Financial Performance Highlights (₹ lakhs)

Income Statement:

  • Income from Operations & Other Income: ₹5,441.98 lakhs (FY 2025-26) vs ₹4,163.37 lakhs (FY 2024-25)
  • Profit before Depreciation & Interest: ₹291.27 lakhs (FY 2025-26) vs ₹129.11 lakhs (FY 2024-25)
  • Net Profit before Exceptional Items and Tax: ₹92.78 lakhs (FY 2025-26) vs ₹54.96 lakhs (FY 2024-25)
  • Net Profit after Tax: ₹73.36 lakhs (FY 2025-26) vs ₹38.58 lakhs (FY 2024-25)
  • Balance carried to Balance Sheet: ₹1,013.72 lakhs (FY 2025-26) vs ₹940.36 lakhs (FY 2024-25)

Key Financial Positions:

  • Paid-up Equity Share Capital: ₹4,56,44,350 (91,28,870 shares of ₹5 each)
  • Total Assets: ₹35,67,42,045 (FY 2025-26) vs ₹29,50,16,493 (FY 2024-25)
  • Inventories: ₹11,19,65,774 (FY 2025-26) vs ₹9,40,53,679 (FY 2024-25)
  • Trade Receivables: ₹14,03,69,033 (FY 2025-26) vs ₹94,867,472 (FY 2024-25)

Dividend

No dividend recommended for FY 2025-26 to accumulate reserves.

Board of Directors & Key Managerial Personnel

Current Board Composition:

  • Shri. Sumish S. Mody: Managing Director (DIN: 00318652)
  • Smt. Meena Sumish Mody: Non-Executive Director
  • Shri. Miten S. Mody: Whole-Time Director (DIN: 02422219)
  • Shri. Mahesh Shivram Gharat: Independent Director (DIN: 08272531)
  • Shri. Nitin Anant Zujam: Independent Director (DIN: 08272546)
  • Shri. Nainesh Desai: Independent Director (DIN: 08452630)

Key Managerial Personnel:

  • Chief Financial Officer: Shri Sumiran Sumish Mody
  • Company Secretary: Smt. Nilam Pradeep Bajoria

39th Annual General Meeting Details

  • Date: September 29, 2026
  • Time: 11:00 AM
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Cut-off Date: September 22, 2026
  • Book Closure: September 23, 2026 to September 29, 2026

AGM Business Items

Ordinary Business:

1. Adoption of Annual Standalone Financial Statements for FY 2025-26

2. Re-appointment of Mr. Miten Sudhir Mody who retires by rotation

Special Business:

3. Increase in Overall Managerial Remuneration: Special resolution to pay remuneration exceeding 11% of net profits computed under Section 198 of Companies Act, 2013

4. Re-appointment of Mr. Sumish S. Mody as Managing Director: For 5 years from November 1, 2026 to October 31, 2031 with specified remuneration:

  • Salary: ₹4,10,000 per month
  • Perquisites: Medical reimbursement (up to one month's salary per year), LTC, car with driver, telephone, club fees
  • Other Benefits: Reimbursement of business expenses, termination notice period of 3 months

Shareholding Pattern

  • Promoter & Promoter Group: 44,54,448 shares (48.80% as of March 31, 2026)
  • Public Shareholding: 46,74,422 shares (51.20%)
  • Dematerialized Shares: 94.56% of total share capital

Significant Share Transfer:

  • Date: March 16, 2026
  • Transaction: Transfer of 7,46,004 shares (8.17%) from Mr. Sumish Mody to Mr. Sudhir Mody
  • Consideration: Nil (by way of gift between father and son, both promoters)

Auditor Appointments

  • Statutory Auditors: M/s. K.M. Kapadia & Associates (FRN: 104777W) appointed until 40th AGM
  • Internal Auditor: Mr. Ajay Mehta
  • Secretarial Auditor: Mr. Pankaj S. Desai (CP No: 4098)

Operational Highlights

Business Overview:

  • Company engaged in production of dye intermediates (N-Methyl J. Acid, derivatives of J. Acid, Tobias Acid, Sulpho Tobias Acid)
  • Main raw material J. Acid imported from China
  • Also undertakes job work for various dye industries

Challenges & Opportunities:

  • Geopolitical tensions caused raw material costs to increase by approximately 80%
  • Key imported raw material J-Acid price increased by approximately 50%
  • Supply chain disruptions and constrained market environment
  • Management exploring alternative sourcing and strategic opportunities

Production & Sales Data:

  • Installed Capacity: 14,00,000 kgs of dye intermediates equivalent
  • Export Sales: ₹183.82 crore (34.18% of total turnover)
  • Domestic Sales: ₹353.94 crore

Related Party Transactions

Transactions with related parties including Vivid Intermediates Private Limited, Sumichem Corporation, and Vivid Chemical totaling ₹22.39 crore for salaries, job work charges, rent, and professional fees.

Corporate Governance Compliance

  • Company complied with SEBI Listing Regulations and Companies Act, 2013 requirements
  • All independent directors submitted independence declarations
  • Whistle Blower Policy implemented with no cases reported in FY 2025-26
  • No instances of sexual harassment reported

Contingent Liabilities

  • MPCB Environmental Compensation: ₹60.98 lakhs (under appeal with Supreme Court, ₹18.30 lakhs deposited as refundable deposit)
  • Central Excise Matter: ₹0.64 lakhs (appeal pending)
  • Other Contingencies: ₹3.80 lakhs
  • Guarantees: ₹28.70 lakhs

Risk Factors

  • Raw material price volatility due to geopolitical tensions and supply chain disruptions
  • Dependence on imported raw materials from China
  • Cyclical nature of dye intermediates industry
  • Inflation and recessionary pressures affecting demand

Important Dates

  • Remote E-voting Period: September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
  • Scrutinizer: Mr. Pankaj S. Desai, Practicing Company Secretary
  • Results Declaration: Within 48 hours of AGM conclusion

Administrative Office

C/o. Sumichem Corporation, 1-D, Dhannur Building, Sir P.M. Road, Fort, Mumbai - 400001