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.

Kemistar Corporation has fixed September 23, 2026, as the record date for determining shareholder eligibility for its final dividend of ₹0.20 per equity share for FY26.

The dividend is payable on equity shares with a face value of ₹10 each. The payout remains subject to approval by members at the company’s upcoming Annual General Meeting (AGM).

Dividend Details

The intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The payment will be made after the deduction of applicable tax at source.