Polychem Limited has issued a postal ballot notice under Regulation 30 of SEBI (LODR) Regulations, 2015, seeking shareholder approval for the re-appointment of Mr. Parthiv T. Kilachand as Managing Director. The company filed the notice on February 16, 2026, following the Board's earlier approval on February 9, 2026.

Postal Ballot Details

The postal ballot process will be conducted entirely through remote electronic voting, with no physical ballot forms being distributed to shareholders. The voting schedule and key parameters are outlined below:

Managing Director Re-appointment Terms

The Board has proposed the re-appointment of Mr. Parthiv T. Kilachand (DIN: 00005516) as Managing Director for a three-year term effective April 1, 2026. This appointment supersedes the earlier resolution passed at the 66th Annual General Meeting held on August 29, 2023.

Remuneration Structure

The proposed remuneration structure for Mr. Kilachand includes two scenarios based on the company's profitability:

Scenario A - Sufficient Net Profit:

• Salary up to 5% of the company's net profit as calculated under Section 198 of the Companies Act, 2013

Scenario B - No Profits or Inadequate Profits:

• Minimum remuneration up to ₹12,50,000 per month or ₹1,50,00,000 per annum
• Additional perquisites including house rent allowance (up to 60% of salary), medical expenses, travel concessions, and company-maintained facilities

Voting Process and Eligibility

Shareholders whose names appear in the Register of Members as on the cut-off date of February 12, 2026, are eligible to participate in the remote e-voting process. The company has engaged NSDL to provide the e-voting platform, accessible through www.evoting.nsdl.com .

Corporate Governance and Compliance

The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company, its Registrar & Transfer Agent (MUFG Intime India Private Limited), or depositories. The notice is also available on the company's website at www.polychemltd.com and on BSE's website.

Family Connections and Background

Mr. Parthiv T. Kilachand brings extensive experience to the role, having been associated with the company since 1988 in various capacities. He holds qualifications in Electrical Engineering and Economics from Brown University, USA. Notably, he is the son of Mr. Tanil R. Kilachand (Chairman) and brother of Mr. Nandish T. Kilachand (Director), representing the promoter family's continued involvement in company management.

The resolution requires approval by special resolution, and the results will be communicated to BSE where the company's shares are listed. The scrutinizer will submit the final report to the Chairman upon completion of the vote counting process.

Polychem Limited has announced its financial results for the quarter and half-year ended September 30, 2025, showcasing a strong performance across key metrics. The Board of Directors approved the standalone and consolidated unaudited financial results in a meeting held on November 12, 2025.

Financial Highlights

All financial figures are in Rs. lakhs, except Face Value per Share which is in Rs.

Subsidiary Performance

Gujarat Poly Electronics Limited, a subsidiary of Polychem Limited, reported:

All financial figures are in Rs. lakhs

Key Points

• The board meeting commenced at 11:30 a.m. and concluded at 2:30 p.m. on November 12, 2025.
• Statutory auditors Nayan Parikh & Co. provided limited review reports for both standalone and consolidated results.
• The company maintains a consistent paid-up equity share capital with a face value of Rs. 10 per share.

Performance Analysis

Polychem Limited's financial results indicate a robust performance for the first half of the fiscal year 2026. The standalone total income of Rs. 1,099.03 lakhs and a net profit of Rs. 336.76 lakhs demonstrate the company's strong financial position. Additionally, the total assets of Rs. 3,797.90 lakhs as of September 30, 2025, reflect the company's solid asset base.

The subsidiary, Gujarat Poly Electronics Limited, also showed promising results with a total revenue of Rs. 1,191.63 lakhs for the half-year, contributing significantly to the group's overall performance.

Investors and stakeholders may find confidence in the company's financial health and its ability to generate profits in the current economic environment. As always, it is advisable to consider these results in conjunction with broader market trends and future outlook when making investment decisions.

The detailed financial statements and limited review reports are available for further scrutiny, providing transparency and assurance to the stakeholders about the company's financial position and performance.