Tecil Chemicals & Hydro Power has scheduled its 81st Annual General Meeting for September 24, 2026. The gathering will address the adoption of financial statements and the re-appointment of four key board members.

The company reported a net loss of ₹42.47 lakh for FY26, an increase from the ₹38.74 lakh loss recorded in FY25. This deterioration occurred despite total revenue remaining flat at ₹0.01 lakh, driven entirely by other income rather than operations.

What the Numbers Show

The widening loss is attributable to rising operational costs in a pre-revenue environment. Other expenses climbed to ₹27.29 lakh from ₹24.90 lakh in the prior year. Depreciation also increased by 53% to ₹3.67 lakh. With no revenue from operations to offset these outflows, the company continues to rely on promoter funding to sustain its corporate structure while awaiting regulatory approvals for its proposed hospitality project.

Financial Performance

The company has not carried out manufacturing operations for several years. Its financial position reflects a holding pattern as it seeks approvals for a new industrial and recreational park project in Chingavanam, Kerala.

Total comprehensive income was nil for both periods. The basic and diluted earnings per share stood at (₹0.22) for FY26, compared to (₹0.20) in FY25.

Board Re-appointments

Shareholders will vote on the re-appointment of the following directors for five-year terms until the conclusion of the 86th AGM:

• Mr. Varghese Kurian as Managing Director and Chairman
• Mrs. Lizhyamma Kurian as Whole-time Director
• Mr. Jeeben Varghese Kurian as Executive Director and CEO
• Mr. Shaji K Mathew as Whole-time Director

The Nomination and Remuneration Committee recommended these appointments without remuneration. The company currently employs two individuals, with no female or transgender staff members on record as of March 31, 2026.

Tecil Chemicals & Hydro Power reported a net loss of ₹21.24 lakh for the quarter ended June 30, 2026 (Q1FY27), widening significantly from the ₹7.82 lakh loss recorded in Q1FY26. The deterioration in profitability was driven largely by a non-operational charge rather than core business performance.

Financial Performance

The company recorded zero revenue from operations for the quarter. Total income stood at ₹25.14 lakh, derived entirely from other income sources. This includes a gain of approximately ₹25.13 lakh from the compulsory acquisition of land by the government, recognized as other income during the period.

Total expenses rose sharply to ₹46.38 lakh, up from ₹7.82 lakh in the corresponding quarter of FY26. The surge in expenses was dominated by a ₹38.90 lakh write-off charged to the Statement of Profit and Loss. This amount represents a portion of a building with a total value of ₹71.63 lakh that has lost its utility and is expected to yield no future economic benefits.

For the full year ended March 31, 2026 (FY26), the company posted an audited net loss of ₹42.47 lakh. Basic earnings per share for Q1FY27 were negative at (₹0.11) per share, compared to (₹0.04) in Q1FY26.

What the Numbers Show

The financial results highlight a stark divergence between operational stability and balance sheet adjustments. While employee benefit expenses remained relatively flat at ₹3.05 lakh (versus ₹2.93 lakh in Q1FY26), the total expense line expanded nearly six-fold year-on-year. This expansion is attributable almost entirely to the one-time asset write-off, indicating that the underlying cash burn rate for daily operations remains contained despite the headline loss widening.

Corporate Governance Updates

The Board of Directors, meeting on August 12, 2026, approved several key administrative decisions:

• Director Reappointments: The board proposed the reappointment of Mr. Varghese Kurian as Managing Director and Chairman, Mrs. Lizhyamma Kurian as Whole-time Director, Mr. Jeeben Varghese Kurian as Executive Director and CEO, and Mr. Shaji Kalladayil Mathew as Whole-time Director. All appointments are for a five-year term, subject to shareholder approval at the Annual General Meeting (AGM).
• Internal Auditor: Mr. M.K. Suresh, Chartered Accountant, was reappointed as Internal Auditor for FY27.
• AGM Details: The 81st AGM is scheduled for September 24, 2026, at 2:30 pm at The Palms Hotel, Chingavanam. The book closure period runs from September 18 to September 24, 2026.

The unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board. Statutory Auditors S R Pai & Co provided a limited review report with an unmodified opinion.