Yash Chemex Limited's board has approved a notice of postal ballot to seek shareholder approval for the appointment of M/s TRS & Associates, Chartered Accountants as the statutory auditors for the financial year 2025-26. The appointment is necessitated by a casual vacancy arising from the resignation of the previous auditors, M/s S. L. Patel & Co, Chartered Accountants. This decision was taken during the board meeting held on July 06, 2026.

The board appointed CS Kunal Sharma, Proprietor of Kunal Sharma & Associates, Company Secretary in Practice, as the scrutinizer to oversee the postal ballot process. The voting will be conducted through remote e-voting to ensure transparency. The board also approved the calendar of events and cut-off dates for the postal ballot process.

The meeting, which commenced at 01:30 PM IST and concluded at 02:00 PM IST, was held pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. A copy of the postal ballot notice, along with the calendar of events and timelines, will be submitted to the stock exchange in due course.

Key Appointments

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.