Chemcon Speciality Chemicals Limited has informed the Exchange regarding Outcome of Board Meeting held on August 05, 2025.
CHEMCON · price
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Chemcon Speciality Chemicals' board approved its Q1 FY26 (quarter ended June 30, 2025) unaudited financial results. Revenue from operations rose to ₹53.52 crore from ₹45.52 crore in Q1 FY25, while net profit grew to ₹6.39 crore from ₹5.33 crore. The board also approved the acquisition of the entire business of M/s. Shivam Petrochem Industries, a promoter-group related party, through a slump sale on a going-concern basis for a lump sum not exceeding ₹100 crore; the target reported turnover of ₹26.46 crore in FY25. Additionally, Mr. Neel Snehalkumar Shah was appointed as an Additional Non-Executive & Independent Director for five years, and the 36th AGM was scheduled for September 11, 2025.
The acquisition brings in a related-party business (worth up to ₹100 crore) that is complementary to Chemcon's chemicals operations, potentially expanding scale, though shareholders should watch for related-party deal terms. Q1 results show decent top-line and profit growth, while the clean auditor review report (no qualifications) is a positive governance signal.