Bhatia Colour Chem shareholders approved all 10 resolutions at its fifth annual general meeting held on August 25, 2026. The voting results, released on August 26, showed unanimous support for the proposals, including financial statements adoption and management reappointments.

The meeting concluded at 2:30 pm with 17 shareholders present, representing a quorum sufficient to transact business. The e-voting platform operated from August 22 to August 24, while physical polling occurred during the meeting. Ranjit Kejriwal served as the independent scrutinizer, confirming that all resolutions passed with the requisite majority under Section 108 of the Companies Act, 2013.

Voting Participation

The record date for the AGM was August 18, 2026, with 1,764 total shareholders on record. Participation breakdown:

Promoters held 5,608,750 shares (39.67% of total equity), while public non-institutional investors held 8,530,597 shares. Only 12.70% of public non-institutional shares were voted, primarily through e-voting. No votes were cast against any resolution, and there were zero invalid votes recorded.

Key Resolutions Passed

Financial Statements Adoption

Resolution 1 adopted the audited financial statements for FY26 (ended March 31, 2026) along with Board and Auditor reports. This ordinary resolution received 6,692,050 votes in favour, representing 100% of polled votes. Promoters contributed all 5,608,750 of their shares to this vote.

Director Reappointments

Three special resolutions addressed leadership continuity:

• Resolution 4: Reappointment of Bharat Brijlal Bhatia as Managing Director (DIN: 09095082)
• Resolution 5: Reappointment of Rameshchand Chanduram Bhatia as Whole Time Director (DIN: 09431185)
• Resolution 6: Reappointment of Ravi Ashokkumar Bhatia as Whole Time Director with remuneration increase (DIN: 09431186)

Additionally, Resolution 2 appointed Rameshchand Chanduram Bhatia as Whole Time Director liable to retire by rotation under Section 152(6) of the Companies Act, 2013.

All four director-related resolutions passed with 1,083,300 votes in favour each, sourced entirely from public non-institutional shareholders. The promoter group abstained from voting on these interest-conflict items, though they were not classified as interested parties per the disclosure.

Cost Auditor Remuneration

Resolution 3 ratified cost auditor remuneration for FY27 as an ordinary resolution. It secured 6,692,050 votes in favour (100% support), with full participation from both promoter and public non-institutional categories.

Related-Party Transactions

Four ordinary resolutions approved material related-party transactions involving:

• Resolution 7: Mr. Bharat Brijlal Bhatia
• Resolution 8: Mr. Rameshchand Chanduram Bhatia
• Resolution 9: Mr. Ravi Ashokkumar Bhatia
• Resolution 10: M/s Vapchem (partnership firm)

The promoter group declared interest in these transactions and abstained from voting. Each resolution received 1,083,300 votes in favour exclusively from public non-institutional shareholders, achieving unanimous approval among participating disinterested members.

Meeting Proceedings

Mrs. Renu Garg, Company Secretary & Compliance Officer, opened the proceedings and introduced key managerial personnel. Mr. Parimal Bhagat represented DSI & Co., the statutory auditors. Chairman Bharat Brijlal Bhatia briefed attendees on business operations and thanked shareholders for their participation.

A question-and-answer session allowed shareholders to seek clarifications on resolutions and operations. All queries were resolved before the meeting adjourned at 2:30 pm.

bhatia colour chem reported a robust financial performance for FY26, with revenue from operations surging 23.66% to ₹1,546.20 crore (₹15,462.075 lakhs) compared to ₹1,250.33 crore (₹12,503.263 lakhs) in the previous fiscal year. The Surat-based manufacturer of textile chemicals, dyes, and auxiliaries also saw its net profit after tax (PAT) grow by 14.06% to ₹41.78 crore (₹417.762 lakhs), up from ₹36.63 crore (₹366.27 lakhs) in FY25. This growth underscores the company’s expanding market share in the domestic textile processing sector.

The Board of Directors decided against declaring a dividend for the year, citing the need to conserve resources for future expansion and capacity enhancement. The company’s total income stood at ₹1,549.97 crore (₹15,499.700 lakhs), including other income of ₹37.63 lakh (₹37.625 lakhs). Profit before tax was recorded at ₹64.37 crore (₹643.681 lakhs), reflecting effective cost management despite inflationary pressures in raw material prices.

Financial Highlights

Operational & Strategic Developments

The company strengthened its balance sheet significantly during the year. The debt-to-equity ratio improved sharply to 0.02 from 0.26 in FY25, driven by the full repayment of unsecured loans and non-utilization of cash credit facilities. Additionally, Bhatia Colour Chem converted 1,905,597 warrants into equity shares at ₹100.50 per warrant, raising ₹19.06 crore (₹190.56 lakhs) and increasing paid-up capital to ₹14.14 crore (₹14,13.93 lakhs).

Management highlighted increased sales and better research and development as key drivers of this performance. The company continues to focus on value-added printing products, including foil binders and zari binders, catering to evolving requirements in the packaging and textile industries.

Governance and Related Party Transactions

Shareholders will vote on several key governance matters at the Annual General Meeting scheduled for August 25, 2026. These include the reappointment of Managing Director Bharat Brijlal Bhatia and Whole-Time Directors Rameshchand Chanduram Bhatia and Ravi Ashokkumar Bhatia for five-year terms commencing January 21, 2027. The Board also seeks approval for material related party transactions with promoters and M/s Vapchem, an aggregate value not exceeding ₹2,21.04 crore, ₹21.04 crore, ₹40.30 crore, and ₹220 crore respectively, covering purchases, sales, borrowings, and remuneration.

Statutory auditors M/s DSI & Co., Chartered Accountants, have issued an unqualified report on the standalone financial statements. However, the secretarial audit noted minor compliance lapses, including delayed filing of shareholding patterns and technical issues with software backups, which management has since addressed.