Change in Directorate
AKSHARCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AksharChem India Ltd held a board meeting on May 21, 2026, approving audited financial results for Q4 and FY ended March 2026. The company reported total income of Rs. 10,587 lakh for Q4 and Rs. 37,263 lakh for the full year. However, FY2025-26 showed a loss before tax of Rs. 444 lakh (vs profit of Rs. 583 lakh in FY24-25), impacted by a fire incident at its VS plant (net exceptional gain of Rs. 170 lakh from insurance settlement). The Board recommended a final dividend of Rs. 0.50 per share (5%) subject to shareholder approval. Key director changes include the appointment of Mr. Devalkumar Indrabal Suthar as Additional Director (Whole Time Director) for three years, and the noted resignation of Mr. Ashok Dolatsinh Barot as Executive Director effective May 21, 2026. The company also commissioned a 5.19 MWp solar power plant at a cost of Rs. 1,407 lakh for captive consumption.
The loss-making year and director changes signal management transition. Investors should monitor the company's turnaround plan and the new Whole Time Director's performance. The dividend offer provides limited support given the financial stress.