PATEL CHEM SPECIALITIES LIMITED has announced the appointment of M/s B R S & Associates as its Cost Auditor for the financial year 2026-27. The decision was taken by the Board of Directors in their meeting held on May 22, 2026, following the recommendation of the Audit Committee.

Appointment Details

The appointment is effective from May 22, 2026. M/s B R S & Associates, a firm with extensive experience in cost audit, cost compliance, cost records review, and cost management advisory services, will oversee the cost audit functions for the company.

Compliance and Reasoning

The move is intended to comply with the provisions of the Companies Act, 2013 and the requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no specific relationships between directors and the appointed firm that require disclosure.

Key Information

The intimation regarding this appointment was submitted to BSE Limited on May 22, 2026, by Bhupesh Patel, Managing Director of the company.

Patel Chem Specialities Limited announced its audited financial results for the year ended March 31, 2026, reporting a significant rise in profitability and operational revenue. The company's net profit for the fiscal year stood at ₹1,255.22 lakh, an increase of 19% compared to ₹1,056.52 lakh in the previous year. This growth was driven by a robust performance in revenue from operations, which climbed to ₹13,726.33 lakh from ₹10,508.78 lakh in FY25.

Financial Performance

The total revenue for FY26 reached ₹13,908.19 lakh, up from ₹10,555.18 lakh in the corresponding period last year. While the cost of raw materials consumed rose to ₹10,177.42 lakh, the company managed its total expenses effectively at ₹12,209.91 lakh. Profit before tax for the year was recorded at ₹1,698.28 lakh, compared to ₹1,409.53 lakh in the prior year. The basic and diluted earnings per share (EPS) improved to ₹6.63 from ₹5.91 in the previous year.

Operational Metrics

The board reviewed and approved the annual audited financial statements alongside the draft auditor's report. The statutory auditors, M/s Parikh Shah & Associates, issued an unmodified opinion on the audited financial results. The company also noted that it does not have more than one reportable segment in terms of AS-17, making segment-wise reporting inapplicable.

Board Decisions

In addition to the financial results, the Board of Directors approved the re-appointment of several auditors for FY 2026-2027. M/s Bimal Shah Associates were re-appointed as Internal Auditors, M/s RTBR & Associates as Secretarial Auditors, and M/s BRS & Associates as Cost Auditors. The board also reviewed related party transactions for the half-year ended March 31, 2026, and took note of the statement of utilization of funds raised through the IPO.

Financial Results Summary

The company confirmed that there was no deviation or variation in the use of proceeds from the objects stated in the prospectus for the half-year ended March 31, 2026. The total funds raised through the IPO amounted to ₹5,880 lakhs, with a significant portion allocated to capital expenditure and general corporate purposes.