The Phosphate Company phosphate company reported a 31% year-on-year increase in net profit to ₹4.52 crore for FY26, driven by an 8% revenue rise to ₹149.17 crore. The company’s earnings per share grew from ₹9.60 to ₹12.53. The Board of Directors has recommended a final dividend of ₹2 per equity share, pending shareholder approval at the upcoming Annual General Meeting.

Financial Performance

Gross revenue reached ₹149.17 crore, up from ₹137.77 crore in FY25. EBITDA expanded by 21% to ₹10.56 crore. The improvement in profitability occurred despite significant volatility in raw material markets, particularly Sulphuric Acid and Spent Acid. Management attributed the resilient growth to disciplined procurement, efficient manufacturing, and improved market realisations supported by favourable monsoon conditions and higher subsidy support.

Operational Highlights

Production of Green Single Super Phosphate (SSP) fertiliser increased by approximately 3% to 75,890 MT. Sales of SSP (powder and granulated combined) grew by more than 6% to 77,458 MT. The company also expanded its product portfolio by marketing imported Di-Ammonium Phosphate (DAP) and launching Specialty Nutrient and Crop Protection Chemicals under the SAMADHAN brand.

Dividend and AGM Details

Shareholders will consider the adoption of financial results and the proposed 20% final dividend at the 77th Annual General Meeting scheduled for September 23, 2026. The register of members will remain closed from September 17, 2026, to September 23, 2026. The record date is set at September 16, 2026. Remote e-voting via NSDL opens on September 20, 2026, at 9:00 am and closes on September 22, 2026, at 5:00 pm.

Corporate Governance Actions

The agenda includes the re-appointment of Ajay Bangur as a director by rotation. Additionally, shareholders will approve the continuation of Gautam Bhattacharya as an independent director via a special resolution to ensure compliance with Regulation 25(2A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Both directors attended four board meetings in FY26. Bangur holds 44,194 shares in the company, while Bhattacharya has no shareholding.

Auditor Ratification

Members are asked to ratify the remuneration of M/s S. Gupta & Co., Cost & Management Accountants, as cost auditors for FY27. The approved fee is ₹17,500 plus applicable taxes and out-of-pocket expenses.

The Phosphate Company disclosed an inter-se transfer of 1,44,000 shares between members of its promoter group on August 22, 2026. The transaction was reported to stock exchanges under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.

The transfer involves Nikate Khaitan and Shrivats Khaitan, both part of the promoter group. Nikate Khaitan acquired the shares from Shrivats Khaitan in an off-market transaction. The company’s total equity share capital remains unchanged at ₹3,60,74,800.

Shareholding Changes

The restructuring alters individual holdings within the promoter circle while keeping the aggregate stake constant. The table below details the shift in shareholding before and after the transaction.

Other persons acting in concert (PAC), including Chandra kala Khaitan, Murlidhar Khaitan, Nikate Khaitan (HUF), and Shrimangala Khaitan, saw no change in their respective holdings.

What the Numbers Show

The total promoter group holding remains at 797,080 shares, representing 22.0952% of the total voting capital. The inter-se transfer consolidates a larger portion of this stake under Nikate Khaitan, increasing her individual holding by nearly 4 percentage points, while reducing Shrivats Khaitan’s stake by a similar margin. No new external parties entered or exited the promoter group.