Chemplast Sanmar Limited has informed the Exchange regarding Change in Director(s) of the company.
CHEMPLASTS · price
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Chemplast Sanmar Limited reported its annual financial results for FY 2025-26, with consolidated revenue of Rs 4,251.93 crore (down from Rs 4,393.12 crore in prior year). The company recorded an exceptional item of Rs 898 crore as an impairment provision on its investment in wholly-owned subsidiary Chemplast Cuddalore Vinyls Limited (CCVL), citing regulatory and market developments including removal of expected anti-dumping duty, reduction in customs duty on S-PVC imports, and raw material price volatility. Consolidated loss before tax stood at Rs 161.02 crore. The Board appointed Mr V S Radhakrishnan as Non-Executive Non-Independent Director, filling a casual vacancy caused by the resignation of Mr Sumit Maheshwari. No dividend was recommended for FY 2025-26.
The substantial impairment charge and loss will likely weigh on investor sentiment in the near term, though the appointment of an experienced banking professional to the board may provide strategic support amid challenging PVC market conditions.