Jaysynth Orgochem Limited appointed M/s. Chhogmal & Co., Chartered Accountants (FRN: 101826W), as its statutory auditors for a term of five consecutive years. The Board of Directors approved the appointment on August 5, 2026, based on the recommendation of the Audit Committee. The new tenure will commence from the conclusion of the 52nd Annual General Meeting and continue until the conclusion of the 57th Annual General Meeting, subject to shareholder approval.

The Mumbai-based chemical manufacturer made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The outgoing statutory auditors, M/s. A H J & Associates (FRN: 151685W), will complete their tenure at the end of the 52nd AGM.

Auditor Profile and Transition

M/s. Chhogmal & Co. is a prominent Mumbai-based chartered accountancy firm established in 1965. Led by Managing Partner Chintan N. Shah, the firm provides specialized corporate services including Audit & Assurance, Direct & Indirect Taxation, and FEMA & Business Advisory. The firm serves major corporate clients and listed entities, including Supreme Industries, Yash Optics & Lens, Citibank NA, and Axis Bank.

The transition follows the company’s strong financial performance in Q1FY27, where standalone net profit rose 188% to ₹5.35 crore. The Board also approved the unaudited standalone and consolidated financial results on August 5, 2026, which were reviewed by the outgoing auditors.

Corporate Governance Context

The appointment ensures continuity in audit oversight during a period of operational expansion. Jaysynth Orgochem recently incorporated a wholly-owned subsidiary, VarnaTex Limited, in Hong Kong on July 17, 2026. As of the reporting date, share allotment and capital transfer for the subsidiary are pending, resulting in no financial impact for Q1FY27.

What the Numbers Show

The decision to appoint a long-standing, established firm like Chhogmal & Co. signals a focus on robust compliance and audit quality as the company navigates international expansions. With the Inkjet Printers segment continuing to incur losses while the Colorants & Chemicals segment drives profitability, rigorous independent oversight becomes critical for accurate segment reporting and margin analysis.

Jaysynth Orgochem Limited reported a net profit of ₹147.48 crore for the financial year ended March 31, 2026, a decline from the previous year. Revenue from operations for the year stood at ₹2,553.70 crore. The board of directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

The board recommended a dividend of 5%, equivalent to ₹0.05 per equity share, for the financial year ended March 31, 2026. This payout is on shares with a face value of ₹1 each and is subject to the approval of the members at the ensuing Annual General Meeting. Additionally, the board recommended a dividend of 2% on the company's Redeemable Non-convertible Non-cumulative Non-participating Preference Shares.

During the quarter, the company redeemed 6,00,00,000 fully paid-up 2% Redeemable Non-convertible Non-cumulative Non-participating Preference Shares. An amount aggregating to ₹600 lakh was paid towards redemption together with ₹12 lakh towards dividend up to the date of redemption out of accumulated profits.

Financial Performance

The company reported segment revenue from Colorants & Chemicals at ₹2,217.54 crore and Inkjet Printers at ₹340.06 crore for the year ended March 31, 2026. Total assets stood at ₹2,147.06 crore, while total equity and liabilities were ₹2,147.06 crore as of March 31, 2026.