Key Quantitative Figures

Financial Performance (Standalone) FY 2025-26:

  • Total Revenue: ₹72.14 crore (Previous year: ₹73.06 crore)
  • Profit Before Depreciation and Tax: ₹4.65 crore (Previous year: ₹4.06 crore)
  • Depreciation: ₹2.12 crore (Previous year: ₹2.02 crore)
  • Profit Before Tax: ₹2.53 crore (Previous year: ₹2.04 crore)
  • Current Tax: ₹0.58 crore (Previous year: ₹0.09 crore)
  • Deferred Tax: ₹0.13 crore (Previous year: ₹0.37 crore)
  • Net Profit: ₹1.82 crore (Previous year: ₹1.59 crore)

Dividend Declaration:

  • Recommended Dividend: ₹1 (10%) per equity share of face value ₹10 each
  • Record Date: 14th September, 2026

Capital Structure:

  • Authorized Share Capital: ₹3.50 crore (35,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹3.03 crore (30,28,500 equity shares of ₹10 each)
  • No changes in share capital during the year

Key Balance Sheet Figures (as of 31st March, 2026):

  • Property, Plant and Equipment: ₹26.21 crore
  • Capital Work-in-Progress: ₹1.73 crore
  • Right of Use Assets: ₹14.87 crore
  • Inventories: ₹15.30 crore
  • Trade Receivables: ₹15.43 crore
  • Cash and Cash Equivalents: ₹0.08 crore
  • Total Borrowings: ₹13.77 crore (Non-current: ₹9.36 crore, Current: ₹4.41 crore)

Dates of Action

  • AGM Date: 21st September, 2026 at 1:00 PM through Video Conference Mode
  • Book Closure: 15th September, 2026 to 21st September, 2026 (both days inclusive)
  • E-voting Period: 18th September, 2026 (9:00 AM) to 20th September, 2026 (5:00 PM)
  • Dividend Payment: Within 30 days from AGM date if approved (on or before 20th October, 2026)

Parties Involved

Board of Directors:

  • Mr. Apurva Kamleshbhai Modi (Chairman, Whole-time Director)
  • Mr. Neeraj Shah (Managing Director)
  • Mr. Aditya Bharat Modi (Non-Executive Independent Director)
  • Mrs. Anokhi Balakia (Non-Executive Independent Women Director - w.e.f. 28/06/2025)

Key Managerial Personnel:

  • Mr. Kalpesh Patel (Chief Financial Officer)
  • Ms. Krishna Patel (Company Secretary & Compliance Officer - w.e.f. 29/10/2025)

Auditors:

  • Statutory Auditors: M/s. G. K. Choksi & Co., Chartered Accountants
  • Secretarial Auditor: Mr. Chintan K. Patel, Practicing Company Secretary

Bankers:

  • HDFC Bank Ltd., Vatva Branch

Registrars & Share Transfer Agents:

  • MUFG Intime India Private Limited

Related Party Transactions

Approval Sought for Prima Chemicals Transactions:

  • Nature: Purchase/Sale of Goods and Services
  • Proposed Amount: Up to ₹150 crore each during FY 2027-28 and FY 2028-29 (aggregate ₹300 crore)
  • Relationship: Mr. Apurva Kamleshbhai Modi (Whole-time Director) and Mr. Kamlesh Modi (his father) are partners in Prima Chemicals
  • Past Transactions: FY26 Sales: ₹42.88 crore, Purchases: ₹29.73 crore; FY25 Sales: ₹34.22 crore, Purchases: ₹24.10 crore; FY24 Sales: ₹5.72 crore, Purchases: ₹3.73 crore
  • Financial Impact: Value of proposed transactions represents 206.46% of company's annual consolidated turnover

Operational Highlights

  • Business: Manufacturers & Exporters of Dyes, Pigments & Dye Intermediates
  • Export Performance: Foreign exchange earnings of ₹12.75 crore (Previous year: ₹19.34 crore)
  • Employee Strength: 68 employees excluding Directors & KMP as on 31st March, 2026
  • Manufacturing Facilities: Two factories at GIDC Vatva, Ahmedabad
  • Future Outlook: Focus on product development, market expansion, and operational efficiency. Installing spray dryer to enhance manufacturing capabilities.

Capital Structure Impact

  • No change in share capital during the year
  • No issuance of shares with differential voting rights, stock options, or sweat equity

Cash Flow Implications

  • Dividend Outflow: Approximately ₹30.29 lakh if approved
  • Tax Payments: Current tax of ₹58.03 lakh paid during the year
  • Capital Expenditure: Addition of ₹97.12 lakh to fixed assets

Governance Matters

  • Board Meetings: 7 meetings held during FY 2025-26
  • Committee Meetings: Audit Committee (6 meetings), Nomination and Remuneration Committee (6 meetings), Stakeholders' Relationship Committee (5 meetings)
  • Directors' Retirement: Mr. Apurva Kamleshbhai Modi retires by rotation and seeks reappointment