Bhatia Colour Chem held its fifth annual general meeting on August 25, 2026, at its registered office in Surat. Shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, alongside key management reappointments and related-party transactions.

The meeting commenced at 2:00 pm and concluded at 2:30 pm with 17 shareholders present. The company secretary confirmed that the requisite quorum was present to transact the business outlined in the notice dated July 31, 2026.

Key Resolutions Passed

Shareholders approved several ordinary and special business items during the proceedings. The board sought ratification for cost auditor remuneration for the fiscal year 2026-27.

Director Appointments

The meeting addressed the tenure of key leadership roles:

• Reappointment of Bharat Brijlal Bhatia as Managing Director
• Reappointment of Rameshchand Chanduram Bhatia as Whole Time Director
• Reappointment of Ravi Ashokkumar Bhatia as Whole Time Director, including an increase in remuneration

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

Related-Party Transactions

Members approved material related-party transactions involving three directors and a partnership firm:

• Bharat Brijlal Bhatia
• Rameshchand Chanduram Bhatia
• Ravi Ashokkumar Bhatia
• M/s Vapchem, a partnership firm

Meeting Proceedings

Mrs. Renu Garg, Company Secretary & Compliance Officer, welcomed attendees and introduced the directors, key managerial personnel, and statutory auditors. Mr. Parimal Bhagat represented DSI & Co., the statutory auditors.

Mr. Bharat Brijlal Bhatia, Chairman, briefed members on the company's business operations. He thanked shareholders for their participation and acknowledged the team's commitment.

Voting Process

The e-voting platform remained open from August 22, 2026, at 9:00 am to August 24, 2026, at 5:00 pm. Shareholders who did not vote electronically were invited to cast ballots via polling paper during the meeting.

Mr. Ranjit Kejriwal was appointed as scrutinizer to oversee votes cast through both remote e-voting and physical polling. The chairman will declare voting results upon receipt of the scrutinizer's report.

Attendees

The following officials attended the meeting:

A question-and-answer forum allowed shareholders to seek clarifications regarding resolutions and operations. All queries were resolved satisfactorily before the meeting concluded.

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.