Daikaffil chemicals India Limited has announced the resignation of its Company Secretary & Compliance Officer, Mr. Jay Patel, in a regulatory filing dated March 18, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Resignation

The resignation details are structured as follows:

Regulatory Compliance and Timeline

The company has fulfilled its disclosure obligations under SEBI regulations, providing comprehensive documentation including the resignation letter and required annexures. Mr. Patel will be relieved from his position effective close of business hours on May 02, 2026, providing the company with a transition period of approximately six weeks.

Company's Response and Next Steps

Daikaffil Chemicals India Limited has confirmed that it is actively identifying a suitable candidate to fill the vacancy created by Mr. Patel's departure. The company stated that the replacement will be appointed within the timelines prescribed under applicable laws. Managing Director Raghuram K Shetty signed the disclosure document, emphasizing the company's commitment to regulatory compliance.

Official Statement

In his resignation letter addressed to the Board of Directors, Mr. Patel expressed gratitude to the Board, CFO, Senior Management, and colleagues for their support during his tenure. The company has confirmed that there are no material reasons for the resignation beyond those mentioned in the official resignation letter. Further updates regarding the appointment of a new Company Secretary will be disclosed to stock exchanges as per SEBI LODR Regulations.

Daikaffil chemicals India Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing mixed performance indicators amid operational challenges. The Board of Directors approved these results during their meeting held on February 10, 2026, with statutory auditors M/s N V C & Associates LLP providing an unmodified opinion on the financial statements.

Quarterly Financial Performance

The company's third quarter performance for FY26 showed continued losses, though with some improvement compared to the previous year. Revenue from operations declined substantially during the quarter, reflecting challenging market conditions.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company reported total income of ₹1,141.63 lacs compared to ₹375.55 lacs in the corresponding period of the previous year. Despite higher revenue, the company recorded a net loss of ₹124.97 lacs for the nine-month period.

Expense Structure and Operational Metrics

The company's expense structure for Q3 FY26 totaled ₹184.72 lacs, with cost of materials consumed at ₹33.34 lacs and employee benefit expenses at ₹46.26 lacs. Other expenses constituted ₹84.40 lacs during the quarter. The company maintained minimal finance costs at ₹0.00 lacs for the quarter.

Corporate Developments

Daikaffil Chemicals incorporated a wholly-owned subsidiary, Mikusu Global Industries Limited, on August 22, 2025. The subsidiary commenced operations during the quarter, leading to the preparation of consolidated financial statements for the first time. The consolidated results showed a net loss of ₹37.50 lacs for Q3 FY26 and ₹128.75 lacs for the nine-month period.

Business Operations and Outlook

The company operates in the manufacturing of Optical Brightening Agents (OBA) and other chemicals, functioning within a single business segment. The paid-up equity share capital remains unchanged at ₹600.00 lacs with a face value of ₹10 per share. The financial results will be published in newspapers and made available on the company's website at www.daikaffil.com and BSE's website.