Ushanti Colour Chem Limited has fixed Friday, May 22, 2026, as the cut-off date to determine shareholder eligibility for a postal ballot approving the migration of its equity shares from the NSE SME Emerge Platform to the Main Board. The company seeks shareholder approval via a special resolution to transition its listing segment under the SEBI (ICDR) Regulations, 2018, and the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The remote e-voting period commences on Saturday, May 30, 2026, at 9:00 Hours IST and concludes on Sunday, June 28, 2026, at 17:00 Hours IST. The notice of postal ballot will be dispatched electronically to shareholders on Thursday, May 28, 2026. Bigshare Services Private Limited has been appointed as the registrar and share transfer agent to facilitate the remote e-voting process.

CS Kunal Sharma, Proprietor of Kunal Sharma & Associates, has been appointed as the scrutinizer to oversee the postal ballot process. The results of the ballot will be announced not later than two working days after the conclusion of the voting period. The resolution requires that votes cast by shareholders other than promoters in favor of the proposal amount to at least two times the number of votes cast against it, as per Regulation 277 of the SEBI (ICDR) Regulations, 2018.

The board, during its meeting on May 26, 2026, authorized the filing of necessary applications and the completion of all formalities required for the migration. The company stated that moving to the Main Board would enhance recognition, increase liquidity, and allow participation from a larger pool of potential investors.

Ushanti Colour Chem Limited has announced its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 20, 2026. The statutory auditors, M/s. DJNV & Co., issued an unmodified opinion on the financial statements.

Standalone Financial Performance

The company reported a strong financial performance for the fiscal year 2026. Revenue from operations increased significantly to ₹12,370.46 lakh from ₹4,861.07 lakh in the previous year. Total revenue stood at ₹12,882.21 lakh. The company successfully turned its operations highly profitable, with a net profit for the period reaching ₹502.74 lakh, compared to ₹181.48 lakh in the prior year.

The following table outlines the key standalone financial metrics for the year ended March 31, 2026:

Consolidated Results

On a consolidated basis, which includes the subsidiary UC Colours and Intermediates Private Limited, the company reported a net profit of ₹191.10 lakh for the year ended March 31, 2026. This compares to a net loss of ₹52.45 lakh in the previous year. Total consolidated revenue from operations for the year was ₹12,372.00 lakh, comprising ₹8,382.26 lakh for the six months ended March 31, 2026, and ₹3,989.74 lakh for the preceding period.

Operational Highlights and Changes

The board also appointed M/s. Nishesh Dalal & Co, Chartered Accountants, as the internal auditor for the financial year ending March 31, 2027. Additionally, the auditors noted an emphasis of matter regarding a change in the method of depreciation from the Written Down Value (WDV) method to the Straight Line Method (SLM) effective from April 1, 2025. This change resulted in a lower depreciation charge of ₹86.10 lakh for the year, consequently increasing the Profit Before Tax by the same amount.

Fund Utilization

The company provided a certificate regarding the utilization of funds raised through a preferential issue. A total of ₹15.37 crore was raised on February 12, 2026. Out of the total proceeds, ₹815.00 lakh was utilized towards investment in a subsidiary and working capital requirements, leaving an unutilized balance of ₹722.00 lakh held in an escrow account.