Company Overview

The Phosphate Company Limited (CIN: L24231WB1949PLC017664) is a listed company engaged in manufacturing and trading of farm inputs comprising fertiliser, crop protection, specialty nutrients, acids and organic compost. Manufacturing unit is located at Rishra, West Bengal. Shares listed on BSE Limited (Scrip Code: 542123) and Calcutta Stock Exchange Limited (Scrip Code: 26031).

Financial Highlights (FY 2025-26 vs FY 2024-25)

  • Gross Revenue: ₹149.17 Crores (↑8% from ₹137.77 Crores)
  • EBITDA: ₹10.56 Crores (↑21% from ₹8.70 Crores)
  • PAT: ₹4.52 Crores (↑31% from ₹3.46 Crores)
  • EPS: ₹12.53 (↑31% from ₹9.60)
  • Equity Share Capital: ₹3.60 Crores (36,07,480 equity shares of ₹10 each)
  • Total Assets: ₹152.68 Crores (↑ from ₹126.48 Crores)
  • Total Equity: ₹92.18 Crores (↑ from ₹87.87 Crores)

Production & Operations

  • Production of Green Single Super Phosphate (SSP): 75,890 MT (↑3% YoY)
  • Sales of SSP (powder and granulated): 77,458 MT (↑6% YoY)
  • Raw material cost: ₹92.02 Crores (↑ from ₹74.81 Crores)
  • Foreign exchange outgo for raw materials: ₹60.75 Crores

Subsidy Information

  • Nutrient-Based Subsidy (NBS) for H1 FY25-26: ₹7,263 per MT
  • NBS revised upward for H2 FY25-26: ₹7,408 per MT
  • NBS announced for H1 FY26-27: ₹8,149 per MT
  • Subsidy receivable from Central Government: ₹5.12 Crores (↑ from ₹2.53 Crores)

Product Diversification

Expanded range of Specialty Nutrient, Crop Protection Chemicals and Seeds under SAMADHAN brand. Marketing imported Di-Ammonium Phosphate (DAP) to enhance crop nutrition solutions portfolio.

Dividend Recommendation

Board recommends final dividend of 20% (₹2.00 per equity share of ₹10 each) for FY25-26. Total dividend payout: ₹72.15 lakh. Record date: September 16, 2026. No amount proposed to be transferred to General Reserves.

Board of Directors (as on March 31, 2026)

  • Shri Binod Khaitan (DIN: 00128502) - Non-Executive, Non-Independent Director
  • Shri Hemant Bangur (DIN: 00040903) - Non-Executive, Non-Independent Director
  • Smt. Sonali Sen (DIN: 00451839) - Non-Executive, Independent Woman Director
  • Shri Gautam Bhattacharya (DIN: 10834784) - Non-Executive, Independent Director
  • Shri Ajay Bangur (DIN: 00041711) - Executive Director & CEO

Director Appointments/Re-appointments

  • Shri Ajay Bangur retires by rotation and offers himself for re-appointment
  • Seeking special resolution for continuation of Shri Gautam Bhattacharya as Independent Director
  • Board met four times during FY25-26 (April 30, July 31, October 31, 2025; January 30, 2026)

Key Managerial Personnel

  • Shri Ajay Bangur - Executive Director & CEO
  • Shri Nanda Kishore Kabra - Chief Financial Officer
  • Shri Shankar Banerjee - Deputy Company Secretary & Compliance Officer

Auditor Appointments

  • Statutory Auditors: M/s S.K. Agrawal and Co, Chartered Accountants LLP (until 79th AGM in 2027)
  • Cost Auditors: M/s S. Gupta & Co, Cost Accountants (remuneration ₹17,500 + taxes for FY26-27)
  • Internal Auditors: M/s Batliboi Purohit & Darbari, Chartered Accountants
  • Secretarial Auditor: CS Ajay Kumar Agarwal of M/s Agarwal A & Associates (5-year term from FY25-26)

Capital Structure & Shareholding

  • Equity Share Capital: ₹3.60 Crores (unchanged during year)
  • Dematerialized shares: 95.95% of total equity
  • Promoter holding: 70.42% (25,39,883 shares)
  • Major shareholders: Madhav Trading Corpn. Ltd. (10.39%), Nikate Khaitan (7.89%), Shrivats Khaitan (6.40%)

Credit Rating

Acuite Ratings & Research Limited reaffirmed:

  • BBB-/Stable for fund-based working capital and term loan facilities
  • A3+ for non-fund-based working capital facilities

Corporate Social Responsibility

  • CSR expenditure: ₹5.40 lakh
  • Contribution to Human Development Centre for OCT machine and air-conditioners for Joynagar Eye Hospital
  • CSR obligation for FY25-26: ₹5.39 lakh
  • Average net profit for CSR calculation: ₹4.68 Crores

Employee Information

  • Permanent staff: 46 employees (↓ from 49 previous year)
  • Employee benefit expenses: ₹5.78 Crores
  • Gratuity obligation: ₹2.91 Crores
  • Leave encashment provision: ₹1.12 Crores

Risk Management

Comprehensive risk management framework in place. No risks identified that threaten company's existence. Internal audit function reports to Audit Committee.

Internal Financial Controls

Adequate internal financial controls system operating effectively. No material weaknesses reported.

Related Party Transactions

All transactions conducted on arm's length basis. Outstanding loans from related parties: ₹10.30 Crores. Interest paid to related parties: ₹1.75 Crores.

Energy Conservation

  • Maintained power factor above 0.98 using capacitor bank
  • Phase-wise replacement with LED lamps
  • Exploring solar power implementation

Forward Outlook

Raw material prices remain key concern due to geopolitical tensions. Plans to expand SAMADHAN brand with additional seed varieties and widen SNPC portfolio. Strengthen distribution network to capture agri-input market opportunities.

Annexures Included

I. Secretarial Audit Report (No qualifications)

II. Management Discussion & Analysis

III. Nomination & Remuneration Policy

IV. SEBI LODR Schedule V Disclosures

V. CSR Report

VI. Employee Remuneration Disclosures

VII. Financial Statements with Auditor's Report

AGM Details

  • Date: September 23, 2026
  • Time: 11:30 AM IST
  • Mode: Video Conferencing/Audio Visual Means
  • Business: Adoption of accounts, dividend declaration, director appointments, auditor remuneration ratification