Ester Industries Limited shareholders have approved the re-designation of Mr. Arvind Singania from Managing Director to Non-Executive, Non-Independent Chairman and sanctioned a revision in remuneration for Mr. Ayush Vardhan Singania, Whole-Time Director. The resolutions were passed through a remote e-voting process conducted between 24 April 2026 and 23 May 2026.

The postal ballot was held pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Akash Jain, Practising Company Secretary, was appointed as the Scrutinizer to oversee the voting process. The cut-off date for determining shareholder eligibility was 17 April 2026, with a total of 37,555 members recorded as on this date.

Resolution Results

The first resolution, an ordinary resolution regarding the re-designation of Mr. Arvind Singania, received 99.83% approval from valid votes cast. The second resolution, a special resolution concerning the remuneration revision for Mr. Ayush Vardhan Singania, was passed with 99.30% of valid votes in favour. Votes from interested related parties were excluded from the count for both resolutions.

Voting Details

A total of 97,586,191 shares were eligible for voting. Public institutional shareholders cast 34,701 votes, while public non-institutional shareholders cast 8,186,118 votes. The promoter and promoter group did not participate in the e-voting process. The scrutinizer confirmed that the votes were unblocked on 26 May 2026.

Ester Industries has announced the transcript of its earnings call held on 15th May 2026, discussing the audited financial results for the quarter and year ended 31st March 2026. The extract of the results was published on 15th May 2026 in Financial Express and Vir Arjun, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors had approved the results at its meeting held on 13th May 2026.

Q4 FY26 Performance Highlights

For the quarter ended 31st March 2026, the company reported a strong recovery in consolidated performance. Consolidated net profit surged to ₹7.9 crore from ₹2.0 crore in the year-ago quarter. On a standalone basis, net profit for Q4 stood at ₹4.4 crore compared to ₹12.3 crore in Q4 FY25. Consolidated total income grew 7.2% to ₹345.1 crore, while EBITDA rose 10.7% to ₹43.3 crore, with margins expanding 40 bps to 12.6%.

Full Year Financial Performance

For the financial year ended 31st March 2026, the company reported a standalone net profit of ₹4.4 crore, a decrease from ₹40.5 crore in the previous year. On a consolidated basis, the company reported a net loss of ₹27.5 crore for FY26 against a net profit of ₹13.7 crore in the previous year. Consolidated revenue from operations increased 7.2% to ₹1,392.7 crore from ₹1,299.0 crore. The Board has recommended a final dividend of ₹0.25 per equity share for FY 2025-26, subject to shareholder approval.

Business Highlights

Management noted that the quarter marked a meaningful inflection point, with major headwinds from Chinese dumping and US trade tariffs moderating. The Directorate General of Trade Remedies (DGTR) has imposed anti-dumping duties on BOPET film imports from China and certain other countries, with formal imposition by the Ministry of Finance expected in due course. Consolidated capacity utilization for BOPET film improved to 78% in FY26 from 74% in FY25.

Sales of rPET increased by 258% to 5,325 MT, with revenue rising to ₹59.3 crore. Specialty Polymers revenue grew by 16% to ₹179.3 crore. The company has commissioned a state-of-the-art rPET extruder in Hyderabad with a capacity of 20,000 metric tons per annum. Ester Filmtech delivered an impressive performance during Q4 FY26, with capacity utilization reaching 85% compared to 59% in Q4 FY25, and total income surging 67.7% year-on-year to ₹131.7 crore.