Chemplast Sanmar Limited has informed the Exchange that the Forty Second Annual General Meeting of the Company is scheduled on Friday, the 7th August, 2026
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Chemplast Sanmar reported FY2026 standalone revenue of Rs 2,170 crore, down 9% from Rs 2,388 crore in FY2025. The company posted a standalone loss after tax of Rs 1,883 crore primarily due to a Rs 898 crore impairment provision for its subsidiary Chemplast Cuddalore Vinyls (CCVL) engaged in Suspension PVC business. The impairment was triggered by adverse market conditions including non-anti-dumping duties, removal of customs duty on S-PVC imports, falling S-PVC prices, and raw material volatility. Consolidated revenue was Rs 4,224 crore (down 3% YoY) with PAT of Rs 145 crore. The board did not recommend any dividend for FY2025-26. Mr V S Radhakrishnan, a former Deputy Managing Director of SBI with 30+ years of banking experience, was appointed as Non-Executive Non-Independent Director. A committee of three Independent Directors was formed to evaluate strategic priorities including potential M&A opportunities.
The massive standalone loss due to CCVL impairment signals stress in the commodity chemicals segment. Investors should monitor the subsidiary's restructuring plans and the strategic committee's recommendations. The absence of dividend reflects conservative capital preservation amid challenging market conditions.