Poddar Pigments Ltd

Poddar Pigments Limited – Trading Window closed from 1st October, 2026 till 48 hours after the declaration of unaudited financial results for quarter and half year ending 30th September, 2026

AGM details

• AGM held on 21 September 2026 via VC/OAVM; time not disclosed.
• Voting eligibility cut-off date: 14 September 2026.
• Remote e-voting window: 18–20 September 2026.

Key resolutions

• Resolution 1 (Ordinary): Adopt audited financial statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Declare final dividend of Rs 4 per equity share for FY2025-26.
• Resolution 3 (Ordinary): Re-appointment of Gaurav Goenka as Joint MD & CEO (retires by rotation).
• Resolution 4 (Ordinary): Ratify remuneration of Cost Auditors for FY2026-27.

Voting results

• Resolution 1: Passed; 100% in favour.
• Resolution 2: Passed; final dividend approved.
• Resolution 3: Passed; re-appointment approved.
• Resolution 4: Passed; cost auditor remuneration approved.

Dividend

• Final dividend of Rs 4 per equity share declared.

Governance updates

• Director changes: Gaurav Goenka re-appointed as Joint MD & CEO.
• Auditors: Cost Auditors remuneration ratified for FY2026-27.

Key AGM resolutions and proceedings

• AGM held on 21 September 2026 at 11:00 A.M. via VC/OAVM.
• Mode: VC/OAVM; meeting concluded at 12:05 P.M.
• Record date for voting: 14 September 2026.
• Agenda included adoption of Audited Financial Statements for year ended 31 March 2026.
• Dividend of Rs 4 per equity share final dividend for FY 2025-26.
• Re-appointment of Shri Gaurav Goenka as Director retiring by rotation.
• Remuneration of Cost Auditors for 2026-27 to be ratified.

Parties and effective date

• Poddar Pigments Limited and Sukano Polymers Corp., USA; effective 9 September 2026.

Purpose and scope

• Strategic partnership for direct sales and distribution of Poddar SPD pigments across US, Canada, Latin America.

Key terms

• Exclusive sales representation across US, Canada, and Latin America.
• Distribution including local stock; no share exchange involved.
• Commission-based compensation to Sukano; terms not disclosed.

Related party status

• Not a related party transaction; Sukano not promoter/group.

Impact and rationale

• Expands PODDAR's sales footprint in international markets; potential commission revenue.

Other disclosures

• No regulatory approvals or conflicts disclosed; no board/management changes cited.

AGM and annual report access

• AGM: 21 September 2026 at 11:00 IST, via VC/OAVM.
• FY2025-26 Annual Report available on company website; notice provides access.
• Exact path: Investor Relations, Financials, Annual Report, Year 2025-26.
• Letter issued to shareholders without registered emails with web-link to annual report details.
• Cut-off to register emails: 21 August 2026.
• Demat holders: update email with DP; physical holders: register via MUFG Intime link.

AGM Details

• Date and time: 21 September 2026 at 11:00 IST.
• Mode: VC/OAVM; no physical attendance.
• Record/Book closure: 15–21 September 2026 (inclusive).
• Cut-off for e-voting: 14 September 2026.
• Remote e-voting period: 18–20 September 2026.

Resolutions Put to Vote

• Adopt Audited Financial Statements for year ended 31 March 2026.
• Declare final dividend of Rs 4 per equity share for FY 2025-26.
• Re-appoint Shri Gaurav Goenka as director retiring by rotation.
• Ratify Cost Auditors' remuneration for 2026-27; Ordinary Resolution; Rs 60,000 plus taxes.

Voting Status / Outcome

• Voting results to be declared within two working days after the AGM.

Dividend Details

• Final dividend of Rs 4 per equity share for FY 2025-26.

Director Changes

• Gaurav Goenka to retire by rotation; eligible for re-appointment.
• Remuneration last drawn: Rs 1.85 crore in FY 2025-26.
• JMD & CEO term approved to Sep 2027.

Auditor Appointments

• Cost Auditors appointed: M/s K.G. Goyal & Associates; remuneration Rs 60,000 plus taxes.
• Appointed for cost audit of FY ending 31 March 2027.

Book closure and entitlements

• Record date fixed at 14 September 2026 for final dividend entitlement.
• Book closure from 15 September 2026 to 21 September 2026, both days inclusive.
• Equity shares; dividend payable if approved at the 35th AGM.
• Dividend to be credited/dispatched within 30 days of AGM, subject to TDS.
• Beneficial owner list through NSDL/CDSL and register-based entitlements govern eligibility.

Financials snapshot

• Net revenue from operations (FY25-26): 37,486.29 Lakhs.
• Export revenue rose to 8,092.93 Lakhs, up 25.71%.
• Profit after tax: 1,475.94 Lakhs; down from 2,281.80.
• EBITDA margin 8.15%; net margin 3.45%.
• Net worth up 3.58% to Rs 30,585 Lakhs; BVPS Rs 288.

Expansion & Capex

• Chaksu Plant capacity expanded by about 6,000 MT PA; capex Rs 849.82 Lakhs.
• Commissioned 3.51 MWp solar plant for captive consumption.
• Rooftop solar: 0.62 MWp at Chaksu and 0.41 MWp at Sitapura; capex Rs 1,464.37.
• R&D spend Rs 2,155 Lakhs; Rs 1,171 revenue and Rs 984 capex.
• Expansion aligned with long-term growth strategy; expected to improve performance.

Dividends & reserves

• Final dividend Rs 4 per share; payout Rs 424.40 Lakhs.
• Transfer to General Reserve Rs 1,061 Lakhs.
• CSR spend Rs 67.07 Lakhs; CSR obligation Rs 67.05 Lakhs; excess Rs 0.02.
• Dividend payout ratio approximately 28.75% of net profit.

Governance & board

• Independent Director Visvanathan Muthukumar appointed 27 Feb 2026; approved 11 Apr 2026 via postal ballot.
• M. Mahadevan ceased as Independent Director on 31 Mar 2026.
• Board size seven: 2 Executive, 4 Independent, 1 Non-Executive.
• Auditors: K.N. Gutgutia & Co.; Cost Auditors: K.G. Goyal & Associates; Secretarial: Pinchaa & Co.
• Audit report: no qualification.

ESG & CSR

• CO2 emissions reduced by 4,063 MT; renewable energy share 52%.
• ISO 9001:2015 certification for units.
• Two Star Export House; CRISIL ratings: Long-term A/Stable, Short-term A1.
• CSR policy publicly disclosed; CSR expenditure Rs 67.07 Lakhs; 0.02 excess set-off.
• Solar power initiatives support sustainability; 3.51 MWp plant and rooftop installations.

Outlook & risks

• Global tariffs, energy costs, geopolitical tensions; India growth remains supportive.
• China Plus One and Make in India stance underpin growth opportunities.
• FX volatility and supply-chain disruptions; mitigated by hedging and vendor diversification.
• Regulatory changes and ESG requirements demand ongoing regulatory investments.

Audit, controls & disclosures

• Internal financial controls deemed adequate; no material weaknesses.
• Secretarial audit confirms compliance with SS-1/SS-2; no qualifications.
• No fraud reported by auditors; IFRS/Ind AS alignment maintained.