Kemistar Corporation Ltd has appointed Mrs. Riddhi Parshwa Shah as its new Company Secretary and Compliance Officer, effective October 15, 2026. This appointment follows the resignation of Aesha Mashru from the same role on October 12, 2026.

The Board of Directors approved these changes during a meeting held on October 12, 2026, at the company's registered office in Ahmedabad. The meeting commenced at 4:00 pm and concluded at 4:30 pm.

Leadership transition details

The Board accepted the resignation of Aesha Mashru, who served as Company Secretary and Compliance Officer, citing personal reasons. The company stated that there were no other material reasons for her departure beyond those mentioned in her resignation letter. Her resignation took effect from the close of business hours on October 12, 2026.

Subsequently, on the recommendation of the Nomination & Remuneration Committee, the Board approved the appointment of Mrs. Riddhi Parshwa Shah to fill the vacancy. She will assume the role of Company Secretary and Compliance Officer with effect from October 15, 2026.

Profile of new appointee

Mrs. Riddhi Parshwa Shah is an Associate member of the Institute of Company Secretaries of India (ACS). Her professional background includes over 8 years of experience in handling secretarial compliances for both listed and unlisted companies.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with regulatory reporting standards for changes in Key Managerial Personnel.

Kemistar Corporation Limited shareholders approved all resolutions at the 32nd Annual General Meeting held on September 30, 2026, including the final dividend of ₹0.20 per share for FY26. The company submitted the scrutinizer's report and voting results to BSE on October 1, 2026.

The Board reported steady growth across revenue, operating profit, net profit, and basic earnings per share for FY26. Chairman and Managing Director Ketankumar Patel outlined significant operational developments, particularly in the recycling sector. Kemistar has established a recycling plant with a capacity of 27,000 MT/annum in the first phase. The facility has received consent to operate from the Gujarat Pollution Control Board and currently handles e-waste, Li-ion batteries, solar panels, and metal recycling.

Operational expansions and strategic partnerships

The company confirmed that capacity was expanded at both its Dahej and Ahmedabad manufacturing units during FY26. The Dahej unit focuses on intermediates, inorganic chemicals, and various recycling streams, while the Ahmedabad unit produces agrochemical inputs, pigments, and pesticides.

Kemistar has entered into tie-ups with major entities including Reliance Industries Limited, Solex Energy Limited, and various electricity boards. The company is actively expanding its network with solar module manufacturers, electronic goods manufacturers, and battery producers to secure raw material inflow for its recycling operations.

Vision 2030 and technology roadmap

Management detailed a strategic vision extending to 2030, which includes:

• Expanding present capacity multifold through domestic and overseas locations.
• Developing and acquiring new recycling technologies.
• Targeting critical and rare earth minerals, as well as copper and potash recovery.
• Establishing exclusive processing facilities for large-scale requirements.

The company aims to reduce exposure to imported raw material swings through these vertical integration efforts.

Voting results and governance

The scrutinizer's report confirmed that all three ordinary resolutions were passed with requisite majority. Resolution No. 1 adopted the audited standalone and consolidated financial statements for FY26. Resolution No. 2 approved the re-appointment of Mr. Hrishikesh Rakholia as director liable to retire by rotation. Resolution No. 3 declared the final dividend of ₹0.20 per equity share of face value ₹10 each.

Voting data indicates high promoter participation. The promoter and promoter group held 80,56,397 shares and cast votes on all shares in favor of all resolutions. Public non-institutional shareholders holding 27,03,011 shares polled votes on 9,35,828 shares, with 99.95% voting in favor. Total votes polled represented 83.58% of the total paid-up share capital.

What the numbers show

While specific absolute figures for revenue and profit were not disclosed in the speech text, the management characterized the FY26 performance as showing "steady growth" across all key financial parameters including top line, operating profit, and bottom line. The declaration of a dividend indicates positive cash flow generation and confidence in liquidity. The shift towards recycling represents a structural change in the business model, moving from pure chemical manufacturing to a circular economy approach, potentially diversifying revenue streams beyond traditional agrochemicals and specialty chemicals.

Governance and audit status

Company Secretary Aesha Mashru confirmed that the statutory auditors, Nitesh Nanavati, and secretarial auditor, Rohit Periwal, expressed an unqualified opinion on the financial statements for FY26. There were no qualifications or adverse comments noted in the reports. Shareholders approved the adoption of standalone and consolidated financial statements, the declaration of dividend, and the appointment of Hrishikesh Rakholia as a director liable to retire by rotation.