Yash Chemex Limited has announced a postal ballot notice to seek shareholder approval for three key board appointments through remote e-voting. The chemical trading company, engaged in importing and exporting dyes, intermediates, and chemicals, requires special resolution approval for all proposed director appointments.

Board Composition Changes

The company seeks approval for three special resolutions related to independent director appointments:

All three directors will serve as Non-Executive Independent Directors for five-year terms. Mr. Mehta and Mr. Shah's appointments are effective from February 14, 2026, to February 13, 2031, while Mr. Shah's re-appointment runs from December 29, 2025, to December 28, 2030.

Director Qualifications and Expertise

The proposed appointees bring diverse professional backgrounds to the board. Mr. Dhanik Jayeshkumar Mehta, aged 34, holds degrees in Commerce and professional qualifications as Chartered Accountant and Company Secretary. His expertise spans corporate finance, governance, regulatory compliance, financial reporting under Ind AS, and strategic risk management.

Mr. Bhaveshkumar Rajnikant Shah, aged 58, possesses a Bachelor's degree in Science and Master's in Computer & Statistics, with relevant experience as Assistant Incharge. Mr. Rushabh Anilkumar Shah, aged 30, brings over six years of Company Secretary experience with expertise in corporate laws, securities laws, capital markets, and regulatory compliance.

E-Voting Timeline and Process

The company has established a comprehensive timeline for the postal ballot process:

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date are eligible to vote. The company will send postal ballot notices only through electronic mode to members with registered email addresses.

Committee Memberships

All three directors will serve on key board committees. Mr. Mehta will chair the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Mr. Shah and Mr. Shah will serve as members of these same committees, ensuring robust governance oversight.

Regulatory Compliance

The appointments comply with provisions of the Companies Act, 2013, and SEBI Listing Regulations. All proposed directors have submitted independence declarations and confirmed they meet the criteria under Section 149(6) of the Companies Act and Regulation 16(1)(b) of SEBI Listing Regulations. None of the directors hold equity shares in the company or have relationships with existing directors.

CS Kunal Sharma of M/s Kunal Sharma & Associates has been appointed as scrutinizer for the postal ballot process. The results will be announced at the company's registered office and published on the company website and BSE Limited, where the company's shares are listed.

Yash Chemex Limited announced its unaudited financial results for the third quarter ended December 31, 2025, alongside significant board changes during a meeting held on February 14, 2026. The company reported mixed performance with revenue growth but slight decline in profitability on standalone basis.

Financial Performance Overview

The company's standalone financial results showed revenue from operations of ₹1,901.08 lakhs for Q3FY26, representing growth from ₹1,667.22 lakhs reported in Q3FY25. However, net profit declined marginally to ₹51.90 lakhs compared to ₹52.45 lakhs in the corresponding quarter of the previous year.

For the nine months ended December 31, 2025, standalone revenue reached ₹5,931.67 lakhs compared to ₹4,012.36 lakhs in the corresponding period of FY25, while net profit improved to ₹127.74 lakhs from ₹127.99 lakhs.

Consolidated Results

On a consolidated basis, which includes subsidiary Yasons Chemex Care Limited, the company reported stronger performance with revenue from operations of ₹3,430.23 lakhs for Q3FY26 against ₹2,732.81 lakhs in Q3FY25. Consolidated net profit stood at ₹114.35 lakhs for the quarter.

Board Appointments

The board approved the appointment of two new independent directors, both for five-year terms from February 14, 2026, to February 13, 2031:

Both appointments are subject to shareholder approval through postal ballot process. The directors are not related to any existing board members and have not been debarred by SEBI or other authorities.

Committee Reconstitution

Following the new appointments, the board reconstituted its committees with Mr. Dhanik Jayeshkumar Mehta appointed as Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder's Relationship Committee. The committees now include the two new independent directors alongside existing members.

Postal Ballot Process

The company has approved a postal ballot notice seeking shareholder approval for the re-appointment of Mr. Rushabh Anilkumar Shah and appointment of the two new independent directors. CS Kunal Sharma has been appointed as scrutinizer for the remote e-voting process.

The financial results have been reviewed by statutory auditors M/s S. L. Patel & Co., who expressed an unmodified opinion. The results are available on the company's website and BSE portal where the shares are listed.