Shree Pushkar Chemicals & Fertilisers Limited , a leading player in the chemicals and fertilizers sector, has successfully completed the allotment of fully convertible warrants to its promoter following overwhelming shareholder approval at its recent EGM. The company has now moved forward with its Rs 350 crore expansion plan after receiving the required subscription amount.

Warrant Allotment Completed

The Board of Directors approved the allotment of 7,36,196 fully convertible warrants through a circular resolution on December 27, 2025. The warrants were allotted to Mr. Gautam Gopikishan Makharia, Joint Managing Director and Promoter, following receipt of the stipulated 25% subscription amount.

The allotment was completed after receiving 'In Principle Approval' from both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with regulatory requirements.

EGM Proceedings and Voting Results

The company conducted its EGM on December 10, 2025, from 3:00 p.m. to 3:15 p.m. through video conferencing facilities. The meeting was chaired by Punit Gopikishan Makharia, Chairman and Managing Director, with participation from key board members and stakeholders.

Both key resolutions received overwhelming support, with the authorized share capital increase approved with 99.99% votes in favour and the warrant issue receiving 99.98% approval from shareholders.

Expansion Plans and Funding Strategy

The company's board has approved a capital expenditure of Rs 350 crore for expanding its wholly-owned subsidiary, Madhya Bharat Phosphate Private Limited, located in Meghnagar, Jhabua, Madhya Pradesh. This expansion aims to add a capacity of 3,00,000 MTPA for complex fertilizers, with completion expected by March 2028.

The fully convertible warrants are convertible within 18 months from the allotment date and will partially fund this strategic expansion initiative.

Strong Q2 Financial Performance

For the quarter ended September 30, 2025, Shree Pushkar Chemicals delivered robust financial results across all key metrics:

The company witnessed substantial growth with revenue from operations surging by 45.20% year-over-year, while net profit increased by 36.70% and EBITDA grew by 34.70% compared to the same quarter in the previous fiscal year.

Corporate Developments

Several key corporate actions have been undertaken to support the company's growth trajectory. The authorized share capital increase to Rs 33.50 crore accommodates the proposed expansion and warrant issue. Additionally, the company declared a dividend of Rs 2.00 per share for the financial year 2024-25.

A new wholly-owned subsidiary, Dyecol Color Technologies Private Limited, was incorporated on September 3, 2025, in Mumbai, further strengthening the company's operational capabilities and market presence in the specialty chemicals segment.

Shree Pushkar Chemicals & Fertilisers Limited , a prominent player in the chemicals and fertilisers sector, has reported a significant increase in its financial performance for the second quarter of the fiscal year.

Financial Highlights

The company's consolidated net profit for Q2 rose to 182.00 million rupees, marking a substantial 37% increase from 133.00 million rupees in the same period last year. This growth in profitability underscores the company's robust performance in a competitive market.

Revenue for the quarter also saw a notable uptick, reaching 2.55 billion rupees, up from 1.76 billion rupees year-over-year, representing a 45% increase. This revenue growth indicates strong demand for the company's products and effective market strategies.

Operational Performance

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed improvement, rising to 262.00 million rupees compared to 191.00 million rupees in the corresponding quarter last year. This 37% increase in EBITDA reflects enhanced operational efficiency and cost management.

However, the EBITDA margin experienced a slight decline, moving to 10.28% from 10.86% in the same quarter of the previous year. This marginal decrease in margin may be attributed to various factors such as input costs or market dynamics.

Expansion Plans

The Board of Directors has approved a major expansion plan for Madhya Bharat Phosphate Private Limited, a wholly-owned subsidiary of Shree Pushkar Chemicals & Fertilisers. The expansion, located at Meghnagar, Jhabua, Madhya Pradesh, involves:

• A capital expenditure of 350.00 crore rupees
• Addition of 3,00,000 MTPA capacity for Complex Fertilisers
• Expected completion by March 2028

This expansion aims to cater to the growing demand from customers in the fertiliser segment, potentially strengthening the company's market position.

Funding the Expansion

To finance this expansion, the company plans to raise funds through a preferential issue of fully convertible warrants to the promoter, Mr. Gautam Gopikishan Makharia. Key details of this issue include:

• Issuance of up to 7,36,196 fully convertible warrants
• Each warrant convertible into one equity share
• Issue price set at 407.50 rupees per warrant
• Total issue size of approximately 29.99 crore rupees

This move is expected to strengthen the company's capital base and support its growth initiatives.

Market Implications

The robust financial performance, coupled with ambitious expansion plans, may position Shree Pushkar Chemicals & Fertilisers favorably in the market. The company's focus on increasing its production capacity in the fertiliser segment aligns with the growing agricultural sector demands.

Investors and market watchers may view these developments positively, considering the company's growth trajectory and strategic initiatives to enhance its market presence.