Apcotex Industries Limited reported a Profit After Tax (PAT) of INR 1,014 Mn for the financial year ended March 31, 2026 (FY26), marking a recovery from INR 541 Mn in FY25. Operational revenue for the period increased to INR 14,415 Mn, compared to INR 13,924 Mn in the previous year, supported by a broad product portfolio in synthetic rubber and latex. The company’s EBITDA stood at INR 1,774 Mn, with margins improving to 12.31% from 8.96% in FY25.

The company disclosed its financial performance in an investor presentation submitted to the stock exchanges. Apcotex Industries operates manufacturing facilities in Taloja, Maharashtra, and Valia, Gujarat, with a combined production capacity spanning synthetic latex and nitrile rubber. The Taloja facility has a capacity of 1,03,000 MTPA for synthetic latex, while the Valia plant produces 21,000 MTPA of nitrile rubber and 50,000 MTPA of nitrile latex.

Financial Performance

The company’s financial statements for FY26 show a reduction in total expenses to INR 12,641 Mn from INR 12,676 Mn in FY25, contributing to the improved profitability. Finance costs decreased to INR 112 Mn from INR 173 Mn in the prior year. The balance sheet indicates a strengthening of the shareholders' fund to INR 6,210 Mn in FY26, up from INR 5,532 Mn in FY25. Total borrowings reduced significantly, with short-term borrowings at INR 613 Mn and long-term borrowings at INR 317 Mn.

Strategic Initiatives

Apcotex Industries has initiated a capacity addition project worth INR 210 Crores aimed at expanding its production of nitrile rubber and synthetic latex. The company serves a diverse client base across industries such as paper, construction, carpets, and tyres, with marquee clients including ITC, Asian Paints, and MRF. The management highlighted that the expansion is intended to consolidate the company’s position in domestic and international markets and meet growing demand.

The investor presentation also noted that the company’s market capitalization was approximately INR 16,276.73 Mn as of March 31, 2026. Apcotex Industries is listed on both the BSE and NSE.

Apcotex Industries Limited has detailed the tax deduction at source (TDS) and withholding tax norms applicable to the final dividend of ₹5.50 per equity share for the financial year ended March 31, 2026. The Board recommended this dividend at its meeting held on May 6, 2026, payable to shareholders whose names appear in the Register of Members or records of depositories as on the close of business hours on June 12, 2026. The payout is subject to shareholder approval at the 40th Annual General Meeting scheduled for June 25, 2026.

Pursuant to the Income Tax Act, 2025, the company is required to deduct tax on dividend payments. The applicable withholding rates depend on the shareholder's residential status and the documentation submitted to the Registrar & Transfer Agent (RTA), MUFG Intime India Private Limited. Shareholders must submit necessary forms and declarations on or before June 12, 2026, to ensure appropriate tax deduction.

Tax Provisions for Resident Shareholders

For resident individuals with a valid Permanent Account Number (PAN), tax will be deducted at 10% under Section 393(1) of the Income Tax Act. No tax will be deducted if the aggregate dividend during the Tax Year 2026-27 does not exceed ₹10,000 or if the shareholder submits a duly signed Form 121. Resident shareholders other than individuals, such as insurance companies and government bodies, are exempt from TDS upon submitting specific declarations and documents like self-attested PAN copies and registration certificates.

If PAN is not furnished or is invalid, tax will be withheld at the higher rate prescribed under the Act or 20%.

Tax Provisions for Non-Resident Shareholders

The TDS rates for non-resident shareholders vary significantly based on the entity type and applicable tax treaties. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) face a withholding rate of 20% plus surcharge and cess, or the tax treaty rate, whichever is beneficial. To avail the treaty rate, shareholders must provide a Tax Residency Certificate for the period April 1, 2026, to March 31, 2027, and Form 41.

Alternative Investment Funds – Category III located in International Financial Services Centre are subject to a 10% rate plus surcharge and cess. Sovereign wealth funds, pension funds notified by the Central Government, and subsidiaries of the Abu Dhabi Investment Authority (ADIA) are eligible for NIL tax deduction upon submission of specific notifications and declarations.

Compliance and Documentation

Shareholders must download the required exemption forms from the MUFG Intime website and upload completed documents, including PAN copies and forms, via the specified URL. The deadline for uploading documents is June 12, 2026, at 5:00 p.m. IST. Incomplete or unsigned forms will not be considered. The company will email a soft copy of the TDS certificate to the registered email ID post-completion of TDS activities.