Key Financial Figures (FY26)

  • Total Income: ₹106.41 crore (FY25: ₹102.72 crore)
  • Net Profit: ₹27.66 crore (FY25: ₹25.47 crore)
  • EBITDA Margin: 33.86% (FY25: 33.06%)
  • PAT Margin: 25.99% (FY25: 24.79%)
  • ROCE: 32.22% (FY25: 38.03%)
  • ROE: 23.82% (FY25: 28.26%)
  • EPS: ₹7.51 (FY25: ₹6.91)
  • Cash Flow from Operations: ₹23.89 crore (FY25: ₹30.70 crore)
  • Exports as % of Revenue: 32.39% (FY25: 26.57%)

Dividend Declaration

  • Recommended final dividend of ₹0.50 per equity share (5% on face value of ₹10)
  • Dividend amount: ₹185.40 lakhs subject to TDS
  • Payment date: On or before 30 days from AGM date

Annual General Meeting Details

  • Date: September 16, 2026
  • Time: 11:00 AM
  • Mode: Video Conferencing/Other Audio Visual Means
  • Venue: Block no. 353, Village: Ekalbara, Taluka: Padra, District: Vadodara 391440

AGM Agenda

Ordinary Business

1. Adoption of audited standalone financial statements for FY26

2. Declaration of final dividend of ₹0.50 per share

3. Re-appointment of Mr. Jogindersingh Jaswal (DIN: 02385809) as director retiring by rotation

Special Business

4. Ratification of remuneration of ₹90,000 plus taxes to M/s. Diwanji & Associates as Cost Auditors for FY27

Corporate Actions

  • Book Closure: September 10-16, 2026 (both days inclusive)
  • Cut-off Date: September 9, 2026 for e-voting
  • Remote e-voting period: September 13-15, 2026 (9:00 AM to 5:00 PM)
  • Scrutinizer: Mr. Devesh A Pathak of M/s. Devesh Pathak & Associates

Director Details (Mr. Jogindersingh Jaswal)

  • Age: 59 years
  • DIN: 02385809
  • Date of Appointment: September 1, 2025 (current tenure)
  • Experience: 37 years
  • First Appointment: November 18, 2008
  • Expertise: Production, quality control & assurance, human resources
  • Qualification: B.Sc
  • Shareholding: 26.39%
  • Remuneration: ₹132 lakhs per annum
  • Board Meetings Attended: 6 out of 7

Manufacturing Capacity and Facilities

  • Portfolio of about 185 products including Excipients, High Purity Reagents, Pharmaceutical chemicals
  • Facilities certified with FSSC 22000, GMP, GLP, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
  • Products certified KOSHER and HALAL where applicable
  • Manufacturing facilities located at Padra taluka, Vadodara district
  • Unit IV at Dahej in development phase with all permissions obtained

Dahej Unit Development

  • Obtained all required permissions from local and state departments (CETP, BEIL, GEB, GIDC)
  • Environmental clearance obtained from Central Government
  • Production expected to start in coming two years, full functionality in three years
  • Work delayed due to unforeseen circumstances

Corporate Social Responsibility

  • CSR Expenditure FY26: ₹57.53 lakhs
  • CSR Committee: Mr. Ketan Ramani (Chairman), Mr. Parth Shah, Mr. Jogindersingh Jaswal
  • Focus Areas: Promotion of Education, Animal Welfare, National Heritage and Art
  • Recipients: Little Flowers Education Trust, Shri Mahavira Jaina Vidyalaya, PM Care Fund, Param Welfare Foundation, Shri Vadodara Panjarapole, Mahavir Foundation Trust, Kshatriya Seva Samaj, Akshay Patra Foundation

Auditor Appointments

  • Statutory Auditors: M/s. Mahesh Udhwani and Associates (FRN: 129738W) appointed till 20th AGM in 2029
  • Cost Auditors: M/s. Diwanji & Associates (Registration Number 000318) for FY27 at ₹90,000 plus taxes
  • Internal Auditors: M/s. Jaimin & Associates (FRN: 127346W) for FY27
  • Secretarial Auditors: M/s. Devesh Pathak & Associates (FRN S2018GJ621500) for period FY26-FY30

Board Composition

  • Total Directors: 6
  • Executive Directors: 3 (Chairman & MD + 2 Whole-time Directors)
  • Non-Executive Independent Directors: 3 (including one woman director)
  • Board Meetings: 7 meetings held during FY26

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 74.18%
  • Public: 25.82%
  • Total Shares: 3,71,04,000 equity shares of ₹10 each
  • Market Lot: 1 share

Key Ratios and Metrics

  • Fixed Asset Turnover: 3.52 (FY25: 3.60)
  • Cash Conversion Cycle: 83 days (FY25: 77 days)
  • Net Worth: ₹11,612.71 lakhs (FY25: ₹9,010.50 lakhs)
  • Current Ratio: 7.60 (FY25: 7.28)
  • Quick Ratio: 6.80 (FY25: 6.55)
  • Working Capital: ₹6,847.60 lakhs

Foreign Exchange Details

  • Foreign Exchange Earnings: ₹3,080.74 lakhs (FY25: ₹2,639.85 lakhs)
  • Foreign Exchange Outgo: ₹33.31 lakhs (FY25: ₹55.01 lakhs)
  • Import of Raw Material: ₹14.97 lakhs (FY25: ₹46.49 lakhs)

Other Significant Information

  • No material changes or commitments affecting financial position post year-end
  • No significant orders passed by regulators/courts impacting going concern status
  • No fraud reported by auditors under Section 143(12)
  • Company compliant with applicable Secretarial Standards
  • No subsidiary, joint venture or associate companies
  • No deposits accepted during the year
  • Vigil mechanism and POSH policy in place