after: 47,79,000 shares.
• Total diluted share capital after: 47,79,000 shares.
• Promoter shareholding after acquisition: 28,61,692 shares (59.88% voting rights).
• Date(s) of Transaction: 21/08/2026 to 23/09/2026.

Financial snapshot

• Revenue from operations Rs 531.83 lakh; turnover declined YoY.
• Total income Rs 536.90 lakh; PAT after tax Rs 86.12 lakh.
• EBITDA Rs 135.05 lakh; PBT Rs 108.39 lakh.
• EPS Rs 1.80; Net worth Rs 473.15 lakh.
• Current ratio 2.75; Debt-equity 0.02; net debt Rs 28.65 lakh.
• Dividend: none; year-end cash Rs 44.58 lakh; cash flow from operations Rs 78.16 lakh.

Business model & operations

• Primary business is renting storage tanks at Kandla port; 14 tanks.
• Tank complex connects to port via pipelines; rental income is major revenue.
• Also trades in commodities, including gold and silver; no 2025-26 trading in commodities.
• Operations are confined to India; assets and operations domestically.

Segment performance

• Segment revenue: Trading in commodities 0; Tank Farm rental Rs 531.83 lakh; Other income Rs 5.07.
• Segment PBT: Trading 0; Rental 103.32; Unallocated 5.07; Total PBT 108.39.
• No subsidiary or JV/associate companies.

Related party transactions

• Parker Agrochem Products Pvt. Ltd. storage tank hire; up to 23,243 MT.
• Contract period 01/10/2026 to 30/09/2031; terminalling charges up to Rs 100/MT/month.
• Overall contract value up to Rs 6 crores p.a.; terms at arm's length.
• Related approvals to be obtained via ordinary resolution; certain directors have related interests.

Governance & controls

• Auditors: Shah & Shah Associates; Secretarial Auditor: Manoj Hurkat & Associates.
• Board met four times in the year; independence declarations on file.
• Internal financial controls are adequate; no material weaknesses reported.
• CSR not applicable; corporate governance provisions not mandatorily applicable at threshold.

Capital structure & liquidity

• Equity shares: 47.79 lakh; promoter Jagdish R. Acharya holds 54.23%.
• Long-term borrowings reduced; short-term borrowings Rs 28.65 lakh; total borrowings Rs 28.85 lakh.
• Net cash position improved; cash & cash equivalents Rs 44.58 lakh.

Outlook & risks

• Non-trading in commodities reduced turnover; profitability improved from rentals.
• Volatility in commodity prices; risk management via hedging and long-term contracts.
• Outlook: continue tank rental; potential capex to upgrade tanks; expansion possible with demand.

Book closure and AGM details

• Book closure: 23-09-2026 to 30-09-2026 (inclusive) for AGM.
• AGM date: 30 September 2026 at 12:30 PM via VC/OAVM.
• Cut-off for e-voting eligibility: 23 September 2026.
• Purpose: Book closure for the 33rd AGM.
• Security type: Equity shares.

AGM Details

• 33rd AGM scheduled for late September 2026 at 12:30 PM via VC/OAVM.
• Register of Members and Share Transfer Books closed during the AGM week.

Key Resolutions

• Adoption of audited financial statements for the year; approval of Directors' Report and Auditors' Report.
• Re-appointment of director by rotation.
• Approval of related party transactions for storage tank rental; five-year term; arms-length; value not disclosed.

Related Party Transactions

• RPT with related party: storage tank rental; term five years; contract value not disclosed; arm's-length.

Governance & Authorization

• Authority to directors to give effect to above resolutions.

Key details

• Target Company: Parker Agrochem Exports Limited.
• Disclosing Party: Mukesh Jagdishbhai Acharya, promoter group.
• Transaction Type: Acquisition of voting rights.
• Pre-Transaction Holding: 2,20,000 shares (4.60%).
• Transaction Details: 29,855 shares acquired open market (0.62%).
• Post-Transaction Holding: 2,49,855 shares (5.22%).
• Date(s) of Transaction: 18/08/2026 to 20/08/2026.
• Share Capital Context: Before/After 47,79,000 equity shares; diluted 47,79,000.

Financials

• Total Income for quarter: 166.85 lakh (166.10 ops + 0.75 other income).
• Net profit for the quarter: 26.18 lakh; EPS: ₹0.55.
• Profit before tax: 34.98 lakh; Total expenses: 131.87 lakh.
• Tax: current 8.34, deferred 0.46; total tax 8.80 lakh.
• Rental income from Tank: 166.10 lakh; unallocated 0.75.
• Total capital employed: 499.33 lakh in Tank rental segment.
• Auditors issued unmodified opinion on standalone results.

Segment details

• Reportable segments: Tank farm rental/storage; palm oil trading; derivatives trading.

Dematerialisation status and listing

• Dematerialisation certificates processed during the period were mutilated and cancelled after verification.
• The depository's name was substituted as the registered owner for those dematerialised shares.
• The dematerialised securities have been listed on the relevant stock exchange.