Date: November 04, 2026

Board Meeting Outcomes

The company has sent a circular to shareholders inviting unsecured deposits pursuant to Section 73(2)(a) of the Companies Act, 2013 read with Rule 4 of the Companies (Acceptance of Deposits) Rules, 2014. The circular was sent via email to members with registered email addresses and physically through speed post to others.

Dividend Declaration or Non-Declaration

Not Specified

Financial Results (Standalone)

Profitability Trends (₹ in lakhs):

  • FY 2025-26: Profit before depreciation & tax: ₹5,497.62; Profit after tax: ₹3,647.99
  • FY 2024-25: Profit before depreciation & tax: ₹5,933.12; Profit after tax: ₹3,989.15
  • FY 2023-24: Profit before depreciation & tax: ₹5,821.15; Profit after tax: ₹3,930.29

Dividend History:

  • FY 2025-26: ₹275.10 lakhs declared (25% or 50 paise per share of face value ₹2)
  • FY 2024-25: ₹275.10 lakhs declared (25% or 50 paise per share)
  • FY 2023-24: ₹275.10 lakhs declared (25% or 50 paise per share)

Interest Coverage Ratio:

  • FY 2025-26: 8.87 times
  • FY 2024-25: 5.61 times
  • FY 2023-24: 4.46 times

Balance Sheet Position (₹ in lakhs):

  • FY 2025-26: Total Assets ₹40,743.74; Equity and Reserves ₹28,814.27
  • FY 2024-25: Total Assets ₹39,955.97; Equity and Reserves ₹25,465.50
  • FY 2023-24: Total Assets ₹38,596.69; Equity and Reserves ₹21,788.13

Cash Flow Statement (₹ in lakhs):

  • FY 2025-26: Operating cash flow ₹6,353.65; Closing cash balance ₹3,927.19
  • FY 2024-25: Operating cash flow ₹2,405.47; Closing cash balance ₹3,414.99
  • FY 2023-24: Operating cash flow ₹4,721.25; Closing cash balance ₹3,312.62

Deposit Scheme Details

Deposit Limits:

  • Maximum amount company can raise: ₹100,75,69,150 (35% of paid-up capital + free reserves)
  • Aggregate deposits held as of March 31, 2026: ₹11,01,00,000
  • Aggregate deposits held as of September 30, 2026: ₹11,21,00,000
  • Amount proposed to be raised: ₹2,500.00 lakhs (₹25 crore)
  • Amount repayable within next 12 months: ₹256.00 lakhs

Scheme Terms:

  • Type: Unsecured deposits
  • Eligibility: Resident members only
  • Minimum deposit: ₹50,000 with multiples of ₹50,000
  • Tenor and interest rates:
  • 1 year: 8.00% p.a.
  • 2 years: 8.50% p.a.
  • 3 years: 9.00% p.a.
  • Interest payment: Quarterly (June 30, September 30, December 31, March 31)
  • Mode of payment: ECS/Direct Credit/RTGS/NEFT or Cheque

Scheme Validity:

The circular is valid for 6 months from closure of FY 2026-27 i.e., until September 30, 2027 or date of 52nd AGM, whichever is earlier.

Purpose of Funds:

For raising funds to finance working capital requirements and general corporate purposes of the company.

Outstanding Deposits

  • Amount outstanding as of September 30, 2026: ₹11,21,00,000
  • Total number of depositors: 59 (based on PAN)
  • Previous acceptances: ₹3,39,50,000 during FY 2025-26; ₹26,00,000 from April 01, 2026 to September 22, 2026
  • Rate of interest on existing deposits: 9% to 10% p.a.
  • Default status: No defaults in repayment of deposits or payment of interest

KMP / Board Changes

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational Disclosures

Business Overview:

The company manufactures organic and inorganic chemical compounds including ethanolamines, alkyl alkanolamines, morpholine derivatives, alkyl morpholines, gas treating solvents, and morpholine oxide used in various industries including oil refineries, natural gas plants, pharmaceuticals, textiles, and agrochemicals.

Plant Locations:

  • Unit 1 (Chemical Plant): D-21 and D-21A Thane Belapur Road, Turbhe, Navi Mumbai - 400 705
  • Unit 2 (APL Industrial Gases): Survey No. 49, Village Vadval, Taluka Khalapur, Dist. Raigad - 410203
  • Unit 3 (APL Engineering Services): Survey No. 49, Village Vadval, Taluka Khalapur, Dist. Raigad - 410203

Subsidiary:

Amines and Plasticizers FZ LLC (wholly owned subsidiary in Ras Al Khaimah, UAE) formed to extend business activities in Middle East region.

Risk Factors:

The company faces competition from domestic and international chemical manufacturers, raw material price fluctuations (particularly ethylene oxide affected by crude oil prices), energy price increases, and shipping freight costs.

Compliance Status:

No defaults in repayment of statutory dues, debentures, or loans from any bank/financial institution.