Kanoria chemicals & industries Limited successfully conducted its Extra-Ordinary General Meeting (EGM) on April 1, 2026, addressing key capital restructuring initiatives through video conferencing. The meeting saw participation from 63 members representing 3,20,76,136 equity shares, demonstrating significant shareholder engagement in the company's strategic decisions.

Meeting Structure and Participation

The EGM commenced at 11:00 A.M. and concluded at 11:38 A.M., with Chairman Rajya Vardhan Kanoria presiding over the proceedings. The meeting was conducted entirely through video conferencing in compliance with prevailing regulations, with physical attendance dispensed with for safety and convenience.

Board Composition and Leadership

Chairman Rajya Vardhan Kanoria introduced the board members participating in the meeting, showcasing the company's governance structure. The board included a mix of independent and non-independent directors across various committees.

Key board members present included:

• Smt. Meeta Makhan, Non-executive Independent Director and Chairman of the Audit Committee
• Shri Sidharth Kumar Birla, Non-executive Independent Director and Chairman of the Nomination & Remuneration Committee
• Smt. Madhuvanti Kanoria, Non-executive and Non-Independent Director and Chairman of CSR Committee
• Shri Saumya Vardhan Kanoria, Whole-Time Director
• Shri Sumanta Chaudhuri, Non-executive Independent Director
• Shri Hemant Kumar Khaitan, Non-executive and Non Independent Director

Special Resolutions and Strategic Initiatives

The EGM focused on two critical special resolutions that will shape the company's capital structure and funding capabilities. These resolutions were designed to enhance the company's financial flexibility and support future growth initiatives.

Voting Process and Shareholder Engagement

The company implemented a comprehensive e-voting system to ensure maximum shareholder participation. Remote e-voting was available from Sunday, March 29, 2026 at 9:00 A.M. to Tuesday, March 31, 2026 at 5:00 P.M., providing shareholders ample time to cast their votes.

During the EGM, additional e-voting facilities remained open until 11:53 A.M. for members who had not participated in remote voting. Speaker shareholders who had pre-registered between March 24-25, 2026, actively participated by raising questions primarily about the NCRPS issuance and other general queries, which were addressed by the Chairman to their satisfaction.

Regulatory Compliance and Next Steps

Shri Amit Choraria, Practicing Company Secretary, served as the appointed Scrutinizer to ensure fair and transparent e-voting processes. The company confirmed that voting results along with the Scrutinizer's Report will be submitted to stock exchanges as required under Regulation 44 of the Listing Regulations and Rule 20 of the Companies (Management and Administration) Rules, 2014.

Company Secretary Pratibha Jaiswal was authorized to declare the final results of the resolutions, ensuring proper regulatory compliance and timely disclosure to all stakeholders.

Kanoria Chemicals & Industries Limited delivered impressive financial results for the third quarter of fiscal year 2026, demonstrating significant improvement across key performance metrics. The company's board approved the unaudited financial results for the quarter and nine months ended December 31, 2025, in a meeting held on February 12, 2026.

Strong Revenue Growth Drives Performance

The company's standalone operations showed remarkable momentum with revenue from operations reaching ₹23,059 lakhs in Q3FY26, marking a substantial 42% increase from ₹16,239 lakhs recorded in Q3FY25. Sequential growth was equally impressive, with revenue rising 21% from ₹19,087 lakhs in Q2FY26.

Profitability Turnaround

The company achieved a significant turnaround in profitability, reporting net profit of ₹393 lakhs in Q3FY26 compared to a loss of ₹1,970 lakhs in the same quarter last year. This improvement was supported by better operational efficiency, with total expenses rising to ₹21,738 lakhs from ₹15,422 lakhs, but at a slower pace than revenue growth.

Earnings per share for continuing operations improved to ₹0.90 in Q3FY26 from negative ₹4.51 in Q3FY25, reflecting the company's enhanced profitability.

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, the company maintained strong momentum with revenue from operations growing 25% year-on-year to ₹60,800 lakhs from ₹48,501 lakhs in the corresponding period of the previous year.

Consolidated Results Show Similar Strength

The consolidated financial results reflected comparable performance with Q3FY26 revenue from operations at ₹26,582 lakhs compared to ₹18,035 lakhs in Q3FY25, representing a 47% year-on-year increase. Net profit for the quarter stood at ₹355 lakhs against a loss of ₹2,863 lakhs in the previous year.

For the nine months, consolidated revenue reached ₹67,704 lakhs, up from ₹54,043 lakhs, while the company reported net profit of ₹8,158 lakhs compared to a loss of ₹6,804 lakhs in the corresponding period last year.

Segment Performance and Operations

The company operates primarily in the chemicals manufacturing business, which is considered as one reportable segment. The Alco Chemicals segment generated revenue of ₹23,058 lakhs in Q3FY26 and ₹60,800 lakhs for the nine months, showing consistent growth momentum.

The company also noted the impact of new labour codes effective from November 21, 2025, recognizing an incremental expense of ₹49 lakhs in employee benefit expenses for the quarter and nine months ended December 31, 2025.