Poddar Pigments Limited has announced the appointment of Shri Visvanathan Muthukumar as an Additional Director in the Non-Executive Independent Director category, effective February 27, 2026. The appointment was formalized during a Board meeting held on the same date and is subject to shareholder approval.

Board Meeting Details

The Board of Directors meeting was conducted on February 27, 2026, commencing at 2:45 PM and concluding at 3:30 PM. The appointment was made on the recommendation of the company's Nomination and Remuneration Committee, in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Appointment Terms and Conditions

Professional Background

Shri Visvanathan Muthukumar brings over four decades of extensive experience in Finance, Taxation, and Management Information Systems (MIS) within the corporate sector. Throughout his distinguished career, he has held several senior leadership positions with Larsen & Toubro Ltd and Murugappa Group, contributing significantly to financial strategy and governance.

He is currently in a senior position at Ambattur Clothing Company, where he continues to provide strategic financial oversight and corporate leadership. Additionally, he serves as a Director in Avighna Systems Private Limited.

Educational and Professional Qualifications

Mr. Muthukumar's educational credentials include:

• Bachelor's degree in Physics from St Joseph's College, Tiruchirappalli
• Qualified Chartered Accountant
• Member of the Institute of Chartered Accountants of India since 1983

Regulatory Compliance

The company has confirmed that Shri Visvanathan Muthukumar is not debarred from holding the office of Director by virtue of any SEBI order or any other authority. The disclosure also confirms that he has no relationships with other Directors on the Board of the company, maintaining the independence required for his role.

Poddar Pigments Limited , a key player in the masterbatches business segment, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, showcasing substantial growth in profitability.

Financial Highlights

The company reported a notable increase in its quarterly net profit, which more than doubled to Rs 8.51 lakh for Q2 FY26, compared to Rs 3.98 lakh in the corresponding quarter of the previous year. This represents a robust year-on-year growth of approximately 114%.

For the half-year period, Poddar Pigments' net profit saw an even more impressive surge, rising to Rs 17.43 lakh from Rs 9.15 lakh in the previous year, marking a growth of about 90.5%.

Revenue and Comprehensive Income

The total income from operations for Q2 FY26 stood at Rs 9,233.45 lakh, showing a slight decrease from Rs 9,470.69 lakh in Q2 FY25. However, the half-yearly revenue increased to Rs 18,560.37 lakh, up from Rs 17,989.78 lakh in the previous year.

The total comprehensive income for the quarter was Rs 390.00 lakh, significantly higher than Rs 191.43 lakh in the same quarter last year. For the half-year, it reached Rs 739.15 lakh.

Earnings Per Share

The company's performance is reflected in its improved Earnings Per Share (EPS):

Balance Sheet Strength

As of September 30, 2025, Poddar Pigments maintains a strong balance sheet position:

• Total Assets: Rs 4,244,328.00 lakh
• Total Equity: Rs 3,670,353.00 lakh
• Current Assets: Rs 1,975,689.00 lakh

Management Commentary

S.S. Poddar, Managing Director of Poddar Pigments Limited, stated, "We are pleased with our performance in the second quarter and first half of FY26. The significant growth in our net profit and comprehensive income reflects the strength of our business model and our ability to navigate market challenges effectively."

Conclusion

Poddar Pigments Limited's Q2 FY26 results demonstrate the company's resilience and growth potential in the masterbatches segment. With a substantial increase in profitability and a strong balance sheet, the company appears well-positioned for sustained growth in the coming quarters.

Investors and stakeholders can access the detailed financial results on the company's website and the stock exchange portals.