Vipul Organics Limited has announced that the register of members will close from September 24 to September 30, 2026, for its upcoming annual general meeting. The company confirmed Wednesday, September 23, 2026, as the record date for determining dividend eligibility for the financial year ended March 31, 2026.

The 54th Annual General Meeting is scheduled to take place on Wednesday, September 30, 2026, at 3:30 pm through video conferencing or other audio-visual means. This arrangement complies with the Companies Act, 2013, and relevant MCA circulars, allowing shareholders to participate without physical presence at a common venue.

Voting Schedule

Shareholders eligible to vote must cast their ballots during the designated remote e-voting window. The facility opens on Sunday, September 27, 2026, at 9:00 am and closes on Tuesday, September 29, 2026, at 5:00 pm.

The announcement was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vipul Shah, Managing Director of the company, signed the disclosure filed with the Bombay Stock Exchange on September 7, 2026.

Vipul Organics reported a 56% year-on-year rise in standalone net profit to ₹6.92 crore for FY26, while revenue grew 8% to ₹175.40 crore. The company also declared an 8% dividend of ₹0.80 per share.

The results reflect significant operating leverage, with profit growth outpacing top-line expansion by nearly seven times. This divergence was driven by disciplined cost management and a richer product mix in the core dyes and pigments business.

Financial Performance

Standalone revenue from operations increased by 7.74% to ₹175.40 crore from ₹162.80 crore in FY25. Profit before tax (PBT) rose 50.24% to ₹9.55 crore. Earnings per share (EPS) grew 41.70% to ₹3.84 from ₹2.71.

Quarterly data indicates accelerating momentum. Q4 FY26 revenue reached ₹52.62 crore, representing a 19.67% YoY increase. Q4 PAT surged 152% to ₹1.97 crore from ₹0.79 crore in the prior year period.

What the Numbers Show

The disconnect between modest revenue growth and sharp profit expansion highlights improved operational efficiency. Of every additional rupee earned over the prior year, approximately twenty paise converted directly into profit, lifting the aggregate net profit margin to 3.95% from 2.73%. This suggests the company successfully insulated margins from input cost volatility through better cost discipline and product mix optimization.

Capacity and Expansion

The company commissioned its greenfield facility at Sayakha, Gujarat, which expands rated pigment capacity from ~2,000 TPA to ~10,000 TPA. The site also houses the manufacturing operations for AdiMem Technologies, the company’s indigenous membrane division for water treatment solutions.

To fund these expansions without increasing leverage, Vipul Organics raised approximately ₹47.96 crore through equity instruments:

• A rights issue of 44.37 lakh shares at ₹46 per share, raising ₹20.41 crore.
• A preferential allotment of 13.05 lakh shares at ₹211 per share, raising ₹27.54 crore.

The balance sheet remains clean, with the debt-equity ratio improving to 0.45 from 0.71 in the previous year.

Strategic Developments

Beyond core pigments, the company entered new verticals during FY26:

• Automotive Intermediates: Cleared an 18-month qualification process and secured its first export shipment, crossing ₹14 crore in cumulative exports.
• European Distribution: Partnered with Omya International AG to distribute SunTone® and SunCoat® pigments across eight European markets.
• Membrane Technology: AdiMem commenced commercial sales of reverse osmosis and ultrafiltration membranes.

The 54th Annual General Meeting is scheduled for September 30, 2026, to approve these financials and reappoint key management personnel.