Key Outcomes from the Board Meeting

The Board of Directors, in its meeting held on October 19, 2026, which commenced at 04:00 p.m. and concluded at 05:10 p.m., considered and approved the following items:

1. Approval of Financial Results: Approved the unaudited standalone financial results for the quarter and half year ended September 30, 2026, along with the Statutory Auditors' Review Report thereon.

2. Change in Designation and Re-appointment of Managing Director & CEO: Based on the recommendation of the Nomination and Remuneration Committee (NRC), the Board approved the change in designation and re-appointment of Mr. Munjal M. Jaykrishna (DIN: 00671693) as Managing Director & CEO of the Company for a term of three consecutive years, effective from October 19, 2026. This appointment is subject to shareholder approval and he is liable to retire by rotation.

3. Revision in Remuneration of Whole Time Director: Based on the NRC's recommendation, the Board approved a revision in the remuneration of Mr. Sachin M. Jaykrishna (DIN: 10712990), Whole Time Director (Executive Director), effective from October 19, 2026, for his remaining tenure ending August 01, 2027. This is subject to shareholder approval.

4. Re-appointment of Whole Time Director: Based on the NRC's recommendation, the Board approved the re-appointment of Mr. Sachin M. Jaykrishna (DIN: 10712990) as Whole Time Director (Executive Director) for a term of three consecutive years, effective from August 02, 2027, after his current term ends. This is subject to shareholder and other necessary approvals, and he is liable to retire by rotation.

Detailed Financial Performance (Standalone)

For the Quarter Ended September 30, 2026 (Q2 FY27)
  • Total Income: ₹160.52 crore
  • Revenue from Operations: ₹160.48 crore
  • Other Income: ₹0.03 crore
  • Total Expenses: ₹146.43 crore
  • Cost of materials consumed: ₹84.45 crore
  • Changes in inventories of finished goods, work-in-progress, and stock-in-trade: ₹1.03 crore (increase)
  • Employee benefits expense: ₹4.49 crore
  • Power & Fuel: ₹17.30 crore
  • Finance costs: ₹2.47 crore
  • Depreciation and amortization expense: ₹4.45 crore
  • Other expenses: ₹20.08 crore
  • Profit Before Exceptional Items and Tax (PBT): ₹14.09 crore
  • Exceptional Items: ₹1.70 crore (Income from insurance claim settlement)
  • Profit Before Tax (PBT): ₹15.79 crore
  • Tax Expense: ₹0.76 crore (Deferred tax)
  • Profit for the Period from Continuing Operations (PAT): ₹15.03 crore
  • Other Comprehensive Income (OCI): (₹0.34) crore
  • Total Comprehensive Income for the Period: ₹14.69 crore
  • Paid-up Equity Share Capital: ₹8.03 crore (Face Value ₹10 per share)
  • Basic & Diluted Earnings Per Share (EPS): ₹18.94
For the Half Year Ended September 30, 2026 (H1 FY27)
  • Total Income: ₹301.42 crore
  • Revenue from Operations: ₹301.35 crore
  • Other Income: ₹0.07 crore
  • Total Expenses: ₹271.39 crore
  • Profit Before Exceptional Items and Tax (PBT): ₹30.03 crore
  • Exceptional Items: ₹1.70 crore (Income)
  • Profit Before Tax (PBT): ₹31.73 crore
  • Tax Expense: ₹1.50 crore
  • Profit for the Period from Continuing Operations (PAT): ₹30.23 crore
  • Other Comprehensive Income (OCI): ₹0.41 crore
  • Total Comprehensive Income for the Period: ₹30.64 crore
  • Basic & Diluted Earnings Per Share (EPS): ₹35.52
Comparative Figures (Quarter Ended September 30, 2025 - Q2 FY26)
  • Revenue from Operations: ₹89.30 crore
  • Profit/(Loss) Before Tax: (₹1.40) crore
  • Profit/(Loss) for the Period: (₹1.37) crore
  • Basic & Diluted EPS: (₹1.70)

Key Management Personnel Details

Mr. Munjal M. Jaykrishna (Managing Director & CEO Designate)

  • DIN: 00671693
  • Profile: Graduate in Finance and Marketing from Lehigh University, USA. He has been with the company since 1994 and provides strategic direction, focusing on innovation, operational excellence, and sustainable manufacturing.
  • Relationships: Son of Mrs. Paru M. Jaykrishna (Chairperson & Managing Director) and father of Mr. Sachin M. Jaykrishna (Whole Time Director).
  • Compliance: Not debarred from holding the office of director by SEBI or any other authority.

Mr. Sachin M. Jaykrishna (Whole Time Director)

  • DIN: 10712990
  • Profile: Holds a Bachelor of Arts in International Relations from Lehigh University, USA. He leads the marketing function and plays a key role in business development and sustainability initiatives.
  • Relationships: Son of Mr. Munjal M. Jaykrishna and grandson of Mrs. Paru M. Jaykrishna.
  • Compliance: Not debarred from holding the office of director by SEBI or any other authority.

Exceptional Item Explanation

An exceptional item of ₹169.61 lakh was recognized for the quarter ended September 30, 2026. This relates to a fire incident that occurred on May 2, 2024, in the Dry zone of the VS Plant. The company received a part settlement of ₹543.16 lakh (net of GST) towards the insurance claim during Q2 FY26. Based on subsequent communication from the insurer, an additional ₹28.63 lakh was intimated as a final settlement, leading to the recognition of this income.

Auditor's Review

Statutory Auditors, Talati & Talati LLP, have reviewed the financial results. Their report, issued pursuant to Regulation 33 of SEBI LODR Regulations, states that based on their review, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.

Additional Information

  • The company operates in a single segment: "Chemical Business".
  • The complete financial results are available on the company's website at www.aksharchemindia.com.