Financial Results June 2025
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AG Ventures Limited (formerly Oriental Carbon & Chemicals Limited) announced its Q1 FY26 unaudited financial results on August 4, 2025, for both standalone and consolidated basis. The company has undergone a major restructuring — its chemicals business has been demerged under a scheme of arrangement, and the company has been renamed from Oriental Carbon & Chemicals Limited to AG Ventures Limited effective June 20, 2025. Post-demerger, the company now operates only in two segments: 'Investments & Trading' and 'General Engineering Products' (through subsidiary Duncan Engineering Limited), with the chemicals business treated as discontinued operations. Standalone revenue from operations for Q1 FY26 stood at Rs 227.02 lakhs, while consolidated revenue was Rs 2,049.97 lakhs. Exceptional items in the results relate to profit/loss on the demerger scheme. Auditor S S Kothari Mehta & Co. LLP issued clean (unqualified) limited review reports on both standalone and consolidated results.
The demerger and name change mark a fundamental shift in the company's identity and business profile — shareholders now hold a leaner entity focused on investments, trading, and engineering products. Clean auditor sign-off is a positive, but year-on-year comparisons are not meaningful due to the discontinued operations treatment and restated prior-period numbers.