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.

Maunal Shantilal Gandhi, Promoter and representative of the Promoter Group of Ushanti Colour Chem Limited, has filed a formal declaration with the National Stock Exchange of India Limited, dated April 03, 2026. The declaration has been submitted pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time.

No Encumbrance on Promoter Holdings

In the declaration, Maunal Shantilal Gandhi confirmed that the promoter group held 76,25,100 equity shares of Ushanti Colour Chem Limited as on March 31, 2026. The declaration further states that neither the promoter nor persons acting in concert have created any encumbrance on the equity shares of the company, either directly or indirectly, during the financial year ended March 31, 2026.

Entities Covered Under the Declaration

The declaration has been submitted on behalf of ten entities, comprising both promoters and members of the promoter group. The following table details the entities covered:

Regulatory Compliance

The declaration has been addressed to the Manager, Listing Department, National Stock Exchange of India Limited, Mumbai, and a copy has been forwarded to the Audit Committee of Ushanti Colour Chem Limited at its registered office in GIDC Phase I, Vatva, Ahmedabad. The filing reflects the company's adherence to the disclosure obligations prescribed under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.