Financial Performance Highlights

  • Total Income: ₹27,820.88 lakh (FY26) vs ₹22,048.03 lakh (FY25) - 79.25% increase
  • Revenue from Operations: ₹27,760.69 lakh (FY26) vs ₹22,016.15 lakh (FY25)
  • Other Income: ₹601.96 lakh (FY26) vs ₹318.80 lakh (FY25)
  • Total Expenses: ₹26,752.43 lakh (FY26) vs ₹21,391.82 lakh (FY25)
  • Profit Before Tax: ₹1,068.45 lakh (FY26) vs ₹656.21 lakh (FY25)
  • Tax Expenses: ₹290.51 lakh (Current: ₹288.00 lakh, Prior Years: ₹25.12 lakh, Deferred: ₹(2.73) lakh)
  • Net Profit After Tax: ₹778.21 lakh (FY26) vs ₹481.14 lakh (FY25) - 61.82% increase
  • Earnings Per Share: ₹49.61 (FY26) vs ₹30.67 (FY25)

Business Overview

The Company operates as a value-adding distribution partner, importing and distributing hydrocarbon solvents and specialty chemicals including Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates. These products serve industries like paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals, and specialty industrial chemicals.

Capital Structure

  • Authorized Share Capital: ₹25,00,00,000 divided into 2,50,00,000 Equity Shares of ₹10 each
  • Paid-Up Equity Share Capital: ₹23,17,22,720 divided into 2,31,72,272 Equity Shares of ₹10 each
  • No changes in share capital during the year

Dividend and Reserves

  • No dividend recommended for financial year 2025-26
  • Entire profit of ₹778.21 lakh transferred to General Reserves

Board and Management Changes

  • Mr. Rajen Hemchand Gada (DIN: 01642360) resigned as Independent Director on February 11, 2026
  • Mrs. Shruti Vyas appointed as Additional Independent Director effective May 27, 2026
  • Mr. Rakesh Todkari appointed as Company Secretary and Compliance Officer effective March 13, 2026
  • Mr. Hemanshu Shyamsundar Chokhani retiring by rotation and seeking re-appointment

Regulatory and Compliance Matters

  • OFAC Compliance: Company continues process for removal from OFAC list maintained by U.S. Department of Treasury
  • MCA Filing Issue: Despite order dated February 18, 2026, MCA portal not enabling filing of Form DIR-12 (SRN AB9033682)
  • SEBI Compliance: Implemented SEBI-compliant PIT Software (Structured Digital Database)
  • Secretarial Audit: Observation regarding PIT software implementation addressed

Related Party Transactions

All transactions with related parties were in ordinary course of business on arm's length basis. Material transactions included:

  • Directors' Remuneration: ₹96.00 lakh total to four directors
  • Interest on Loans: ₹76.85 lakh to various related parties
  • Loan Repayments: ₹6,669.37 lakh to various related parties
  • Rent Paid: ₹12.60 lakh to Manju Devi Chokhani

Corporate Social Responsibility

  • CSR Obligation: ₹85.30 lakh (2% of average net profit)
  • CSR Spent: ₹85.50 lakh on various initiatives including:
  • Animal welfare: ₹20.00 lakh through Shri Giri Govardhan Trust
  • Education & literacy: ₹30.00 lakh through Human Welfare Foundation
  • Social welfare: ₹15.00 lakh through Shree Kutchi Lal Rameshwar Ashram
  • Medical relief: ₹20.50 lakh through Raginiben Bipinchandra Seva Karya Trust

Key Financial Ratios

  • Current Ratio: 1.80 (FY26) vs 1.51 (FY25)
  • Debt-Equity Ratio: 1.71 (FY26) vs 1.23 (FY25)
  • Net Profit Margin: 2.80% (FY26) vs 2.19% (FY25)
  • Return on Equity: 20.94% (FY26) vs 18.30% (FY25)
  • Inventory Turnover: 4.32 (FY26) vs 4.47 (FY25)
  • Trade Receivables Turnover: 5.52 (FY26) vs 7.03 (FY25)

Foreign Exchange Transactions

  • Foreign Currency Earnings: ₹102.43 lakh (FY26) vs ₹273.84 lakh (FY25)
  • CIF Value of Imports: ₹14,747.17 lakh (FY26) vs ₹12,827.83 lakh (FY25)
  • Foreign Exchange Outgo: ₹14,871.43 lakh (FY26) vs ₹12,962.91 lakh (FY25)

AGM Matters

21st Annual General Meeting scheduled for September 28, 2026 to consider:

1. Adoption of financial statements

2. Re-appointment of Mr. Hemanshu Chokhani as Whole-time Director

3. Regularization of Mrs. Shruti Vyas as Independent Director

4. Continuation of Mr. Shyamsunder Chokhani as Whole-time Director post age 70

Other Material Information

  • Company changed Registrar and Transfer Agent to Bigshare Services Private Limited post March 2026
  • No material changes or commitments affecting financial position since year-end
  • No frauds reported by auditors
  • No defaults in repayment of loans from banks and financial institutions
  • No pending insolvency proceedings under IBC 2016