Bodal Chemicals filed its Annual Report for FY26 with stock exchanges on August 31, 2026, ahead of its 40th AGM scheduled for September 25, 2026. Consolidated revenue rose 16.9% YoY to ₹2,053.9 crore while PAT surged 158.5% to ₹47.8 crore.

The filing was made pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The 40th AGM will be held via video conferencing at 12:00 noon. The Board recommended no dividend for FY26, citing prevailing business conditions and the company's Dividend Distribution Policy.

FY26 Financial Performance (Consolidated)

FY26 marked a significant recovery for Bodal Chemicals, with the company crossing the ₹2,000 crore revenue milestone. Growth was driven by improved volumes across segments, better realisations, and recognition of SGST incentive income from the Punjab Industrial Incentive Scheme.

Key financial ratios also improved. Return on equity rose from 1.7% to 4.1%, return on capital employed expanded from 6.8% to 8.9%, and net working capital days declined from 124.9 to 104.8, reflecting tighter operational efficiency. The debt-equity ratio improved from 0.79x to 0.67x.

Segment-Wise Revenue Performance

All three core segments registered YoY revenue growth. Basic Chemicals recorded the sharpest expansion, driven by elevated sulphur prices and progressive ramp-up of the Saykha benzene downstream facility.

The Chlor-Alkali business reported revenue of ₹3,387 mn, remaining broadly in line on a YoY basis as demand gained traction from water treatment and hygiene segments.

Saykha Greenfield Facility and Strategic Expansion

A key strategic milestone during the year was the commissioning and ramp-up of the greenfield facility at Saykha, Gujarat. This facility marks Bodal Chemicals' entry into benzene derivatives — including MCB, PNCB, ONCB, MNCB, and DCB — opening access to pharmaceuticals, agrochemicals, pigments, and polymer markets. The plant is equipped with German Adiabatic Nitration Technology and India's first Continuous Crystallisation system for PNCB, sourced from Switzerland. Total benzene downstream capacity stands at 63,000 MTPA.

The company also permanently decommissioned legacy units at Vatva, with production absorbed by upgraded facilities at Vadodara and Kosi, delivering reduced fixed overheads and improved energy efficiency. During the year, Unit II and Unit III at Vatva were sold to unrelated parties at prevailing market prices.

Subsidiary Performance

Subsidiaries in China and Indonesia were standout performers, recording strong double-digit revenue growth. The Turkish subsidiary, Sener Boya, was impacted by hyperinflationary conditions.

Capital Structure and Debt

As on March 31, 2026, total debt stood at ₹8,001.57 mn, with cash and cash equivalents of ₹74.61 mn, resulting in net debt of ₹7,926.96 mn compared to ₹8,921.73 mn as on March 31, 2025. Working capital loans comprised ₹4,599.90 mn and long-term loans ₹3,401.67 mn. Capital expenditure for the year was ₹356.28 mn. The company's bank facilities aggregating ₹1,127.53 crore carry a long-term rating of IVR A- Stable and short-term rating of IVR A2+ from Infometrics Valuation and Rating Ltd.

AGM Details and Agenda

The 40th AGM is scheduled for Friday, September 25, 2026, via video conferencing at 12:00 noon. Key agenda items include:

• Adoption of financial statements: Audited standalone and consolidated financial statements for FY26
• Director reappointment: Mr. Ankit S. Patel (DIN: 02173231), Executive Director, retires by rotation and offers himself for reappointment; he held 72,61,072 shares (5.77% of paid-up capital) as on March 31, 2026
• Cost auditor remuneration: Ratification of ₹1,80,000 plus GST for M/s. Kiran J. Mehta & Co. for FY27

Remote e-voting via CDSL runs from 9:00 am on September 22, 2026 to 5:00 pm on September 23, 2026. The record date is September 18, 2026 and the register of members remains closed from September 19 to September 25, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE338D01028/2eb908fd-c5ac-4417-bbe8-cab82a5f0e4d.pdf

Bodal Chemicals has scheduled its 40th Annual General Meeting (AGM) for Friday, September 25, 2026, at 12:00 pm. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), allowing shareholders to participate remotely.

The company confirmed that the Register of Members and Share Transfer Book will remain closed from Saturday, September 19, 2026, to Friday, September 25, 2026, inclusive. This closure is necessary to determine the list of shareholders eligible to vote and receive dividends during the AGM period.

E-Voting Facility

Bodal Chemicals is offering an e-Voting facility to its shareholders through the Central Depository Services Limited (CDSL) e-Voting platform. This digital mechanism enables members to cast their votes electronically without attending the meeting physically.

The e-Voting window is open from 9:00 am on Tuesday, September 22, 2026, until 5:00 pm on Thursday, September 24, 2026. Shareholders who have not voted electronically can still cast their votes during the AGM process on September 25.

Key Dates and Deadlines

The cut-off date for determining eligibility for the e-Voting facility is Friday, September 18, 2026. Only shareholders registered in the company’s books as of this date are entitled to vote on the businesses transacted at the AGM.

Ashutosh B. Bhatt, Company Secretary and Compliance Officer of Bodal Chemicals, issued the intimation to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on August 17, 2026.