Laffans Petrochemicals scheduled its 33rd Annual General Meeting for September 22, 2026. The meeting will be held in physical mode at Golden Industrial Estate in Ankleshwar, Gujarat, starting at 3:00 pm.

The board approved the financial results for FY26 and fixed the book closure period from September 12 to September 21, 2026. Voting rights will be reckoned based on shareholding as on the cut-off date of September 16, 2026.

Key Board Decisions

The board transacted the following business during its session on August 25, 2026:

• Approved the Board Report for the financial year ended March 31, 2026.
• Appointed Mr. Vivek Kumar as the scrutinizer for the 33rd AGM.
• Fixed the book closure dates from September 12 to September 21, 2026, both days inclusive.

Auditor Appointment Details

The primary special business item is the appointment of M/s. V Kumar & Associates as the secretarial auditor for a five-year term spanning FY27 to FY31. This appointment requires shareholder approval at the upcoming AGM.

V. Kumar & Associates, holding Certificate of Practice No. 10438, will serve as the secretarial auditor. The firm is led by CS Vivek Kumar, a Fellow Member of the Institute of Company Secretaries of India (ICSI). The appointment covers five consecutive years starting from FY26-27 till FY30-31.

Fee Structure and Terms

The proposed remuneration for the secretarial audit is ₹20,000 plus applicable taxes and reimbursement of out-of-pocket expenses for each financial year from 2026-27 to 2030-31. Fees for additional certification services will be charged separately.

CS Vivek Kumar brings over 14 years of experience in corporate law compliances and SEBI listing regulations. The firm’s office is located in New Delhi. The Audit Committee recommended the appointment based on the firm’s market standing, competence, and independence.

E-Voting Facility

The company has engaged Bigshare Services Pvt. Ltd (BSPL) to facilitate remote e-voting. The voting period begins on Saturday, September 19, 2026, at 9:00 am and ends on Monday, September 21, 2026, at 5:00 pm.

Shareholders holding securities in demat mode with CDSL or NSDL can vote using their depository login credentials. Physical shareholders must use their folio number and event code provided by the company. Those who vote remotely cannot vote again at the physical meeting venue.

Laffans Petrochemicals reported a net profit of ₹41.34 lakh for the financial year ended March 31, 2026, down from ₹200.40 lakh in the previous year. Total revenue fell to ₹794.96 lakh from ₹1,384.05 lakh. The decline was driven by reduced trading volumes amid intense competition and pricing pressures in the chemical sector.

Financial Performance

The company’s revenue from operations stood at ₹493.53 lakh, compared to ₹816.10 lakh in FY25. Other income contributed ₹301.42 lakh to the total income, down from ₹567.95 lakh. This reduction in other income was primarily due to lower fair valuation gains on investments and interest income.

Total expenses decreased to ₹775.29 lakh from ₹1,127.68 lakh, reflecting lower purchase costs and inventory adjustments. However, the contraction in revenue outpaced the reduction in expenses, leading to a significant compression in profitability.

What the Numbers Show

Other income accounted for 37.9% of total revenue in FY26 (₹301.42 lakh against ₹794.96 lakh), up from 41% in the previous year. While the proportion remains high, the absolute value of other income dropped by nearly half. This reliance on non-operating income highlights the volatility in the company's earnings structure, as core trading revenues faced headwinds from global price fluctuations and transit-related risks.

Corporate Actions and Governance

The Board of Directors decided not to recommend any dividend for FY26, opting to retain earnings to fund future investments and support growth. The paid-up equity share capital remained unchanged at ₹8 crore.

Shareholders will approve the appointment of M/s V Kumar and Associates as the Secretarial Auditor for five consecutive years, starting from FY27. The remuneration is set at ₹20,000 plus applicable taxes per financial year. The 33rd Annual General Meeting is scheduled for September 22, 2026, in Ankleshwar, Gujarat.

Risk Factors and Outlook

The company faces risks from raw material price volatility and foreign exchange fluctuations, particularly due to its reliance on imports from Gulf countries and China. Transit periods exceeding 30 days expose the business to market price changes before goods reach India. To mitigate this, Laffans Petrochemicals has adopted a cautious stance, limiting imports and avoiding long-term supply contracts in favor of short-term spot purchases.