Annual General Meeting Details

  • Meeting Date: Thursday, September 24, 2026
  • Time: 12:30 p.m. (IST)
  • Mode: Video Conferencing/Other Audio-Visual Means without physical presence of members
  • Record Date: Thursday, September 17, 2026
  • e-Voting Period: September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM)
  • Scrutinizer: Mr. Rishit Shah, Proprietor of Rishit Shah & Co., Practicing Company Secretaries

Business Items for AGM

Ordinary Business:

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Appointment of Mr. Mohd Sopin Peerzade (DIN: 11142143) as director liable to retire by rotation

Special Business:

3. Ratification of payment of remuneration of ₹1,00,000 plus GST to M/s. B. F. Modi & Associates, Cost Auditors for FY 2026-27

4. Approval of material Related Party Transactions with Multibase S.A. (Promoter/Holding Company) for aggregate value not exceeding ₹30,00,00,000 for FY 2027-28

Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹6,657.04 lakhs (FY 2024-25: ₹7,074.87 lakhs) - decrease of 5.91%
  • Other Income: ₹364.84 lakhs (FY 2024-25: ₹605.78 lakhs)
  • Profit Before Tax: ₹1,393.80 lakhs (FY 2024-25: ₹1,969.39 lakhs)
  • Profit After Tax: ₹1,042.75 lakhs (FY 2024-25: ₹1,465.49 lakhs)
  • Total Comprehensive Income: ₹1,041.11 lakhs (FY 2024-25: ₹1,461.46 lakhs)
  • Dividend Declared: Nil (FY 2024-25: ₹7,067.20 lakhs)
  • Gross Margin: 35.80% (FY 2024-25: 37.90%)

Capital Structure

  • Authorized Share Capital: ₹13,00,00,000 (1,30,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹12,62,00,000 (1,26,20,000 equity shares of ₹10 each)
  • No changes in share capital during the year

Related Party Transactions

  • Transactions with Multibase S.A. (Holding Company):
  • FY 2025-26 Purchase of materials: ₹13.04 crore
  • Current year (up to quarter preceding approval): ₹4.32 crore
  • Proposed approval for FY 2027-28: ₹30 crore
  • Relationship: Promoter/Holding Company with 75% shareholding
  • Nature: Purchase and sale of goods and miscellaneous reimbursement
  • Basis: Arm's length pricing, ordinary course of business

Board and Management Changes

Appointments:

  • Mr. Mohd Sopin Peerzade appointed as Additional Director (Non-Executive, Non-Independent) w.e.f. August 25, 2025
  • Mr. Vimal Mishra appointed as Additional Director (Non-Executive, Non-Independent) w.e.f. May 22, 2026

Resignations:

  • Mr. Krishan Kumar Phophalia resigned w.e.f. August 25, 2025 (change of role and responsibilities)
  • Mr. Jason Galinski resigned w.e.f. March 31, 2026 (change in role within DuPont)

Key Managerial Personnel

  • Mr. Pankajkumar Holani - Managing Director
  • Mr. Ashish Bhatt - Chief Financial Officer
  • Ms. Parmy Kamani - Company Secretary & Compliance Officer

Auditor Appointments

  • Statutory Auditors: M S K A & Associates LLP (appointed for 5 years from 32nd AGM until 37th AGM in 2028)
  • Secretarial Auditors: Dhrumil M. Shah & Co. LLP (appointed for 5 years from 34th AGM until 39th AGM in 2030)
  • Cost Auditors: M/s. B. F. Modi & Associates for FY 2026-27
  • Internal Auditors: M/s. Mukund & Rohit, Chartered Accountants

Corporate Governance

  • Board Composition: 6 Directors (1 Managing Director, 3 Non-Executive Independent Directors, 2 Non-Executive Non-Independent Directors)
  • Board Meetings: 5 meetings held during FY 2025-26
  • Committee Meetings: Audit Committee (4), Nomination and Remuneration Committee (2), Stakeholders Relationship Committee (1)
  • Whistle Blower Policy: No complaints received during the year
  • Prevention of Sexual Harassment: No complaints received during the year

CSR Initiatives

  • CSR Expenditure: ₹31.91 lakhs (FY 2024-25: ₹24.56 lakhs)
  • Projects Supported:
  • Project Prayas (school for disabled children)
  • Project Unnati (Women empowerment)
  • CSR Committee: Mr. B. Renganathan (Chairman), Ms. Bharti Dhar, Mr. Mohd Sopin Peerzade

Operational Highlights

  • Successfully commenced production of second traded product at Daman plant under localization project
  • Revenue decrease primarily due to lower sales of Silicone Masterbatch products and shift in customer base
  • Interest income decreased to ₹274.46 lakhs from ₹499.80 lakhs due to lower fixed deposit balances post dividend payout
  • Foreign exchange earnings: ₹544.80 lakhs (FY 2024-25: ₹355.49 lakhs)
  • Foreign exchange outgo: ₹2,297.77 lakhs (FY 2024-25: ₹3,209.72 lakhs)

Risk Factors

  • Imported raw material dependence
  • Input cost volatility
  • Foreign exchange fluctuations
  • Supply chain disruptions
  • Customer concentration
  • Competitive pressures

Contingent Liabilities

  • Income Tax matters: ₹8.35 lakhs (disallowance of expenses for AY 2023-24 - ₹6.53 lakhs under appeal; Section 154 addition - ₹1.82 lakhs)
  • Service Tax matter: ₹1.62 lakhs (CENVAT credit eligibility issue for period Jan-Sept 2010)

Important Dates

  • Book Closure: September 18, 2026 to September 24, 2026
  • Dividend Payment Date: No dividend declared
  • Next Financial Results: Quarter ending June 30, 2026 - on or before August 14, 2026

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 75.00% (Multibase S.A.)
  • Public: 25.00%
  • Dematerialized Shares: 96.39%
  • Physical Shares: 3.61%

Registered Office and Contacts

  • Address: 74/5-6, Daman Industrial Estate, Kadaiya Village, Nani Daman - 396210 (U.T.)
  • RTA: MUFG Intime India Private Limited

#Tags: #MultibaseIndia #AGM2026 #AnnualReport #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Neutral