SH Kelkar & Company Limited (SHK), India's largest fragrance and flavours company of Indian origin, has reported a strong financial performance for the first half of the fiscal year 2025-26. The company's latest business update reveals significant growth and operational stability.

Financial Highlights

• Revenue Growth: SHK's consolidated revenues for H1 FY2026 reached ₹1,140.00 crores, marking a growth of approximately 13% compared to the same period last year.
• Gross Margins: The company maintained steady gross margins on a sequential basis, indicating consistent operational efficiency.
• Net Debt: As of September 30, 2025, SHK's net debt stood at approximately ₹698.00 crores.

Key Operational Updates

• Business Stability: The steady gross margins suggest that SHK has been able to manage its costs effectively despite potential market fluctuations.
• Market Position: As the largest Indian-origin Fragrance and Flavours Company in India, SHK's growth reflects positively on its market standing and operational capabilities.

Corporate Governance

SHK disclosed changes in its key managerial personnel:

• New Appointment: Ms. Deepti Chandratre has been appointed as the Interim Chief Financial Officer, effective October 07, 2025. She will continue her roles as Global Legal Counsel and Company Secretary.
• Leadership Profile: Ms. Chandratre brings over 19 years of experience in legal and corporate secretarial functions, including mergers, acquisitions, and corporate restructurings.

Industry Implications

The robust growth of SH Kelkar & Company suggests a positive trend in the fragrance and flavours industry, potentially indicating increased consumer demand in related sectors such as personal care, food, and beverages.

Investor Considerations

While the revenue growth is impressive, investors should note:

• The company's net debt position
• The interim nature of the CFO appointment

Conclusion

SH Kelkar & Company's strong performance in H1 FY2026 demonstrates its resilience and growth potential in the fragrance and flavours market. The company's ability to maintain margins while achieving significant revenue growth positions it well for future expansion. However, investors should keep an eye on the debt levels and any further management changes that may impact the company's strategic direction.

SH Kelkar & Company , a prominent player in the fragrance and flavor industry, has announced a significant change in its leadership structure. The company has appointed Ms. Deepti Chandratre as its Interim Chief Financial Officer (CFO), effective October 07, 2025. This appointment comes as part of the company's strategic management reshuffle.

Key Highlights of the Appointment

• Appointment Date: October 07, 2025
• Position: Interim Chief Financial Officer
• Additional Roles: Global Legal Counsel and Company Secretary
• Term: Until a permanent CFO is appointed

Ms. Deepti Chandratre's Profile

Ms. Chandratre brings a wealth of experience to her new role:

• Educational Background:

  • Commerce graduate
  • Bachelor's degree in Law
  • Member of the Institute of Company Secretaries of India

• Professional Experience:

  • Over 19 years in legal and corporate secretarial functions
  • Expertise in mergers, acquisitions, and corporate restructurings
  • Previous association with Mahindra & Mahindra Limited

Appointment Details

The Board of Directors of SH Kelkar & Company, based on the recommendation of the Nomination and Remuneration Committee, approved Ms. Chandratre's appointment. As the Interim CFO, she will continue to serve as a Key Managerial Personnel and remain part of the Senior Management team.

Corporate Governance Compliance

The company has ensured compliance with regulatory requirements:

• The appointment was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• Necessary disclosures have been made to the BSE Limited and the National Stock Exchange of India Limited.

Company's Securities Status

As of September 30, 2025:

• All securities of SH Kelkar & Company are held in dematerialized form.
• No requests for dematerialization, mutilation, or cancellation of securities were received during the quarter.

This appointment reflects SH Kelkar & Company's commitment to maintaining strong leadership and ensuring smooth transitions in key positions. Ms. Chandratre's multifaceted role as Interim CFO, Global Legal Counsel, and Company Secretary underscores the company's strategy of leveraging internal talent and expertise across various critical functions.