Universal Starch Chem , a leading manufacturer of maize products, has reported a significant turnaround in its financial performance for the second quarter. The company's unaudited financial results, approved by the Board of Directors on November 10, 2025, reveal a return to profitability despite a decline in revenue.

Key Financial Highlights

Quarterly Performance Analysis

Universal Starch-Chem reported a net profit of Rs 76.46 lacs for the quarter ended September 30, 2025, marking a substantial improvement from the previous quarter's loss of Rs 250.60 lacs and the Rs 821.78 lacs loss in the same quarter last year. This turnaround in profitability comes despite a decrease in revenue from operations, which stood at Rs 9,713.69 lacs, down from Rs 12,144.19 lacs in the previous quarter but slightly up from Rs 9,093.12 lacs in the corresponding quarter last year.

Half-Yearly Results

For the half-year period ended September 30, 2025, the company reported a reduced net loss of Rs 174.15 lacs, a significant improvement compared to the Rs 675.33 lacs loss in the same period of the previous year. This improvement in the bottom line was achieved despite a marginal decline in revenue from operations, which decreased from Rs 22,419.87 lacs in H1 FY2025 to Rs 21,857.88 lacs in H1 FY2026.

Earnings Per Share

The company's earnings per share (EPS) for Q2 FY2026 improved to Rs 1.82, a notable recovery from the negative Rs 5.97 in the previous quarter and negative Rs 19.57 in the same quarter last year. The half-yearly EPS also showed improvement, standing at negative Rs 4.15 compared to negative Rs 16.08 in the previous year's corresponding period.

Operational Focus

Universal Starch-Chem continues to focus primarily on the manufacturing of maize products. The company's financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and comply with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The management's efforts to streamline operations and improve efficiency appear to be yielding results, as evidenced by the return to profitability in Q2 despite challenging market conditions. However, the company will need to address the decline in revenue to ensure sustainable growth in the coming quarters.

Universal Starch Chem Allied Limited, a prominent player in the starch industry, held its 52nd Annual General Meeting (AGM) on September 30, 2025, marking significant changes in its leadership and compliance structure. The company made two key appointments that were approved by shareholders during the meeting.

New Executive Director Appointment

Shareholders at the AGM approved the regularization of Shri. Gopalsingh Rajput (DIN: 11238557) as an Executive Non-Independent Director. Mr. Rajput brings a wealth of experience to the board, with approximately 25 years in the field. His educational background includes an MSc in Chemistry from Eiilm University of Sikkim, providing him with a strong foundation in the technical aspects of the company's operations.

Secretarial Auditor Appointment

In addition to the director appointment, the company took steps to strengthen its compliance framework. M/s. Leena Agrawal & Co. was appointed as the Secretarial Auditor for a five-year term, spanning from the financial year 2025-26 to 2029-30. The firm is described as peer-reviewed and brings extensive experience in the secretarial field, which is expected to enhance the company's corporate governance practices.

AGM Proceedings

The AGM, which commenced at 10:00 AM and concluded at 11:30 AM, was chaired by Mr. Jitendrasinh J. Rawal. During the meeting, several other matters were addressed:

• The company's audited financial statements for the year ended March 31, 2025, were presented.
• Mrs. Nayankunwar Jitendrasinh Rawal (DIN: 03605134), who retired by rotation, offered herself for re-appointment.
• E-voting facilities were provided to shareholders for casting their votes on the resolutions.

Trading Window Closure

In a separate announcement, Universal Starch Chem Allied Limited informed that the trading window for the company's securities would be closed from October 1, 2025. This closure is in line with SEBI regulations and the company's insider trading policies. The trading window will reopen 48 hours after the board meeting that approves the financial results for the quarter ending September 30, 2025.

These developments indicate Universal Starch Chem Allied Limited's commitment to maintaining strong corporate governance and adapting its leadership structure to meet future challenges in the starch industry.