Tecil Chemicals & Hydro Power has released its financial results for the first quarter ended June 30, 2025, revealing a loss of Rs. 7.82 lakh. The company's Board of Directors, in a meeting held on August 12, 2025, approved the unaudited financial statements and made several key decisions.

Financial Performance

For the quarter ended June 30, 2025, Tecil Chemicals reported:

The company's performance shows a slight improvement compared to the previous quarter (Q4 FY 2024-25), where it reported a loss of Rs. 10.29 lakh.

Annual General Meeting

The Board has scheduled the 80th Annual General Meeting (AGM) for September 18, 2025, to be held at The Palms Hotel, Chingavanam. In connection with the AGM, the following dates were approved:

• Book Closure: September 12, 2025, to September 18, 2025 (both days inclusive)
• Cut-off Date: September 11, 2025

Material Related Party Transactions

Subject to shareholder approval, the Board has authorized several material related party transactions for the financial years 2026-27 to 2028-29:

1. Unsecured loan from Managing Director Varghese Kurian, not exceeding Rs. 25 crore at 9% interest per annum
2. Salary payment to Company Secretary, not exceeding Rs. 35 lakh
3. Salary payment to Chief Financial Officer, not exceeding Rs. 15 lakh
4. Sitting fees for Independent Directors, not exceeding Rs. 5 lakh

Internal Auditor Re-appointment

The Board has re-appointed Mr. M.K Suresh, Chartered Accountant (Membership No. 026896), as the Internal Auditor for the financial year 2025-26. Mr. Suresh, based in Kochi, Kerala, brings over 15 years of experience in management and business consulting across various sectors.

Conclusion

While Tecil Chemicals continues to face financial challenges, the company is taking steps to ensure proper governance and financial management. The approval of material related party transactions and the re-appointment of the internal auditor demonstrate the company's commitment to transparency and regulatory compliance. Shareholders and investors will be keenly watching the upcoming AGM for further insights into the company's strategies and future outlook.

In a surprising turn of events, Tecil Chemicals and Hydro Power stock defied the overall market trend, hitting a 20% upper circuit at ₹30.43 per share. This remarkable surge came against the backdrop of a significant market downturn, highlighting the stock's resilience and investor interest.

Stock Performance

The small-cap stock's impressive performance stands out in stark contrast to the broader market decline. Reaching the upper circuit limit suggests strong buying interest and limited selling pressure on the stock.

Upcoming Board Meeting

The company has caught investors' attention with a key announcement regarding its financial results. Tecil Chemicals and Hydro Power stated that the date for its board meeting to approve the March quarter results will be declared soon. This upcoming announcement has likely fueled investor anticipation and contributed to the stock's positive momentum.

Market Implications

The stock's ability to achieve a 20% gain during a market downturn is noteworthy. It suggests that investors are optimistic about the company's potential performance in the fourth quarter of the fiscal year.

Investor Caution

While the stock's performance is impressive, it's important for investors to approach such rapid price movements with caution. The upcoming financial results will provide crucial insights into the company's actual performance and financial health.

Conclusion

As the market awaits the announcement of the board meeting date and subsequent March quarter results, all eyes will be on Tecil Chemicals and Hydro Power to see if its financial performance aligns with the recent stock price surge.