Phyto Chem (India) Limited has scheduled its 37th Annual General Meeting for September 29, 2026. The meeting will address the adoption of financial statements for FY26 and a special resolution to lease spare manufacturing capacity.

The company seeks shareholder approval under Section 180(1)(a) of the Companies Act, 2013, to lease its factory facilities to M/s. Tricom Agro Private Limited. The Board of Directors approved the proposal in its meeting held on August 13, 2026, citing effective utilization of assets as the primary rationale.

Lease Transaction Details

The proposed lease involves the spare capacity of the company’s manufacturing plant located in Sangareddy District, Telangana. The transaction is structured as a commercial lease with an independent third party.

The explanatory statement notes that the leased area comprises 32,420 square feet out of a total constructed area of 50,750 square feet. The deal aims to generate a recurring revenue stream to enhance shareholder value. No directors or key managerial personnel have a financial interest in the transaction beyond their shareholding.

Corporate Governance Updates

Mr. K. Srinivasa Rao will retire by rotation and offer himself for reappointment as a non-executive, non-independent director. He holds 20,094 equity shares and attended two out of five board meetings during FY25-26.

Voting Logistics

E-voting will be open from September 26 to September 28, 2026. The record date for voting rights is September 22, 2026. The register of members and share transfer books will remain closed from September 23 to September 29, 2026.

[Phyto Chem (India) Limited](phyto chem) reported a widened net loss of ₹180.28 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹99.15 lakh in the previous year, as revenue from operations declined 35.6% to ₹907.05 lakh. The company's Board of Directors approved the audited financial results for the fourth quarter and fiscal year during a meeting held on May 29, 2026. The statutory auditors, M/s. Yelamanchi & Associates, issued an unmodified opinion on the results, confirming compliance with Indian Accounting Standards (Ind AS) and SEBI regulations.

Financial Performance

The decline in financial performance was driven by a sharp drop in revenue, which fell from ₹1407.84 lakh in FY25 to ₹907.05 lakh in FY26. For the fourth quarter ended March 31, 2026, the company reported a net loss of ₹27.63 lakh on revenue of ₹23.16 lakh. Total income for the year decreased to ₹1090.25 lakh from ₹1655.11 lakh in the prior year. The company operates primarily in the manufacturing and marketing of pesticide formulations.

Legal and Business Updates

Apart from the financial results, the Board noted the filing of a claim application before the Interim Resolution Professional (IRP) appointed by the National Company Law Tribunal (NCLT). The claim of ₹6,21,84,043.42 has been submitted against M/s. Siri Smelters & Energy Private Limited, identified as a corporate debtor, under the Insolvency and Bankruptcy Code proceedings. The company filed the claim as an operational creditor on May 25, 2026, and the admission or reconciliation process is currently underway.

Asset and Liability Position

The company's balance sheet size contracted marginally, with total assets standing at ₹2805.29 lakh as of March 31, 2026, compared to ₹2788.66 lakh a year earlier. Current liabilities increased to ₹2278.98 lakh from ₹1982.59 lakh, primarily due to higher borrowings and trade payables. Cash and cash equivalents decreased to ₹2.37 lakh from ₹4.61 lakh in the previous year.