Shree Hari Chemicals' Subsidiary Secures Environmental Clearance for Chemical Manufacturing

Shree Hari Chemicals Export Limited has announced a significant development for its wholly owned subsidiary, Shakambhari Dyechem Private Limited. The State Environment Impact Assessment Authority (SEIAA) has granted Environmental Clearance to Shakambhari Dyechem, permitting the manufacturing of Synthetic Organic Chemicals and Dye Intermediates.

Key Details

Aspect	Information
Parent Company	Shree Hari Chemicals Export Limited
Subsidiary	Shakambhari Dyechem Private Limited
Clearance Granted By	State Environment Impact Assessment Authority (SEIAA)
Clearance For	Manufacturing of Synthetic Organic Chemicals and Dye Intermediates

Timeline of Events

This recent development follows a previous intimation made by the company in April, indicating that the process has been ongoing for several months. The company officially informed the BSE Limited about this update on October 27, in compliance with its listing obligations and disclosure requirements.

Implications

The environmental clearance marks a crucial step for Shakambhari Dyechem Private Limited, allowing it to proceed with its plans to manufacture Synthetic Organic Chemicals and Dye Intermediates. This approval may potentially expand the subsidiary's operational capabilities and contribute to the overall business activities of Shree Hari Chemicals Export Limited.

Corporate Governance

The timely disclosure of this information demonstrates Shree Hari Chemicals' commitment to transparency and adherence to regulatory requirements. The announcement was made through proper channels, with the company's Chairman & Managing Director, B.C. Agrawal, signing off on the official communication to the BSE.

Stakeholders may be interested in future announcements regarding the implementation of manufacturing operations and potential impacts on the company's financial performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.02%	+0.68%	+0.53%	-35.87%	+6.22%	+270.02%

Shree Hari Chemicals Export Limited , a prominent player in the chemical industry, has announced significant developments in its corporate structure and financial performance.

New Appointment

The company has appointed Ms. Sushmita Sonavane as its new Company Secretary and Compliance Officer, effective August 13, 2025. Ms. Sonavane brings over three years of experience in handling secretarial and compliance functions for listed companies. An Associate Member of the Institute of Company Secretaries of India (ICSI), she also holds an LL.B. from Mumbai University, enhancing her legal and regulatory expertise.

Q1 FY2026 Financial Results

Shree Hari Chemicals Export Limited has released its unaudited financial results for the quarter ended June 30, 2025:

Particulars (₹ in lakhs)	Q1 FY2026 (Unaudited)	Q1 FY2025 (Unaudited)	YoY Change
Revenue from Operations	2,431.60	3,087.30	-21.24%
Total Income	2,452.50	3,099.95	-20.88%
Total Expenses	2,673.97	3,072.25	-12.96%
Profit/(Loss) before Tax	(221.16)	27.74	-897.19%
Net Profit/(Loss)	(166.27)	20.83	-898.22%

The company experienced a significant decline in its financial performance compared to the same quarter last year. Revenue from operations decreased by 21.24%, while the company reported a net loss of ₹166.27 lakhs compared to a profit of ₹20.83 lakhs in Q1 FY2025.

Preferential Issue Update

Shree Hari Chemicals Export Limited confirmed that there were no deviations or variations in the utilization of proceeds from its preferential issue. The company had raised ₹6.57 crore through issues dated November 15, 2024, and March 15, 2025.

Board Meeting Details

The Board of Directors convened on August 13, 2025, to approve the unaudited financial results and the appointment of the new Company Secretary. The meeting commenced at 12:15 p.m. and concluded at 3:50 p.m.

Shree Hari Chemicals Export Limited continues to navigate challenges in the chemical industry, as reflected in its Q1 FY2026 results. The appointment of Ms. Sonavane as Company Secretary and Compliance Officer is expected to strengthen the company's corporate governance practices moving forward.