Tuticorin Alkali Chemicals and Fertilizers Limited has called for a postal ballot to seek shareholder approval for the reappointment of Mr. E Rajeshkumar as Whole-Time Director and the payment of a special incentive. The Board approved the notice on May 18, 2026, and the remote e-voting process is scheduled from July 2, 2026, to July 31, 2026. The company published the notice in Trinity Mirror and Makkal Kural on July 2, 2026, pursuant to Rule 22 of the Companies (Management and Administration) Rules, 2014.

Reappointment and Remuneration

Shareholders will vote on appointing Mr. E Rajeshkumar (DIN: 10207780) as Whole-Time Director for a three-year term from July 8, 2026, to July 7, 2029. The proposed remuneration package per annum includes a basic salary, allowances, and perquisites of ₹47,31,960, a performance-linked pay of ₹9,75,000, and contributions to provident fund, NPS, and gratuity totaling ₹7,93,044. Additionally, he will be reimbursed for actual entertainment and traveling expenses incurred for company duties.

The resolution states that in the event of inadequacy or absence of profits, the director remains entitled to this remuneration as the minimum guaranteed amount, subject to the provisions of the Companies Act, 2013.

Special Incentive Proposal

The second resolution seeks approval for a special incentive of ₹10 lakh for Mr. Rajeshkumar for the financial year 2024-25. The Board approved this payment in February 2026 based on the recommendation of the Nomination and Remuneration Committee, recognizing his contribution to the company's growth. As the proposed incentive exceeds the limits prescribed under Schedule V of the Companies Act, 2013, it requires shareholder approval via a special resolution.

Financial Performance and Voting Details

The company reported a Profit After Tax of ₹62 crore for the financial year 2024-25. Revenue from operations stood at ₹309.48 crore for the same period, compared to ₹320.36 crore in the previous year.

The remote e-voting facility, managed by Central Depository Services (India) Limited (CDSL), begins on July 2, 2026, at 9:00 AM IST and concludes on July 31, 2026, at 5:00 PM IST. M/s. KRA & Associates has been appointed as the scrutinizer for the postal ballot process. The results will be announced within two working days of the conclusion of voting.

Tuticorin Alkali Chemicals and Fertilizers Limited convened a Board of Directors meeting on 18th May 2026, at which the board approved the audited financial results for the year ended 31st March 2026 pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors issued an unmodified audit opinion on the annual financial results. The meeting commenced at 2.00 PM and concluded at 5.55 PM.

Financial Performance: Year Ended 31st March 2026

The company recorded revenue from operations of Rs. 33,776.95 lakhs for the year ended 31st March 2026, compared to Rs. 30,948.82 lakhs in the previous year. Other income for FY26 stood at Rs. 531.62 lakhs against Rs. 622.88 lakhs in FY25, bringing total income to Rs. 34,308.57 lakhs versus Rs. 31,571.70 lakhs in the prior year. Total expenses for FY26 were Rs. 29,036.23 lakhs compared to Rs. 25,900.61 lakhs in FY25. The profit before exceptional items and tax stood at Rs. 5,272.34 lakhs for FY26, against Rs. 5,671.09 lakhs in FY25. The prior year included exceptional items of Rs. 2,287.81 lakhs, resulting in a profit before tax of Rs. 7,958.90 lakhs for FY25. Net profit after tax for FY26 was Rs. 3,661.09 lakhs, with basic and diluted earnings per share at Rs. 3.00 (face value Rs. 10 per share). The following table summarises the key income statement metrics:

Quarterly Performance: Quarter Ended 31st March 2026

For the quarter ended 31st March 2026, revenue from operations was Rs. 8,344.46 lakhs (834M rupees), compared to Rs. 9,818.38 lakhs in the quarter ended 31st December 2025 and Rs. 8,089.56 lakhs (809M rupees) in the quarter ended 31st March 2025. Net profit after tax for the quarter ended 31st March 2026 was Rs. 802.15 lakhs (80M rupees), against Rs. 914.83 lakhs in the December 2025 quarter and Rs. 724.19 lakhs (72M rupees) in the March 2025 quarter. On an EBITDA basis, Q4 EBITDA stood at 130M rupees versus 158M rupees in the same quarter of the prior year, with the EBITDA margin contracting to 15.57% from 19.57% year-on-year.

Balance Sheet Highlights as at 31st March 2026

The company's total assets stood at Rs. 62,056.24 lakhs as at 31st March 2026, compared to Rs. 52,087.65 lakhs as at 31st March 2025. Total equity increased to Rs. 18,080.54 lakhs from Rs. 14,120.02 lakhs in the prior year. Key balance sheet figures are presented below:

Cash Flow Summary

For the year ended 31st March 2026, net cash flows generated from operating activities were Rs. 12,427.19 lakhs, compared to a net cash outflow of Rs. (762.57) lakhs in the year ended 31st March 2025. Net cash used in investing activities was Rs. (14,165.51) lakhs, primarily on account of purchase of property, plant and equipment amounting to Rs. (13,389.00) lakhs. Net cash generated from financing activities was Rs. 1,720.36 lakhs. Cash and cash equivalents at the end of the year stood at Rs. 40.22 lakhs, against Rs. 58.18 lakhs at the beginning of the year.

Board Approves Re-Appointment of Whole-Time Director

The Board of Directors approved the re-appointment of Mr. E Rajeshkumar (DIN: 10207780) as Whole-time Director of the company with effect from 8th July 2026 for a period of three years up to 7th July 2029, subject to the approval of shareholders. The re-appointment follows the completion of his current tenure, which ran from 8th July 2023 to 7th July 2026. Mr. E Rajeshkumar is a chemical engineer with 30 years of overall experience. He joined SPIC in 1996 through the Engineering Management Trainee scheme and has served in various positions, including as DGM Production (Phosphatic), where he debottlenecked the phosphoric plant to increase production. The disclosure confirms that Mr. E Rajeshkumar is not related to any of the directors or Key Managerial Personnel of the company, and that he is not debarred from holding office by virtue of any SEBI order or any other regulatory authority.

Additional Disclosures

The company noted that it had lodged an insurance claim of Rs. 1,519.99 lakhs relating to loss of inventory on account of floods in December 2023. An amount of Rs. 900 Lakhs was received in May 2025, with the balance claims under process. The company also confirmed that it is not a Large Corporate as per the applicability criteria under Chapter XII of SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, and accordingly the related disclosure requirements are not applicable. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013.