Financial Results Approval

The Board of Directors approved the following items:

1. Audited Financial Results: Approved standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, along with Independent Auditor's Reports issued by M/s. MSKC & Associates LLP (FRN: 001595S/S000168). The auditors issued unmodified opinions on both standalone and consolidated results.

Key Financial Figures (Standalone)

  • Q4 FY26 Revenue: Rs 4,293.25 million
  • Q4 FY26 Net Profit: Rs 216.09 million
  • Q4 FY26 EPS: Rs 5.39 (basic and diluted)
  • FY26 Revenue: Rs 16,059.06 million
  • FY26 Net Profit: Rs 898.35 million
  • FY26 EPS: Rs 22.88 (basic and diluted)
  • Exceptional Items: Rs 44.41 million impact due to New Labour Codes implementation
  • Paid-up Equity Capital: Rs 465.19 million (face value Rs 10 each)
  • Other Equity: Rs 6,879.47 million

Key Financial Figures (Consolidated)

  • Q4 FY26 Revenue: Rs 4,024.65 million
  • Q4 FY26 Net Profit: Rs 196.39 million
  • Q4 FY26 EPS: Rs 5.09 (basic and diluted)
  • FY26 Revenue: Rs 15,171.06 million
  • FY26 Net Profit: Rs 947.11 million
  • FY26 EPS: Rs 24.93 (basic and diluted)
  • Exceptional Items: Rs 45.56 million impact due to New Labour Codes implementation

Dividend Recommendation

The Board recommended a final dividend of Re 1.00 per equity share (10%) for FY26, subject to shareholder approval at the ensuing Annual General Meeting. If approved, the dividend will be paid within 30 days from the AGM date. Book closure and record dates will be communicated later.

Auditor Appointments

  • Internal Auditor: Appointed Mahajan & Aibara LLP as internal auditor for FY 2026-27
  • Cost Auditor: Re-appointed M/s. Dalwadi & Associates as cost auditor for FY 2026-27

Management Changes

  • Mr. Shail Jayesh Shah (DIN: 07543594): Redesignated from Whole Time Director and CFO to Whole Time Director designated as Executive Director-Strategy and Corporate Affairs effective June 1, 2026. He will cease to be CFO effective close of business hours on May 31, 2026.
  • Mr. Pranav Chitre: Appointed as Chief Financial Officer (Key Managerial Personnel) effective June 1, 2026, based on recommendations of Nomination and Remuneration Committee and Audit Committee.

IPO Details

The company completed its Initial Public Offering during FY26:

  • Fresh issue: 75,00,000 equity shares of face value Rs 10 each at issue price of Rs 320 per share
  • Offer for sale: 50,00,000 equity shares
  • Listed on NSE and BSE on March 24, 2026
  • Gross proceeds from fresh issue: Rs 2,400 million
  • Net proceeds (after expenses): Rs 2,203.17 million
  • IPO proceeds utilization as of March 31, 2026:
  • Borrowing repayment: Rs 965 million utilized (Rs 595.58 million unutilized)
  • General corporate purposes: Rs 107.64 million utilized (Rs 534.95 million unutilized)

Business Segment

The company operates in one reportable segment - agrochemical business.

Subsidiaries

Consolidated results include:

  • Rajdhani Petrochemicals Private Limited (wholly owned subsidiary)
  • GSP Intermediates Private Limited (subsidiary)
  • GSP Agroquimica Do Brasil LTDA (wholly owned foreign subsidiary)

Meeting Details

The Board meeting commenced at 3:15 PM and concluded at 5:35 PM (IST) on May 26, 2026.

Additional Information

The financial results for corresponding quarter ended March 31, 2025, were approved by the Board but not subjected to audit/review. The company has temporarily retained unutilized IPO proceeds in fixed deposits, monitoring account, and escrow account.