Black Rose Industries held its Board of Directors meeting on May 13, 2026, and approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. Subsequently, pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published an extract of its audited financial results (standalone and consolidated) in Business Standard (English Edition) and Mumbai Lakshadeep (Marathi Edition) on May 15, 2026. The statutory auditors, M/s. M M Nissim & Co LLP, Chartered Accountants (Firm Regn. No. 107122W/W100672), issued an unmodified audit opinion on the financial results.

Standalone Financial Performance

The company's standalone financials for the year ended March 31, 2026, reflect a moderation in revenue alongside a decline in net profit compared to the prior year. The following table presents the key standalone financial metrics:

On a standalone basis, paid-up equity share capital stood at ₹510.00 lakhs (face value ₹1 per share), while other equity excluding revaluation reserve was ₹16,418.02 lakhs as at March 31, 2026, compared to ₹14,754.88 lakhs as at March 31, 2025. During the quarter, the company recognised an additional ₹33.43 lakhs in the defined benefit obligation for gratuity towards past service cost, charged under employee benefit expenses in accordance with India's new Labour Codes and Ind AS 19.

Standalone Balance Sheet Highlights

The standalone statement of assets and liabilities as at March 31, 2026, reflects the following position (₹ in Lakhs):

Standalone Cash Flow Summary

The standalone cash flow statement for the year ended March 31, 2026, showed a significant improvement in operating cash generation (₹ in Lakhs):

Consolidated Financial Performance

The consolidated results include the financial results of wholly owned subsidiary B.R. Chemicals Co. Limited, whose business operations have been classified as discontinued operations in accordance with Ind AS 105, following the Board's decision to initiate steps for the closure, sale, or transfer of 100% of its shareholding in the subsidiary. The key consolidated financial metrics are presented below:

The discontinued subsidiary reported total income of ₹1.39 lakhs, expenses of ₹8.58 lakhs, a loss of ₹7.19 lakhs, and a comprehensive loss of ₹5.50 lakhs for the year ended March 31, 2026. Consolidated other equity excluding revaluation reserve stood at ₹16,433.61 lakhs as at March 31, 2026, compared to ₹14,775.97 lakhs as at March 31, 2025.

Consolidated Balance Sheet Highlights

The consolidated statement of assets and liabilities as at March 31, 2026, is summarised below (₹ in Lakhs):

Dividend Recommendation

The Board of Directors recommended a final dividend of ₹1.25 per equity share (i.e., at 125% on the paid-up share capital) for the financial year ended March 31, 2026. The payment is subject to approval of shareholders at the ensuing Annual General Meeting.

Key Corporate Appointments

The board approved several significant personnel and governance changes at the May 13, 2026 meeting. The details are summarised below:

Mr. Ambarish Daga is a financial analyst with a background in operations management who manages overall corporate activities, and is not related to any director of the company. Mrs. Shruti Jatia has a career spanning over three decades in finance, accounts, and business operations, and is related to Mr. Anup Jatia, Non-Executive Director and Chairman of the company. Ms. Darshana Sawant (M. No.: A63226) is an Associate Member of the Institute of Company Secretaries of India with experience in compliance under the Companies Act, 2013, Listing Regulations, and other corporate laws.

Regulatory Disclosure and Company Background

In line with the company's Internal Code for Prevention of Insider Trading, the trading window for dealing in the company's securities had been closed from April 1, 2026, and will remain closed until 48 hours after the announcement of the financial results. The full format of the standalone and consolidated financial results is available on the BSE website at www.bseindia.com and on the company's website at www.blackrosechemicals.com . Black Rose Industries is headquartered at 145/A, Mittal Towers, Nariman Point, Mumbai – 400 021, with its factory located at Shree Laxmi Co-op. Industrial Estate Ltd., Hatkanangle, Dist. Kolhapur, Maharashtra. The company's CIN is L17120MH1990PLC054828, and its business activity falls within a single primary business segment of "Chemicals", with no separate reportable segments as per Ind AS 108.

Black Rose Industries Limited announced a series of key governance and personnel changes at its Board of Directors meeting held on Wednesday, May 13, 2026. The decisions, disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, encompass the appointment of a new Company Secretary and Compliance Officer, the re-designation of a Key Managerial Personnel, the re-appointment of two Whole-time Directors, and the naming of new statutory auditors for financial year 2026-27.

Appointment of Company Secretary and Compliance Officer

The board approved the appointment of Ms. Darshana Sawant as Company Secretary and Compliance Officer of the company with effect from May 13, 2026. Ms. Sawant (M.No: A63226) is an Associate Member of the Institute of Company Secretaries of India (ICSI) and brings experience in compliance under the Companies Act, 2013, Listing Regulations, and other relevant corporate laws.

Re-Designation of Key Managerial Personnel

The board also approved the re-designation of Mr. Ambarish Daga. He has been redesignated from his role as Joint Chief Financial Officer and Investor Relationship Officer to Investor Relationship Officer of the company. This change was made based on the recommendation of the Nomination and Remuneration Committee.

Re-Appointment of Whole-Time Directors

The board approved the re-appointment of two Whole-time Directors as Executive Directors, both subject to the approval of members through Postal Ballot. The key details are presented below:

Mr. Ambarish Daga is a financial analyst with a background in operations management who manages overall corporate activities. Mrs. Shruti Jatia has a career spanning over 3 decades, during which she has built a strong track record in managing finance, accounts, and business operations of companies engaged in manufacturing, trading, and investments. Both individuals are not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority.

Appointment of Internal Auditor and Cost Auditor for FY 2026-27

The board also approved the appointment of new auditors for the financial year 2026-27, fulfilling statutory requirements under the Companies Act, 2013. The details are as follows:

M/s. RMJ & Associates LLP comprises experienced chartered accountants providing specialized services in audit and assurance, direct and indirect tax, business advisory, accounting, and regulatory compliances. M/s. Poddar & Co. has rich experience and is specialized in providing services in cost accounting, cost audit, and other related services.

Regulatory Compliance

All disclosures have been made in accordance with Regulation 30 read with Schedule III – Para A (7B) of Part A of the SEBI Listing Regulations and the SEBI Master Circular bearing reference SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation was signed by Mrs. Shruti Jatia, Whole-time Director, on behalf of Black Rose Industries Limited.