Key Quantitative Figures

  • Revenue from Operations (FY26): ₹59,217.56 Lakhs
  • Total Income (FY26): ₹59,274.18 Lakhs
  • Profit Before Tax (FY26): ₹2,213.44 Lakhs
  • Net Profit for the year (FY26): ₹1,668.72 Lakhs
  • Total Comprehensive Income (FY26): ₹1,649.65 Lakhs
  • Earnings Per Share (EPS) (FY26): ₹3.63
  • Equity Share Capital: ₹459.43 Lakhs
  • Dividend Declared: ₹0.22 per equity share of face value Re. 1/- each for FY26.

Dates of Action

  • Board Meeting: Held on May 27, 2026, from 3:45 P.M. to 7:00 P.M.
  • Dividend Effective: Subject to approval at the ensuing Annual General Meeting (AGM).
  • Director Reappointments: Effective from various dates in 2026 and 2027 for 3-year terms.
  • Auditor Reappointments: Effective from May 27, 2026, for the financial year 2026-27.

Parties Involved

  • Statutory Auditors: PHD & Associates (Firm Registration No. 111236W)
  • Internal Auditors: M/s. BD G & Co., LLP
  • Cost Auditors: M/s. B. F. Modi & Associates, Cost Accountants
  • Directors Reappointed: Mr. Tarak Jayantilal Sanghavi (DIN:00519403), Mr. Rajendra J. Sanghavi (DIN:00245637), Mr. Umesh J. Sanghavi (DIN:00491220)
  • Chief Financial Officer: Mrs. Anita Sanghavi

Purpose / Rationale

The Board meeting was held to approve the annual financial results, declare a dividend, and reappoint key managerial personnel and auditors for the continued operation and governance of the company.

Financial & Operational Impact

  • The dividend declaration will result in a cash outflow upon shareholder approval.
  • The reappointments have no immediate financial impact but ensure management and audit continuity.
  • An exceptional item of ₹36.56 Lakhs was recorded in Q3 FY26 for a one-time increase in gratuity liability due to new Labour Codes.
  • A tax liability of ₹70.50 Lakhs under the Deferred Sales Tax scheme was written back as it was deemed no longer payable.

Capital Structure Impact

No change to the equity share capital of ₹459.43 Lakhs was reported. The dividend is an appropriation of profits.

Key Notes from Financial Statements

1. Accounting Policy Change: Effective April 1, 2025, the company changed its inventory valuation method from FIFO to Weighted Average for Raw/Packing Materials and to Standard Cost for other materials. This change was applied retrospectively.

  • Impact on FY25 Profit: Decreased by ₹21.22 Lakhs.
  • Impact on Opening Equity (01-Apr-2024): Decreased by ₹44.76 Lakhs.

2. Segment Reporting: The trading segment was scaled down and no longer qualifies as a reportable segment. The company now has a single reportable segment: manufacturing of adhesives, binders, emulsions, chemicals, monomers, and solvents.

3. Auditor's Report: The statutory auditors, PHD & Associates, issued an unmodified opinion on the audited standalone financial results.

Declarations

  • A declaration confirms the statutory auditors issued an unmodified opinion on the financial results (Regulation 33(3)(d)).
  • A separate declaration by the Managing Director and CFO confirms the financial statements contain no false or misleading statements (Regulation 33(2)(a)).

Enclosures

The filing included the following documents:

  • a. Audited Standalone Financial Results for the quarter and year ended March 31, 2026.
  • b. Auditors' Report on the Audited Standalone Financial Results.
  • c. Declaration for unmodified audit opinion.
  • Annexure I: Disclosures for reappointment of Directors.
  • Annexure II: Disclosures for reappointment of Internal and Cost Auditors.
  • Profiles for BD G & Co., LLP and B. F. Modi & Associates.