Key Financial Figures (FY 2025-26 vs FY 2024-25)
- Revenue from Operations: ₹239.68 crore (previous year: ₹207.84 crore) - 15.32% increase
- Other Income: ₹3.79 crore (previous year: ₹0.67 crore)
- EBITDA: ₹44.25 crore (previous year: ₹31.98 crore) - 38.37% increase
- Profit Before Tax: ₹33.60 crore (previous year: ₹21.84 crore)
- Profit After Tax: ₹24.76 crore (previous year: ₹51.35 crore)
- Deferred Tax: ₹8.91 crore expense (previous year: ₹29.51 crore income)
- No dividend recommended for FY 2025-26
- Paid-up Equity Share Capital: ₹66.73 crore comprising 13,34,68,005 equity shares of ₹5 each
AGM Details
- Date: September 25, 2026
- Time: 11:00 AM IST
- Mode: Video Conferencing/Other Audio Visual Means (OAVM)
- Cut-off date for e-voting: September 18, 2026
- Remote e-voting period: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)
Agenda Items
Ordinary Business
1. Adoption of audited financial statements for FY ended March 31, 2026
2. Reappointment of Ms. Vandana C. Patel (DIN: 07010646) who retires by rotation
Special Business
3. Reappointment of Shri Hemal R. Shah (DIN: 07338419) as Whole-Time Director for 3 years from November 27, 2026, with remuneration of ₹51.88 lakh per annum
4. Ratification of remuneration of ₹60,000 per annum plus applicable taxes to M/s Maulin Shah & Associates as Cost Auditor for FY 2026-27
Corporate Actions
- No shares issued with differential voting rights during the year
- No stock options or sweat equity granted
- Holding company: Nirma Chemical Works Private Limited
- Wholly-owned subsidiary: Shree Rama (Mauritius) Limited (defunct since 2005)
Director Changes
- Shri Anuj J. Desai appointed as Independent Director from April 30, 2025 to April 29, 2030
- Shri Mittal K. Patel re-designated as Non-Executive Independent Director from April 30, 2025 to April 29, 2030
- Shri Shalin S. Patel ceased as Independent Director on February 8, 2026, and appointed as Non-Executive Non-Independent Director
Key Managerial Personnel
- Managing Director: Shri Shailesh K. Desai
- Whole-Time Director: Shri Hemal R. Shah
- CFO: Shri Krunal Shah (appointed w.e.f. November 13, 2025)
- Company Secretary: Mr. Mirtunjay S. Mishra (appointed w.e.f. April 9, 2025)
Auditor Information
- Statutory Auditor: M/s Mahendra N. Shah & Co. (FRN: 105775W) - appointed until 33rd AGM
- Secretarial Auditor: M/s Chirag Shah & Associates - appointed for 5 years from FY 2025-26
- Cost Auditor: M/s Maulin Shah & Associates (FRN: 101527) for FY 2026-27
Contingent Liabilities
- Income tax penalties: ₹235.56 lakh (under appeal)
- Excise and service tax disputes: ₹30.12 lakh
- Corporate guarantees: ₹400.00 lakh
- Bank guarantees: ₹128.25 lakh
- Custom duty liabilities: ₹664.07 lakh
Foreign Exchange
- Foreign exchange earned: ₹402.53 lakh
- Foreign exchange outgo: ₹481.98 lakh
Shareholding Pattern
- Promoters' holding: 61.57%
- Public holding: 38.43%
- Shares in demat form: 97.38%
Important Notes
- The company has not consolidated accounts of Shree Rama (Mauritius) Limited due to non-availability of financial information since 2003
- The subsidiary became defunct in 2005 and full provision for diminution in investment value has been made
- The company is regularizing past Overseas Direct Investment compliances with its Authorized Dealer Bank