Vikram Thermo has scheduled its 32nd Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will be conducted via Video Conference or Other Audio Visual Means (OAVM).

The Board recommends a final dividend of 12.5% per equity share for FY26, amounting to ₹1.25 per share. This is an increase from the previous year's dividend of ₹1 per share. Shareholders on record as of September 22, 2026, will be eligible for the payout. The Register of Members and Share Transfer Books will remain closed from September 23 to September 29, 2026.

Financial Performance

Vikram Thermo reported a significant improvement in profitability for FY26. Revenue from operations grew 6.2% to ₹13,409.78 lakh from ₹12,623.06 lakh in FY25. Profit after tax (PAT) from continuing operations surged 14.1% to ₹3,849.85 lakh, up from ₹3,375.87 lakh in the previous year.

When including discontinued operations, the total PAT for FY26 stood at ₹3,849.85 lakh, compared to ₹809.85 lakh in FY25. The prior year's results were impacted by an exceptional loss of ₹2,534.10 lakh due to the demerger of its Aromatic Chemical unit. Earnings per share (EPS) rose to ₹12.28 from ₹2.58 in FY25.

Governance and Director Reappointments

The AGM agenda includes the reappointment of three directors. Mr. Dhirajlal Karsanbhai Patel, Chairman & Managing Director, retires by rotation and offers himself for re-appointment.

Additionally, shareholders will vote on the reappointment of two Whole Time Directors for a consecutive period of five years, effective August 13, 2026:

• Mr. Dineshkumar Harjivanbhai Patel
• Mr. Ankur Patel

Remuneration for these roles will be mutually agreed upon between the directors and the Board.

Related Party Transaction

The meeting will also seek approval for an increase in remuneration for Mr. Vikalp Dhirajlal Patel, Head F&D and relative of the Managing Director. His monthly remuneration is proposed to rise from ₹1,99,650 to ₹2,92,820, effective April 1, 2026. This revision follows recommendations from the Nomination and Remuneration Committee and approval by the Audit Committee.

Voting and Logistics

Remote e-voting opens on Saturday, September 26, 2026, at 9:00 am and closes on Monday, September 28, 2026, at 5:00 pm. The facility is provided by NSDL. Members who vote remotely cannot vote during the live AGM session.

The Board has appointed M/s Nisha Patel & Associates as Cost Auditors for FY27, with remuneration set at ₹55,000 plus GST.

Vikram Thermo (India) Limited reported a 67% year-on-year increase in net profit to ₹132.8 crore for the quarter ended June 30, 2026, driven by robust revenue growth in its single reportable segment, pharma polymers. The Ahmedabad-based manufacturer saw revenue from operations rise 33% to ₹378.7 crore, reflecting strong demand for its specialty polymers. Profit before tax jumped 68% to ₹179.0 crore compared to ₹106.6 crore in the corresponding quarter of the previous year.

The financial results were approved by the Board of Directors during a meeting held on August 11, 2026, at the company's registered office. The statutory auditor, J.T. Shah & Co., issued a limited review report on the standalone unaudited financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The filing was submitted to BSE Limited by Chairman & Managing Director Dhirajlal K Patel.

Financial Performance Highlights

The company's total income rose to ₹387.6 crore from ₹287.8 crore in Q1FY26. While cost of materials consumed increased to ₹121.4 crore from ₹105.8 crore, the company managed to reduce other expenditure significantly to ₹57.4 crore from ₹45.7 crore in Q1FY26. Employee benefit expenses remained stable at ₹36.8 crore. Earnings per share (EPS) stood at ₹4.24, up from ₹2.53 in the same period last year.

The table below summarises the key financial metrics for the quarter:

Governance and Director Re-appointments

Alongside the financial results, the Board addressed key governance matters. It approved the re-appointment of two executives as Whole-Time Directors for a five-year term, effective August 13, 2026, subject to shareholder approval at the Annual General Meeting (AGM). The appointments follow the completion of their existing terms.

• Dineshkumar Patel: Holds an M.Sc. and Ph.D., with extensive experience in production and R&D.
• Ankur Dhirajlal Patel: A chemical engineer with a master's in polymer science from the USA, experienced in marketing and R&D. He is the son of Managing Director Dhirajlal Patel.

AGM and Compliance Updates

The Board approved the draft notice for the 32nd Annual General Meeting, including the Board's Report, Corporate Governance Report, and Secretarial Audit Report. M/s A Shah & Associates, Practicing Company Secretary, was appointed as the scrutinizer for the AGM. The company also approved the cost audit report for FY26. These filings comply with Regulation 30 and Regulation 33 of SEBI's LODR Regulations, ensuring transparency in corporate governance and financial disclosures.