Announcement Under Regulation 30 of SEBI LODR - Re-appointment of Independent Directors & Re-Appointment of Statutory Auditors
ACI · price
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Archean Chemical Industries reported FY2026 audited financial results. Standalone revenue grew to Rs. 1,04,154 lakhs from Rs. 1,01,379 lakhs in FY2025. However, consolidated profit after tax declined significantly to Rs. 10,541 lakhs from Rs. 16,214 lakhs in FY2025, impacted by an exceptional item of Rs. 4,018 lakhs due to cyclone damage to industrial salt stock. The Board recommended a final dividend of Rs. 2.50 per share (125%). PKF Sridhar & Santhanam LLP has been re-appointed as statutory auditors for a second term of 4 years. Two independent directors - Mr. Kandheri Munuswamy Mohandass and Mr. Chittoor Ghatambu Sethuram - have been re-appointed for second terms of 5 years each. The 17th AGM is scheduled for June 12, 2026.
Profit decline due to cyclone-related exceptional item may create near-term pressure on stock. However, continued dividend payout and routine governance appointments signal stability. Finance costs have nearly tripled YoY, warranting monitoring.