Promoters of bodal chemicals confirmed that no encumbrance was created on their shareholding during the financial year ended March 31, 2026. This declaration ensures that the promoters and persons acting in concert have not pledged or otherwise charged their shares directly or indirectly throughout FY26. The disclosure is significant for shareholders as it indicates the absence of leverage against promoter holdings, which is a key factor in assessing corporate governance and financial stability.

Suresh J. Patel, an authorised representative of the promoters and promoter group, submitted the declaration to BSE Ltd and National Stock Exchange of India Ltd on April 4, 2026. The filing was made in compliance with Regulation 31(4) of the SEBI Takeover Regulations 2011, which mandates such annual disclosures to maintain transparency regarding the holding status of promoters.

The declaration covers the entire promoter group, identifying eight individuals who fall under the category of promoters or promoter group members. The list includes Suresh J. Patel as the promoter, while Bhavin S. Patel, Ankit S. Patel, Meena S. Patel, Bansi M. Patel, Rakesh R. Patel, Shakuntala J. Patel, and Ramesh D. Patel are classified as members of the promoter group.

Promoter and Promoter Group Details

The following table outlines the individuals comprising the promoter and promoter group of Bodal Chemicals Limited:

The confirmation of unencumbered status for the financial year provides assurance to the market regarding the free status of the promoter's shares. The document was signed in Ahmedabad on April 4, 2026, and a copy was forwarded to the Chairman and members of the Audit Committee of Bodal Chemicals Limited.

Bodal Chemicals has released its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The company reported a consolidated net profit of 478.28 million rupees for FY26, a significant increase of 158.5% compared to 185.02 million rupees in the previous year. On a standalone basis, net profit for the year stood at 470.44 million rupees, rising from 195.78 million rupees in FY25. The growth was driven by improved volumes, better realizations, and the recognition of SGST incentive income from the Punjab government.

Operational Performance

The company achieved a total consolidated income of 20,538.90 million rupees in FY26, a growth of 16.9% year-on-year. For the fourth quarter ended March 31, 2026, consolidated net profit was 320.60 million rupees, compared to 145.04 million rupees in the corresponding quarter of the previous year. Quarterly income rose to 5,906.03 million rupees from 4,532.22 million rupees. The consolidated EBITDA for Q4 FY26 stood at 711.5 million rupees, a 43.4% increase, with margins improving to 12.0% from 10.9% in the year-ago quarter.

Segment Performance

Revenue from Dye intermediates grew by 6%, Dyestuff grew by 6%, and Basic Chemicals grew by 80% on a YoY basis during FY26. In Q4 FY26, Revenue from Dye Intermediates stood at 1,936 million rupees, growing by 21% YoY, while Revenue from Dyestuffs stood at 1,441 million rupees, a growth of 15% YoY. Revenue from Basic Chemicals stood at 632 million rupees, growing by 239% YoY, driven by a rise in raw material prices such as Sulphur and an increase in finished goods prices. The Chlor Alkali business reported revenue of 3,387 million rupees for FY26, remaining in line with the previous year.

Strategic Decisions

The Board of Directors approved the sale of Unit I, located at GIDC, Vatva, Ahmedabad, as the unit was inoperative and not significant in terms of revenue. The management's ongoing rationalisation and monetisation of non-core assets has helped to maintain cashflow and profitability. Additionally, the company noted that the Benzene downstream products at the Saykha plant achieved satisfactory production levels, though margins remain under pressure due to intense competition and subdued demand.

Key Financial Metrics

The following table summarizes the consolidated financial performance for the year and quarter ended March 31, 2026:

Revenue from operations included SGST incentive income of 269.80 million rupees recognized under the Punjab Industrial Incentive Scheme. The company also recognized exceptional items of 0.3 million rupees for the year related to a fire incident at Unit 7.