Bhansali Engineering Polymers Limited held its 42nd Annual General Meeting (AGM) on July 21, 2026, through video conferencing to approve financial results and declare dividends. The meeting, chaired by Mr. Babulal M. Bhansali, Chairman and Managing Director, commenced at 11:30 a.m. and concluded at 12:23 p.m. The proceedings were conducted in accordance with the circulars issued by the Ministry of Corporate Affairs.

The shareholders adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. The reports of the Statutory Auditor and the Secretarial Auditor contained no qualifications or adverse remarks. The Company Secretary, Mr. Ashwin M. Patel, confirmed that the Annual Report for FY26 had been forwarded to shareholders via email.

Dividend Declaration

The AGM confirmed the payment of three interim dividends of Re.1/- each, totaling 300%, for the financial year ended March 31, 2026. Additionally, the shareholders approved the declaration of a final dividend of Re.1/- each (100%) per equity share of Re.1/- each fully paid up for the same period.

Board Appointments and Ratifications

The meeting addressed the re-appointment of Mr. Dilip Krushnarao Shendre (DIN: 10566412), who retired by rotation. Shareholders approved his appointment as a Director and subsequently as Whole Time Director for a period of three years effective from April 1, 2026, to March 31, 2029. The AGM also ratified the remuneration payable to the Cost Auditors for the financial year 2026-27.

The facility of remote e-voting was provided in accordance with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consolidated results of the remote e-voting and e-voting conducted during the AGM will be announced to the Stock Exchanges and hosted on the company's website.

Bhansali Engineering Polymers Limited reported a 42.9% rise in profit after tax to ₹65.6 crore for the quarter ended June 30, 2026, driven by higher realizations and improved cost efficiencies. The expansion in profitability underscores the resilience of the business model amidst a dynamic global geopolitical environment, according to Mr. Jayesh B. Bhansali, Joint Managing Director & Chief Financial Officer. The company remains debt-free, with a ₹200 crores debottlenecking capex fully funded through internal accruals.

Revenue from operations increased 53.3% to ₹472.2 crores in Q1FY27, compared to ₹307.9 crores in the same period last year. EBITDA increased to ₹92.3 crores from ₹63.9 crores in Q1FY26, with the EBITDA margin standing at 19.2%. The board approved the unaudited financial results and declared a first interim dividend of Re.1 per equity share for the financial year 2026-27.

Financial Performance

The company's profit after tax margin stood at 13.6% in Q1FY27. Finance costs remained negligible at ₹0.1 crore, while depreciation stood at ₹2.0 crore. Tax expenses for the quarter amounted to ₹25.1 crores.

*Includes Other Income

Capacity Expansion and Outlook

Bhansali Engineering Polymers is undertaking a debottlenecking project at its Abu Road and Satnoor plants to increase capacity from 75,000 MTPA to 1,00,000 MTPA. The total capex outlay is ₹200 Crores, funded 100% via internal accruals, with targeted commissioning in September 2026 and optimal utilisation expected by FY28. This expansion strengthens the company's position as one of India's lowest-cost ABS producers and positions it to capture a larger share of domestic demand currently met through imports.

The board fixed July 23, 2026, as the record date to determine shareholder eligibility for the dividend, which will be paid on or before August 16, 2026.