Indo euro indchem Limited has submitted revised unaudited financial results for the second quarter and half year ended September 30, 2025, following discrepancies identified by BSE Limited in February 2026. The chemical trading company demonstrated strong quarterly performance with significant year-on-year growth across key financial metrics.

Quarterly Financial Performance

The company's Q2FY26 results showed remarkable improvement compared to the corresponding quarter of the previous year:

The substantial revenue growth was primarily driven by increased purchases of stock-in-trade, which rose to ₹110.64 lakhs from ₹69.51 lakhs in Q2FY25. Other income remained relatively stable at ₹14.80 lakhs compared to ₹20.14 lakhs in the previous year.

Half Year Performance Analysis

For the six-month period ended September 30, 2025, the company's performance showed mixed results:

Despite the decline in revenue for the half year period, the company managed to maintain profitability and achieve modest growth in net profit.

Expense Management and Operational Efficiency

The company's expense structure for Q2FY26 totaled ₹283.55 lakhs compared to ₹109.44 lakhs in Q2FY25. Key expense components included:

• Purchases of stock-in-trade: ₹110.64 lakhs
• Other expenses: ₹110.23 lakhs
• Changes in inventories: ₹49.07 lakhs
• Employee benefits expense: ₹13.05 lakhs

The company maintained minimal finance costs and depreciation expenses, reflecting efficient capital management.

Balance Sheet Position

As of September 30, 2025, the company's financial position showed:

The significant reduction in trade receivables from ₹1,385.66 lakhs to ₹743.50 lakhs indicates improved collection efficiency.

Corporate Governance and Compliance

The revised financial results were reviewed by the audit committee and approved by the Board of Directors at their meeting held on November 13, 2025. The results have been prepared in accordance with Indian Accounting Standards and SEBI regulations. The company operates in a single business segment of trading in chemicals and others, making segment-wise disclosure not applicable under Ind AS-108.

Indo Euro Indchem Limited has issued a formal response to BSE Limited regarding an inquiry into recent price movements of its shares. The company's clarification, dated January 29, 2026, addresses concerns raised by the stock exchange about share price volatility.

Company's Official Response

In its communication to BSE, Indo Euro Indchem emphasized that it has consistently disclosed all material information impacting its operations and performance. The company stated that it has been regularly informing BSE of events and information that could influence its business, including all price-sensitive developments as mandated under regulatory requirements.

Market-Driven Price Movement

The company categorically stated that the movement in its share price is purely due to market conditions and is market-driven. Indo Euro Indchem clarified that it neither has control over these price movements nor possesses specific knowledge of the underlying reasons causing the fluctuations.

Regulatory Compliance Commitment

Indo Euro Indchem reiterated its strict adherence to the requirements outlined in Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company assured BSE that it will continue to keep the stock exchange informed of any material information as required under applicable regulations whenever such events occur.

The response was digitally signed by Managing Director Vardhman Chhaganlal Shah, demonstrating the company's formal commitment to transparency and regulatory compliance in its communications with stock exchanges.