Camlin Fine Sciences has announced the shutdown of its Diphenol Plant located at Dahej SEZ-II in Gujarat. The decision follows severe constraints on the availability and prices of key raw materials required for the plant, driven by current geopolitical issues and the economic environment. The company had previously reduced capacity utilization at the facility and initiated steps toward its closure.

The shutdown is not expected to impact the production of downstream Straight products, as Hydroquinone has been secured through imports in anticipation of this event. Furthermore, the company maintains adequate inventory of Catechol to support the production of its Aroma products. The facility will remain closed, and any potential restart will be evaluated based on future improvements in the economic and geopolitical landscape. The company is also analyzing the possibility of repurposing the plant.

Separately, a fire incident occurred at the Diphenol Plant on the night of May 23, 2026, around 11:30 p.m. The fire was caused by a leakage of high-temperature thermic fluid, which spread toward the flaking unit. Due to reduced activity levels and ongoing shutdown procedures, the operations team contained the fire within an hour, extinguishing it by 12:30 a.m. on May 24, 2026. No serious injuries were reported, and the Vanillin facility was shut down as a precautionary measure.

A preliminary assessment indicates the incident resulted in the loss of approximately 30 MT of Catechol inventory and damage to the flaker machine, electrical cables, measuring instruments, and insulation. The estimated financial loss is around INR 2 crore. The company confirmed that the loss is adequately covered by insurance and that steps are being initiated to file a claim. Regulatory authorities have been informed, and measures have been taken to prevent environmental hazards.

Following the safety assessment, the company plans to restart Ethyl Vanillin production within the next 48 hours. It does not anticipate any impact on the sales of downstream Straights and Aroma products. The turnover of the Diphenol Plant for the financial year 2024-25 was Rs. 4,352.47 lakh, accounting for 5.06% of the company's total turnover.

Camlin Fine Sciences Limited has successfully completed its postal ballot process, with shareholders approving the resolution for increase in Authorized Share Capital and consequent amendment to Clause V of the Memorandum of Association of the Company. The resolution was passed with requisite majority on May 7, 2026, being the last date of voting. The outcome was disclosed to the stock exchanges on May 8, 2026, in compliance with Regulation 44 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Overview

The postal ballot process was initiated pursuant to a letter dated April 7, 2026, seeking consent of the members of the Company through remote e-voting. The cut-off date for determining eligible equity shareholders was Friday, April 3, 2026. The voting period commenced on Wednesday, April 8, 2026, at 9:00 a.m. (IST) and concluded on Thursday, May 7, 2026, at 5:00 p.m. (IST). Voting was conducted in electronic mode only, facilitated through the portal of National Securities Depository Limited (NSDL). The total number of shareholders on the cut-off date stood at 53,231.

Voting Results Summary

The following table presents the consolidated voting results across all shareholder categories for the resolution on increase in Authorized Share Capital:

Category-Wise Voting Breakdown

The voting participation and results varied across shareholder categories. The Promoter and Promoter Group cast all their votes in favour, while Public Institutions also voted unanimously in favour. A marginal dissent was recorded from the Public Non-Institutions category. The detailed category-wise results are as follows:

Scrutinizer's Report

The Scrutinizer's Report dated May 8, 2026, was submitted by J. H. Ranade, Partner of JHR & Associates, Practicing Company Secretaries, Thane (FCS: 4317, CP: 2520), who was appointed by the Board of Directors to oversee the postal ballot voting process. The report was prepared pursuant to Section 108 and Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014. After the close of the remote e-voting period, votes were unblocked and a detailed voting summary report was downloaded from the NSDL portal in the presence of two independent witnesses.

The ballot-wise summary of votes cast for the special resolution is presented below:

Voted in Favour:

Voted Against:

No invalid, less-voted, or abstained ballots were recorded. The promoter and promoter group were not identified as interested parties in the resolution. The voting results along with the Scrutinizer's Report are available on the Company's website at www.camlinfs.com . The disclosure was signed by Rahul Sawale, Company Secretary & VP Legal, on behalf of Camlin Fine Sciences Limited.