DMCC Speciality Chemicals Limited (formerly known as The Dharamsi Morarji Chemical Company Ltd) has announced a significant change in its key personnel. The company's Company Secretary and Compliance Officer, Ms. Sonal Naik, has tendered her resignation to pursue opportunities outside the organization.

Key Details of the Resignation

Impact and Next Steps

The resignation of Ms. Naik will lead to changes in the company's key managerial personnel structure. As per the company's disclosure:

• Ms. Naik will continue to discharge her duties until the close of business hours on December 16, 2025.
• She will cease to be a Key Managerial Personnel under the provisions of Section 203 and other applicable provisions of the Companies Act, 2013.
• The company is in the process of finding a suitable candidate to fill the position.

This change comes as part of the normal course of business for DMCC Speciality Chemicals Limited. The company has confirmed that there are no material reasons for the resignation other than those specified in Ms. Naik's resignation letter.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, DMCC Speciality Chemicals Limited has made the necessary disclosures to the National Stock Exchange of India Ltd and BSE Limited.

The company's management expressed gratitude for Ms. Naik's contributions during her tenure and wished her well in her future endeavors.

DMCC Speciality Chemicals , a key player in the specialty chemicals sector, has released its financial results for the second quarter. The company's performance reflects both resilience and challenges in a dynamic market environment.

Revenue Performance

DMCC Specialty Chemicals reported a revenue of INR 126.00 crores for the quarter. This figure represents:

• A flat performance quarter-on-quarter
• A 25% increase year-on-year

Profit Before Tax

The company's profit before tax (PBT) saw a decline:

This decrease in PBT can be attributed to two main factors:

1. Supply chain issues in the boron business
2. Reduced exports to European markets

Boron Business Challenges

The company faced significant hurdles in its boron business:

• Distributor transition challenges led to extended lead times
• Lead time delays stretched to 90-100 days
• Recovery in the boron business is expected from the second half of the next quarter onwards

Strategic Outlook

To address the current challenges and capitalize on new opportunities, DMCC Specialty Chemicals is taking proactive steps:

1. Resolving distributor transition issues to normalize boron business operations
2. Exploring new markets in Latin America and China
3. Seeking alternatives to offset declining demand for specialty chemicals in Europe

Market Dynamics

The company's performance reflects broader market trends:

• Robust domestic demand contributing to year-on-year growth
• Challenges in the European market impacting export performance
• Potential for growth in emerging markets like Latin America and China

DMCC Specialty Chemicals' quarterly results highlight the company's ability to navigate complex market conditions. While facing headwinds in certain segments, the firm demonstrates resilience through its year-on-year growth and strategic initiatives to diversify its market presence. Investors and industry observers will likely keep a close watch on the company's performance in the coming quarters, particularly focusing on the recovery of its boron business and the success of its market expansion efforts.