Triochem Products Limited will hold its 54th Annual General Meeting (AGM) on Saturday, August 22, 2026, at its registered office in Mumbai. The meeting aims to approve financial results for FY26 and re-appoint director Shyam Sundar Sharma. Remote e-voting is open to shareholders holding shares as of the August 14, 2026, cut-off date, with voting accessible from August 19 to August 21 via Central Depository Services Limited (CDSL). This procedural update follows the company’s recent disclosure of a ₹797.07 lakh net profit for FY26, driven by asset sales rather than operational revenue.

The Board of Directors convened the AGM to transact ordinary and special business, including the adoption of financial statements and the re-appointment of Mr. Shyam Sundar Sharma as a Non-Executive, Non-Independent Director. Mr. Sharma, aged 79, retires by rotation but remains eligible for re-appointment under Regulation 17(1A) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. A special resolution is required for directors over the age of 75. Mrs. Ragini Chokshi of M/s. Ragini Chokshi & Co. has been appointed as the scrutinizer to oversee the e-voting process.

E-Voting and Book Closure Details

Shareholders must act within specific windows to exercise their voting rights. The register of members and share transfer books will remain closed from August 16, 2026, to August 22, 2026. The remote e-voting period begins at 9:00 AM IST on Wednesday, August 19, 2026, and ends at 5:00 PM IST on Friday, August 21, 2026. Only members whose names appear in the register of members or depository records as of the cut-off date, August 14, 2026, are entitled to vote.

Members who have not registered or updated their email addresses with their Depository Participant or Registrar & Transfer Agent are requested to do so to receive electronic copies of the notice and annual report. Technical support for e-voting login issues is available through CDSL and NSDL helpdesks. Members who cast their votes electronically before the meeting may attend the AGM but cannot vote again.

Financial Context and Operational Status

The AGM agenda includes the approval of FY26 financials, which reported a net profit of ₹797.07 lakh, reversing a net loss of ₹40.01 lakh in FY25. This turnaround was entirely due to an exceptional gain of ₹1,116.65 lakh from the sale of immovable properties, plant, and machinery. Operating revenue remained nil, as the company had no manufacturing activities during the period. Other income declined to ₹86.45 lakh from ₹105.01 lakh in FY25, while EBITDA widened to a loss of ₹60.19 lakh.

The asset sales were executed between January 19, 2026, and February 5, 2026, following shareholder approval via postal ballot on December 13, 2025. The transaction was classified as a Material Related Party Transaction under Section 188 of the Companies Act, 2013, and Regulation 23 of the SEBI LODR Regulations, 2015. An independent valuer certified the fair market value at approximately ₹672.05 lakh for property, plant, and machinery, and ₹501.15 lakh for investment properties. The assets sold had an aggregate written-down value of ₹56.92 lakh.

What the Numbers Show

The financial results highlight a complete disconnect between operational performance and profitability. With zero revenue from operations and a widening EBITDA loss, the company’s core business activities are dormant. The reported net profit is attributable solely to the one-time monetization of non-core assets. While the balance sheet has been strengthened with cash proceeds—totaling approximately ₹1,961.73 lakh as of March 31, 2026—there is no underlying operational cash flow to sustain earnings. Investors should note that management intends to use these proceeds for new business ventures, but no new revenue streams have been established yet. Statutory auditors Kanu Doshi Associates LLP issued an unqualified opinion on the financial statements.

Triochem Products Limited reported a net profit of ₹797.07 lakh for the financial year ended March 31, 2026, a significant turnaround driven by the sale of non-core assets. The company recorded an exceptional gain of ₹1,116.65 lakh during the quarter from the sale of immovable properties, plant & machinery, and investment properties. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 29, 2026.

The exceptional item arose from the monetization of assets with an aggregate Written Down Value (WDV) of ₹56.92 lakhs. The fair market value of these assets, certified by an Independent Registered Valuer, was approximately ₹672.05 lakhs for property, plant & machinery and ₹501.15 lakhs for investment properties. The sale, completed in multiple tranches between January 19, 2026, and February 5, 2026, was undertaken on an arm's length basis. Proceeds from the cash transaction are proposed to be utilized for funding new business ventures and strategic initiatives.

For the quarter ended March 31, 2026, the company reported a net profit of ₹832.57 lakh, compared to a net loss of ₹45.18 lakh in the corresponding period of the previous year. Total income from operations for the year stood at ₹86.45 lakh, while total expenses were ₹151.30 lakh. The statutory auditors, M/s. Kanu Doshi Associates LLP, issued an unqualified report on the financial results.

The Board approved the Directors' Report and the Management Discussion & Analysis for FY26. Additionally, the Board fixed the 54th Annual General Meeting for Saturday, August 22, 2026, at the registered office in Mumbai. The Register of Members and Share Transfer Books will remain closed from August 16, 2026, to August 22, 2026.

The Board also approved the appointment of M/s. M. L. BHUWANIA AND CO LLP as Internal Auditors for the financial year 2026-27. Mr. Shyam Sundar Sharma, Non-Executive Director, retires by rotation at the ensuing AGM and is eligible for re-appointment.