Vadivarhe Speciality Chemicals has disclosed that its promoters and promoter group have not created any encumbrances on their equity shareholdings as of March 31, 2026. This declaration was submitted to the National Stock Exchange of India in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the shares held by the promoters are free from liens or charges, which is a key indicator of financial stability for shareholders.

The disclosure was made by Sunil Haripant Pophale, a promoter of the company, on behalf of all promoters and persons acting in concert. The submission covers the financial year ended March 31, 2026. The company's Board and the Audit Committee were also furnished with this information as part of the regulatory compliance process.

Shareholding Details

The promoter group, comprising individuals and corporate entities, holds a significant portion of the company's equity. The total shareholding of the promoter group stands at 85,42,250 shares, representing 66.83% of the total share or voting capital. The detailed breakdown of the shareholding and the status of encumbrances is provided in the table below.

The table indicates that none of the shares held by the promoters or the promoter group entities are encumbered. This includes shares held by individual promoters such as Meena Sunil Pophale, who holds the largest stake at 47.24%, as well as shares held by various private limited companies and LLPs associated with the promoters.

Vadivarhe Speciality Chemicals reported a net loss of ₹163.77 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹926.53 lakh in the previous year. The board approved the audited financial results for the half year and financial year ended March 31, 2026, during a meeting held on May 28, 2026. Revenue from operations for the year stood at ₹4,578.03 lakh, up from ₹3,790.53 lakh in FY25. For the half year ended March 31, 2026, the company posted a profit of ₹221.48 lakh.

S. R. Rahalkar & Associates, Statutory Auditors, issued an audit report with an unmodified opinion on the standalone financial results. However, the auditors included an emphasis of matter paragraph noting that the company has accumulated losses and its net worth has been fully eroded. The report states that current liabilities exceed current assets, indicating a material uncertainty about the company's ability to continue as a going concern. Management represented that confirmed orders in hand are expected to generate substantial cash flows and improve the financial position.

The board appointed M/s. Yatin and Associates, Chartered Accountants, as internal auditors for the financial year 2026-27. The firm is headed by CA Yatin Patwardhan and comprises a team of 24 professionals. The trading window for dealing in the company's securities, which closed on April 01, 2026, will reopen 48 hours after the declaration of the audited financial results.

Financial Performance

Key Meeting Details