Shiv Texchem Ltd

AGM Details

• AGM held on 28 September 2026 via Zoom (virtual meeting).
• Remote e-voting window: 23-27 September 2026; cut-off date: 21 September 2026.
• Votes unblocked around 6:36 PM IST on 28 September 2026.

Resolutions

• Resolution 1 (Ordinary): Adopt audited financial statements for FY2025-26.
• Resolution 2 (Ordinary): Re-appointment of Hemanshu Chokhani as Whole-time Director.
• Resolution 3 (Ordinary): Regularization of Shruti Vyas as Independent Director.
• Resolution 4 (Ordinary): Continuation of Shyamsunder Chokhani as Whole-time Director beyond age 70.

Voting Results

• Resolution 1 passed: 100% in favour (1,80,99,872 votes).
• Resolution 2 passed: 100% in favour (1,16,99,872 votes).
• Resolution 3 passed: 100% in favour (1,80,99,872 votes).
• Resolution 4 passed: 100% in favour (1,16,99,872 votes).

Dividend

• No dividend proposed.

Director Changes

• Hemanshu Chokhani reappointed as Whole-time Director.
• Shruti Vyas regularized as Independent Director.
• Shyamsunder Chokhani continuation as Whole-time Director beyond age 70.

Shruti Vyas – NED regularisation

• Regularisation of Shruti Vyas as Non-Executive Independent Director for one-year term (May 27, 2026–May 26, 2027).
• First appointment on May 27, 2026; regularised at AGM.
• Not related to other directors.
• Profile: Chartered Accountant; CEO of Prime Vision Professional Education; partner at Vyas & Associates.

Shyamsunder Chokhani – WTD continuation

• Continuation as Whole-Time Director beyond age 70 until Sep 28, 2026.
• Reason: continuation beyond 70 approved under Companies Act 2013 and LODR.
• Term: from turning 70 until Sep 28, 2026.
• Profile: IIT Bombay ME (1973); 19 years with Shiv Texchem; handles logistics.
• Relation: Hemanshu Shyamsundar Chokhani (CFO) is son.
• Relation: Neha Hemanshu Chokhani is daughter-in-law.

AGM Details

• Date/time: 28 September 2026, 04:00 PM IST.
• Mode: VC/OAVM; deemed venue: registered office, Mumbai.
• e-voting period: 23-27 September 2026.
• Scrutinizer: Vipin Tiwari & Co.

Resolutions Proposed

• Ordinary: Adopt Audited Financial Statements for FY 2025-26.
• Ordinary: Re-appointment of Hemanshu Chokhani as Whole-time Director.
• Ordinary: Regularization of Shruti Vyas as Independent Director (Additional).
• Special: Continuation of Shyamsunder Chokhani as Whole-time Director beyond age 70.

Voting Status

• E-voting results to be declared within 2 working days.
• Results to be intimated to stock exchanges separately.

Director Changes

• Hemanshu Chokhani re-appointed as Whole-time Director.
• Shruti Vyas regularized as Independent Director (Additional).
• Shyamsunder Chokhani to continue as Whole-time Director beyond age 70.

Shiv Texchem Limited trading window closed from October 01, 2026 till 48 hours after the declaration of unaudited financial results for the half year ended September 30, 2026.

Financial performance

• Revenue from operations: Rs 277,606.86 Lakhs.
• Total income: Rs 278,208.82 Lakhs.
• Profit before tax: Rs 10,684.48 Lakhs.
• Profit after tax: Rs 7,782.09 Lakhs.
• Net profit rose 61.82% YoY.
• Revenue up 79.25% YoY.
• Earnings per share: Rs 49.61.
• Net worth: Rs 41,066.38 Lakhs.

Capital structure & liquidity

• Authorized share capital: Rs 25 crore; issued share capital: Rs 231.72 crore.
• Long-term borrowings: Rs 25,152.28 Lakhs; short-term borrowings: Rs 44,900.44 Lakhs.
• Current ratio: 1.80; debt-equity: 1.71.
• Cash and cash equivalents: Rs 17,460.67 Lakhs.
• Transfer to General Reserves: Rs 7,782.09 Lakhs.
• No dividend declared for FY 2025-26.

Business overview

• Imports and distribution of hydrocarbon-based chemicals.
• Listed on BSE SME Platform on 15 Oct 2024.
• Product lines include Acetyls, Alcohols, Aromatics, Nitriles, Monomers, Glycols, Ketones, Isocynates.
• Plans to broaden product basket and geographic reach; digital transformation.

Governance & risk management

• Independent Director Rajen Hemchand Gada resigned Feb 11, 2026.
• Shruti Vyas appointed Independent Director May 27, 2026.
• Rakesh Todkari appointed Company Secretary Mar 13, 2026.
• Board meetings held: six in FY2025-26; attendance noted.
• Risk management policy adopted; monitoring input costs and regulatory risk.
• OFAC sanctions: emphasis of matter; ongoing removal efforts.

Audit, controls & compliance

• Internal controls deemed adequate; internal audit by Nandkishore & Co.
• Secretarial audit by SARK & Associates; PIT software implemented; SDD compliance.
• OFAC-related bank restrictions disclosed; resolution ongoing.
• No material hidden liabilities; no loan defaults.

CSR & ESG

• CSR spend: Rs 85.50 Lakhs; average net profit for CSR: Rs 85.30 Lakhs.
• CSR activities include animal welfare, education and healthcare projects.
• CSR policy disclosed on the website; Schedule VII disclosures.

Outlook & risks

• Industry outlook positive; focus on sustainable inputs.
• Risks include raw material volatility, currency fluctuations, regulatory compliance.
• Company to diversify product portfolio and expand footprint.

AGM Details

• Date and time: 28 September 2026 at 04:00 PM IST.
• Mode: VC/OAVM; venue deemed at registered office.
• Record/cut-off for e-voting: 21 September 2026.

Key Resolutions

• Ordinary: Adoption of audited financial statements and reports.
• Ordinary: Re-appointment of Hemanshu Chokhani as Whole-time Director.
• Special: Regularization of Shruti Vyas as Independent Director.
• Special: Continuation of Shyamsunder Chokhani as Whole-time Director beyond age of seventy.

Voting/Outcome

• Voting results not disclosed in this filing.

Internal Auditor Resignation

• Resignation of M/s. Nandkishore & Co., Internal Auditor, received 22 August 2026.
• Reason: pre-occupancy and unable to devote time for internal audit.
• Term: not disclosed; no replacement details provided.

Internal Auditor Appointment

• Type of change: Appointment.
• Name and designation: M/s H L SAINI & Co. – Internal Auditor.
• Effective date: August 22, 2026; Term: FY 2026-27.
• Reason: Appointment.
• Brief profile: established 2013; audits, investigations, tax, corporate consultancy.
• Relationships with directors: NA.

Appointments/Resignations

• Proposed regularisation of Shruti Vyas as Independent Director (Non-Executive), subject to AGM member approval.
• Appointed H L SAINI & Co., Chartered Accountants, as Internal Auditors for FY 2026-27 on mutually agreed terms.

Dematerialisation/rematerialisation status

• No dematerialisation/rematerialisation requests were received during the quarter ended 30 June 2026.
• All shares are held in demat form; Regulation 74(5) not applicable.