Chemplast Sanmar reported a minor fire incident at its Ethylene-Di-Chloride (EDC) manufacturing plant located within the Karaikal facility in Puducherry on July 17, 2026. The incident occurred at approximately 10:30 AM, resulting in no injuries or casualties. Following the fire, the Puducherry Pollution Control Committee has since ordered the closure of the EDC manufacturing plant, with operations placed on hold until further notice. The company is also required to present a compliance report to the regulatory authority.

Regulatory Action and Plant Closure

In the wake of the fire incident, the Puducherry Pollution Control Committee issued a closure order for Chemplast Sanmar's EDC manufacturing plant at the Karaikal facility. Operations at the plant remain suspended until further notice, and the company is directed to submit a compliance report as part of the regulatory process. The company had earlier stated that it was taking all necessary measures to restore operations at the EDC plant at the earliest.

Insurance and Regulatory Disclosures

The damage caused by the fire accident is adequately covered by insurance, according to the company's disclosure. Chemplast Sanmar is in the process of ascertaining the specific quantum of loss or damage caused by the incident. The intimation was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, referencing Para B(6) of Part A of Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Chemplast Sanmar Limited has scheduled its 42nd Annual General Meeting (AGM) for August 7, 2026, at 3:00 PM IST through video conferencing and other audio-visual means. The meeting will be conducted virtually, with the registered office in Chennai serving as the deemed venue. Shareholders will vote on several key resolutions, including the adoption of financial statements for the financial year ended March 31, 2026, and the appointment of a new director to fill a casual vacancy.

The Board of Directors has recommended the appointment of Mr V S Radhakrishnan as a Non-Executive and Non-Independent Director. This appointment fills the vacancy caused by the resignation of Mr Sumit Maheshwari. Additionally, the meeting will seek shareholder approval to ratify the remuneration of ₹ 5,75,000 for N Sivashankaran & Co., Cost Accountants, for the cost audit of the financial year 2026-27.

Financial Performance

The company reported a financial performance for the year ended March 31, 2026, as detailed in the notice:

The notice attributes the loss for FY26 to a difficult market environment and exceptional items, citing significant adverse impacts from the dumping of PVC into India.

Director Remuneration

Shareholders will also consider a resolution to approve the payment of commission or remuneration to Independent Directors for a period of three years from FY27 to FY29. The proposed remuneration is the higher of 1% of net profits or a sum as per Schedule V of the Companies Act, 2013, subject to a maximum of ₹ 1,00,00,000 per year in aggregate. This excludes sitting fees and meeting expenses.

E-voting and Participation

Remote e-voting will commence on August 4, 2026, at 9:00 AM IST and conclude on August 6, 2026, at 5:00 PM IST. The voting rights will be determined based on shareholding as of the cut-off date, July 31, 2026. The company has engaged KFin Technologies Limited to facilitate the e-voting process and virtual meeting participation. Members can attend the meeting and cast votes through the VC/OAVM platform using their e-voting credentials.

B Ravi & Associates (Firm Registration Number: P2016TN052400), represented by CS Dr. B. Ravi (FCS No.:1810 CP No.:3318), will act as the scrutinizer for the entire voting process. The company has published the notice in newspapers including Financial Express (English) and Dinamani (Tamil) in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.