Key Decisions and Approvals

I. Audited Financial Results

  • The Board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026.
  • The results were reviewed by the Audit Committee and approved by the Board.
  • Statutory Auditors, M/s Suresh Surana & Associates LLP, issued an unmodified audit opinion on both standalone and consolidated results.
  • Financial Results are enclosed as Annexure-A.

II. Re-Appointment of Internal Auditor

  • The Board re-appointed M/s Seth & Associates, Chartered Accountants (FRN: 001167C), Lucknow, as Internal Auditors for FY 2026-27.
  • Profile and terms of appointment are enclosed as Annexure-B.

III. Re-Appointment of Cost Auditor

  • The Board re-appointed M/s Honey Singh & Associates, Cost Accountants, Lucknow (FRN: 101134) as Cost Auditor for FY 2026-27.
  • Profile and terms of appointment are enclosed as Annexure-C.

IV. Dividend, Book Closure & Record Date

  • The Board recommended a dividend of ₹0.75 per equity share (face value ₹1 each) for FY ended March 31, 2026, subject to shareholder approval at the 41st AGM.
  • Record Date for dividend eligibility: Monday, August 24, 2026.
  • Register of Members and Share Transfer Books will remain closed from Tuesday, August 25, 2026 to Monday, August 31, 2026 (both days inclusive).

V. Annual General Meeting

  • The 41st Annual General Meeting will be held on Monday, August 31, 2026 through Video Conferencing/Other Audio-Visual Means.

Meeting Details

  • The Board meeting commenced at 5:15 PM and concluded at 7:05 PM on May 23, 2026.

Financial Performance Highlights (Standalone)

For Year Ended March 31, 2026:

  • Revenue from Operations: ₹1,057.42 crore
  • Other Income: ₹20.97 crore
  • Total Income: ₹1,078.39 crore
  • Total Expenses: ₹909.65 crore
  • Profit Before Tax: ₹168.70 crore
  • Tax Expense: ₹46.41 crore (Current Tax: ₹37.27 crore, Deferred Tax: ₹8.23 crore, Tax relating to earlier years: ₹0.91 crore)
  • Profit After Tax: ₹122.29 crore
  • Other Comprehensive Income (net of tax): ₹0.42 crore
  • Total Comprehensive Income: ₹122.71 crore
  • Basic EPS: ₹10.62
  • Diluted EPS: ₹10.62

For Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹266.49 crore
  • Other Income: ₹4.09 crore
  • Total Income: ₹270.58 crore
  • Total Expenses: ₹231.45 crore
  • Profit Before Tax: ₹39.17 crore
  • Tax Expense: ₹7.41 crore (Current Tax: ₹6.41 crore, Deferred Tax: ₹0.43 crore, Tax relating to earlier years: ₹0.57 crore)
  • Profit After Tax: ₹31.76 crore
  • Other Comprehensive Income (net of tax): ₹0.40 crore
  • Total Comprehensive Income: ₹32.16 crore
  • Basic EPS: ₹2.76
  • Diluted EPS: ₹2.76

Financial Performance Highlights (Consolidated)

For Year Ended March 31, 2026:

  • Revenue from Operations: ₹1,057.42 crore
  • Other Income: ₹20.97 crore
  • Total Income: ₹1,078.39 crore
  • Total Expenses: ₹912.54 crore
  • Profit Before Tax: ₹165.85 crore
  • Tax Expense: ₹46.02 crore (Current Tax: ₹37.27 crore, Deferred Tax: ₹7.84 crore, Tax relating to earlier years: ₹0.91 crore)
  • Profit After Tax: ₹119.82 crore
  • Other Comprehensive Income (net of tax): ₹0.42 crore
  • Total Comprehensive Income: ₹120.24 crore
  • Attributable to owners of parent: ₹120.21 crore
  • Basic EPS: ₹10.40
  • Diluted EPS: ₹10.40

For Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹266.49 crore
  • Other Income: ₹4.09 crore
  • Total Income: ₹270.58 crore
  • Total Expenses: ₹232.71 crore
  • Profit Before Tax: ₹37.87 crore
  • Tax Expense: ₹7.25 crore (Current Tax: ₹6.41 crore, Deferred Tax: ₹0.27 crore, Tax relating to earlier years: ₹0.57 crore)
  • Profit After Tax: ₹30.61 crore
  • Other Comprehensive Income (net of tax): ₹0.40 crore
  • Total Comprehensive Income: ₹31.01 crore
  • Attributable to owners of parent: ₹31.04 crore
  • Basic EPS: ₹2.66
  • Diluted EPS: ₹2.66

Financial Position (Standalone as at March 31, 2026)

  • Total Assets: ₹1,305.52 crore
  • Non-Current Assets: ₹470.51 crore
  • Current Assets: ₹835.01 crore
  • Total Equity: ₹1,017.51 crore
  • Non-Current Liabilities: ₹32.44 crore
  • Current Liabilities: ₹255.57 crore

Significant Notes to Financial Results

Note 2: Other Income

  • Includes ₹2.29 crore received on account of settlement of an insurance claim under litigation since FY 2013-14.

Note 3: Income Tax Proceedings

  • Income Tax Department conducted search proceedings under Section 132 in December 2024; no assets were seized.
  • Received notice dated September 4, 2025 under Section 158BC for block period April 1, 2018 to February 10, 2025.
  • Company filed return for block period on November 3, 2025, assessing and depositing tax of ₹0.18 crore.
  • Assessment proceedings are pending; management believes outcome will not have material impact.

Note 4: Labour Codes Impact

  • Government notified four Labour Codes on November 21, 2025.
  • Company accounted for incremental impact of ₹0.60 crore (Gratuity: ₹0.39 crore, Leave Encashment: ₹0.21 crore).
  • Company continues to monitor finalization of Central/State Rules for any further impact.

Note 5: Quarterly Figures

  • Q4 figures are balancing figures between audited full year and published year-to-date figures up to Q3.

Note 6: Dividend

  • Board recommended dividend of ₹0.75 per equity share for FY26, subject to shareholder approval.

Cash Flow Highlights (Standalone for FY26)

  • Cash generated from operations: ₹108.43 crore
  • Direct taxes paid: ₹40.60 crore
  • Net cash from operating activities: ₹67.83 crore
  • Net cash used in investing activities: ₹61.98 crore
  • Net cash from financing activities: ₹6.96 crore
  • Net increase in cash and equivalents: ₹12.82 crore

Subsidiaries Included in Consolidation

1. India Pesticides Limited (Holding Company)

2. Shalvis Specialities Limited (Subsidiary)

3. Amona Specialities Private Limited (Subsidiary)

Auditor's Report Details

  • Auditor: Suresh Surana & Associates LLP
  • Audit reports issued with unmodified opinions on both standalone and consolidated financial results.
  • For subsidiaries (Shalvis Specialities Limited and Amona Specialities Private Limited), financial statements were audited by other auditors.
  • Subsidiaries represent total assets of ₹94.85 crore and total revenues of ₹3.32 crore as of March 31, 2026.

Additional Information

  • CFO declaration confirms unmodified audit opinion on financial results.