Khaitan Chemicals and Fertilizers Limited has announced the termination of its Share Subscription and Shareholders' Agreement with KRSKA Solar Private Limited, citing unfulfilled conditions precedent within agreed timelines. The company informed stock exchanges about this development on February 14, 2026, pursuant to Regulation 30 of SEBI listing regulations.

Agreement Details and Original Terms

The Share Subscription and Shareholders' Agreement (SSSHA) was originally executed on August 8, 2025, following board approval that was intimated to stock exchanges on July 23, 2025. The agreement involved KRSKA Solar Private Limited and KRSKA Capital Private Limited as counterparties.

Termination and Current Status

The company has confirmed that the SSSHA has been terminated due to technical and commercial difficulties that prevented parties from fulfilling certain conditions within the agreed timelines. The termination was formalized through execution of a Termination Letter.

Key Clarifications

The company has provided several important clarifications regarding the terminated agreement:

• No funds were infused pursuant to the SSSHA
• No equity shares or optionally convertible redeemable preference shares were allotted to the company
• Khaitan Chemicals does not hold any equity or convertible securities in KRSKA Solar Private Limited
• No rights, obligations, or liabilities survive following the termination

Regulatory Compliance

The disclosure was made in compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The company confirmed that the transaction was not a related party transaction and would have been conducted at arm's length. The termination has been processed with complete regulatory transparency and proper documentation.

The company secretary Sejal Maheshwari signed the disclosure, emphasizing that the termination does not have any material financial impact on the company's operations or financial position.

Khaitan Chemicals & Fertilizers Limited has delivered impressive financial results for Q3FY26, demonstrating strong operational performance across its business segments. The company's Board of Directors approved the unaudited financial results for the quarter ended December 31, 2025, during their meeting held on January 21, 2026.

Strong Quarterly Performance

The company reported significant growth in key financial metrics for Q3FY26 compared to the corresponding quarter in the previous year:

Nine-Month Period Shows Remarkable Turnaround

The nine-month period ended December 31, 2025, showcased an exceptional turnaround in the company's financial performance:

Segment-wise Performance Analysis

The company operates through two primary business segments, both showing strong performance during Q3FY26:

Fertilizers Segment:

• Revenue: ₹22,336.16 lakhs (Q3FY26) vs ₹17,559.94 lakhs (Q3FY25)
• Segment Result: ₹1,955.03 lakhs profit vs ₹598.05 lakhs loss in Q3FY25
• Nine-month revenue: ₹68,171.67 lakhs vs ₹50,831.06 lakhs

Chemicals & Specialty Chemicals Segment:

• Revenue: ₹6,818.09 lakhs (Q3FY26) vs ₹4,885.67 lakhs (Q3FY25)
• Segment Result: ₹1,024.04 lakhs vs ₹1,418.74 lakhs in Q3FY25
• Nine-month revenue: ₹20,377.76 lakhs vs ₹8,992.98 lakhs

Financial Position and Capital Structure

The company maintained a stable capital structure with paid-up equity share capital of ₹969.89 lakhs, consisting of shares with a face value of ₹1 each. Total comprehensive income for Q3FY26 stood at ₹2,002.23 lakhs compared to ₹1,262.13 lakhs in Q3FY25.

Operational Efficiency Improvements

Total expenses for Q3FY26 were ₹24,555.64 lakhs compared to ₹19,801.28 lakhs in Q3FY25. The cost of material consumed increased to ₹18,252.61 lakhs from ₹14,034.44 lakhs, reflecting higher business volumes. Finance costs rose to ₹921.08 lakhs from ₹724.55 lakhs, while employee benefit expenses increased to ₹802.28 lakhs from ₹672.75 lakhs.

The financial results were reviewed by the audit committee and approved by the Board of Directors. Independent auditors NSBP & Co. provided an unmodified opinion on the unaudited financial results, confirming compliance with applicable accounting standards and listing regulations.