Tuticorin Alkali Chemicals And Fertilizers Ltd

AGM Details

• Date/time/mode: 25 September 2026 at 5:00 PM, via Video Conferencing/OAVM.
• Remote e-voting ran 22 Sep 2026 9:00 AM to 24 Sep 2026 5:00 PM.
• Scrutinizer: M/s KRA & Associates.
• All resolutions passed with requisite majority per Scrutinizer report.

Key Resolutions

• Item 1-2: Ordinary business; ordinary resolutions passed with simple majority.
• Item 3, 6, 7: Special business; ordinary resolutions passed with simple majority.
• Item 4, 5: Special business; special resolutions passed with requisite majority.

Voting Results

• All resolutions passed with requisite majority; no significant dissent reported.

Tuticorin Alkali Chemicals And Fertilizers Ltd — Trading Window closed from 1 October 2026 until 48 hours after disclosure of the Un-audited Financial Results for the second quarter and half-year ending 30 September 2026.

AGM details

• 53rd AGM held on 25 September 2026 at 5:00 PM via VC/OAVM (WebEx).

Ordinary resolutions

• Adopt Audited Financial Statements for the year ended 31 March 2026.
• Re-appoint Mr. K R Anandan by rotation.
• Appoint B Y & Associates as Cost Auditor for FY 2026-27 and fix remuneration.
• Approve material related party transactions with Greenstar Fertilizers Limited for 53rd AGM to 54th AGM.
• Approve material related party transactions with Southern Petrochemical Industries Corporation Limited for 53rd AGM to 54th AGM.

Special resolutions

• Increase remuneration payable to Mr. E Rajeshkumar, Whole-Time Director.
• Approve Special Incentive payable for FY 2025-26 to Mr. E Rajeshkumar.

Voting results

• Resolution 1: Adopt Audited Financial Statements; Passed (deemed) 25 Sep 2026.
• Resolution 2: Re-appoint K R Anandan by rotation; Passed (deemed) 25 Sep 2026.
• Resolution 3: Cost Auditor appointment; Passed (deemed) 25 Sep 2026.
• Resolution 4: Approve RPT with Greenstar Fertilizers Limited; Passed (deemed) 25 Sep 2026.
• Resolution 5: Approve RPT with Southern Petrochemical Industries Corporation Limited; Passed (deemed) 25 Sep 2026.
• Resolution 6: Increase remuneration for E Rajeshkumar; Passed (deemed) 25 Sep 2026.
• Resolution 7: Approve Special Incentive to E Rajeshkumar for FY2025-26; Passed (deemed) 25 Sep 2026.

Related party transactions

• Greenstar Fertilizers Limited: RPTs approved for 53rd to 54th AGM.
• Southern Petrochemical Industries Corporation Limited: RPTs approved for 53rd to 54th AGM.

Director changes

• Re-appointment by rotation of K R Anandan.

Brand identity update

• Unveiled new brand identity and logo for Tuticorin Alkali Chemicals and Fertilizers Limited, effective Sept 10, 2026.

Key business development

• In July 2026, shipped first export consignment of Ammonium Chloride to the USA.

Logo change

• Change of corporate logo adopted; board approval via circular resolution dated 10 Sep 2026.
• New logo unveiled on 10 September 2026.
• New logo to be used on all product labels, website, and communications.
• No changes to business operations or financials disclosed.

Financial performance

• Total income Rs 343.08 cr; revenue from operations Rs 337.77 cr.
• PAT Rs 36.61 cr; EPS Rs 3.00; dividend not declared.
• YoY revenue growth about 7%.
• Gross profit Rs 67.73 cr; finance costs Rs 6.62 cr; depreciation Rs 8.38 cr.
• Operating cash flow Rs 124.27 cr; capex outlays Rs 133.89 cr (PPE) and 150.40 cr CWIP.

Operational highlights

• Soda Ash production 70,450 MT; 90.3% of planned output.
• Soda Ash sales 68,341 MT; ACL production 60,740 MT.
• ACL sales 58,433 MT; salt production 16,353 MT.
• Biomass utilization 100%; green power share 53%.

Capital structure & liquidity

• Equity share capital unchanged at Rs 12,186.76 lakh.
• Net worth Rs 18,080.54 lakh; reserves include revaluation surplus.
• Total borrowings Rs 12,000 lakh; current Rs 7,000 lakh; non-current Rs 5,000.
• Debt-to-equity 0.66x; net debt to capital ~0.40x; interest coverage 8.95x.
• Credit rating BBB- / Stable; cash balance Rs 40.22 cr end-year.

Governance & risk management

• Board of eight; Rita Chandrasekar left 2025; Latha Ramanathan joined 2025.
• E Rajeshkumar reappointed Whole-time Director for 2026–29.
• Audit Committee chaired by S. Srikanth; secretarial audit by KRA & Associates.

Related party transactions

• Material RPTs with SPIC and GSFL; approvals under SEBI LODR.
• SPIC Rs 370.39 cr; GSFL Rs 642.86 cr; both material.
• Promoter groups include SPIC, AMI Holdings, GSFL; SPIC 23.46%, AMI 46.61%, Greenstar 4.92%.

Sustainability & ESG

• CSR: Medical camp for 135; Eye camp for 164; free spectacles for 50.
• ISO 9001:2015 and ISO 14001:2015 updated; moving toward ISO 45001.
• FICCI Best Green Process Award 2026.

Outlook & risks

• Ammonia price volatility due to Middle East; potential pass-through.
• Soda Ash capacity expansion to 275 KTPA; 75 MT/hr biomass boiler planned.
• Export market expansion; Green Soda Ash and PCF credentials support growth.