Technichem Organics conducted its 30th Annual General Meeting on Thursday, September 24, 2026. The meeting was held entirely through Video Conferencing and Other Audio-Visual Means, concluding at 12:09 pm IST.

The company convened the meeting in compliance with the Companies Act, 2013, and MCA General Circular No. 03/2025 dated September 22, 2025. This format adheres to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, allowing for the transaction of business without physical presence at a common venue.

Attendees and governance structure

Mr. Bharat J. Pandya, Chairman and Managing Director, chaired the session. He welcomed shareholders and confirmed the presence of a quorum before proceeding with the agenda items outlined in the notice dated July 29, 2026.

The following directors participated in the meeting:

Key invitees present

Several key personnel supported the proceedings, ensuring regulatory and financial oversight during the virtual assembly.

• Parth B. Thakkar, Company Secretary & Compliance Officer
• Narayansingh J. Deora, Chief Financial Officer
• Nishant Pandya, Proprietor, Nishant Pandya & Associates (Secretarial Auditor)
• B. K. Chavda, Partner of B. K. Chavda & Co. LLP (Statutory Auditors)
• Kashyap Mehta, Scrutineer

The meeting served as the primary forum for shareholders to engage with the board regarding the company's annual performance and strategic direction for the fiscal year ending March 2026.

Technichem Organics reported a 32% decline in net profit for the financial year ended March 31, 2026, driven by higher operating costs despite flat revenue. The Ahmedabad-based specialty chemicals manufacturer will hold its 30th Annual General Meeting (AGM) on September 24, 2026.

The company posted a profit after tax of ₹272.26 lakh for FY26, down from ₹402.88 lakh in the previous year. Revenue from operations remained largely stable at ₹5,655.79 lakh, compared to ₹5,678.23 lakh in FY25. The Board has not recommended any dividend for the year under review.

Financial Performance

The decline in profitability occurred even as top-line growth stagnated. Profit before interest and depreciation fell 31% to ₹570.74 lakh from ₹825.88 lakh in the prior year. Finance costs decreased to ₹121.40 lakh from ₹144.77 lakh, reflecting reduced debt obligations following the company's Initial Public Offer (IPO).

What the Numbers Show

A significant divergence exists between the company's operating cash flows and its net profit position. While net profit contracted sharply, operating cash flow swung positive to ₹348.46 lakh from an outflow of ₹701.55 lakh in FY25. This improvement was primarily driven by a ₹210.36 lakh increase in trade payables, suggesting the company extended payment terms to suppliers to fund working capital requirements amid inventory buildup. Inventories rose by ₹300.71 lakh during the period.

Capital Expenditure and IPO Utilization

The company utilized proceeds from its January 2025 IPO, which raised ₹25.24 crore, to repay borrowings and fund general corporate purposes. Capital work-in-progress increased significantly to ₹478.41 lakh from ₹81.98 lakh, indicating ongoing capacity expansion efforts. The Board confirmed that funds raised through the IPO have been utilized for their intended purposes without deviation.

Corporate Governance and AGM

The 30th AGM will be held via video conferencing. Shareholders will vote on the reappointment of Mr. Anilkumar J. Pandya, who retires by rotation, and the appointment of Mr. Asim Pandya as an Independent Director for a five-year term. Ms. Jaina Y. Mehta resigned as an Independent Director effective July 7, 2026.