Black Rose Industries Limited (BRIL) has reported a significant increase in revenue for the second quarter of fiscal year 2026, with both its manufacturing and distribution segments showing robust performance. The company's strategic initiatives and improved market conditions have contributed to this growth.

Financial Highlights

BRIL's Q2 FY26 financial performance showcases substantial growth compared to the previous quarter:

Segment-wise Performance

Manufacturing Division

The manufacturing segment demonstrated strong growth, with sales rising by 19% compared to the previous quarter. Key highlights include:

• Acrylamide liquid recorded significant growth, driven by strong domestic demand.
• Acrylamide solid maintained steady volumes.
• N-methylol acrylamide faced softer demand due to seasonal factors but maintained consistent momentum from key downstream sectors.

Distribution Division

The distribution business showed remarkable improvement:

• Turnover surged by 60% over the previous quarter.
• Growth was driven by robust supply support from key principals and higher volumes of core products such as ethanolamines, meta-cresol, and purified isophthalic acid.
• Merchant export volumes increased, supported by strategic alignment of offerings with customer requirements.

Key Financial Indicators

Outlook

The company expects improved performance in the upcoming quarter for both divisions:

• Manufacturing Division: Anticipated growth in acrylamide liquid exports, recovery in N-methylol acrylamide demand, and stable acrylamide solids performance.
• Distribution Division: Steady performance expected despite certain supply constraints, with plans to mitigate through new product additions and expanded market reach.

Projects and Expansions

BRIL continues to focus on innovation and long-term growth:

• The polyacrylamide solid R&D program is advancing towards the piloting phase.
• A feasibility study for the specialty amines project in collaboration with Koei Chemicals is progressing well.
• Environmental clearance for the specialty amines project is anticipated soon.
• Other new product development opportunities and toll-manufacturing projects are under active evaluation.

Black Rose Industries' strong performance in Q2 FY26 reflects its ability to capitalize on improved market conditions and strategic initiatives. The company's focus on both its manufacturing and distribution segments, coupled with ongoing R&D efforts, positions it well for continued growth in the Indian chemical industry.

Black Rose Industries Limited , a prominent player in the chemicals sector, has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Mayur Desai as Non-Executive Independent Director through electronic voting.

Postal Ballot Notice Details

The company has issued a postal ballot notice dated December 16, 2025, to BSE Limited for seeking member approval through a special resolution. The notice pertains to the appointment of Mr. Mayur Bhupendralalal Desai (DIN: 00358846) as a Non-Executive Independent Director.

Director Appointment Details

Mr. Mayur Desai was initially appointed as an Additional Director (Non-Executive Independent) effective November 11, 2025, subject to member approval through postal ballot. His appointment is proposed for a five-year term from November 11, 2025, to November 10, 2030.

Mr. Desai brings over four decades of experience as a Chartered Accountant, with expertise in:

• Taxation and regulatory matters
• Transaction advisory services
• Corporate governance
• Financial management and oversight
• Mergers and acquisitions

His extensive background includes advising listed companies, multinational corporations, and start-ups on complex tax and regulatory matters. Mr. Desai has also been a former committee member of BCAS (Bombay Chartered Accountants Society) and CTC (Chamber of Tax Consultants).

E-Voting Process

In compliance with MCA circulars, the postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company or depositories. Physical copies of the postal ballot notice are not being sent to members.

The company has appointed Mr. Shiv Hari Jalan, Company Secretary in Practice (Membership No.: FCS5703), as the Scrutinizer for conducting the postal ballot through the e-voting process.

Previous Financial Performance

The company had earlier reported its financial results for Q2 FY2026, showing consolidated revenue from operations of ₹8,397.60 crore compared to ₹9,304.62 crore in Q2 FY2025. The net profit for Q2 FY2026 was ₹442.63 crore versus ₹470.92 crore in the corresponding quarter of the previous year.

Corporate Governance Enhancement

The appointment of Mr. Desai as an independent director represents Black Rose Industries' commitment to strengthening its corporate governance framework. The board believes his extensive professional experience and expertise will contribute significantly to the company's strategic direction and governance practices.