Caprolactam Chemicals Limited has recommended the appointment of M/s. Raman S. Shah & Co as its statutory auditors. The Board of Directors approved the proposal during a meeting held on August 31, 2026.

The recommendation follows advice from the Audit Committee, which cited the firm’s professional expertise and suitability for the company’s audit requirements. The proposed engagement is subject to shareholder approval at the ensuing Annual General Meeting (AGM).

Auditor Details

The firm, bearing Registration No. 111919W, is led by signing partner Raman S. Shah (Membership No. 033272). The proposed audit fees are set at ₹110000 plus applicable taxes and reimbursement of out-of-pocket expenses.

The appointment requires receipt of requisite consent and eligibility certificates confirming compliance with the Companies Act, 2013. The firm has no relationship with the company’s directors or key managerial personnel.

AGM Logistics

The board also approved logistical arrangements for the 37th AGM, scheduled for September 28, 2026, at 10:30 am. Purva Sharegistry (India) Pvt. Ltd. has been appointed to handle e-voting services.

Mr. Rahul Shivji Gori was appointed as the scrutinizer for the e-voting process. The record date for determining voting eligibility is September 21, 2026. Shareholders may cast votes electronically from 9:00 am on Thursday, September 24, 2026, to 5:00 pm on Sunday, September 27, 2026.

Caprolactam Chemicals Limited Caprolactam Chemicals reported a standalone net loss of ₹98.86 lakh for the quarter ended June 30, 2026, compared to a net profit of ₹36.21 lakh in the same period of FY25. The company’s revenue from operations fell significantly to ₹46.77 lakh, down from ₹256.47 lakh in Q1 FY25.

The Board of Directors approved the unaudited standalone financial results in a meeting held on August 13, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Pulindra Patel & Co., in compliance with SEBI Listing Regulations.

Financial Performance

The company’s total income for the quarter stood at ₹46.86 lakh, including other income of ₹0.09 lakh. Total expenses amounted to ₹145.74 lakh, resulting in a pre-tax loss of ₹98.88 lakh. After accounting for a tax credit of ₹0.02 lakh, the net loss after tax was ₹98.86 lakh.

What the Numbers Show

A notable divergence exists between the decline in top-line revenue and the persistence of fixed costs. While revenue from operations dropped by over 80% year-on-year, finance costs remained relatively stable at ₹17.76 lakh in Q1 FY26 versus ₹18.25 lakh in Q1 FY25. Similarly, depreciation expenses were ₹36.71 lakh, only slightly lower than the ₹38.02 lakh recorded in the prior year period. This rigidity in cost structure amplified the impact of the revenue contraction on the bottom line, turning a profitable quarter into a significant loss.