Shree Pushkar Chemicals & Fertilisers Ltd

AGM Details

• AGM held 28 September 2026 at 3:00 PM via Video Conferencing/AV Means.
• Record date 21 September 2026; meeting duration 3:00–3:28 PM; on-record shareholders 15,515.

Resolutions and outcomes

• Resolution 1: Adoption of standalone financial statements; passed 100% assent.
• Resolution 2: Adoption of consolidated financial statements; passed 100% assent.
• Resolution 3: Final dividend of Rs 2.10 per share; passed 100%.
• Resolution 4: Re-appointment by rotation of Punit Gopikishan Makharia; passed 100%.
• Resolution 5: Appointment of auditors and remuneration; passed 100%.
• Resolution 6: Remuneration to Cost Auditor Bathija; passed 100%.
• Resolution 7: Appoint Mr. Raghand Punit Makharia as Non-Executive Non-Independent Director; promoter abstained.

Dividend

• Final dividend of Rs 2.10 per share approved.

Director and Auditor changes

• Resolution 4: Retirement by rotation re-appointed.
• Resolution 7: Appointment of Non-Executive Non-Independent Director.

Auditors and remuneration

• Resolution 5: Appointment of Auditors and remuneration fixed.
• Resolution 6: Cost Auditor Bathija remuneration approved.

AGM Details

• 33rd AGM held 28 Sep 2026 at 3:00 PM via VC/OAVM; concluded 3:28 PM.

Key Resolutions

• Receive, consider and adopt standalone financial statements for year ended 31 March 2026.
• Receive, consider and adopt audited consolidated financial statements for year ended 31 March 2026.
• Declare final dividend of Rs 2.10 per share (21%).
• Re-appoint Punit Gopikishan Makharia, retiring director.
• To appoint auditors and fix their remuneration.
• Remuneration to Cost Auditor approved for FY 2026-27.
• Appoint Raghav Punit Makharia as Non-Executive Non-Independent Director.

Voting Status

• Voting results pending; to be announced within 2 working days.

Shree Pushkar Chemicals & Fertilisers Ltd — Trading Window Closure from 1st October 2026 till 48 hours after the declaration of Unaudited Financial Results for the second quarter and half year ending 30th September, 2026

Key Update

• Commercial production commenced at Unit-5 (Dyes Segment) in Ratnagiri, Maharashtra.
• Dyes capacity increased by 6,000 MTPA.

Financial Performance

• Q1 FY27 revenue from operations Rs 281.1 crores; up 10% YoY; 28.4% sequential
• Fertilizer volume 66,527 MT; Chemical volume 9,113 MT
• Fertilizer sales Rs 142 crores; Chemical sales Rs 138 crores; 51%/49% split
• Gross profit Rs 89.2 crores; margin 31.9%
• EBITDA Rs 31 crores; margin 11.4%
• PAT Rs 22.9 crores; PAT margin 8.2%
• Capex in Q1 FY27 ~ Rs 20 crores; cumulative capex Rs 209 crores as of 30 Jun 2026; total planned Rs 512 crores
• Land acquisition Adjacent to Unit 1: Rs 9.3 crores for 30,000 sqm at Lote Parshuram
• Liquidity: Rs 125 crores in non‑lien deposits as on 30 Jun 2026
• Renewables: 10 MW DC solar project at Nanded nearing completion; total solar capacity 20.6 MW DC
• Disciplined cost management supports profitability in Q1

Projects & Expansion

• Ratnagiri Units 5 & 6 at advanced completion; Meghnagar expansion progressing
• Capacity additions: 4,50,000 MT fertilizer; 72,000 MT chemical per annum
• Madhya Pradesh plant: capacity double Unit 6; 800 TPD chemical plant for backward integration
• Unit 5 dyes expansion completed; Unit 6 almost complete; capitalization not yet announced
• Unit 6 trials expected by end-August/September 2026; Unit 5 near commissioning
• Internal land near Unit 1 (30,000 sq m) for future expansion; Rs 9.3 crores invested

Guidance & Outlook

• FY27 turnover target around Rs 1,250 crores with PAT near 9%
• Turnover could reach Rs 1,300–1,400 crores; PAT guidance 8.5–9%
• Unit 6 expected to start contributing from the second fertilizer season
• Peak revenue potential around Rs 1,700–1,750 crores next year with full-year Unit 6
• Financing for expansions through internal accruals and preferential issue

Q&A Highlights

• Unit 6 restart timeline: trials by Aug/Sep 2026; 5 & 6 near commissioning
• Peak revenue potential: ~Rs 1,700–1,750 crores after full Unit 6 year; current 1,250 visibility
• Raw-material dynamics: sulfur prices have reset; unlikely to revert to prior levels
• ACID and DAP discussion: inventory held to capture favorable pricing; acid plants run on low load due to working capital
• Dyes utilization: volumes improving gradually; focus remains on value realization

Solar capacity update

• Commencement of 10.00 MW DC solar plant at Shirur, Umri Solar Park, Nanded, Maharashtra.
• Open Access approval obtained from MSEDCL for self-captive consumption at Units 1,2,3 and 5.
• Consolidated solar capacity now 20.6 MW DC.

Meeting Details

• Date: 13 August 2026.
• Event: Investor conference call for Q1 FY2027.
• Mode: Audio conference call; virtual group session.

Purpose

• Purpose: Earnings discussion for Q1 FY2027.
• Quarter ended 30 June 2026 referenced.

Participants

• Key participant: Company Secretary & Compliance Officer.

Additional Notes

• Recording: Audio recording available on company website.