Deepak Chemtex Limited has appointed M/s. ADMS and Company as its Internal Auditor for the financial year 2026-27 to strengthen its governance framework. The appointment was approved by the Board of Directors on May 29, 2026, based on the recommendation of the Audit Committee. This decision ensures compliance with regulatory requirements and enhances the company's internal control mechanisms.

The Board meeting, which commenced at 01:10 p.m. and concluded at 04:00 p.m., ratified the appointment of the Mumbai-based firm. M/s. ADMS and Company, a Chartered Accountant firm, brings extensive experience in statutory audits, internal audits, stock audits, and tax audits. The firm provides auditing, assurance, taxation, and advisory services across various verticals to a diverse client base.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing. There are no disclosed relationships between the directors of Deepak Chemtex Limited and the newly appointed auditor.

Appointment Details

Deepak Chemtex Limited reported a 32.4% decline in consolidated net profit to ₹846.88 lakh for the financial year ended March 31, 2026, compared to ₹1,250.92 lakh in the previous year. Revenue from operations dropped 14.9% to ₹6,763.87 lakh from ₹7,944.51 lakh in FY25, while total income decreased to ₹7,062.88 lakh. The company's Board of Directors approved the audited standalone and consolidated financial results for the half and full year at a meeting held on May 29, 2026.

Financial Performance

The decline in profitability was driven by reduced revenue and increased expenses. Total expenses for the year stood at ₹5,902.79 lakh, lower than the ₹6,523.12 lakh recorded in the previous year. Profit before tax for the year ended March 31, 2026, was ₹1,160.09 lakh, a decrease from ₹1,672.33 lakh in the prior year. The basic earnings per share (EPS) for the year fell to ₹7.80 from ₹11.69 in the corresponding period last year.

Consolidated Financial Results

Standalone Financial Results

On a standalone basis, the company reported a net profit of ₹659.26 lakh for FY26, down from ₹1,006.95 lakh in the previous year. Revenue from operations for the standalone entity decreased to ₹5,349.61 lakh from ₹6,799.68 lakh. Total expenses for the period were ₹4,755.61 lakh compared to ₹5,673.66 lakh in FY25.

Balance Sheet and Cash Flow

The company's consolidated total assets as of March 31, 2026, stood at ₹7,454.70 lakh, up from ₹6,711.96 lakh in the previous year. Shareholders' equity increased to ₹6,376.11 lakh, driven by reserves and surplus of ₹5,256.11 lakh. Cash and cash equivalents decreased to ₹401.94 lakh from ₹563.64 lakh at the end of the previous year.

Auditor's Report

Statutory auditors Mittal & Associates issued an audit report with an unmodified opinion for the half and financial year ended March 31, 2026. The auditors confirmed that the financial results present a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Accounting Standards. The audit was conducted in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013.