Corrigendum to Annual Report and Financial Disclosures FY 2025-26

Document Dates: July 27, 2026 (Corrigendum) and May 20, 2026 (Financial Statements)

Corrigendum and Compliance

Mysore Petro Chemicals issued a corrigendum to its originally submitted Annual Report for FY 2025-26, correcting inadvertent typographical errors:

  • Page 148, Note 29: Amount '₹807.57 lakhs' corrected to '₹867.97 lakhs'
  • Pages 150-151: Date 'As at 31st March, 2025' corrected to 'As at 31st March, 2026'

The revised Annual Report was disseminated electronically to all shareholders. The company confirmed compliance with various statutory requirements including no Benami properties, no crypto currency transactions, and no wilful defaulter status.

Financial Performance Turnaround (₹ lakhs)

The company demonstrated significant improvement in FY26:

| Metric | FY 2025-26 | FY 2024-25 | Change |

| Total Revenue | 6,460.28 | 4,642.59 | +39.15% |

| Net Profit/(Loss) | 439.59 | (766.47) | Turnaround |

| EPS (₹) | 6.68 | (11.64) | Turnaround |

Key Ratios: Net Profit Margin improved to 8.42% from -22.89%, while Return on Equity reached 4.51% from -7.61%. The Current Ratio declined to 1.62 from 3.98 due to increased trade payables.

Dividend and AGM

  • Recommended 20% dividend (₹2 per equity share) totaling ₹131.67 lakhs
  • 56th AGM scheduled for August 11, 2026 via Video Conferencing
  • Agenda includes adoption of financial statements, dividend declaration, and re-appointment of Director Nikunj Dhanuka

Investment Portfolio and Associate Company

  • Fair Value Investments: ₹7,737.58 lakhs across equity shares (Level 1: ₹255.59 lakhs), debentures/AIF/mutual funds (Level 2: ₹6,371.58 lakhs), and unquoted equity (Level 3: ₹1,110.41 lakhs)
  • Associate Investment: 13.23% holding in I G Petrochemicals Limited with carrying value of ₹13,406.80 lakhs
  • Share of associate's net loss: ₹378.14 lakhs for FY26 (compared to profit of ₹1,132.43 lakhs in FY25)
  • Dividend received from associate: ₹407.50 lakhs

Operational and Segment Details

  • Single reportable segment: Trading of organic and inorganic chemicals
  • Customer Concentration: Revenue from 3 major customers totaled ₹3,721.44 lakhs (57.6% of total revenue)
  • Trade Receivables: ₹2,378.43 lakhs, predominantly not due (₹2,335.99 lakhs)
  • Trade Payables: ₹2,579.59 lakhs, with MSME dues of ₹3.30 lakhs

Subsidiary and Contingent Liabilities

  • Q C Polymer Limited (erstwhile subsidiary) entered Creditors' Voluntary Liquidation during the year
  • Contingent Liabilities: ₹1,555.63 lakhs from disputed labor tribunal award (stayed by Karnataka High Court) and ₹23.98 lakhs from disputed taxation matter

Corporate Governance

  • Board changes: Uma Acharya ceased as Independent Director; Saurabh Pandit appointed as Company Secretary
  • Statutory Auditors RMJ & Associates LLP continued without qualifications
  • Shareholding: Promoters hold 72.99%, public 27.01%, with 98.52% shares in dematerialized form

The company maintained compliance with corporate governance requirements and reported no material changes affecting financial position between year-end and report date.