Kanoria chemicals & industries Limited has disclosed the official voting results for its Extra-Ordinary General Meeting (EGM) held on April 1, 2026, confirming that both special resolutions were passed with requisite majority. The company submitted the voting results to stock exchanges on April 2, 2026, in compliance with Regulation 44 of SEBI (LODR) Regulations, 2015.

EGM Overview and Participation

The EGM was conducted through video conferencing from 11:00 A.M. to 11:53 A.M., with Chairman Rajya Vardhan Kanoria presiding over the proceedings. The meeting saw participation from 63 members representing 3,20,76,136 equity shares, demonstrating significant shareholder engagement in the company's strategic decisions.

Voting Results for Special Resolutions

Both special resolutions presented at the EGM received overwhelming support from shareholders across all categories. The voting process included remote e-voting from March 29-31, 2026, and e-voting during the EGM.

Resolution 1: Authorised Share Capital Increase

The resolution to increase authorised share capital and amend the Memorandum of Association received comprehensive approval with 3,20,78,940 votes in favour and only 13 votes against.

Resolution 2: NCRPS Issuance

The resolution for issuance of Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares of ₹1,000 each to M/s. R. V. Investment and Dealers Limited also secured requisite majority approval.

Scrutinizer's Report and Compliance

Amit Choraria, Practicing Chartered Accountant (Membership No. 066838), served as the appointed Scrutinizer and submitted his consolidated report confirming that all resolutions secured requisite majority. The scrutinizer's report validated the fair and transparent conduct of the e-voting process through NSDL's electronic voting system.

Company Secretary Pratibha Jaiswal formally communicated the voting results to NSE (Symbol: KANORICHEM) and BSE (Script Code: 506525), ensuring full regulatory compliance. The voting results will form part of the EGM minutes as approved by the members through the Notice dated February 12, 2026.

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.