AksharChem India Limited has informed the Exchange regarding Appointment of Mr. Devalkumar Indrabal Suthar as Executive Director of the company w.e.f. May 21, 2026.
AKSHARCHEM · price
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AksharChem India Limited's Board meeting on May 21, 2026 approved the appointment of Mr. Devalkumar Indrabal Suthar as Additional Director (Whole Time Director, Executive) for three years starting May 21, 2026, subject to shareholder approval. Concurrently, Mr. Ashok Dolatsinh Barot resigned as Executive Director effective close of business hours on the same date. The Board also approved audited financial results for FY 2025-26 showing total income of Rs. 37,262.78 lakh (vs Rs. 34,651.98 lakh in prior year) but a loss before tax of Rs. 444.31 lakh due to exceptional items including fire-related losses and insurance claim adjustments. The company recommended a final dividend of Rs. 0.50 per equity share (5% face value) for shareholder approval at AGM.
The replacement of the Executive Director is a routine governance change. The company returned to profit in Q4 (Rs. 6.02 EPS) despite a full-year loss, though the fire incident impact continues to affect annual financials. The dividend offer provides some return to shareholders despite challenging operating conditions.