Nexxus Petro Industries approved its financial results and annual report for FY26 at a Board of Directors meeting held on September 4, 2026. The session, convened at its registered office in Ahmedabad, also finalized the notice for the fifth Annual General Meeting (AGM).

The board reviewed and adopted the Board’s Report and necessary annexures for the fiscal year ended March 31, 2026. Directors also considered the appointment of an Internal Auditor for FY27 and took on record the Secretarial Audit Report and Internal Audit Report for FY26 to ensure regulatory compliance.

Financial Performance

Despite challenging market conditions and geopolitical disruptions affecting imported bitumen supply, the company reported resilient profitability. Revenue from operations stood at ₹26,187.38 lakh in FY26, down from ₹30,493.34 lakh in FY25. However, Profit After Tax (PAT) increased to ₹639.39 lakh, up from ₹608.78 lakh in the previous year.

The decline in revenue was primarily attributed to disruptions in international trade routes and logistics due to geopolitical tensions, which impacted the availability of imported bitumen. Nevertheless, cost optimization measures led to a proportional reduction in material costs, supporting improved margins.

What the Numbers Show

While revenue contracted by over 14%, the company managed to expand its PAT margin from 2.00% in FY25 to 2.44% in FY26. This divergence highlights effective cost management, with finance costs reducing by approximately 19% and other income rising significantly from ₹26.78 lakh to ₹102.22 lakh.

AGM Logistics

The fifth AGM is scheduled for September 29, 2026, at 12:00 pm via Video Conferencing or Other Audio-Visual Means. Key agenda items include:

• Adoption of audited financial statements for FY26.
• Reappointment of Mr. Rahul Mohanlal Senghani as Director.
• Ratification of remuneration for the Cost Auditor, M/s Devang Patel & Associates.
• Approval of related party transactions with Nextg Petrochem LLP and promoter family members.
• Reappointment of Mr. Haresh Mohanlal Senghani as Managing Director and Mr. Rahul Mohanlal Senghani as Whole-Time Director for five years.

The Register of Members and Share Transfer Books will remain closed from September 22 to September 29, 2026. The cut-off date for e-voting for the AGM is September 21, 2026. Shareholders can participate in remote e-voting through Bigshare. CS Nihar Sheth has been appointed as Scrutinizer for the e-voting process.

Governance Updates

The board appointed Ms Zarana & Associates as Internal Auditor for FY27. Additionally, the company disclosed that there were no significant or material orders passed by regulators or courts during the year. The statutory auditors, M/s Keyur Shah & Associates, issued an unqualified report on the financial statements.

Nexxus Petro Industries has established a 30 Tons Per Day (TPD) used tyre pyrolysis plant at its wholly owned operational facility in Pali, Rajasthan. Commercial production is scheduled to commence from August 30, 2026. The expansion marks the company’s strategic entry into manufacturing used tyre pyrolysis oil (TPO) and carbon, transitioning from trading to captive production.

The new facility forms part of the company’s downstream integration strategy. Previously, Nexxus traded approximately 250-300 MT per month of oil and 180-200 MT per month of carbon. The captive production unit allows the company to fulfil existing market demand directly, capturing manufacturing value additions. TPO serves as a cost-effective substitute for Light Diesel Oil (LDO) in hot-mix plants for heating bitumen during road construction, enabling cross-selling to existing bitumen clients without additional customer acquisition costs.

Capacity and Expansion Roadmap

The Phase 1 unit operates with an installed capacity of 30 TPD, supported by 500 KL of on-site liquid storage tank capacity. The civil foundations and structural layout at Pali are designed to support a total site capacity of 60 TPD. Following 30 days of successful commercial operations, the company plans to initiate Phase 2 by installing an additional 30 TPD modular unit within a few months, scaling facility output to 60 TPD.

Financial Projections

The new facility is targeted to generate annual revenue of ₹25-30 crore in Phase 1, scaling to ₹50-60 crore upon full deployment of the 60 TPD capacity. The segment carries a net profit (PAT) margin of 8-10%, which is meaningfully higher than the company’s core bitumen business. This expansion is expected to be accretive to consolidated earnings, contributing toward the company’s projected turnover of ₹400 crore for FY27 with a PAT of up to 4%.

Funding and Strategic Positioning

The ₹14 crore capex for the facility was funded through internal accruals and term loans. The company benefits from an effective interest subsidy of approximately 5% per annum for seven years, subject to applicable terms and approvals, reducing the effective cost of borrowing.

Nexxus operates three processing facilities across Western and Central India: Pali (Rajasthan - 300 MT/Day), Mundra (Gujarat - 150 MT/Day), and Bhopal (Madhya Pradesh - 100 MT/Day), with a combined capacity of 550 MT/Day. The company holds an exclusive CSIR-CRRI and CSIR-IIP certified licence for KrishiBind™ bio-bitumen technology.

What the Numbers Show

The shift from trading to captive manufacturing is designed to expand margins significantly. While the core bitumen business faces raw material volatility and seasonal demand fluctuations, the new TPO segment targets a net profit margin of 8-10%, compared to the company’s overall projected PAT of up to 4% for FY27. This divergence suggests that the pyrolysis business is expected to drive disproportionate earnings growth relative to its revenue contribution, leveraging existing customer synergies to reduce distribution costs.