Technichem Organics Independent Director resigns effective July 7, 2026

Technichem Organics Limited has accepted the resignation of Ms. Jaina M. Mehta from the position of Independent Director, effective July 7, 2026. The resignation was tendered due to her pre-occupation elsewhere, preventing her from devoting sufficient time to the company's affairs. The Board of Directors and the management have placed on record their appreciation for her guidance and contributions during her tenure.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no other material reasons for the resignation beyond the stated pre-occupation. Ms. Mehta does not hold any directorship or membership of any Board Committee in any other listed entity. However, she continues to hold a directorship in Polyseal Cable Accessories Private Limited, which is an unlisted Private Limited company.

Resignation Details

The following table outlines the specific details regarding the cessation of the director's role, as required under the relevant SEBI regulations.

Sr. No	Particular	Disclosure
1	Reason for change	Ms. Jaina M. Mehta has resigned from the position of Independent Director of the Company w.e.f. 7 July, 2026 due to her pre-occupation elsewhere.
2	Date of cessation	Resignation as Independent Director of the Company w.e.f. 7 July, 2026
3	Brief profile	Not Applicable
4	Disclosure of relationships	Not Applicable

The company, through its Company Secretary & Compliance Officer Parth Thakkar, has informed the stock exchange to take the resignation on record. Ms. Mehta confirmed in her resignation letter that she has no other material reasons for stepping down and expressed gratitude for the opportunity to serve the company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.92%	-4.12%	-10.91%	+5.40%	+6.78%	-25.30%

Technichem Organics Limited reported a 32.4% decline in net profit to ₹272.26 lakh for the financial year ended March 31, 2026, compared to ₹402.88 lakh in the previous year. Revenue from operations for the year stood at ₹5655.79 lakh, slightly lower than the ₹5678.23 lakh recorded in FY25. The board approved the audited standalone financial results for the half year and year ended March 31, 2026, during a meeting held on May 29, 2026.

Financial Performance

The company's total income for FY26 was ₹5784.37 lakh, a marginal increase from ₹5745.64 lakh in the prior year. Total expenses rose to ₹5515.76 lakh from ₹5227.68 lakh in FY25. Profit before tax for the year decreased to ₹268.61 lakh from ₹517.96 lakh in the corresponding period last year. For the half year ended March 31, 2026, the company recorded a profit of ₹148.16 lakh on revenue of ₹2852.61 lakh.

Key Metrics and Ratios

Earnings per share (EPS) for the year declined to ₹1.57 from ₹3.03 in the previous year. The company's paid-up equity share capital remained constant at ₹1732.13 lakh. Reserves excluding revaluation reserves increased to ₹3094.40 lakh as of March 31, 2026, up from ₹2822.14 lakh a year earlier.

Metric	FY26 (₹ in lakh)	FY25 (₹ in lakh)
Revenue from operations	5655.79	5678.23
Total Income	5784.37	5745.64
Total Expenses	5515.76	5227.68
Net Profit	272.26	402.88
EPS (Basic)	1.57	3.03

IPO Fund Utilization

Technichem Organics raised ₹2524.50 lakh via its Initial Public Offer on January 3, 2025. The company utilized ₹2299.09 lakh of the total proceeds as of March 31, 2026. Unutilized funds amounting to ₹225.41 lakh are designated for funding capital expenditure for a new plant. The company confirmed there is no deviation or variation in the use of funds raised.

Regulatory Disclosures

The statutory auditor, B. K. Chavda & Co. LLP, issued an unmodified opinion on the audited standalone financial results. The company confirmed it is not classified as a Large Corporate under the SEBI framework. The trading window for designated persons remains closed until 48 hours after the declaration of the financial results.