Chemcon Speciality Chemicals Limited has informed the Exchange regarding Board meeting held on August 05, 2025.
CHEMCON · price
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Chemcon's board approved its Q1 FY26 (quarter ended June 30, 2025) unaudited results, reporting revenue from operations of Rs 5,351.80 lakh versus Rs 4,552.14 lakh in Q1 FY25 (~17.6% YoY growth), and net profit of Rs 638.71 lakh versus Rs 533.29 lakh (~19.8% YoY growth). EPS stood at Rs 1.74 vs Rs 1.47, and finance costs sharply fell from Rs 98.51 lakh to Rs 34.04 lakh, indicating debt reduction. The board also approved the acquisition of the entire business of M/s Shivam Petrochem Industries (a promoter-group partnership firm) via slump sale on a going-concern basis for up to Rs 100 crore in cash, subject to shareholder approval. Additionally, Mr. Neel Snehalkumar Shah was appointed as an Additional Independent Director for 5 years, and the 36th AGM was scheduled for September 11, 2025 via video conferencing. The statutory auditor (Shah Mehta & Bakshi) issued an unmodified limited review report on the Q1 results.
Shareholders should note the sizeable related-party acquisition (up to Rs 100 crore) from a promoter-group firm, which carries governance scrutiny despite being priced at arm's length; the company must seek shareholder approval. Q1 results show healthy double-digit growth in revenue and profit along with reduced interest costs, which is a positive operational signal.