Lords Chloro Alkali has commenced commercial operations of its 14.5 MW (AC) captive solar power plant equipped with a Battery Energy Storage System (BESS) in Rajasthan on September 2, 2026.

Project details

The facility is located in Lunkaransar, District Bikaner, Rajasthan. The project includes a 1.672 MWh Battery Energy Storage System (BESS). The company synchronized the plant with the grid and received necessary commissioning certifications from competent authorities before starting operations.

Renewable energy impact

With this addition, Lords Chloro Alkali's total installed captive and group captive renewable energy capacity has increased to 47 MW (DC). The new plant is expected to raise the company's share of renewable energy consumption to around 40% of total usage.

The company stated that the project aims to reduce dependence on expensive grid electricity and improve long-term energy cost efficiency while supporting sustainability objectives.

Lords Chloro Alkali has scheduled its 47th Annual General Meeting (AGM) for September 11, 2026, at its registered office in Alwar, Rajasthan. The meeting will convene to transact ordinary business, including the adoption of audited financial statements for the fiscal year ended March 31, 2026, and several special resolutions concerning governance and capital structure.

The company reported a net profit of ₹2,848.67 lakh for FY26, a significant increase from ₹618.06 lakh in the previous year. Revenue from operations stood at ₹39,013.70 lakh, up from ₹27,022.23 lakh in FY25. The Board of Directors did not declare any dividend for the year.

Key Resolutions

Shareholders will vote on multiple special resolutions aimed at aligning management compensation with performance and securing funding for expansion. Key proposals include:

• Director Remuneration: Approval for fixed remuneration of ₹2.40 crore per annum for Managing Director Ajay Virmani and Whole Time Director Madhav Dhir, effective April 1, 2027. Both roles include incentives linked to Earnings Before Depreciation and Taxes (EBDT).
• Borrowing Limits: An increase in the borrowing limit under Section 180(1)(c) of the Companies Act, 2013, allowing the company to borrow up to ₹500 crore in excess of paid-up capital and free reserves. This facility is intended to support ongoing capacity expansions and working capital needs.
• Employee Stock Options: Implementation of the Lords Chloro Alkali Employee Stock Option Scheme - 2026, authorizing the grant of up to 10 lakh options to eligible employees and directors.

Governance and Audits

The AGM will also see the reappointment of M/s. Nemani Garg Agarwal & Co. as statutory auditors for a second term of five years, concluding in 2031. Additionally, Ms. Srishti Dhir will retire by rotation and offer herself for reappointment as a director.

What the Numbers Show

The company’s financial performance in FY26 reflects strong operational leverage. While revenue grew by approximately 44%, net profit surged nearly fourfold to ₹2,848.67 lakh. This divergence suggests improved margin dynamics or cost efficiencies, supported by the board’s report citing higher operational efficiency and savings in power costs due to renewable energy investments. The proposed increase in borrowing limits to ₹500 crore signals continued aggressive capital expenditure plans, likely tied to the mentioned caustic soda and solar capacity expansions.

Meeting Logistics

The register of members will remain closed from September 5 to September 11, 2026. The cut-off date for determining voting eligibility is September 4, 2026. Remote e-voting will be available from September 7 to September 10, 2026, through the NSDL e-voting system.