Yash Chemex Limited has scheduled remote e-voting from July 12, 2026, to July 17, 2026, to seek shareholder approval for the appointment of M/s TRS & Associates, Chartered Accountants as statutory auditors. This appointment fills a casual vacancy caused by the resignation of the previous auditors, M/s S. L. Patel & Co, Chartered Accountants, effective May 19, 2026. The Board of Directors has recommended the firm for the role, subject to ratification by shareholders through the postal ballot process.

The postal ballot notice was dispatched to shareholders on July 10, 2026. Shareholders holding shares as on the cut-off date of July 3, 2026, are eligible to participate. The results of the ballot will be declared on or before July 19, 2026. The company has intimated the completion of the dispatch of the notice and the publication of advertisements in Business Standard and Jai Hind newspapers on July 11, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Appointments and Details

The proposed remuneration for the statutory auditors is INR 4.00 Lakhs per annum plus applicable taxes and out-of-pocket expenses. The firm, M/s TRS & Associates, holds a Peer Review Certificate issued by the ICAI. The appointment, if approved, will be effective until the conclusion of the 20th Annual General Meeting of the Company.

Yash Chemex Limited reported a 25.6% increase in standalone net profit to ₹153.79 crore for the financial year ended March 31, 2026, compared to ₹122.44 crore in the previous year. Revenue from operations for the year rose 30.9% to ₹7,588.76 crore from ₹5,796.47 crore in FY25. The company's Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and the full financial year at a meeting held on May 30, 2026. Subsequently, the company submitted newspaper publications of these audited results to the exchange on June 1, 2026, under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Standalone Financial Performance

For the fourth quarter ended March 31, 2026, the company reported a net profit of ₹26.05 crore, a turnaround from the net loss of ₹5.54 crore recorded in the same period of the previous year. Revenue from operations for the quarter stood at ₹1,657.09 crore, slightly lower than the ₹1,784.11 crore reported in Q4 FY25. Total income for the quarter was ₹1,719.89 crore, while total expenses were ₹1,683.61 crore.

The company's earnings per share (EPS) for the full year improved to ₹1.50 from ₹1.20 in the previous year. For the quarter, basic EPS was reported at ₹0.25. Other comprehensive income for the year was significantly higher at ₹140.60 crore compared to ₹4.98 crore in the prior year, resulting in a total comprehensive income of ₹294.39 crore.

Consolidated Results

On a consolidated basis, which includes subsidiary Yasons Chemex Care Limited, the company reported a net profit of ₹247.57 crore for FY26, down from ₹283.61 crore in the previous year. Total consolidated revenue for the year increased to ₹14,756.02 crore from ₹9,752.75 crore in FY25. For the quarter ended March 31, 2026, the consolidated entity reported a net loss of ₹43.95 crore, compared to a net profit of ₹44.19 crore in the corresponding quarter of the previous year.

The net profit attributable to the owners of the company for the full year was ₹202.07 crore, while non-controlling interest accounted for ₹45.50 crore. Total comprehensive income for the year stood at ₹382.57 crore.

Auditor Transition and Opinion

The statutory auditors, M/s TRS & Associates, Chartered Accountants, issued an audit report with an unmodified opinion on both the standalone and consolidated financial results. The firm was appointed on May 19, 2026, to fill a casual vacancy caused by the resignation of the previous statutory auditors, M/s S. L. Patel & Co. The new auditors performed additional procedures, including communication with predecessor auditors and evaluation of opening balances, to ensure the integrity of the financial statements.

Financial Position

As of March 31, 2026, the company's total standalone assets stood at ₹5,170.35 crore, an increase from ₹4,130.72 crore in the previous year. Total equity increased to ₹2,783.94 crore from ₹2,489.56 crore. On the consolidated balance sheet, total assets were reported at ₹9,671.57 crore, with total equity standing at ₹6,121.58 crore.