Kothari Fermentation & Biochem reported a net loss of ₹298.93 lakh for FY26, reversing the ₹80.99 lakh profit from FY25. Revenue fell 1.84% to ₹11,213.19 lakh amid rising input costs and pricing pressure. The company has confirmed its 36th Annual General Meeting (AGM) will be held on September 30, 2026.

The AGM notice, published in Financial Express and Jansatta on September 8, 2026, confirms the meeting will take place via video conference or other audio-visual means at 11:30 am. This disclosure complies with Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The operating profit margin contracted sharply to 0.21% from 4.77% in FY25. Profit before tax swung to a loss of ₹346.23 lakh from a profit of ₹193.86 lakh. Finance costs rose marginally to ₹369.93 lakh, while depreciation increased to ₹700.24 lakh. The current ratio improved to 1.91 from 1.08 due to lower current liabilities.

What the Numbers Show

Despite a 5.38% rise in production volume, revenue declined, signaling compressed average selling prices or a shift to lower-margin products. Operating profit before interest and tax (PBDIT) dropped significantly to ₹723.94 lakh from ₹1,196.51 lakh, indicating that volume growth could not offset rising costs. Foreign exchange earnings fell to nil from ₹180.50 lakh in FY25, suggesting reduced export activity.

Corporate Governance and Remuneration

The AGM will seek approval for revised remuneration for Chairman and Managing Director Pramod Kumar Kothari and Whole-Time Director Kavita Devi Kothari, effective April 1, 2026, to March 31, 2028. Mr. Kothari’s proposed monthly salary is ₹6,00,000, while Mrs. Kothari’s is ₹5,75,000. Both packages include minimum remuneration provisions regardless of profitability.

Dr. Rajiv Agarwal resigned as an Independent Director on August 13, 2025. Varun Kumar was appointed as an Additional Director and subsequently as an Independent Director on September 30, 2025. The company did not recommend a dividend for FY26.

Kothari Fermentation & Biochem Limited has scheduled its 36th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The event will be conducted through Video Conference or Other Audio-Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs circulars.

The company issued the notice on August 31, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations and the Companies Act, 2013. Electronic copies of the AGM notice and the Annual Report for FY25-26 have been dispatched to members with registered email addresses.

E-Voting Details

Shareholders holding shares as on the cut-off date of September 23, 2026, are eligible to vote. The remote e-voting facility is provided by National Securities Depository Limited (NSDL).

Members who have not cast their votes via remote e-voting may vote during the AGM. Those who voted remotely cannot vote again during the meeting.

Shareholder Updates

Physical shareholders are requested to update their email addresses by submitting Form ISR-1 to Abhipra Capital Limited. Demat holders must update details with their respective Depository Participants. Physical copies of the notice can be requested from the company or RTA.