Khaitan Chemicals AGM approves JMD re-appointment

Khaitan Chemicals and Fertilizers Limited announced that all seven resolutions proposed at its 44th Annual General Meeting held on July 21, 2026, were approved by shareholders. The meeting, conducted via video conferencing, saw the re-appointment of Mr. Utsav Khaitan as Joint Managing Director for a period of three years effective from May 1, 2026, to April 30, 2029. Shareholders also sanctioned a dividend of Re. 0.05 per equity share for the financial year ended March 31, 2026.

The business transacted included the adoption of audited financial statements for FY26 and the ratification of cost auditor remuneration for the financial year ending March 31, 2027. Members authorized the company to increase borrowing limits and create charges on assets to secure borrowings up to ₹800 Crores under Section 180 of the Companies Act, 2013. Mr. Praveen Uniyal, who retires by rotation, was re-appointed as a director.

Voting Summary

The scrutinizer's report confirmed that resolutions were passed with the requisite majority. A total of 62 members attended the meeting through video conferencing, including 6 from the promoter group and 56 from the public. The remote e-voting process was conducted by Central Depository Services (India) Limited.

Resolution	Votes For	Votes Against	% For
Financial Statements Adoption	70,538,468	226	100%
Re-appointment of Mr. Praveen Uniyal	70,481,116	56,877	99.92%
Dividend Declaration	70,534,512	4,182	99.99%
Cost Auditor Ratification	70,481,048	56,945	99.92%
Borrowing Limit Increase	70,532,625	6,069	99.99%
Creation of Charge on Assets	70,532,625	6,069	99.99%
Re-appointment of Mr. Utsav Khaitan	65,529,827	52,677	92.90%

Mr. Ritesh Gupta served as the scrutinizer for the voting process, while Ms. Sejal Maheshwari, Company Secretary and Compliance Officer, managed the proceedings. The meeting commenced at 11:00 A.M. and concluded at 11:55 A.M.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.40%	-4.46%	-15.66%	-23.74%	-54.83%	-29.88%

Khaitan Chemicals and Fertilizers Limited reported a net profit of ₹1,091.36 lakh for the quarter ended June 30, 2026, reflecting a significant increase from the ₹542.38 lakh recorded in the preceding quarter. The company's total income from operations rose to ₹22,162.20 lakh for the period, compared to ₹19,352.71 lakh in the quarter ended March 31, 2026. The unaudited financial results were approved by the Board of Directors on July 13, 2026.

The profit before depreciation and tax from continuing operations stood at ₹1,606.37 lakh for Q1FY27, up from ₹1,069.53 lakh in the previous quarter. Net profit for the period before tax and exceptional items from continuing operations was recorded at ₹1,318.88 lakh. Tax expenses for the quarter amounted to ₹227.52 lakh. The company reported no profit or loss from discontinuing operations during the current quarter.

Financial Performance

The total comprehensive income for the quarter was ₹957.18 lakh, an increase from ₹468.66 lakh in the prior quarter. The equity share capital remained unchanged at ₹969.89 lakh. Earnings per share (EPS) for the quarter stood at ₹1.13 on a basic and diluted basis, compared to ₹0.13 in the previous quarter.

Key Financial Metrics

Metric	Quarter Ended June 30, 2026 (Unaudited)	Quarter Ended March 31, 2026 (Audited)	Year Ended March 31, 2026 (Audited)
Total Income from Operations (₹ in Lacs)	22,162.20	19,352.71	1,00,313.07
Net Profit (₹ in Lacs)	1,091.36	126.23	6,459.79
EPS (Basic & Diluted) (₹)	1.13	0.13	6.66

The company stated that it has no subsidiary, associate, or joint venture companies as of June 30, 2026. The detailed financial statements are available on the BSE and NSE websites and the company's official portal.