Sreechem Resins FY26 Net Loss Narrows to ₹22.92 Lakh

Key Financial Figures (₹ Lakhs)

Financial Performance Comparison

| Particulars | FY 2025-2026 | FY 2024-2025 | Change |

| Revenue from Operations (Net) | 2975.33 | 3550.25 | (16.19%) |

| Other Income | 28.76 | 16.42 | 75.15% |

| Total Income | 3004.09 | 3566.67 | (15.77%) |

| Total Expenses | 3034.42 | 3618.71 | (16.15%) |

| Profit Before Tax & Extraordinary Items | (30.33) | (52.04) | 41.72% |

| Tax Expense: Current Tax | - | - | - |

| Tax related to earlier years | (0.28) | (7.03) | 96.02% |

| Deferred Tax Liability/(Assets) | 7.69 | 22.17 | (65.31%) |

| Net Profit/(Loss) for the Year | (22.92) | (36.90) | 37.89% |

Key Balance Sheet Figures (as of March 31, 2026)

Equity Share Capital: ₹420.00 lakhs (42,00,000 shares of ₹10 each)
Other Equity: ₹986.38 lakhs
Total Equity: ₹1,406.38 lakhs
Borrowings (Current): ₹285.15 lakhs (secured)
Total Assets: ₹1,766.56 lakhs
Inventories: ₹500.27 lakhs
Trade Receivables: ₹403.60 lakhs
Cash & Cash Equivalents: ₹7.17 lakhs

Market Capitalization Details

| Market Value per share | ₹29.73 | ₹37.05 | (19.76%) |

| No. of Shares | 42,00,000 | 42,00,000 | - |

| Market Capitalization | ₹12,48,66,000 | ₹15,56,10,000 | (19.76%) |

| EPS | (₹0.55) | (₹0.88) | 37.50% |

| Price Earnings ratio | (54.05) | (42.10) | (28.39%) |

Operational Review

The Company narrowed its net loss to ₹22.92 lakhs from ₹36.90 lakhs in the previous year, reflecting cost rationalization and operational discipline. Revenue from operations declined to ₹2975.33 lakhs from ₹3550.25 lakhs due to subdued order inflows for specialty chemicals products used in various grades of Coal and Coke, impacted by continued volatility in global coal prices.

Newer product lines developed through in-house R&D over the last 4-5 years are yet to achieve full market stabilization. The Company has commenced online sales of some consumer products. The R&D Department has successfully developed certain new products for the consumer segment which have received positive response from customers, though current volumes remain modest.

Related Party Transactions (₹ Lakhs)

The Company entered into the following material related party transactions at arm's length basis:

Total related party transactions during FY26: ₹457.77 lakhs

Corporate Governance

Board Composition

The Board consists of 6 members:

Mr. Binod Sharma - Managing Director (Executive)
Mr. Vikram Kabra - Whole Time Director (Executive)
Mr. Vibhor Sharma - Whole Time Director (Executive)
Mr. Vinay Joshi - Independent Director
Mr. Niwesh Sharma - Independent Director
Mrs. Sweta Maheshwari - Independent Director

Board Meetings

During FY 2025-2026, 11 Board meetings were held. All executive directors attended all 11 meetings, while independent directors' attendance ranged from 2 to 9 meetings.

Compliance Status

The Company is exempt from certain corporate governance provisions under Regulation 15(2)(a) of SEBI LODR Regulations due to having paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore. As of March 31, 2026, paid-up capital was ₹4.20 crore and net worth was ₹14.06 crore.

Key Management Personnel

Mr. Binod Sharma (DIN: 00557039) - Managing Director
Mr. Vikram Kabra (DIN: 00746232) - Whole Time Director
Mr. Vibhor Sharma (DIN: 03011540) - Whole Time Director
Mr. Prabhu Dayal Somani - Chief Financial Officer
Mr. Vivek Jain - Company Secretary (appointed w.e.f January 30, 2026)

Employee Information

As on March 31, 2026, the Company had 71 permanent employees:

Male Employees: 66
Female Employees: 5
Transgender Employees: Nil

Top 10 employees by remuneration included managers and officers with monthly remuneration ranging from ₹25,854 to ₹1,00,000.

Statutory Auditor

M/s. R C Jhawer & Co, Chartered Accountants (Firm Registration No. 310068E), appointed until the conclusion of the 39th AGM in 2027.

Secretarial Auditor

M/s. N.K. & Associates, Practicing Company Secretaries, issued an unqualified report except for noting that the Company has been suspended from The Calcutta Stock Exchange Ltd. and has not complied with SEBI regulations with CSE.

Internal Auditor

Mr. Bimal Kumar Choraria, Chartered Accountant

AGM Details

The 38th Annual General Meeting is scheduled to be held on:

Date: Friday, September 25, 2026
Time: 10:00 A.M.
Venue: Registered Office at Vill: Jhagarpur, Post Box No. 13, Rajgangpur-770017, Odisha

Business to be Transacted

Ordinary Business

1. Adoption of Financial Statements for FY 2025-2026

2. Re-appointment of Mr. Vibhor Sharma (DIN: 03011540) who retires by rotation

Special Business

Approval of related party transactions for FY 2027-2028 with:

3. Josh Commercial Private Limited (Purchase: ₹15 Cr, Sales: ₹25 Lakhs)

4. BSN Investments Private Limited (Purchase: ₹15 Cr)

5. Steel Aids Private Limited (Purchase: ₹30 Cr, Sales: ₹5 Cr)

6. Sai Ram Steels Private Limited (Sales: ₹20 Cr, Purchase: ₹5 Cr)

7. Iqsolv Innovate Private Limited (Sales: ₹15 Cr)

Shareholding Pattern

Promoter Shareholding

| Promoter | Shares Held | % Holding |

| Sri Satyanarayan Kabra | 4,45,200 | 10.60% |

| Sri Binod Sharma | 3,43,100 | 8.17% |

| Sri Vikram Kabra | 1,15,900 | 2.76% |

| Smt. Rajee Sharma | 32,700 | 0.78% |

| Sri Vibhor Sharma | 1,01,300 | 2.41% |

Other Significant Shareholders

| Shareholder | Shares Held | % Holding |

| M/s Kasturi Fiscal Pvt. Ltd. | 4,82,400 | 11.49% |

| M/s Nivedan Marcantiles Pvt. Ltd. | 2,68,800 | 6.40% |

Dividend

No dividend recommended for the year in view of losses.

Other Disclosures

The Company has not accepted any deposits during the year
No material changes or commitments affecting financial position between year-end and board report date
No fraud reported by auditors under Section 143(12) of Companies Act, 2013
No proceedings pending under Insolvency and Bankruptcy Code, 2016
No significant material orders passed by regulators/courts
Shares suspended from Calcutta Stock Exchange
Shares traded on BSE (Scrip Code: 514248)