Chemtech Industrial Valves Limited has re-appointed Mr. Vikas More as Internal Auditor for a period of one year effective April 01, 2026. The decision ensures continuity in the company's internal audit oversight, a critical component of corporate governance and financial control. The re-appointment follows the recommendations of the Nomination and Remuneration Committee and the Audit Committee.

The Board of Directors approved the re-appointment at its meeting held on May 30, 2026. Mr. Vikas More is a B. Com Graduate with more than 08 years of experience in the field of accounting and auditing. There are no disclosed relationships between the individual and the directors of the company.

The company acknowledged a delay in submitting this specific disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015. It attributed the delay to an inadvertent administrative oversight, noting that the information had previously been disclosed as part of the Board Meeting outcome filed on May 30, 2026. The company has stated it has implemented measures to prevent recurrence.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Chemtech Industrial Valves Limited reported a 28.5% decline in net profit to ₹501.69 crore for the financial year ended March 31, 2026, compared to ₹701.68 crore in the previous year. Revenue from operations fell 26.3% to ₹3,017.21 crore from ₹4,093.91 crore in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at their meeting held on May 30, 2026. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted newspaper clippings of these audited results as published in Business Standard (English) and News Hub (Marathi-Regional) on June 1, 2026.

Financial Performance

The company's total income from operations for FY26 stood at ₹3,555.50 crore, a decrease from ₹4,267.18 crore in the prior year. For the quarter ended March 31, 2026, net profit was ₹59.70 crore, while total income from operations was ₹1,128.50 crore. The following table summarises the key financial metrics for the period:

Quarterly Performance

For the quarter ended March 31, 2026, the company's key metrics compared to the same quarter of the prior year are presented below:

Auditor's Report and Disclosures

Statutory Auditor M/s. Raju & Prasad issued an unmodified opinion on the financial statements. The auditor's report drew attention to a contingent liability regarding CKP bank, whose licence was withdrawn by RBI. The company received ₹500,000, which was adjusted against the current account balance, with the remaining amount to be distributed if reserves are available.

The report also highlighted a Show Cause Notice from DGCI Mumbai regarding ineligible Input Tax Credit (ITC) utilised, amounting to ₹3,94,48,606. While the appeal waived the basic ITC amount and interest, penalties of ₹3,94,48,606 under the CGST Act and ₹3,95,41,718 under the MGST Act were imposed. The company has filed an appeal against these penalties.

Capital Structure and Fund Utilisation

During the year, the company converted 5,00,000 warrants into equity shares of ₹10 each at an issue price of ₹200 per share, receiving an aggregate amount of ₹10,00,00,000. Additionally, 2,50,000 warrants of Capri Global Holding Private Limited were forfeited due to non-payment of the balance consideration, with ₹1,25,00,000 transferred to Capital Reserve. The company stated that proceeds from the conversion of warrants were used for the stated purposes with no material deviation. The audited results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 30, 2026, and are available on the BSE website and the company's website at www.chemtechvalves.com .