Godavari Biorefineries Ltd has been granted a European patent for its biofiller technology designed for rubber reinforcement. The European Patent Office issued the certificate on August 12, 2026.

The company disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to the National Stock Exchange of India Limited and BSE Limited on September 5, 2026.

Patent Details

The granted patent, numbered EP3313916, covers an invention titled "A Biofiller for Rubber Reinforcement." The technology aims to provide an efficient, economic, and biodegradable alternative to conventional carbon black used in tyres and other rubber goods.

Application Scope

The biofiller is engineered to partially replace carbon black while maintaining or improving key mechanical properties. The invention includes a scalable manufacturing process suitable for industrial applications.

Potential use cases identified by the company include:

• Tyres
• Footwear
• Belts
• Bags
• Other industrial rubber goods

The technology combines performance benefits with cost savings and environmental advantages, positioning it as a value-driven solution for the rubber industry.

Corporate Disclosure

Manoj Jain, Company Secretary and Compliance Officer of Godavari Biorefineries Limited, signed the disclosure letter. The company is headquartered at Somaiya Bhavan, Fort Mumbai, Maharashtra.

Godavari Biorefineries has scheduled its 71st Annual General Meeting for September 28, 2026. The meeting will be held at 11:30 am via video conferencing. Remote e-voting commences on September 25, 2026, and concludes on September 27, 2026. Shareholders holding shares as on September 21, 2026 are eligible to vote.

The company dispatched the annual report for FY26 to eligible members on September 4, 2026. The document is also available on the company website. The agenda includes the adoption of audited financial statements and several special resolutions regarding board appointments and remuneration approvals.

Financial Performance

The company reported a significant turnaround in profitability for FY26 compared to the previous year. Revenue from operations rose to ₹1,96,492.02 lakh from ₹185,316.64 lakh in FY25.

Profit before depreciation, interest, exceptional items, and tax increased to ₹13,453.40 lakh from ₹11,606.18 lakh. Finance costs declined sharply to ₹4,844.57 lakh from ₹7,160.79 lakh, aiding the bottom line. The company returned to profit after tax, reporting ₹123.62 lakh against a loss of ₹2,175.95 lakh in the prior year.

What the Numbers Show

The shift from a substantial loss to a modest profit was driven primarily by a reduction in finance costs rather than an expansion in operating margins. While PBDIT grew by approximately 15.9%, finance costs fell by nearly 32.4%. This divergence suggests that interest cost management played a larger role in the turnaround than operational leverage during the period.

Board Appointments

The meeting will seek approval for the reappointment of Samir S. Somaiya as Managing Director for three years, effective April 1, 2027. His remuneration includes a basic salary of ₹17,95,360 per month and a commission of 2% of net profit.

Suhas Godage is proposed for reappointment as Whole-Time Director (Executive Director, Works-Sakarwadi) for three years starting April 1, 2027. His package includes a basic salary of ₹254,190 per month and a performance incentive capped at ₹20 lakh annually.

Dinesh Sharma will be appointed as a director and subsequently as Whole-Time Director (Executive Director, Works-Sameerwadi) effective from the date of the AGM. He currently serves as Chief Technical Officer at the Sameerwadi unit. His remuneration includes a basic salary of ₹255,030 per month.

Dr Raman Ramchandran and Suhas Godage are retiring by rotation and offer themselves for reappointment as directors.

Other Business

The company seeks ratification for the remuneration of cost auditor M/s R. Nanabhoy & Co., amounting to ₹6,40,000 per annum plus taxes for the financial year ending March 31, 2027.

Shareholders will also vote on contributing up to ₹1,40,00,000 to charitable and other funds in any financial year. Additionally, approval is sought for accepting fixed deposits from the public and members under three schemes offering interest rates between 8.50% and 9.50% per annum depending on tenure.