Board Meeting Outcomes

The Board of Directors meeting held on 28th October 2026 (1:00 PM to 6:30 PM) approved the following:

1. Unaudited Financial Results: Approved the standalone and consolidated unaudited financial results for the quarter and half year ended 30th September 2026 as recommended by the Audit Committee.

2. Committee Re-designations:

  • Mr. Satish Narain Jajoo re-designated as Chairperson of Stakeholders Relationship Committee from Member
  • Mrs. Drushti Desai re-designated as Member from Chairperson of Stakeholders Relationship Committee

Updated Committee Composition:

  • Mr. Satish Narain Jajoo (Chairperson)
  • Mr. Suresh Krishnamurthi Rao (Member)
  • Mrs. Drushti Desai (Member)

3. Appointment of COO: Mr. V.R. Raguraman appointed as Chief Operating Officer (Senior Management Personnel) with immediate effect based on Nomination and Remuneration Committee recommendation.

Financial Results - Standalone (Q2 FY27)

Income Statement Highlights (₹ lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: 7,561.58
  • Other Income: 36.74
  • Total Income: 7,598.32
  • Total Expenses: 7,905.45
  • Loss before tax: (307.13)
  • Tax Credit: (83.69)
  • Net Loss after tax: (223.44)
  • Total Comprehensive Loss: (208.29)
  • Basic EPS: (1.55)
  • Diluted EPS: (1.55)

Half Year Ended September 30, 2026:

  • Revenue from Operations: 14,863.72
  • Other Income: 218.02
  • Total Income: 15,081.74
  • Total Expenses: 15,258.63
  • Loss before tax: (176.89)
  • Tax Credit: (436.37)
  • Net Profit after tax: 259.48
  • Total Comprehensive Income: 292.84
  • Basic EPS: 1.81
  • Diluted EPS: 1.81

Segment Performance (Q2 FY27)

Chemicals and Related Products:

  • Revenue: 6,922.09 lakhs
  • Segment Result: 231.75 lakhs

PVC-O Pipes:

  • Revenue: 639.49 lakhs
  • Segment Result: (317.27) lakhs

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: 62,905.49 lakhs
  • Total Equity: 41,526.07 lakhs
  • Total Liabilities: 21,379.42 lakhs
  • Equity Share Capital: 1,437.37 lakhs (Face Value ₹10 per share)
  • Other Equity: 40,088.70 lakhs

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash used in Operating Activities: (220.76) lakhs
  • Net cash used in Investing Activities: (2,474.61) lakhs
  • Net cash from Financing Activities: 1,942.82 lakhs
  • Net decrease in Cash: (752.55) lakhs

Financial Results - Consolidated (Q2 FY27)

Quarter Ended September 30, 2026:

  • Revenue from Operations: 7,561.47
  • Other Income: 37.46
  • Total Income: 7,598.93
  • Total Expenses: 7,893.44
  • Loss before tax: (294.51)
  • Tax Credit: (83.70)
  • Net Loss after tax: (210.81)
  • Total Comprehensive Loss: (195.66)
  • Basic EPS: (1.47)
  • Diluted EPS: (1.47)

Key Financial Notes

1. Power Plant Investment: During H1 FY27, the company invested ₹1,491 lakhs as per power purchase agreement for sourcing power from hybrid power plant.

2. Taxation: The company exercised option for lower tax rate under Section 200 of Income Tax Act 2025 (erstwhile Section 115BAA), resulting in tax credit of ₹380.27 lakhs from re-measurement of opening deferred tax liabilities.

3. Job Work Expenses: Direct manufacturing expenses include ₹736.70 lakhs for aluminum chloride production job work.

4. Subsidiaries: Consolidated results include:

  • Chemfab Karaiikal Limited (Subsidiary)
  • Chemfab Hiitech Piping Limited (Subsidiary)

Senior Management Appointment - Mr. V.R. Raguraman

  • Designation: Chief Operating Officer
  • Date of Appointment: 28th October 2026
  • Profile: Business graduate with over four decades of experience in chemical manufacturing sector, previously served as Business Head for Chemical Units in Puducherry and Andhra Pradesh
  • Relationships: Not related to any Director or Key Managerial Personnel of the Company