Sicagen India Limited shareholders approved the company's financial results for FY26 and a 10% equity dividend at its 22nd Annual General Meeting held on September 17, 2026. The meeting, conducted via video conference, also saw the re-election of directors Ashwin C Muthiah and R. Chandrasekar.

The Board recommended the dividend subject to shareholder approval, reflecting the company's commitment to a sustainable payout policy despite mixed performance across divisions. M/s. J. Karthikeyan & Associates was ratified as Cost Auditor for FY27.

Financial Performance

Sicagen India Limited reported divergent results across its standalone and consolidated entities for the fiscal year ended March 31, 2026. While consolidated revenues grew, standalone profitability contracted due to higher raw material costs.

Standalone turnover fell to ₹52,822 lakh from ₹54,603 lakh in the previous year. Profit Before Tax (PBT) declined 15% to ₹1,738 lakh against ₹2,002 lakh in FY25, attributed to increased raw material costs and administrative expenditure. Conversely, consolidated revenue rose to ₹98,215 lakh from ₹89,994 lakh, though consolidated PBT remained flat at ₹2,414 lakh compared to ₹2,418 lakh.

Divisional Updates

The Building Materials Division recorded revenue of ₹39,928 lakh, down from ₹43,744 lakh in FY25. However, PBT improved 34% to ₹271 lakh from ₹202 lakh, aided by the closure of loss-making branches and higher steel prices in Q4.

The Power & Control Systems Division saw a 6% revenue increase to ₹5,126 lakh from ₹4,835 lakh, with PBT rising to ₹1,012 lakh from ₹956 lakh. This growth reflects strong execution in industrial infrastructure and automation projects.

Industrial Packaging Division revenue grew 3.5% to ₹4,125 lakh from ₹3,986 lakh, but PBT fell 7% to ₹608 lakh from ₹655 lakh due to volatility in mild steel plate prices. The company plans to commence commercial production of a new HDPE barrel unit with an installed capacity of 2.10 lakh barrels per annum in FY27, backed by a ₹14.50 crore investment.

Speciality Chemicals Division emerged as a growth driver, with revenue surging 38% to ₹1,531 lakh from ₹1,105 lakh. PBT increased 16% to ₹350 lakh from ₹300 lakh, driven by higher sales volumes.

What the Numbers Show

A notable divergence exists between the company's standalone and consolidated profitability trends. While standalone PBT contracted by 15% due to cost pressures in core trading businesses, consolidated PBT remained stable. This suggests that subsidiary operations or other segments absorbed the margin pressure, preventing a broader decline in group-level earnings. The Speciality Chemicals division's 38% revenue growth contrasts sharply with the Building Materials division's decline, indicating a structural shift toward higher-margin specialty products.

Corporate Governance & CSR

Chairman Ashwin C Muthiah highlighted the company's focus on operational efficiency amidst global geopolitical uncertainties and commodity price fluctuations. The company implemented a new CRM system to enhance sales productivity and rolled out revised HR policies aligned with the new Labour Code.

Under its CSR initiatives, Sicagen spent ₹35.25 lakh on sanitation blocks for government schools in Thiruvallur district. An unspent amount of ₹18.33 lakh is allocated for similar projects in FY27.

Sicagen India Limited has provided the web-link to access its Annual Report for the financial year ended March 31, 2026 (FY26). The disclosure comes ahead of the company’s 22nd Annual General Meeting (AGM) scheduled for Thursday, September 17, 2026.

The web-link and exact path for the Annual Report have been shared in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This information is primarily intended for shareholders who have not registered their email addresses with the company, depository participants, or the Registrar and Share Transfer Agent (RTA).

Annual Report Access

Shareholders can access the complete details of the Annual Report for FY26 via the company’s website. The document is available at www.sicagen.com > Investors > Annual Reports > 2025-26.

AGM Agenda and Details

The 22nd AGM will be conducted through Video Conferencing or Other Audio Visual Means at 3:30 pm on September 17, 2026. The primary agenda includes receiving and adopting the standalone and consolidated financial statements for FY26. Shareholders will also vote on the declaration of an equity dividend for the fiscal year.

Board Re-elections

Two directors retire by rotation and offer themselves for re-election:

• Ashwin C Muthiah, Non-Executive Non-Independent Director
• R. Chandrasekar, Director

Both directors attended all five board meetings held during the financial year 2025-26.

Cost Auditor Appointment

The special business item seeks ratification of the remuneration payable to the Cost Auditor for the year 2026-27. The Board has appointed M/s. J. Karthikeyan & Associates, Cost Accountants, Chennai.

E-Voting and Record Dates

The e-voting period opens on Saturday, September 12, 2026, at 9:00 am and closes on Wednesday, September 16, 2026, at 5:00 pm. The cut-off date for determining eligible shareholders for dividend payment is September 10, 2026.

The Register of Members and Share Transfer Books will remain closed from September 11, 2026, to September 17, 2026. Central Depository Services (India) Ltd. (CDSL) facilitates the remote e-voting process.