CHD Chemicals reported a widened net loss of ₹31.38 crore for the financial year ended March 31, 2026, compared to a loss of ₹19.64 crore in the previous year. Revenue from operations declined 23.7% to ₹525.32 crore from ₹688.45 crore in FY25. The company's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

The statutory auditor, GAMS & Associates LLP, issued an adverse opinion on the standalone financial statements. The report states that the company prepared its financial statements in accordance with the Accounting Standards specified under Section 133 of the Companies Act, 2013, rather than the mandated Indian Accounting Standards (Ind AS). Consequently, the financial statements do not give a true and fair view as they were not prepared using the applicable financial reporting framework. The effects of these departures on assets, liabilities, and equity have not been determined by management.

Financial Performance for FY26

For the quarter ended March 31, 2026, the company reported a net loss of ₹1.66 crore, compared to a profit of ₹6.57 crore in the same quarter of the previous year. Revenue for Q4FY26 stood at ₹153.26 crore, slightly up from ₹143.68 crore in Q4FY25.

Balance Sheet Highlights

The total assets of the company decreased to ₹2,007.48 crore as of March 31, 2026, from ₹2,124.60 crore in the previous year. Current assets declined to ₹1,949.73 crore, driven by a reduction in trade receivables and cash & cash equivalents. Borrowings increased to ₹577.63 crore from ₹494.99 crore in FY25. The net worth of the company stood at ₹1,280.56 crore, down from ₹1,311.95 crore in the prior year.

CHD Chemicals Limited convened an Extra Ordinary General Meeting (EGM) on Monday, May 4, 2026, at 11:30 A.M. through Video Conferencing (VC) / Other Audio-Visual Means (OAVM), to seek shareholder approval for filling a casual vacancy in the position of Statutory Auditor. The vacancy arose following the resignation of M/s DSP & Associates (FRN - 006791N), Chartered Accountants, from the role. The voting results and Consolidated Scrutinizer's Report were subsequently filed with BSE Limited on May 6, 2026.

Voting Process and Timeline

The e-voting process was facilitated through CDSL, with the cut-off date for identifying eligible members set as Monday, April 27, 2026. The remote e-voting window remained open from Friday, May 1, 2026 (9:00 A.M.) to Sunday, May 3, 2026 (5:00 P.M.), after which the voting portal was blocked. Members who had not participated in remote e-voting were provided the opportunity to vote during the EGM proceedings on May 4, 2026. The votes were unblocked at S.A.S. Nagar Mohali on Monday, May 5, 2026, at 12:29 P.M.

CS Neeraj Jindal of Neeraj Jindal & Associates, Company Secretaries, was appointed as Scrutinizer by the Board of Directors to oversee the voting process and ensure it was conducted in a fair and transparent manner.

Resolution: Appointment of Statutory Auditor

The sole item on the agenda was an Ordinary Resolution for the appointment of M/s Gams & Associates LLP, Chartered Accountants (ICAI Firm Registration No. N500094), as Statutory Auditor of the company. The appointment was made pursuant to Section 139(8) of the Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014, and upon the recommendation of the Audit Committee and Board of Directors. M/s Gams & Associates LLP is appointed from the conclusion of this EGM and shall hold office up to the ensuing Annual General Meeting to be held for FY 2025-2026, at a remuneration to be mutually agreed upon between the Board of Directors and the firm, plus applicable taxes and out-of-pocket expenses.

Voting Results

The following table presents the consolidated voting outcome for Item No. 1 of the EGM Notice dated April 9, 2026:

Based on the above results, the Ordinary Resolution contained in Item No. 1 of the Notice dated April 9, 2026, was passed and approved with the requisite majority. The Scrutinizer's report was signed by CS Neeraj Jindal on May 5, 2026, and counter-signed by Ankit Kothari, Chairman (DIN: 06883692), on behalf of CHD Chemicals Limited.