Company Overview
Innovassynth Technologies (India) Limited (formerly Innovassynth Investments Limited, Scrip Code: 533315) submitted its Annual Report for FY 2025-26 to BSE Limited pursuant to SEBI Listing Regulations, followed by an AGM notice for September 29, 2026.
Financial Performance (₹ in Lakhs)
The company reported a net loss of ₹2,878.80 lakhs for FY 2025-26, a significant deterioration from the ₹2,014.50 lakh profit in FY 2024-25. Total income stood at ₹10,295.93 lakhs (FY 2024-25: ₹10,009.07 lakhs), with revenue from operations at ₹10,235.21 lakhs. Key expense components included Cost of Material Consumed (₹4,895.12 lakhs), Employee Benefit Expenses (₹3,431.37 lakhs), and Finance Cost (₹722.77 lakhs).
Merger Implementation & Capital Structure
The company completed a transformative merger effective December 19, 2025, absorbing Innovassynth Technologies (India) Limited with Innovassynth Investments Limited. This resulted in allotment of 4,74,65,031 equity shares and increased paid-up capital from ₹2,798.43 lakh to ₹7,544.93 lakh. Subsequent to year-end, the company completed a rights issue in May 2026, issuing 1,74,11,380 shares at ₹40 per share aggregating ₹69.65 crore.
Business Operations & Export Performance
As a research-driven CRDMO and specialty chemicals company, Innovassynth maintains strong export orientation with 85-90% of revenue from North America and Europe. The company exported 36.11 MT valued at ₹5,288.51 lakhs while maintaining EcoVadis Gold sustainability rating for the second consecutive year. Manufacturing facilities include a 60+ acre plant in Khopoli, Maharashtra with 250+ KL reaction capacity.
Annual General Meeting Details
The company will hold its AGM on September 29, 2026, with remote e-voting available from September 26-29, 2026. The agenda includes re-appointment of Dr. Hardik Joshipura as Managing Director & CEO, with his terms remaining unchanged from prior approval. Shareholders can vote electronically through NSDL or CDSL platforms, with results to be published within 48 hours of AGM conclusion.
Corporate Governance & Compliance
The board comprises 8 directors (2 Executive, 4 Non-Executive Independent, 2 Non-Executive Non-Independent). The company faced minor SEBI non-compliances including delay in intimating completion of Independent Director tenure and late submission of Board meeting intimation (fined ₹10,000 by BSE). Contingent liabilities include disputed Customs Duty of ₹1,730.46 lakhs pending with CESTAT.
Shareholding & Dividend
As of March 31, 2026, Promoter & Promoter Group held 73.70% while Public Shareholding stood at 26.30%. No dividend was recommended for FY 2025-26 due to the net loss incurred.