india gelatine & chemicals has dispatched the notice for its 54th Annual General Meeting (AGM) and the Annual Report for FY26, confirming a robust financial performance where net profit after tax (PAT) surged 44.4% to ₹25.10 crore. The meeting, scheduled for Tuesday, August 25, 2026, at 11:00 a.m., will be conducted via Video Conferencing or Other Audio-Visual Means (OAVM). Shareholders are advised that remote e-voting will commence on Saturday, August 22, 2026, at 10:00 a.m., and conclude on Monday, August 24, 2026, at 5:00 p.m.

The company’s financial results for FY26 reveal a significant divergence between top-line revenue and bottom-line profitability. While revenue from operations contracted by 14.5% to ₹169.81 crore from ₹198.53 crore in FY25, PAT rose sharply to ₹25.10 crore from ₹17.39 crore. This expansion was driven by improved EBITDA, which increased 30.5% to ₹37.62 crore, reflecting effective cost optimization measures despite a 16% drop in gelatine selling prices and a 30% decline in ossein prices. The Board has recommended a final dividend of ₹6 per equity share, up from ₹5 in the previous year.

Key Financial Metrics

AGM Agenda and Voting Details

Shareholders will vote on several special resolutions at the upcoming AGM. Key items include the re-appointment of Maheswaran Sankaralingam as a Non-Executive Director under Regulation 17(1A) of the SEBI Listing Regulations, noting he has attained the age of 75. Additionally, shareholders will approve a revised remuneration structure for P. Velmurugan, Whole-Time Director, totaling ₹1.22 crore per annum effective from April 1, 2026. The Board also seeks approval for shifting the registered office from Navrangpura, Ahmedabad, to Vapi, Gujarat.

The cut-off date for determining voting rights and dividend entitlement is Tuesday, August 18, 2026. Consequently, the Register of Members and Share Transfer Books will remain closed from Wednesday, August 19, 2026, to Tuesday, August 25, 2026. Members can cast their votes via the Central Depository Services (India) Limited (CDSL) platform. Mr. Chirag Shah, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the e-voting process.

Operational Efficiency Drives Margins

Management attributed the margin improvement to rigorous cost controls, including an approximate 8% reduction in power costs aided by its solar power plant, which generated estimated savings of over ₹2.5 crore. Improved efficiency in hot air generators further lowered energy consumption. Despite global price pressures in the gelatine sector, the company maintained stable raw material availability, particularly crushed bones, ensuring uninterrupted operations. The increase in net worth to ₹193.56 crore strengthens the balance sheet, supporting future investments such as the planned ₹80 crore capacity expansion project.

India Gelatine & Chemicals Limited has fixed Tuesday, August 18, 2026, as the record date to determine shareholder eligibility for the final dividend. The Board of Directors, during its meeting on May 21, 2026, recommended a dividend of ₹6 per equity share of ₹10 each for the financial year ended March 31, 2026. This payout is subject to shareholder approval at the 54th Annual General Meeting scheduled for August 25, 2026, via Video Conferencing.

For the full year ended March 31, 2026, the company reported a net profit of ₹2,510.17 crore, a 44.3% increase from ₹1,738.93 crore in the previous year. Revenue from operations for the year stood at ₹16,980.52 crore, compared to ₹19,852.87 crore in the prior year. Total income for FY26 was ₹17,819.38 crore.

Financial Performance

The company’s profit before tax for the year rose to ₹3,261.39 crore from ₹2,264.84 crore in FY25. For the quarter ended March 31, 2026, net profit was ₹447.53 crore, while revenue from operations stood at ₹3,897.94 crore. Total expenses for the year were reported at ₹14,557.99 crore.

Corporate Actions

The board approved the appointment of M/s. P.B. Singh and Associates (Chartered Accountants) as the Internal Auditor for FY 2026-27. Additionally, the board approved the shifting of the registered office from Ahmedabad to Plot No. 1-A, 1st Phase, Industrial Estate, GIDC, Vapi, Gujarat – 396195, subject to shareholder approval via special resolution.