Punjab Chemicals & Crop Protection held its 49th Annual General Meeting (AGM) on July 29, 2025, marking significant changes in leadership and reporting robust financial performance for the first quarter.

New Appointments

The company announced the appointment of two new Independent Directors at the AGM:

• Mr. Kapil Kumar Mehan: Appointed for a five-year term from April 30, 2025 to April 29, 2030. Mr. Mehan brings extensive experience in agribusiness, fertilizers, and chemicals sectors, having served as Group CEO of Adventz Group and Managing Director of Coromandel International Limited. His expertise spans multiple industry verticals including fertilizers, crop protection products, seeds, and agri-input retail.

• Mr. Suresh Arora: Also appointed for a five-year term from April 30, 2025 to April 29, 2030. Mr. Arora, a retired IPS officer, brings over four decades of administrative experience, having served as Director General of Police, Punjab and Chief Information Commissioner, Punjab. His background adds valuable insights into administration, management, and law enforcement to the board.

Additionally, the company appointed M/s P.S. Dua & Associates as Secretarial Auditors for a five-year term from April 1, 2025 to March 31, 2030.

Q1 Financial Highlights

Punjab Chemicals & Crop Protection reported strong financial results for Q1:

The company attributed this growth to improved domestic and export sales, as well as increased demand. However, gross margins decreased to 33.10% due to changes in product mix.

Strategic Developments

Punjab Chemicals & Crop Protection highlighted several strategic initiatives:

1. Signed three MOUs for export-oriented products, strengthening its global footprint.
2. Successfully commercialized a new agrochemical product (Herbicide) in Q1.
3. Four additional products are on track for commercialization over the next 2-3 quarters.
4. Expansion of research and development facilities is underway.
5. Plans for investment in a new manufacturing block and capacity debottlenecking over the next 6 quarters.

Future Outlook

The company's Chairman, Mr. Mukesh D. Patel, expressed optimism about Punjab Chemicals & Crop Protection's future, stating, "As we move forward, we remain committed to creating sustainable value and reinforcing our position in the industry." The management team is focusing on building a strong foundation for the future, emphasizing safety, sustainability, and innovation.

With these new appointments and strong financial performance, Punjab Chemicals & Crop Protection appears well-positioned for continued growth in the agrochemical and specialty chemicals sectors.

Punjab Chemicals & Crop Protection (PCCPL) has announced a series of strategic initiatives aimed at bolstering its export business and expanding its manufacturing capabilities. The company has also reported robust financial results for the first quarter of the fiscal year.

Strategic Export MOUs and Expansion Plans

PCCPL has signed three exclusive Memorandums of Understanding (MOUs) with overseas customers for high-value agrochemical products and intermediates. The company plans to commercialize these products over the next 12-18 months, targeting the Japanese and European markets.

To support this initiative, PCCPL will invest approximately Rs 60 crore at its existing site to construct two new manufacturing blocks. This expansion is designed to meet the increased demand for existing products and accommodate the new product pipeline. The company already has the necessary environmental approvals in place for this expansion.

Shalil Shroff, Managing Director of PCCPL, commented on the development, stating, "We are happy to see success of our product development, R&D and market access efforts. Our commitment to quality, IP and delivery is attracting lot of new customers and I believe this is just beginning of new exciting phase in our journey towards growth and excellence."

The company expects sales from this segment to reach Rs 120-150 crore over the next two to three years. Additionally, PCCPL is actively searching for a new site to support its growing operations and product pipeline.

Strong Q1 Financial Performance

PCCPL's financial results for the first quarter reflect a significant improvement in the company's performance:

The company's revenue from operations increased by 31.80% year-over-year to Rs 31859.00 lakhs in Q1 FY2026. The profit for the period saw a substantial rise of 48.70%, reaching Rs 2008.00 lakhs compared to Rs 1350.00 lakhs in the same quarter of the previous year.

Consolidated Performance

On a consolidated basis, which includes the results of its wholly-owned subsidiary SD Agchem (Europe) N.V., PCCPL reported:

• Revenue from operations of Rs 31951.00 lakhs
• Total income of Rs 32322.00 lakhs
• Profit for the period of Rs 2063.00 lakhs
• Earnings per share (EPS) of Rs 16.83

The company's strong performance in both standalone and consolidated results underscores the effectiveness of its strategic initiatives and market positioning.

Punjab Chemicals & Crop Protection Limited, founded in 1975, has established itself as a leading manufacturer of agrochemicals, specialty chemicals, and industrial chemicals. With multiple state-of-the-art manufacturing facilities across India and a focus on Contract Research and Manufacturing Services (CRAMS), PCCPL is well-positioned to capitalize on the growing demand in the agrochemical and specialty chemical sectors.

As PCCPL moves forward with its expansion plans and new product commercialization, the company appears poised for continued growth in the coming years.