Amal Ltd reported a strong financial performance for the quarter ended June 30, 2026, with consolidated revenue rising 104% year-on-year to ₹965.39 crore. Net profit for the quarter increased 78% to ₹167.26 crore compared to the corresponding period last year. The board also approved a capital expenditure proposal of approximately ₹12 crore to expand the production capacity of Sulphur Dioxide (SO2) from 45 tonnes per day (tpd) to 105 tpd.

Q1 Financial Performance

The company's standalone revenue from operations for Q1FY27 stood at ₹267.55 crore, up from ₹143.01 crore in the same quarter last year. Standalone net profit surged to ₹24.26 crore from ₹1.88 crore. On a consolidated basis, revenue from operations grew to ₹965.39 crore from ₹473.05 crore, while net profit rose to ₹167.26 crore from ₹94.03 crore. Basic earnings per share (EPS) on a consolidated basis improved to ₹13.53 from ₹7.61 in the previous year.

Operational Highlights and Capex

The board approved the expansion of SO2 capacity by 60 tpd, requiring an investment of approximately ₹12 crore to be funded through internal accruals and debt. The project is expected to be completed within two years. The existing capacity of 45 tpd is almost fully utilised. Additionally, the group recognised other income of ₹5.61 crore during the quarter towards State Goods and Services Tax incentive under the Gujarat Industrial Policy 2015.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on July 17, 2026. The statutory auditors, Deloitte Haskins & Sells LLP, performed a limited review and reported no modifications.

Amal Ltd will conduct its 52nd Annual General Meeting (AGM) on Friday, August 14, 2026, at 10:30 am through video conferencing or other audio-visual means. The meeting will be held in accordance with the applicable provisions of the Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs. The company has also announced the closure of its register of members and share transfer books to determine member eligibility for dividend payouts for the year ended March 31, 2026.

Pursuant to Section 91 of the Companies Act, 2013, the Register of Members and Share Transfer Books will remain closed from August 1, 2026, to August 7, 2026. The dividend, if approved at the AGM, will be paid to members whose names appear on the Register of Members as of July 31, 2026. The facility to attend the AGM through video conferencing and vote via electronic means will be available to members.

Members holding shares as on August 7, 2025, including those who may not receive the electronic annual report due to unregistered email addresses, can exercise their voting rights by following instructions provided in the AGM notice. The company has requested members who have not registered their email addresses to do so to ensure they receive e-communications.

For members holding shares in physical mode, the company requires name, folio number, mobile number, email address, and scanned copies of share certificates, PAN, and Aadhar card to be sent via email. Members holding shares in dematerialised mode must provide their name, Depository Participant ID, Client ID, mobile number, email address, and scanned copies of self-attested client master statements or consolidated account statements.

The electronic copy of the annual report for 2025-26, which includes the notice detailing the process for attending the AGM and e-voting, will be sent to members with registered email addresses or depository participants. The report will also be available for download on the company’s website and the BSE website.

Key Meeting Details