Dai-ichi Karkaria Limited has announced a postal ballot notice for seeking shareholder approval for the re-appointment of Ms. Meher Vakil Taff as Managing Director. The company issued the notice on February 6, 2026, with the e-voting process scheduled to commence on February 19, 2026.

Postal Ballot Details

The postal ballot seeks approval for a special resolution regarding the re-appointment of Ms. Meher Vakil Taff (DIN: 07778396) as Managing Director for a three-year term from April 1, 2026, to March 31, 2029. Additionally, the company proposes to designate her as Vice-Chairperson, Chief Executive Officer and Managing Director.

Management Profile and Experience

Ms. Meher Vakil Taff, aged 40 years, has been associated with the company for the past 10 years and has been closely involved in its strategic development and growth. She holds a Bachelor of Arts in Economics and Business Institutions from Northwestern University, Illinois, USA, and brings expertise in Marketing and Business Development.

She currently serves as a Member of the Stakeholders Relationship Committee and the Corporate Social Responsibility Committee. Her professional experience includes working with multiple New York-based companies on initiatives related to Marketing and Sales strategy, Business Operations, and Technology-driven innovation.

Proposed Remuneration Structure

The Board of Directors approved the remuneration terms for the three-year period commencing April 1, 2026:

Company Financial Performance

The company's financial performance for the year ended March 31, 2025, shows:

Previous Remuneration and Shareholding

During Financial Year 2024-25, Ms. Meher Vakil Taff received total compensation comprising Salary of Rs. 127.76 lakhs, Perquisites of Rs. 144.32 lakhs, and Performance Incentive of Rs. 40.25 lakhs. She currently holds 3,65,000 equity shares, representing 4.90% of the company's shareholding.

E-voting Process

The company has engaged Central Depository Services (India) Limited (CDSL) to provide e-voting facility to all members. Only shareholders whose names appear in the register of members as on the cut-off date of February 13, 2026, will be entitled to participate in the e-voting process. The postal ballot notice has been sent via email to registered shareholders in compliance with Ministry of Corporate Affairs circulars.

Dai-ichi Karkaria Limited has released its unaudited financial results for Q3 FY26 ended December 31, 2025, revealing a challenging operational environment that impacted the specialty chemicals manufacturer's quarterly performance. The company faced mixed demand conditions across its end markets, with softer realizations and uneven demand affecting overall results.

Financial Performance Overview

The company's financial metrics for Q3 FY26 demonstrated the impact of market headwinds on operational performance:

Revenue from operations declined to ₹3,781 lakhs in Q3 FY26 from ₹4,279 lakhs in the previous quarter, marking an 11.6% sequential decrease. Year-over-year comparison showed a 7.1% decline from ₹4,071 lakhs in Q3 FY25.

Operational Challenges and Market Dynamics

The company's management highlighted several factors that influenced quarterly performance. Sales during the period were significantly impacted by the temporary loss of an oilfield chemical tender, which affected both volumes and revenues for the quarter. However, management noted that they remained actively engaged with the customer and expected to regain the business in subsequent quarters.

Despite challenging conditions, the company continued to sustain customer engagement across domestic and international markets. Sales efforts remained focused on maintaining continuity across key accounts and improving order visibility in an uncertain demand environment.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company showed improved performance compared to the corresponding period last year:

Capacity Expansion and Strategic Initiatives

From an operational standpoint, the company's alkoxylation capacity operated close to full capacity during the period. Management confirmed that the new ethoxylation reactor remains on track for commissioning in the fourth quarter of FY26, which is expected to substantially increase alkoxylation capacity.

The company has been actively engaging with existing and prospective customers to align requirements in anticipation of this expanded capacity. R&D activities remained focused on improving formulations and supporting customer-specific requirements across various industry segments.

Management Outlook

Management emphasized their continued focus on strengthening the quality of revenues, sustaining customer relationships, and maintaining disciplined capacity deployment. The company's efforts in product development and application support involved working closely with customers to address evolving requirements across industry segments.

These strategic initiatives, alongside ongoing sales engagement, are aimed at strengthening customer relationships and supporting incremental opportunities over time. The company remains committed to disciplined execution and responsible management of the business while navigating the current challenging market environment.