Petro Carbon promoters confirm no encumbrance on shares in FY26

1 min read     Updated on 27 May 2026, 02:24 AM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

Petro Carbon and Chemicals Limited promoters declared holding 1,80,82,400 equity shares as of March 31, 2026, confirming no encumbrance was created or invoked during FY26. The disclosure was filed under SEBI Regulation 31(4). Key individual promoters include Vishal Atha, Kishor Kumar Atha, and Dilip Kumar Atha.

powered bylight_fuzz_icon
41374435

*this image is generated using AI for illustrative purposes only.

Petro Carbon and Chemicals Limited disclosed that its promoter group held 1,80,82,400 equity shares as of March 31, 2026, confirming that no encumbrance was created or invoked on this shareholding during FY26. The declaration, submitted to the National Stock Exchange of India Limited, was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory filing ensures transparency regarding the pledging or hypothecation of promoter shares, a key metric for assessing corporate governance and financial risk.

The filing, signed by Promoter Vishal Atha on behalf of the promoter and promoter group, detailed the specific shareholding of individual promoters and associated entities. The declaration serves as a formal confirmation to the stock exchange regarding the status of the promoter's equity stake throughout the financial year.

Promoter Shareholding Details

The total shareholding of 1,80,82,400 equity shares is distributed among key individuals and various entities within the promoter group. The following table outlines the equity shares held by individual promoters as of the specified date.

Name Equity Shares held
VISHAL ATHA 6719962
KISHOR KUMAR ATHA 3616479
DILIP KUMAR ATHA 2321237
GAURAV ATHA 2712360
BHARAT ATHA 2712360
KHUSHBOO ATHA 1
KAVITA ATHA 1

In addition to individual holdings, the declaration lists numerous entities, including family trusts, Hindu Undivided Families (HUFs), and private limited companies, which recorded zero shareholding as of March 31, 2026. These entities include names such as GKSA HUF, Narbheram Power and Steel Private Limited, and various family trusts associated with the Atha family.

The confirmation of zero encumbrance indicates that the promoters have not utilized their shareholding as collateral for borrowing purposes during the reviewed period. This status provides a clear view of the unencumbered nature of the promoter's stake in the company.

Historical Stock Returns for Petro Carbon & Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
-6.75%+5.79%-7.08%+50.22%+45.15%-12.68%

Does the zero encumbrance status indicate a shift in the company's strategy toward reducing leverage or funding expansion through internal accruals?

How will this clean shareholding impact investor confidence and the stock's valuation relative to peers in the sector?

Are there any upcoming capital expenditure plans or strategic acquisitions that might require the promoters to pledge shares in the future?

Petro Carbon & Chemicals
View Company Insights
View All News
like15
dislike

Petro Carbon FY26 Net Profit Rises to ₹25.41 Crore

2 min read     Updated on 20 May 2026, 10:46 AM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Petro Carbon and Chemicals Limited reported a consolidated net profit of ₹25.41 crore for FY26, a sharp rise from ₹9.46 crore in the previous year. Revenue from operations increased to ₹576.65 crore. The company is also expanding its capacity with a new ECA project.

powered bylight_fuzz_icon
40799777

*this image is generated using AI for illustrative purposes only.

Petro Carbon and Chemicals Limited has reported its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The board of directors approved the results during a meeting held on May 19, 2026. The company's financial performance for the year shows robust growth in both revenue and profitability compared to the previous fiscal year.

Consolidated Financial Performance

For the year ended March 31, 2026, the company reported a consolidated net profit of ₹25.41 crore, a significant increase from ₹9.46 crore in the prior year. Revenue from operations surged to ₹576.65 crore from ₹295.97 crore in the previous year. Total income for the period rose to ₹577.96 crore. The profit before tax for the year stood at ₹33.57 crore, up from ₹7.40 crore in FY25.

The earnings per share (EPS) for the year improved to ₹10.41, compared to ₹3.83 in the previous year. The company's finance costs for the year amounted to ₹16.83 crore, while depreciation and amortization expenses totaled ₹5.99 crore.

Standalone Results

On a standalone basis, Petro Carbon and Chemicals Limited reported a net profit of ₹25.40 crore for FY26, compared to ₹9.47 crore in the previous year. Revenue from operations for the standalone entity was ₹576.65 crore, up from ₹295.97 crore in FY25. The standalone EPS for the year was recorded at ₹10.28.

Operational Highlights

The company noted that its Haldia plant was shut down for 47 days during the year for maintenance, compared to 108 days in the previous year. Additionally, Petro Carbon is currently setting up an Electrically Calcined Anthracite (ECA) project with a capacity of 48,000 TPA at Haldia, which is expected to be commissioned in the next financial year.

Financial Position

As of March 31, 2026, the company's consolidated total assets stood at ₹457.99 crore, comprising non-current assets of ₹228.62 crore and current assets of ₹229.38 crore. Shareholders' funds increased to ₹195.37 crore from ₹170.52 crore in the previous year. The company's cash and cash equivalents decreased to ₹7.55 crore from ₹28.07 crore at the end of the previous year.

Metric FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Consolidated Revenue from Operations 57,665.15 29,597.12
Consolidated Net Profit 2,541.76 946.28
Total Consolidated Income 57,796.25 29,977.30
Standalone Net Profit 2,539.63 947.07
Earnings Per Share (Consolidated) 10.41 3.83

Historical Stock Returns for Petro Carbon & Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
-6.75%+5.79%-7.08%+50.22%+45.15%-12.68%

How will the commissioning of the 48,000 TPA Electrically Calcined Anthracite (ECA) plant at Haldia impact Petro Carbon's revenue mix and profit margins in FY27?

Given the significant decline in cash and cash equivalents from ₹28.07 crore to ₹7.55 crore, how might the company finance future capital expenditures without straining its liquidity position?

With revenue nearly doubling in FY26, what are the key demand drivers sustaining this growth, and are they likely to persist given current global carbon and chemicals market conditions?

Petro Carbon & Chemicals
View Company Insights
View All News
like18
dislike

More News on Petro Carbon & Chemicals

1 Year Returns:+45.15%