AGM Details

The 37th Annual General Meeting was held on 6th August, 2026 at 3:00 p.m. through Video Conference/Other Audio Visual Means facility.

Attendance Statistics

  • Total shareholders as of cut-off date (30th July, 2026): 33,683
  • Shareholders present through VC/OAVM: 44 (Promoters & Promoter Group: 13, Public: 31)
  • Meeting duration: 3:00 p.m. to 3:41 p.m.

Business Transacted

Ordinary Business:

1. Adoption of financial statements for year ended 31st March, 2026 and Reports of Board of Directors and Auditors

2. Declaration of Dividend for financial year ended 31st March, 2026

3. Re-appointment of Shri Nikunj Dhanuka (DIN: 0193499) who retires by rotation

Special Business:

4. Payment of remuneration by way of commission to Non-Executive Directors

5. Re-appointment of Shri Sagar Jadhav (DIN: 09547029) as Executive Director

6. Ratification of Remuneration of Cost Auditor

Chairman's Address Highlights

Shri Nikunj Dhanuka, Chairman, presented:

  • Overview of Company's performance during financial year 2025-26
  • Prevailing industry environment analysis
  • Financial performance highlights
  • Balance sheet strengthening through reduction in foreign currency exposure
  • Reaffirmation of Company's credit ratings
  • Progress update on Advance Plasticizer project
  • Debottlenecking of DEP capacity
  • Diversification into Compressed Bio-Gas
  • Sustainability initiatives
  • CSR activities
  • Chemical industry outlook
  • Focus on long-term value creation through capacity expansion, product diversification and prudent financial management

Shareholder Engagement

Registered speaker shareholders raised queries regarding:

  • New Plasticizer project
  • Expected revenue growth
  • Capacity utilisation
  • Anti-dumping duty
  • Profitability
  • Industry outlook
  • Future business prospects

The Chairman responded to all queries raised by shareholders.

Voting Process

  • Remote e-voting facility provided on all resolutions
  • Voting period: 3rd August, 2026 at 9:00 a.m. to 5th August, 2026 at 5:00 p.m.
  • Scrutinizer supervised the e-voting process
  • Members present at AGM who hadn't voted remotely could vote during AGM and for 15 minutes after conclusion
  • All resolutions passed with requisite majority
  • Combined results of remote e-voting and AGM voting to be announced after Scrutinizer's Report
  • Results will be submitted to Stock Exchanges and uploaded on Company website and NSDL within prescribed timelines

Other Attendees

Present in the meeting: Directors, KMPs, Statutory Auditors, Secretarial Auditors, and Scrutinizer