Key Quantitative Figures

Financial Performance FY 2025-26:

  • Revenue from Operations: ₹7,886.68 crores (1.05% growth YoY)
  • EBITDA: ₹660.52 crores (8.38% margin)
  • Profit Before Tax (PBT): ₹488.16 crores (6.19% margin)
  • Profit After Tax (PAT): ₹366.88 crores (4.65% margin)
  • Earnings Per Share (EPS): ₹14.12
  • Book Value Per Share: ₹167.78

Dividend Information:

  • Recommended Dividend: ₹3.00 per share (60% on face value of ₹5)
  • Total Dividend Outflow: ₹779.68 lakhs
  • Record Date: August 17, 2026
  • Payment Date: On or after August 28, 2026

Capital Structure:

  • Paid-up Equity Share Capital: ₹1,299.46 lakhs (25,989,200 shares of ₹5 each)
  • Reserves and Surplus: ₹4,360.54 crores
  • Total Shareholders' Funds: ₹4,490.49 crores

Investments and Capex:

  • Capital Work-in-Progress: ₹614.83 lakhs (capacity enhancement projects)
  • Capital Expenditure During Year: ₹2,433 lakhs
  • Solar Power Capacity Addition: 5.2 MW

Dates and Timelines

AGM Details:

  • AGM Date: August 24, 2026
  • AGM Time: 4:00 PM IST
  • AGM Mode: Video Conferencing/Other Audio Visual Means
  • Book Closure: August 18-24, 2026 (both days inclusive)

E-Voting Schedule:

  • Commencement: August 21, 2026 at 9:00 AM IST
  • Closing: August 23, 2026 at 5:00 PM IST
  • Cut-off Date: August 17, 2026

Parties Involved

Board of Directors:

  • Chairman & Managing Director: Satyanarayan G. Kabra
  • Vice-Chairman & Managing Director: Varun S. Kabra (seeking reappointment)
  • Other Directors: Jyoti V. Kabra, Rahul R. Rathi, Meena S. Agrawal, Dharmendra K. Gandhi, Surendra S. Gupta

Auditors:

  • Statutory Auditors: M/s. Kirtane & Pandit LLP
  • Secretarial Auditors: M/s. Bhandari & Associates
  • Cost Auditors: M/s. Urvashi Kamal Mehta & Co. (remuneration ₹1,18,000 + taxes)
  • Internal Auditors: M/s. Chhajed & Doshi

Registrar & Share Transfer Agent:

MUFG Intime India Private Limited (formerly Link Intime India Private Limited)

AGM Agenda Items

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Declaration of final dividend @ 60% (₹3.00 per share)

3. Reappointment of Varun S. Kabra as director retiring by rotation

Special Business:

4. Reappointment of Varun S. Kabra as Vice-Chairman & Managing Director for 5 years (August 1, 2026 to July 31, 2031) with remuneration comprising:

  • Basic Salary: ₹5,00,000 per month
  • Annual increment: Up to 20% of basic salary
  • Perquisites: Limited to annual salary amount
  • Total remuneration for FY26: ₹103.37 lakhs

5. Ratification of cost auditor remuneration

Financial and Operational Impact

Capital Structure Impact:

  • Dividend payment will reduce reserves by ₹779.68 lakhs
  • No change in share capital structure

Operational Highlights:

  • Revenue growth despite raw material price volatility
  • Strategic capex of ₹2,433 lakhs for capacity enhancement
  • 5.2 MW solar power capacity addition
  • R&D expenditure: ₹424.90 lakhs (revenue expenditure)

Contingent Liabilities:

  • Tax disputes: ₹274.88 crores (excluding interest and penalty)
  • Letter of Credit & Bills of Exchange: ₹238.42 lakhs
  • Bank guarantees: ₹829.61 lakhs

Corporate Governance

Board Composition:

  • 7 directors total (2 executive, 1 non-executive non-independent, 4 independent)
  • 4 board meetings held during FY26
  • Board evaluation conducted annually

Committee Structure:

  • Audit Committee: 4 meetings
  • Nomination and Remuneration Committee: 1 meeting
  • Stakeholders Relationship Committee: 1 meeting
  • CSR Committee: 1 meeting
  • Risk Management Committee: 2 meetings

Dividend Distribution Policy

The company has a dividend distribution policy available on its website aimed at maintaining a positive approach to dividend payout plans while considering future capex requirements and liquidity position.