Bharat Rasayan Limited , a prominent player in the Indian chemical industry, conducted an Extra-Ordinary General Meeting (EGM) on November 19, 2025, to address two significant corporate actions: a share split and a bonus issue. The meeting, held at Hotel Golden Grand in New Delhi, saw shareholders voting on these important matters that could potentially impact the company's stock structure and value.

Key Highlights of the EGM

Share Sub-Division Proposal

• The company proposed to split its equity shares from a face value of ₹10 each to ₹5 each.
• This move aims to increase the liquidity of the company's shares in the stock market.

Bonus Share Issue

• A proposal to issue bonus equity shares to existing shareholders was put to vote.
• The exact ratio of the bonus issue was not specified in the available information.

Voting Process

• The company provided a comprehensive voting process to ensure maximum shareholder participation:
  • Remote e-voting was available from November 16 to November 18, 2025.
  • Physical polling was conducted at the EGM venue for shareholders who hadn't used the e-voting option.

Scrutiny and Results

• M/s. A.Anand & Co., Practicing Company Secretaries, was appointed as the scrutinizer for both remote e-voting and physical polling.
• The final results, combining both voting methods, are to be declared within two days of the EGM's conclusion.

Meeting Proceedings

The EGM was presided over by Shri Sat Narain Gupta, Chairman & Managing Director of Bharat Rasayan Limited. The meeting followed a structured agenda:

1. Introduction and quorum verification
2. Reading of the EGM notice
3. Explanation of the voting processes
4. Clarification of the objectives and implications of the proposed resolutions
5. Q&A session for shareholders
6. Conduct of physical polling at the venue

Importance of the Proposed Actions

The proposed share split and bonus issue are significant corporate actions that could have several implications:

1. Increased Liquidity: The share split could make the stock more accessible to a broader range of investors, potentially increasing trading volume.
2. Shareholder Value: The bonus issue, if approved, would reward existing shareholders without affecting the company's cash reserves.
3. Market Perception: These actions often signal management's confidence in the company's future prospects.

Shareholders and potential investors are advised to await the official declaration of results, which will be submitted to the stock exchanges and posted on the company's website within the stipulated timeframe.

Bharat Rasayan Limited's move to consider these corporate actions reflects its commitment to enhancing shareholder value and improving stock liquidity. As the chemical industry continues to evolve, such strategic decisions could play a crucial role in the company's market positioning and investor relations.

Bharat Rasayan Limited (BRL), a leading agrochemical manufacturer, has reported a significant decline in its financial performance for the second quarter. The company's results reflect challenges in the agrochemical sector, with decreases observed across key financial metrics.

Financial Highlights

Revenue and Profitability

Bharat Rasayan's revenue for the quarter decreased to ₹285.96 crore, down from ₹327.87 crore in the same period last year, marking a 12.78% year-on-year decline. This reduction in top-line performance suggests challenging market conditions for the company's products.

The company's profitability saw a more pronounced decline. Net profit for the quarter stood at ₹26.16 crore, compared to ₹40.15 crore in the same quarter of the previous year, representing a 34.84% decrease. This sharp reduction in profit indicates pressure on the company's margins and operational efficiency.

Operational Performance

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter was ₹33.07 crore, down from ₹54.79 crore in the corresponding quarter of the previous year, showing a substantial decrease of 39.64%. This decline in EBITDA outpaced the revenue decline, suggesting increased operational costs or pricing pressures.

The EBITDA margin contracted significantly to 11.56% from 16.71% in the same quarter last year, a decrease of 515 basis points. This margin compression indicates challenges in maintaining profitability amid potentially rising input costs or competitive pricing environment.

Sector Outlook

The financial results suggest that Bharat Rasayan may be facing headwinds in the agrochemical sector. These could include factors such as fluctuating raw material prices, competitive pressures, or changes in demand patterns for agricultural inputs.

Looking Ahead

As Bharat Rasayan navigates through these challenging times, investors and market observers will be keen to see how the company adapts its strategies to improve profitability and regain growth momentum. The agrochemical sector's performance in the coming quarters will be crucial in determining the company's trajectory for the remainder of the fiscal year.