ARCL Organics Ltd issued a corrigendum to the notice of its 34th Annual General Meeting (AGM), scheduled for September 19, 2026. The company added Item No. 6 to seek shareholder approval for the remuneration of its cost auditors for the financial year 2026-2027.

The Board of Directors, on the recommendation of the Audit Committee, approved a fee of ₹40,000 payable to M/s. Amit Khetan & Co (FRN-102559). This amount covers the audit of cost records for FY27.

Resolution Details

Shareholders are asked to pass an Ordinary Resolution to ratify this appointment and fee structure. The resolution is filed pursuant to Section 148 of the Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014.

The explanatory statement confirms that no directors, key managerial personnel, or their relatives have any financial interest in this resolution.

Meeting Logistics

The AGM will be held via Video Conferencing or Other Audio-Visual Means. The corrigendum serves as an integral part of the original notice dated August 28, 2026. All other contents of the AGM notice remain unchanged.

ARCL Organics Limited reported a consolidated revenue of ₹2,762.5 crore for FY26, up 9.2% from ₹2,529.5 crore in the prior year. The company's exports crossed the ₹1,000 crore mark, reaching ₹1,043.3 crore, driven by strong demand in Africa and South Asia.

Profit after tax (PAT) fell 57.9% to ₹51.9 crore from ₹123.3 crore, primarily due to one-time exceptional charges of approximately ₹54.8 crore related to legacy tax settlements. Excluding these items, adjusted PAT grew 41.2% to ₹174.1 crore.

Financial Performance

The company’s EBITDA rose 9.2% to ₹285.8 crore (consolidated). Total income increased to ₹2,762.5 crore from ₹2,529.5 crore. Profit before tax (PBT) stood at ₹170.5 crore compared to ₹167.5 crore in FY25.

Strategic Developments

ARCL Organics acquired the Vishvam Formalin and Angel Resins unit in Gujarat, adding 49,500 TPA of Formaldehyde and 60,000 TPA of Resins capacity. This expansion aims to double existing turnover over time. The company is also developing new verticals including feed additives and laminate resins.

Governance and AGM

The 34th Annual General Meeting is scheduled for September 19, 2026. Shareholders will vote on revised remuneration packages for Chairman Suraj Ratan Mundhra, WTD Rajesh Mundhra, and WTD Mukesh Mundhra. The proposed monthly fixed cash component for each director is ₹4.8 lakh, effective April 1, 2026.

What the Numbers Show

While reported PAT declined sharply, underlying operational performance improved significantly. Adjusted PAT of ₹174.1 crore versus reported PAT of ₹51.9 crore highlights that non-recurring tax settlements accounted for roughly 70% of the profit decline. Revenue growth was broad-based, with export sales rising 28% to ₹1,043.3 crore, offsetting a slight dip in domestic sales.