Financial Performance Highlights

Income Statement (₹ in Lakhs)

  • Total Income: ₹6,285.63 (FY25: ₹7,288.65) - decrease of 13.8%
  • Profit Before Tax: ₹946.44 (FY25: ₹1,671.39) - decrease of 43.4%
  • Current Tax: ₹257.00 (FY25: ₹439.24)
  • Deferred Tax: (₹4.27) (FY25: (₹8.58))
  • Profit After Tax: ₹693.70 (FY25: ₹1,240.72) - decrease of 44.1%
  • Other Comprehensive Income: (₹7.30) (FY25: ₹8.19)
  • Total Comprehensive Income: ₹686.41 (FY25: ₹1,248.91)
  • Earnings Per Share (Basic & Diluted): ₹6.70 (FY25: ₹12.19)

Appropriations

  • Dividend Recommended: 35% i.e., ₹3.50 per equity share (Total approx. ₹358.59 lakhs)
  • Transfer to General Reserve: ₹30.00 lakhs (same as FY25)
  • *Dividend Paid:** ₹307.36 lakhs (FY25: ₹256.13 lakhs)

*Recommended by board, subject to approval of shareholders

Balance Sheet Position

  • Equity Share Capital: ₹1,024.53 lakhs (10,245,340 shares of ₹10 each)
  • Other Equity: ₹13,022.50 lakhs (FY25: ₹12,645.51 lakhs)
  • Total Equity: ₹14,047.03 lakhs
  • Current Assets: ₹10,794.80 lakhs (includes inventories ₹992.22 lakhs, trade receivables ₹1,954.40 lakhs, cash & cash equivalents ₹561.19 lakhs, bank balances ₹6,970.61 lakhs)
  • Non-Current Assets: ₹4,009.51 lakhs (includes property, plant and equipment ₹1,888.21 lakhs net)
  • Current Liabilities: ₹655.80 lakhs
  • Non-Current Liabilities: ₹101.48 lakhs (deferred tax liability)

Operational Highlights

  • Revenue from Operations: ₹5,363.40 lakhs (FY25: ₹6,547.13 lakhs) - decrease of 18.1%
  • Export Sales: ₹4,841.33 lakhs
  • Domestic Sales: ₹522.07 lakhs
  • Other Income: ₹922.23 lakhs (FY25: ₹741.52 lakhs) - includes interest income ₹648.70 lakhs and foreign exchange gain ₹185.17 lakhs
  • Cost of Materials Consumed: ₹2,117.83 lakhs (FY25: ₹2,739.98 lakhs)
  • Employee Benefit Expenses: ₹941.07 lakhs (FY25: ₹960.35 lakhs)
  • Finance Costs: ₹0.02 lakhs (FY25: ₹0.15 lakhs)
  • Depreciation: ₹200.04 lakhs (FY25: ₹198.72 lakhs)
  • Research & Development Expenditure: ₹126.09 lakhs (2.35% of turnover) (FY25: ₹93.53 lakhs, 1.28% of turnover)

Dividend Information

  • Recommended Dividend: 35% i.e., ₹3.50 per equity share of face value ₹10 each
  • Record Date: September 23, 2026
  • Book Closure: September 24, 2026 to September 30, 2026 (both days inclusive)
  • Payment Date: After September 30, 2026 but within statutory timeframe
  • Total Dividend Outgo: Approximately ₹358.59 lakhs
  • Tax Implications: Dividend income taxable in shareholders' hands with TDS applicable

Annual General Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 1:00 PM (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Business:

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

2. Declaration of dividend of 35% (₹3.50 per share)

3. Re-appointment of Mr. G Ganesh Kumar (DIN: 01009765) as director retiring by rotation

4. Approval of remuneration payable to Cost Auditor Mr. Sativada Venkat Rao for FY 2026-27 (₹45,000 + taxes)

Board and Committee Composition

Board of Directors (as on March 31, 2026)

  • Mr. Sandeep Gokaraju: Chairman & Managing Director (w.e.f September 5, 2025)
  • Mr. G Ganesh Kumar: Executive Director
  • Mr. Satya Srinivas Uppalapati: Executive Director (appointed September 5, 2025)
  • Mr. Sai Sudhakar Panchakarla: Non-Executive Independent Director
  • Mr. Venkataraju Gupta Kollepalli: Non-Executive Independent Director
  • Mrs. P. Vijaya Lakshmi: Non-Executive Independent Director
  • Mr. Srinivas Gelli: Non-Executive Independent Director (changed from Non-Independent to Independent w.e.f September 30, 2025)

Key Managerial Personnel

  • Mr. Sandeep Gokaraju: Managing Director
  • Mr. Y Srinivas Rao: Chief Financial Officer
  • Mr. Pradosh Ranjan Jena: Company Secretary & Compliance Officer

Board Committees

  • Audit Committee: Mr. Venkataraju Gupta Kollepalli (Chairperson), Mr. Sai Sudhakar Panchakarla, Mr. G Ganesh Kumar
  • Nomination and Remuneration Committee: Mr. Venkataraju Gupta Kollepalli (Chairperson), Mrs. P Vijaya Lakshmi
  • Stakeholders Relationship Committee: Mr. Venkataraju Gupta Kollepalli (Chairperson), Mr. G Ganesh Kumar, Mr. Sai Sudhakar Panchakarla
  • CSR Committee: Mr. G Ganesh Kumar (Chairperson), Mr. Sai Sudhakar Panchakarla, Mr. Venkataraju Gupta Kollepalli
  • Share Transfer Committee: Mr. Venkataraju Gupta Kollepalli (Chairperson), Mr. G Ganesh Kumar, Mr. Sai Sudhakar Panchakarla

Auditor Appointments

Statutory Auditors

  • M/s. P.S.N Ravishanker & Associates, Chartered Accountants
  • Firm Registration No.: 003228S
  • Tenure: Appointed for 5 years up to conclusion of 29th AGM
  • Audit Fee: ₹4.50 lakhs per annum
  • Opinion: Unmodified audit opinion with no qualifications, reservations, or adverse remarks

Internal Auditors

  • M/s K Srinivas & Associates, Chartered Accountants
  • Re-appointed for FY 2026-27

Cost Auditors

  • Mr. Sativada Venkat Rao, Cost Accountant (Registration No. 100340)
  • Remuneration: ₹45,000 per annum + taxes + out-of-pocket expenses (subject to shareholder ratification)
  • Appointed for FY 2026-27

Secretarial Auditor

  • Mrs. D. Renuka, Practising Company Secretary
  • Appointed for 5 years from FY 2025-26 to FY 2029-30
  • Report: No qualifications, reservations, or adverse remarks

Corporate Actions and Changes

  • Designation Changes:
  • Mr. Sandeep Gokaraju changed from Executive Director to Chairman-cum-Managing Director (w.e.f September 5, 2025)
  • Mr. G Ganesh Kumar changed from Chairman and Managing Director to Executive Director (w.e.f September 5, 2025)
  • Mr. Srinivas Gelli changed from Non-Executive Non-Independent Director to Non-Executive Independent Director (w.e.f September 30, 2025)
  • New Appointment: Mr. Satya Srinivas Uppalapati appointed as Additional Executive Director (w.e.f September 5, 2025)

Regulatory Compliance and Approvals

  • ANVISA Brazil GMP Certificate: Received during the year, enabling access to Brazilian pharmaceutical market
  • US FDA and EU-GMP: Manufacturing facility maintains these approvals
  • SEBI Compliance: All listing obligations complied with
  • Stock Exchange: BSE Limited (Scrip Code: 532384)
  • Listing Fees: Paid for FY 2026-27

Share Capital and Ownership

  • Paid-up Capital: ₹10.24 crores (10,245,340 equity shares of ₹10 each)
  • Promoter Holding: 61.97% (63,51,496 shares)
  • Public Holding: 38.03% (38,98,504 shares)
  • Dematerialization: 98.84% of shares dematerialized
  • Unpaid Capital: ₹46,600 unpaid on 9,320 equity shares @ ₹5 per share (to be written off after stock exchange approvals)

Corporate Social Responsibility

  • CSR Obligation: ₹33.61 lakhs (2% of average net profit)
  • CSR Expenditure: ₹35.00 lakhs (excess ₹1.39 lakhs available for set-off in succeeding years)
  • Focus Areas: Happy Childhood, Health, Education, Environmental Sustainability, Promoting Sports, Art and Culture

Risk Management

Company has implemented integrated risk management framework covering:

  • Manufacturing and supply chain disruptions
  • Regulatory changes
  • Information technology and cybersecurity risks
  • Foreign exchange fluctuations
  • Compliance-related risks
  • Litigation matters

Foreign Exchange Transactions

  • Foreign Exchange Earnings: ₹4,709.82 lakhs (FOB value of exports)
  • Foreign Exchange Outgo:
  • Raw materials: ₹892.86 lakhs
  • Expenses: ₹160.74 lakhs

Contingent Liabilities

  • Income Tax Demands: ₹30.19 lakhs (AY 2009-10: ₹13.08 lakhs, AY 2011-12: ₹17.11 lakhs) under dispute
  • Bank Guarantees: ₹5 lakhs to Andhra Pradesh Pollution Control Board

Other Significant Information

  • Employee Strength: 167 employees as on March 31, 2026
  • Industrial Relations: Cordial throughout the year
  • Whistleblower Mechanism: No complaints received during the year
  • Sexual Harassment Committee: No complaints received during the year
  • Internal Financial Controls: Adequate and operating effectively as per auditor report
  • Going Concern: Financial statements prepared on going concern basis
  • Forfeited Shares: 9,320 equity shares with ₹5 per share unpaid (total ₹46,600) to be written off after approvals

Important Dates

  • AGM Date: September 30, 2026
  • Book Closure: September 24-30, 2026
  • Cut-off Date for E-voting: September 23, 2026
  • Remote E-voting Period: September 27-29, 2026 (9:00 AM to 5:00 PM)
  • Dividend Payment: After September 30, 2026

Factory Address

Door No. 6-223, Sarpavaram, Kakinada, East Godavari Dist., Andhra Pradesh - 533005

Registrar and Share Transfer Agent

CIL Securities Limited

214, Raghavaratna Towers, Chirag Ali Lane, Abids, Hyderabad - 500 001

Tel: 040-23202465, Email: rta@cilsecurities.com