Standard Surfactants Ltd

AGM Details

• Date/time: 30 September 2026, 2:30 PM to 2:55 PM.
• Mode: Physical meeting with remote e-voting facility.
• Venue: 68-A, Dada Nagar, Kanpur.
• Remote e-voting held from 27 to 29 September 2026.
• Quorum declared sufficient; meeting commenced.

Key Resolutions

• Resolution 1: Adopt audited financial statements for year ended 31 March 2026.
• Resolution 2: Re-appoint Ankur Garg by rotation.
• Resolution 3: Ratify remuneration of Cost Auditor.
• Resolution 4: Ratify continuing directorship of Rajinder Pal Singh (DIN 02135781).
• Resolution 5: Approve material related party transactions with a related party (name garbled in filing).
• Resolution 6: Approve material related party transactions with another related party (name garbled in filing).

Voting Status

• Consolidated voting results to be announced within two working days on company site and stock exchange.

Directors & Auditors

• Director changes: Ankur Garg by rotation; Rajinder Pal Singh directorship ratified.
• Cost Auditor remuneration ratified.

Related Party Transactions

• Approve material related party transactions with a related party (name garbled in filing).
• Approve material related party transactions with another related party (name garbled in filing).

AGM Details

• Date, time and venue: 30 September 2026, 2:30 PM, 68-A, Dada Nagar, Kanpur-208022.
• Book closure: 25 September 2026 to 30 September 2026 (inclusive).

Ordinary Business

• Adopt standalone financial statements for the year ended 31 March 2026.
• Appoint Ankur Garg by rotation; eligible for re-appointment.

Special Business

• Ratify remuneration of Rs 25,000 plus taxes to M/s Hammad Abbas & Co. for cost audit.
• Continue Rajinder Pal Singh as Non-Executive Independent Director beyond age 75.
• Approve material RPT with Icon Polymers; cap Rs 150 crore; arm's length.
• Approve material RPT with Icon Plastics; cap Rs 250 crore; arm's length.

Cost Auditor Details

• Remuneration Rs 25,000 plus taxes; cost audit for FY ending 31 March 2027.

Related Party Transactions

• Icon Polymers: maximum value Rs 150 crore; arm's length basis.
• Icon Plastics: maximum value Rs 250 crore; arm's length basis.

Director Changes

• Re-appointment of Ankur Garg as director.
• Continuation of Rajinder Pal Singh as Non-Executive Independent Director beyond age 75.

Voting Results

• Voting results not disclosed in this filing.

Financial snapshot

• Revenue from operations: 24,425.49 Lakh in FY2025-26.
• Total income: 24,705.14 Lakh; up from 17,094.20.
• Net profit after tax: 332.84 Lakh; prior year 153.35.
• EPS: 4.05 Rs per share.
• Profit before tax: 465.08 Lakh; tax 132.24; PAT 332.84.
• Total borrowings: 6,773.82 Lakh; net debt incl. lease: 6,530.28.
• Debt-to-equity ratio: 2.19x; gearing 66.68%.
• Reserves/retained earnings: 1,873.74 Lakh; total equity: 3,262.78 Lakh.
• Dividend: no dividend recommended.

Segment & geography

• Two segments: Chemical and Surface Active; Others.
• External segment revenue: Chemical 16,264.82; Others 8,160.67 Lakh.
• Geography: operations confined to India.
• Segment results before tax/finance: Chemical 807.47; Others 202.33.
• Net profit after tax: 332.85; overall contribution from segments.
• No single customer contributed 10%+ of revenue.

Capital structure & liquidity

• Share capital: 8,261,600 equity shares; paid-up Rs 826.16 Lakh.
• Total equity: Rs 3,262.78 Lakh; reserves Rs 2,440.12 Lakh.
• Total debt: Rs 67.74 Crore; non-current Rs 31.27 Cr; current Rs 36.47 Cr.
• Net debt incl. lease liabilities: Rs 65.30 Cr.
• Current ratio: 1.42x.
• Cash and cash equivalents: Rs 252.02 Lakh.
• Capital expenditure: Rs 434.68 Lakh.
• Post-year event: 8 lakh convertible warrants allotted to promoters (~Rs 1.16 Cr).

Governance & audit

• Board: 6 directors; 3 independent; Neelu Kambo joined 10.04.2025.
• Atul Garg resigned as Whole-time Director on 02.05.2026.
• Ankur Garg reappointed for five years; MD & WTD.
• 8 board meetings; 4 Audit Committee meetings; 2 NRC; 1 SRC; 7 Executive Committee.
• Statutory auditors: Mittal Gupta & Co; Secretarial: Sarvesh S. Srivastava.
• BSE fines for LODR non-compliance; Reg 17(1) & 19(1) Rs 45k each; late FS Rs 120k.
• Secretarial audit flagged temporary board composition gap Apr 1–9, 2026; corrective action taken.

Related party transactions

• Material RPTs with Icon Polymers and Icon Plastics; thresholds: up to Rs 150 Cr and Rs 250 Cr.
• RPTs approved by Audit Committee; arm's length; ordinary course of business.
• FY25-26: Icon Polymers purchases ~ Rs 18.88 Lakh; sales ~ Rs 393 Lakh.
• FY25-26: Icon Plastics purchases ~ Rs 5.17 Cr; sales ~ Rs 4.80 Cr.
• Promoters/relatives have interests; turnover impact: 60.73% of SSL turnover; 54.11% of related party turnover.
• Background: Icon Polymers and Icon Plastics relationships with Garg family.

Post-balance sheet events & risks

• May 3, 2026: Mandideep plant fire; extent of damage under assessment.
• Insurance claim to be pursued; operations expected to reinstate.
• Labour code changes acknowledged; management expects no material impact.

Opportunities & risks

• Outlook: surfactants market growth driven by home care, textiles, and industrial uses.
• Risks: input costs, raw materials, forex volatility, and logistics challenges.

Publication of unaudited Q1 2026 results

• Unaudited Q1 2026 results for quarter ended 30 June 2026 published on 02 September 2026.
• Newspaper clippings of the unaudited results are attached.
• Pursuant to Regulation 47 SEBI LODR, disclosure made via newspaper ads.

Financial results

• Total income from operations (net): 10,280.00 for quarter ended 30-Jun-2026.
• Net profit before tax and exceptional items: 123,599.
• Net profit before tax and after exceptional items: 84,154.
• Net profit after tax: 62,974.
• Total comprehensive income: 62,974.
• Paid-up equity share capital: 82,266.
• Reserves / Other Equity: 244,009.
• EPS Basic (Rs per share): 765.
• EPS Diluted (Rs per share): 699.
• Board approved the results on 31-Aug-2026.
• Auditor's review: no material misstatement identified.

Financial results

• Unaudited Q1 FY2026 financials approved for quarter ended 30 June 2026.
• Limited Review Report on Q1 FY2026 results received and considered.

AGM and disclosures

• 37th AGM scheduled for 30 September 2026 (Wednesday).
• Register of members and share transfer books closed 25–30 September 2026 (inclusive).
• Draft AGM Notice and Directors Report approved for FY ended 31 March 2026.

Appointments and governance

• Shivansh Tiwari, Practicing Company Secretary, appointed Scrutinizer for postal ballot and e-voting.
• Cost Auditor appointed: M/s Hammad Abbas & Co for FY2025-26.
• Annexure notes 1-year term for FY2026-27 starting 31 Aug 2026.

Meeting Details

• Board meeting on 31 August 2026 at the Registered Office, 815, Arya Nagar, Kanpur 208002.

Key Agenda Items

• To consider and approve unaudited financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 01 July 2026 until 48 hours after conclusion of the meeting.

Postponement and trading window

• Board meeting scheduled for 20 Aug 2026 cancelled due to non-availability of quorum.
• Fresh date for board meeting to consider June 30, 2026 results to be announced.
• Trading window closed till 48 hours after board meeting for adoption of June 30, 2026 results.

Meeting Details

• Date: 20 August 2026; Time: not disclosed; Location: Registered office, 8/15, Arya Nagar, Kanpur-208002

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended 30 June 2026

Other Notes

• Trading window closed from 1 July 2026 until 48 hours after conclusion of the meeting

Delay in Q1 2026 results submission

• Intimates an expected delay in unaudited Q1 2026 results due to fire-related asset loss and valuation.
• Valuation/assessment of affected and remaining assets is ongoing and awaiting finalization.
• Board meeting to finalize/submission of results may be delayed by approximately one week.
• Company will inform the stock exchange of the board meeting date and results submission.
• Company will comply with SEBI LODR requirements and disclose date when fixed.