Financial Performance Overview

Consolidated Performance (` in Lakhs)

  • Revenue from Operations: ₹77,476.61 (FY25: ₹69,471.14), representing 11.5% year-on-year growth
  • Profit Before Tax: ₹10,466.98 (FY25: ₹9,956.62)
  • Profit After Tax: ₹8,077.09 (FY25: ₹7,504.51)
  • Total Comprehensive Income: Negative ₹8,584.25 due to fair value losses on investments through OCI of ₹16,661.34 lakhs
  • Earnings Per Share: ₹27.66 (FY25: ₹25.70)

Standalone Performance (` in Lakhs)

  • Revenue from Operations: 70,697 (Previous year: 65,081), 9% growth
  • Profit Before Tax: 9,386 (Previous year: 9,307)
  • Profit After Tax: 7,232 (Previous year: 6,967)

Annual General Meeting Details

  • Date & Time: 22nd July 2026 at 10:30 AM IST
  • Mode: Video Conference (VC) / Other Audio Visual Means (OAVM)
  • Record Date: 14th July 2026
  • Dividend Declared: 300% (₹6.00 per share of ₹2 face value), same as previous year
  • Business: Adoption of financial statements, dividend declaration, reappointment of Ms. Tara Parthasarathy as Director, ratification of Cost Auditor remuneration

Operational Highlights

Business Segments Performance

  • Inorganic Pigments: Revenue ₹164 crores (Previous: ₹175 crores)
  • Surfactants and Specialities: Revenue ₹489 crores (Previous: ₹430 crores), 14% growth
  • Wind Power Generation: 5 MW capacity, generated 80 lakh units (Previous: 57 lakh units)
  • IT-enabled Services: Revenue ₹52 crores (Previous: ₹45 crores), Profit ₹15 crores
  • Export Revenue: Standalone ₹176 crores; Consolidated ₹226 crores

Subsidiary Performance

  • Ultramarine Specialty Chemicals Limited: Revenue ₹74 crores (Previous: ₹54 crores), 37% growth
  • Ultramarine Fine Chemicals Limited: Not yet commenced operations

Exceptional Items

The company recognized an exceptional gain of ₹597 lakhs (comprising ₹577 lakhs compensation and ₹20 lakhs interest) on compulsory acquisition of factory land by National Highway Authority of India (NHAI), less estimated one-time past service cost of ₹357 lakhs towards gratuity and compensated absences.

Key Audit Matters & Compliance Notes

Auditors identified four key audit matters: inventory valuation, revenue recognition, deferred tax assets/liabilities, and expected credit loss assessment. They issued an unqualified opinion but noted:

  • Incomplete audit trail functionality in accounting software (coverage enhanced during the year)
  • Title deeds of certain immovable properties not held in company's name (14.20 Acres with APIIC, disputed titles for 0.91 acres)
  • Subsidiary properties at Naidupet also have title issues with APIIC

Corporate Governance & Board Matters

  • Compliance with SEBI Listing Regulations confirmed
  • 6 Board meetings held during the year
  • Board recommended reappointment of Ms. Tara Parthasarathy as Managing Director
  • Key Managerial Personnel: Mr. Anil Sharma (CFO), Mr. Kishore Kumar Sahoo (Company Secretary)
  • Statutory Auditors: Sundaram & Srinivasan, appointed for 5-year term until 2029

Contingent Liabilities & Risks

  • Claims not acknowledged as debts: ₹40 lakhs for labor disputes
  • Bank Guarantees outstanding: ₹229.52 lakhs
  • Letters of Credit outstanding: ₹286.58 lakhs
  • Tax demands under appeal: ₹789.28 lakhs (Income tax), ₹36.22 lakhs (Sales tax), ₹5.67 lakhs (GST), ₹170.67 lakhs (Customs duty)

Corporate Social Responsibility

CSR expenditure of ₹158.30 lakhs incurred (FY25: ₹148.70 lakhs), primarily comprising contributions to Thirumalai Charity Trust (₹145 lakhs).

Distribution & Availability

The Notice of AGM and Integrated Annual Report is being sent electronically to members with registered email IDs, with physical copies available on request. Documents available on company website and CDSL platform.

Subsequent Events & Authorization

The financial statements were authorized for issue by the Board of Directors on 20th May, 2026 with no material changes affecting financial position between year-end and report date.