Yash Chemex Ltd

AGM details

• AGM date/time: 30 Sep 2026, 4:00–4:30 PM IST, at registered office, physically.
• Voting eligibility cut-off: 23 Sep 2026.
• Remote e-voting and ballot voting available; Scrutinizer appointed.
• Meeting commenced 4:00 PM; concluded 4:30 PM.

Key resolutions

• Ordinary: Adopt standalone and consolidated financial statements for year ended Mar 31, 2026 — passed.
• Ordinary: Re-appoint Dimple Priteshkumar Shah by rotation; approved.
• Ordinary: Appoint M/S TRS & Associates as Statutory Auditors till 25th AGM.
• Special: Approve related party transactions with Yasons Chemex Care Limited.
• Special: Approve related party transactions with Yash Chem.
• Special: Approve related party transactions with Yash Corporation.
• Special: Approve related party transactions with Rishit Ploysurf LLP.

Yash Chemex Limited trading window closes from October 01, 2026 till completion of 48 hours after the declaration of Un-Audited Standalone and Consolidated Financial Results for the Quarter and Half year ending September 30, 2026

Transaction details

• Target Company: Yash Chemex Limited.
• Disclosing Party: Paxal Shah (Promoter Group).
• PACs: Yashwantlal C Shah HUF; Pritesh Y Shah (HUF).
• Pritesh Yashwantlal Shah; Chandrika Y Shah; Dimple Priteshkumar Shah (Promoter Group).
• Transaction Type: Acquisition of 2,600 equity shares.
• Pre-Transaction Holding: 836,597 shares (8.17%).
• Post-Transaction Holding: 839,197 shares (8.19%).
• Date of transactions: 22 Sep 2026 and 23 Sep 2026.
• Mode: Open market acquisition on BSE.
• Instrument: Equity shares.
• Before share capital: INR 10,24,34,250; 7,02,43,425 shares.
• After share capital: INR 10,24,34,250; 1,02,43,425 shares.
• Total diluted share capital after: INR 10,24,34,250; 1,02,43,425 shares.

Transaction details

• Target Company: Yash Chemex Limited.
• Disclosing Party: Paxal Shah (Promoter Group) – Acquirer.
• PACs: Yashwantlal C Shah HUF; Pritesh Shah (HUF); Chandrika Shah; Priteshkumar Shah.
• Transaction Type: Acquisition of 3,000 Equity Shares via open market.
• Pre-Transaction Holding: Paxal Shah – 833,597 shares (8.10%).
• 3,000 shares acquired, 0.029% of total equity.
• Post-Transaction Holding: Paxal Shah – 836,597 shares (8.16%).
• Date of Transaction: 9 September 2026.
• Mode: Open market on BSE Limited.
• Pre-transaction share capital: INR 10,24,34,250 comprising 1,02,43,425 shares.
• Post-transaction share capital: INR 10,24,64,250 comprising 1,02,46,425 shares.

Acquisition of equity shares in Yash Chemex Limited

• Target Company: Yash Chemex Limited.
• Disclosing Party: Paxal Shah (Acquirer) and PACs; Promoter Group.
• Transaction Type: Acquisition of 2,000 equity shares via Open Market.
• Pre-Transaction Holding: 831,597 shares (8.11%).
• Acquired: 2,000 equity shares (0.019%) via open market.
• Post-Transaction Holding: 833,597 shares (8.73%).
• Date of Transaction: 7 September 2026.
• Pre-Transaction Capital: INR 10,243,425 (1,02,43,425 shares).
• Post-Transaction Capital: INR 10,243,425 (1,02,43,425 shares).
• Total Diluted Capital: INR 10,243,425 (1,02,43,425 shares).

Financial performance

• Standalone revenue from operations: 7,588.76 lakh; 2024-25 was 5,796.47.
• Standalone PAT: 153.79 lakh; up from 122.44.
• Consolidated revenue from operations: 14,402.01 lakh; 2024-25 was 9,528.29.
• Consolidated PAT: 202.07 lakh; prior year 205.39.
• Dividend declared: None; reserves Standalone 1,759.60; Consolidated 3,080.12.

Capital structure & shareholding

• Authorized capital Rs 11,00,00,000; paid-up capital Rs 10,24,34,250.
• Issued 1,02,43,425 equity shares; 100% in dematerialised form.
• Promoters hold 53.64%; Promoter group 10.97%; Public 33.68%.
• No capital changes during year.

Related party transactions

• RPTs approved up to Rs 50 crore per transaction; multiple related parties.
• FY2025-26 RPTs: Yasons Sale 936.83L; Purchase 312.53L.
• Yash (MD’s firm): Sale 235.00L; Purchase 460.60L.
• Yash Corporation: Sale 162.92L; Purchase 234.41L.
• Rishit Polysurf LLP: Sale 48.91L; Purchase 349.00L.
• RPTs reviewed by Audit Committee; no voting by related parties at AGM.

Governance & board changes

• New independent directors: Dhanik Jayeshkumar Mehta and Bhaveshkumar Shah (appointed 14-02-2026).
• Jinal Shah and Angee Shah ceased on 29-03-2026 and 08-04-2026.
• Rushabh Shah reappointed as Independent Director (Dec 29, 2025); Postal Ballot approved 26-03-2026.
• Company Secretary: Pragati Jain resigned 22-01-2026; Anisha Jain appointed 05-02-2026.
• Statutory Auditors: S.L. Patel resigned 19-05-2026; TRS & Associates appointed 14-08-2026.

Subsidiaries & material subsidiary

• Yasons Chemex Care Limited is a material subsidiary (51% owned).
• FY25-26 subsidiary turnover Rs 7125.78 lakh; PBT Rs 124.70; PAT Rs 93.77; 51.47% stake.

Industry outlook & MD&A

• Global dyes and pigments market USD 38.2B in 2022; CAGR 5.3% to 2030.
• Indian chemical industry to reach US$250B by 2026; Make in India, PCPIRs, and incentives.
• China Plus One strategy drives diversification; India benefits from domestic manufacturing.

Audit & internal controls

• TRS & Associates appointed as Statutory Auditors for 2026-31.
• Internal controls deemed adequate; no material weaknesses reported.
• Secretarial audit by Kunal Sharma; SEBI-related matters disclosed and addressed.

Dividend policy & risk

• No dividend; IEPF transfers for 7-year unclaimed amounts not triggered.

AGM Details

• Date and time: 30 September 2026, 04:00 PM IST, physical at registered office.
• Remote e-voting: 27 Sep 2026 09:00 AM to 29 Sep 2026 05:00 PM IST.
• E-voting cut-off: 23 September 2026 for eligibility.
• Register of Members closed: 24 Sep 2026 to 30 Sep 2026 (inclusive).
• Notice and annual report available on company website and BSE.

Key Resolutions

• Ordinary: Adopt standalone financial statements for year ended 31 March 2026.
• Ordinary: Adopt consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Mrs. Dimple Priteshkumar Shah as Director.
• Ordinary: Appoint M/s TRS & Associates as Statutory Auditors for 2026-27 to 2030-31.
• Ordinary: Approve RPTs with Yasons Chemex Care Limited up to Rs 50 Cr per transaction.
• Ordinary: Approve RPTs with Yash Chem up to Rs 50 Cr per transaction.
• Ordinary: Approve RPTs with Yash Corporation up to Rs 50 Cr per transaction.
• Ordinary: Approve RPTs with Rishit Polysurf LLP up to Rs 50 Cr per transaction.

Auditor Appointment

• TRS & Associates to conduct statutory audit for FY 2026-27 to 2030-31.
• Remuneration: INR 3.00 Lakh per annum plus GST.

Related Party Transactions

• Parties: Yasons Chemex Care Limited, Yash Chem, Yash Corporation, Rishit Polysurf LLP.
• Cap: Rs 50 Crores per transaction; arms' length and ordinary course.
• RPTs proposed for FY 2026-27 to 2028-29; omnibus approval sought.

Directors

• Re-appointment of Mrs. Dimple Pritesh Shah as Director (DIN 06914755).

Acquisition details

• Target: Yash Chemex Limited; Acquirer: Paxal Shah (Promoter Group) and PACs.
• Pre-hold: 829,997 shares (about 8.10%).
• Post-hold: 831,597 shares (about 8.11%).
• Acquisition: 1,600 equity shares via open market on BSE, dated 25 August 2026.
• Capital context: before/after equity shares 1,02,43,425 (INR 10,24,34,250).

Acquisition under Reg 29(2)

• Target Company: Yash Chemex Limited.
• Disclosing Party: Paxal Shah (Promoter Group).
• Transaction Type: Acquisition of 3,500 equity shares.
• Pre-Transaction Holding: 826,497 shares (8.07%).
• Transaction Details: 3,500 shares acquired via open market on BSE, Aug 19–20, 2026.
• Post-Transaction Holding: 829,997 shares (8.10%).
• Date(s) of Transaction: 19 August 2026; 20 August 2026.
• Share Capital Context: Pre-transaction capital: 1,02,43,425 equity shares; Post-transaction: same.
• Diluted capital: not disclosed.