Punjab Chemicals & Crop Protection Ltd

Meeting Details

• Date and time: Tuesday, 25 August 2026 at 3:00 PM
• Type: One-on-One
• Mode: Physical
• Interaction with: Swan Investments

Participants

• Company management representatives (roles not specified)

Purpose

• General investor interaction; discussions based on publicly available information

Additional Notes

• Schedule subject to change
• Information hosted on the company's website

Meeting Details

• Date and time: July 31, 2026 at 4:00 PM IST.
• Type and mode: post-results conference call (group, virtual).

Participants

• Key company participants: Managing Director, Chief Executive Officer, Chief Financial Officer.

Purpose

• Discuss Q1 FY27 results and performance.

Additional Notes

• Organizer: Antique Stock Broking Limited.

Meeting Details & Agenda

• Board meeting on July 31, 2026 to consider unaudited standalone/consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 till 48 hours after the results announcement.

AGM notice and AR access

• 50th AGM date/time: July 31, 2026 at 2:30 PM IST via VC/OAVM.
• Electronic copies of AGM notice and FY 2025-26 AR sent to registered e-mails.
• Record date for final dividend: July 17, 2026.
• e-Voting window: July 28–30, 2026, starting 9:00 AM IST.

Overview

• Standalone BRSR for FY2025-26 by PCCPL.
• Main activity: manufacturing performance chemicals; 100% turnover from this segment.
• Exports contribute 43% of turnover; served agrochemical, specialty chemical, and pharmaceutical customers.

Key ESG Risks & Opportunities

• Health and safety risk due to workplace incidents; mitigated via ISO 45001 OH&S and audits.
• Environmental risk from emissions and climate change; mitigated by energy efficiency and pollution controls.
• R&D and capex focus on environmental and safety gains; 19% and 40% allocations respectively.
• Governance improvements and customer satisfaction present positive opportunities; no explicit financial figures disclosed.
• CSR initiatives strengthen community relations and long-term value.

Governance & Policy Highlights

• Board-level Risk Management Committee oversees ESG and sustainability matters.
• MD/CEO periodically reports ESG progress to the Board.
• Anti-bribery policy and whistleblower mechanism in place.
• POSH, human rights, code of conduct, and related party policies govern governance.
• Certifications: ISO 9001, 14001, 45001, FSSC 22000, ISO 27001.
• External assurance: ISO audits conducted by DNV and Intertek.
• Policies publicly accessible on company website.

Social Responsibility & Workforce

• Total permanent employees: 427; total workers: 1,625; female representation 0.12% in workers.
• Health/accident insurance coverage for all employees and workers.
• Turnover FY25-26: permanent staff 8.98% men, 4.65% women; workers 1.65% men.
• Return-to-work after parental leave: female permanent employees 100%.
• Grievance redressal mechanism in place; no POSH complaints filed.
• Board female representation: 20% (2 of 10 directors); KMP training 100%; workers 80%.
• CSR turnover: 1025 crore; net worth: 443 crore.

Environmental Performance

• Total energy: 854,901 GJ; renewables 0; non-renewables dominated by electricity and other sources.
• Scope 1 emissions: 2,400 MT CO2e; Scope 2: 0 MT.
• Emission intensity: 0.00000023 tCO2e per rupee turnover; PPP-adjusted 0.00000476.
• Water withdrawal: 122,633 kL; groundwater predominant; water intensity 0.000012 per turnover.
• Zero Liquid Discharge (ZLD) implemented via MEE with condensate reuse.
• Total waste generated: 3,831 MT; plastics reused 282 MT; e-waste recycled 0.62 MT; hazardous waste disposed via incineration/landfill.

Stakeholder Engagement & Complaints

• Key stakeholder groups: local communities, suppliers, employees, investors, government authorities.
• Engagement channels include field meetings, emails, calls, and CSR programs; continuous frequency.
• Grievance mechanism in place; no unresolved complaints reported from communities or investors.

Other Notable Metrics

• Inputs: 16.6% from MSMEs; 54.36% sourced from within India; around 70% inputs sustainably sourced.
• Related party transactions: purchases 0%; sales 6.79%; loans 99%; investments 96%.
• Payables turnover: 102 days; concentration with top trading houses and dealers disclosed.
• Public policy: active in five trade associations; policy advocacy conducted transparently.
• Data privacy/cybersecurity: policy in place; no data breaches recorded.

Financial snapshot

• Consolidated revenue from operations: ₹1,030 crore; YoY +14%.
• EBITDA: ₹118 crore, margin 11.5%.
• PAT: ₹64 crore, PAT margin 6.2%.
• Earnings per share: ₹52.17 (basic and diluted).
• Final dividend recommended: ₹3 per share (30%); AGM approval required.
• Debt-to-equity: 0.32x; net worth ~₹424 crore; improved liquidity mix.
• Standalone vs Consolidated: consolidated net worth ₹424 crore; standalone ₹424 crore (approx.).
• Cash flow from operations: Standalone ₹9.89 crore; Consolidated ₹8.55 crore.
• Total dividend payout: ₹3.68 crore for FY2025-26.

Operations & geography

• Exports constitute about 43% of turnover; strong Europe and US demand.
• Geographic footprint: India, Europe, Japan, Israel, USA, Latin America, and others.
• Capacity utilization: Agro 78%, Performance 60%, Industrial 85%.
• R&D pipeline: ~25 products; 5 new products contributed 15–16% of revenue in FY26.
• Capex plan: ~₹100 crore for two multi-purpose blocks; debottleneck existing capacities.
• R&D focus: hydrogenation, mercaptan chemistry, flow synthesis; scale-up readiness.
• Manufacturing sites: Derabassi, Lalru (Punjab) and Pune (Maharashtra).
• Global client base includes UPL, Bayer, Corteva, Lupin, Zydus Cadila, etc.

Dividend & capital allocation

• Dividend policy targets a 30% payout; final dividend awaiting AGM approval.
• Record date for dividend: 17 July 2026.
• Dividend payment to be electronic; status subject to regulatory requirements.
• Board did not transfer profits to general reserve; profits retained in P&L.
• Total dividend for FY2025-26: ₹3.68 crore.

Governance & leadership

• Board of Directors: 10 members; 1 Executive MD, 4 Independent Directors, 5 Non-Executive Directors.
• CFO changes: Vikash Khanna resigned Sept 15, 2025; Devender Gupta appointed Dec 16, 2025.
• Independent Directors added: Kapil Kumar Mehan and Suresh Arora appointed Apr 30, 2025.
• Auditors: Statutory - M/s B S R & Co. LLP (2022–27); no qualifications.
• Secretarial: M/s P.S. Dua & Associates; Secretarial Audit: no qualifications.
• Five Board meetings conducted in FY25-26; committees active (Audit, NRC, CSR, Risk).
• Vigil mechanism / Whistle Blower Policy in place; D&O insurance for directors.

R&D & manufacturing expansion

• Capex ~₹100 crore for two multi-purpose manufacturing blocks; debottleneck current lines.
• R&D spend to double over next two years; pipeline ~25 products.
• R&D facilities strengthened at Derabassi and Lalru; new advanced chemistry capabilities added.
• Manufacturing footprint: Derabassi, Lalru (Punjab) and Pune; ZLD plants; renewable energy usage.
• New product registrations and process innovations; increased backward integration.

QEHS & sustainability

• Zero Liquid Discharge at Derabassi and Lalru; water recycling and biomass use.
• Energy investments: ₹4.58 crore; heat recovery, energy-efficient motors, and LED upgrades.
• GHG: Scope 1 2,400 MT CO2e; Scope 2 0; emission intensity 0.00000023 tCO2e per ₹ turnover.
• Water use: 122,633 m3; water intensity 0.000012 per ₹ turnover.
• Certifications: ISO 9001, ISO 14001, ISO 45001, ISO/IEC 27001.

CSR & community impact

• CSR spend: ₹1.41 crore; Education 60.28%, Health 16.31%, Rural development 19.86%, Art & Culture 3.55%.
• Programs: Shiksha (Education); Gramin Vikas (Rural); Aarogya (Healthcare); Paryavaran (Environment).
• Impact areas include education access, preventive healthcare and rural infrastructure development.

Subsidiaries & group

• SD Agchem (Europe) NV: 100% owned; investment ≈€1.6 million; equity reduced by €11.76 million.
• Other holdings: Nimbua Green Field (Punjab) Ltd; Mohali Green Environment Pvt Ltd; SVC Cooperative Bank.
• No material subsidiary other than SD Agchem Europe; AOC-1 and related disclosures filed.

Outlook & risks

• Global crop protection market expected to reach USD 109.67B in 2026; USD 137.49B by 2031.
• APAC region fastest-growing; India agrochemicals market projected to USD 9.59B in 2026.
• Risks: commodity price volatility, exchange rate dynamics, regulatory changes, and geopolitical shifts.
• Company focus: CRAMS leadership, product diversification, supply chain resilience, and export-led growth.

Record Date and AGM Details

• Record date for dividend eligibility: 17 July 2026 (equity shares).
• 50th AGM on 31 July 2026; remote e-voting from 28 to 30 July 2026.

Dematerialisation status

• The securities in the certificate have been listed on the stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled, with the depository named as registered owner.
• This certificate pertains to dematerialisation actions under Regulation 74(5).

Punjab Chemicals and Crop Protection Limited: Trading window closed from 1 July 2026 until the expiry of 48 hours after declaration of un-audited (Standalone and Consolidated) Financial Results for the quarter ended 30 June 2026.