Styrenix Performance Materials announced its audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The Board of Directors approved the results at their meeting held on May 16, 2026, along with the Auditors' Report. Statutory auditors M/s. Talati & Talati LLP issued an Unmodified Opinion on both standalone and consolidated financial statements. Pursuant to Regulation 30 read with Schedule III and Regulation 47 of the SEBI Listing Regulations, the company published extracts of the audited results on May 18, 2026, in Vadodara Samachar (in Gujarati) and Business Standard (in English). Notably, Q4 EBITDA surged to 1.5B rupees from 869M in the year-ago period, with the EBITDA margin expanding sharply to 19.2% from 11.8% on a year-on-year basis.

Standalone Financial Performance

On a standalone basis, the company reported steady profitability for FY26. Revenue from operations declined marginally to ₹2,640.27 crores from ₹2,744.38 crores in the previous year, while total income stood at ₹2,646.70 crores compared to ₹2,755.16 crores. Despite the revenue moderation, the company improved its cost efficiency, with total expenses reducing to ₹2,276.98 crores from ₹2,399.36 crores. Net profit for the full year rose marginally to ₹234.27 crores from ₹232.17 crores.

The following table summarises the standalone financial results:

On the balance sheet, total assets stood at ₹1,473.03 crores as at March 31, 2026, compared to ₹1,388.99 crores in the prior year. Total equity improved to ₹990.41 crores from ₹850.69 crores. Standalone cash and cash equivalents at year-end were ₹27.64 crores, with net cash inflow from operating activities at ₹268.03 crores versus ₹146.64 crores in the prior year.

Consolidated Financial Performance

On a consolidated basis, Styrenix Performance Materials reported revenue from operations of ₹3,438.03 crores for FY26, an increase from ₹2,982.42 crores in FY25. Total consolidated income grew to ₹3,454.40 crores from ₹2,994.60 crores. Q4 consolidated net profit came in at 735M rupees, compared to 562M in the year-ago quarter, while Q4 consolidated revenue stood at 8.3B rupees versus 9.4B rupees in the prior year period. However, full-year consolidated net profit declined to ₹182.85 crores from ₹233.72 crores, impacted by higher depreciation and amortisation expenses of ₹114.09 crores (versus ₹55.04 crores) and increased finance costs of ₹19.45 crores (versus ₹5.65 crores).

The following table summarises the consolidated financial results:

The following table highlights Q4 EBITDA performance on a year-on-year basis:

Consolidated total assets grew to ₹2,482.56 crores from ₹2,342.48 crores, while total equity increased to ₹1,366.31 crores from ₹1,218.73 crores. Net cash inflow from operating activities on a consolidated basis was ₹183.25 crores, significantly higher than ₹54.34 crores in the prior year.

Exceptional Items and Labour Code Impact

Both standalone and consolidated results include an exceptional item of ₹2.78 crores, arising from the Government of India's notification of new Labour Codes on November 21, 2025. The incremental impact comprises past service cost relating to gratuity of ₹2.28 crores and compensation towards leave encashment of ₹0.50 crore, primarily due to a change in the definition of "wage."

Auditor Appointments for FY26-27

At the same Board meeting, based on the recommendation of the Audit Committee, the Board approved the appointment of M/s. Sharp & Tannan Associates as Internal Auditors of the Company for the financial year 2026-27. The Board also approved the appointment of M/s. Kailash Sankhlecha & Associates, Cost Accountants, as Cost Auditor of the Company for the financial year 2026-27, with remuneration subject to ratification by shareholders at the ensuing Annual General Meeting.

Source: None/Company/INE189B01011/5e6c9dee1b0f46bf.pdf

Styrenix Performance Materials Limited has officially declared the voting results of its postal ballot process for the re-appointment of a key executive, demonstrating strong shareholder confidence in the company's leadership. The chemical manufacturing company announced the results on April 15, 2026, following the completion of the remote e-voting process.

Postal Ballot Resolution Details

The company sought shareholder approval through a special resolution to re-appoint Mr. Ravishankar Balakoteswararao Kompalli (DIN: 06458292) as Whole-time Director for an additional term. The appointment covers a period of 2 years, effective from April 01, 2026 to March 31, 2028, with the director remaining liable to retire by rotation.

Voting Process and Timeline

The postal ballot was conducted exclusively through remote e-voting, adhering to provisions under Sections 108 and 110 of the Companies Act, 2013. The company dispatched the postal ballot notice on March 12, 2026, with the record date set as March 6, 2026. The e-voting facility remained accessible from March 16, 2026 (9:00 a.m.) to April 14, 2026 (5:00 p.m.).

CS Devesh A. Pathak served as the scrutinizer for the voting process, with votes being unblocked on April 14, 2026 at 5:17 p.m. in the presence of two independent witnesses - Mr. Yusuf Fatpurwala and Ms. Ruhin Shaikh.

Comprehensive Voting Results

The postal ballot received substantial participation from shareholders across different categories, with the resolution passing with a significant majority.

Shareholder Participation Analysis

Out of 46,856 total shareholders on the record date, 219 members participated in the e-voting process, representing 11,135,605 shares or 63.32% of the company's outstanding shares. The resolution received overwhelming support with 89.41% votes in favour and 10.59% against.

The promoter group demonstrated complete support with 100% votes in favour, while public non-institutional shareholders showed strong backing with 97.56% approval. Public institutional shareholders, though showing lower approval at 60.43%, still contributed to the overall positive outcome.

Regulatory Compliance and Declaration

The postal ballot process was conducted in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 44. The company published the dispatch notice in Business Standard (English) and Vadodara Samachar (Gujarati) on March 13, 2026, ensuring proper communication to all stakeholders.

The voting results were formally declared and submitted to BSE Limited and National Stock Exchange of India Limited on April 15, 2026, along with the scrutinizer's report. The successful completion of this postal ballot reinforces shareholder confidence in the company's leadership and strategic direction under the continued guidance of Mr. Kompalli as Whole-time Director.