Reliance Chemotex Industries Seeks Reclassification of Promoter to Public Shareholder

Reliance Chemotex Industries Limited has taken a significant step in its corporate structure by applying for the reclassification of one of its promoters. The company has submitted applications to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for approval to reclassify Mr. Nand Gopal Khaitan from the "Promoter/Promoter Group" category to the "Public" shareholders category.

Key Details of the Application

Date of Application: November 18, 2025
Regulatory Framework: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Stock Exchanges Applied To: BSE Limited and National Stock Exchange of India Ltd.

Promoter Details for Reclassification

Sr. No.	Name	Current Category	No. of Shares	% of Holding
1	Mr. Nand Gopal Khaitan	Promoter	100	0.00

The application for reclassification is in compliance with Regulation 31A of SEBI LODR Regulations and its amendments. This move indicates a potential shift in the ownership structure of Reliance Chemotex Industries Limited, although the impact on the company's overall shareholding pattern appears to be minimal given Mr. Khaitan's current shareholding.

Implications and Next Steps

The reclassification, if approved, would result in Mr. Nand Gopal Khaitan no longer being considered part of the promoter group. This change could have implications for the company's governance structure and public perception, even though the shareholding impact is negligible.

Investors and market watchers will now await the decision from BSE and NSE regarding this application. The approval process typically involves a review to ensure that the reclassification meets all regulatory requirements and does not unfairly advantage any party involved.

Reliance Chemotex Industries Limited has stated that this information has been disclosed in compliance with the relevant SEBI regulations, demonstrating the company's commitment to transparency in its corporate actions.

As this process unfolds, stakeholders will be keen to understand any potential changes in the company's management or strategic direction that may result from this reclassification request.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.37%	-6.27%	-6.85%	-18.69%	-26.86%	-35.04%

Reliance Chemotex , a key player in the yarn manufacturing sector, has announced its financial results for the second quarter of fiscal year 2026, showcasing a notable improvement in profitability.

Financial Highlights

The company reported a net profit of Rs. 165.28 lacs for the quarter ended September 30, 2025, marking a significant 16% increase from Rs. 142.43 lacs in the corresponding quarter of the previous year. This growth in profitability comes despite a challenging economic environment.

Key financial metrics for Q2 FY2026 include:

Particulars	Q2 FY2026 (Rs. in lacs)	Q2 FY2025 (Rs. in lacs)	YoY Change
Revenue from Operations	9,952.44	9,160.02	+8.65%
Total Income	9,988.39	9,535.51	+4.75%
Profit Before Tax	106.53	33.80	+215.18%
Net Profit	165.28	142.43	+16.04%

Operational Performance

The company's revenue from operations saw an 8.65% year-on-year increase, rising to Rs. 9,952.44 lacs in Q2 FY2026 from Rs. 9,160.02 lacs in Q2 FY2025. This growth indicates a robust demand for the company's yarn products.

Profitability and Efficiency

Reliance Chemotex has demonstrated improved operational efficiency, with profit before tax surging by 215.18% to Rs. 106.53 lacs in Q2 FY2026, compared to Rs. 33.80 lacs in the same quarter last year. This substantial increase in profitability, despite a modest rise in revenue, suggests effective cost management and operational optimization.

Half-Year Performance

For the half-year ended September 30, 2025, the company reported:

Total income of Rs. 19,263.81 lacs, a slight increase from Rs. 19,204.96 lacs in the previous year.
Net profit of Rs. 271.61 lacs, up from Rs. 201.19 lacs, representing a 35% growth.

Balance Sheet Strength

As of September 30, 2025, Reliance Chemotex maintains a strong balance sheet with total assets of Rs. 47,868.52 lacs. The company's equity position remains robust with a total equity of Rs. 13,979.35 lacs.

Corporate Governance Update

In a separate development, the company's Board of Directors has approved a request from Mr. Nand Gopal Khaitan for reclassification from the 'Promoter and Promoter Group' category to the 'Public' category. Mr. Khaitan, who holds 100 shares (0.00% of equity), stated that he had no control over the company's affairs and was appointed as a Director in his professional capacity as a lawyer.

Investors and stakeholders are advised to monitor future announcements for any potential impacts of this reclassification on the company's governance structure.

The financial results underscore Reliance Chemotex's resilience and ability to enhance profitability in a competitive market environment. As the company continues to focus on its core competencies in yarn manufacturing, stakeholders will be watching closely to see if this positive momentum can be maintained in the coming quarters.