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.

Bodal Chemicals reported a sharp acceleration in profitability for the quarter ended June 30, 2026 (Q1FY27), with standalone net profit after tax (PAT) surging 179% year-on-year to ₹287.83 million. This performance significantly outpaced the previous year's figure of ₹103.42 million and was underpinned by a robust 56% year-on-year expansion in revenue from operations to ₹6,982.96 million. The strong bottom-line growth reflects improved operational efficiency and successful pass-through of higher raw material costs to finished goods, driven by better demand across its integrated chemical divisions.

The Board of Directors approved the unaudited financial results on August 5, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. B N P S & Associates LLP, the Statutory Auditors of the Company, issued limited review reports for both standalone and consolidated results. Consolidated net profit also increased sharply to ₹303.79 million, up from ₹95.33 million in the prior year quarter, while consolidated revenue reached ₹7,090.41 million.

Financial Performance Highlights

Revenue from operations stood at ₹6,982.96 million for the quarter, compared to ₹5,770.99 million in the previous quarter and ₹4,448.47 million in the same quarter last year. Total income for the period reached ₹7,035.75 million. On the expense side, total expenses were recorded at ₹6,648.34 million, driven primarily by cost of materials consumed at ₹4,811.13 million and other expenses at ₹1,779.35 million. Profit before tax was ₹387.41 million, against which tax expense amounted to ₹99.58 million.

Consolidated EBITDA grew year-on-year to ₹692 million, with the EBITDA margin at 9.91% compared to 11.2% in Q1FY26, reflecting the impact of higher raw material costs linked to crude oil prices.

Segmental Growth Drivers

The investor presentation highlighted that the company's integrated model and cascading effect resulted in better realization across divisions. Revenue from Dye Intermediates grew by 44% year-on-year to ₹2,166 million, driven by improved realization and volume. Dyestuff revenue grew by 23% year-on-year to ₹1,490 million, where improved realization helped absorb raw material pressure. Revenue from Basic Chemicals surged by 89% year-on-year to ₹839 million, mainly due to an increase in its main raw material, Sulphur. The Chlor Alkali business reported revenue of ₹870 million, a modest growth of 3% year-on-year.

Additionally, Saykha's Benzene downstream division started contributing to the topline during the quarter, with management expecting gradual revenue growth from this segment. On the international front, Sener Boya, the Turkish subsidiary, reported revenue growth of 41% and a PAT of ₹22 million for Q1FY27. In contrast, the Chinese and Indonesian subsidiaries remained subdued during the quarter.

What the Numbers Show

The most notable aspect of this quarter's performance is the disproportionate rise in profitability relative to revenue growth. While revenue increased by approximately 57% year-on-year, net profit surged by nearly 179%. This divergence suggests improved operational efficiency or margin expansion, despite the contraction in EBITDA margin. The recognition of ₹25.71 million in SGST incentive income under the Punjab Industrial Incentive Scheme contributed to revenue, subject to final verification by the competent authority. The company's ability to pass on price effects due to better demand has been critical in maintaining margins amidst rising crude oil-linked raw material costs.

Key Disclosures and Notes

The financial results include the impact of Ind AS 29 – 'Accounting of Hyperinflationary economies' applied to subsidiaries in Turkey. A restatement impact of ₹13.10 million was debited to other expenses in the consolidated results for the quarter. The Group noted that four subsidiaries' interim financial information had not been reviewed by their auditors but were deemed not material to the Group, with total income of ₹91.55 million and a net loss of ₹1.84 million. Two other subsidiaries' results were reviewed by other auditors, reflecting total income of ₹73.57 million and net profit of ₹21.47 million.