The Board in its meeting have approved the matters as mentioned in the Outcome enclosed herewith.
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The Board of Directors of Chemtech Industrial Valves Ltd approved the unaudited financial results for the quarter and half year ended September 30, 2025, along with the Limited Review Report from Raju & Prasad, Chartered Accountants. Revenue from operations fell sharply to Rs 509.84 lakhs in Q2 FY26 vs Rs 849.12 lakhs in Q2 FY25 (down ~40%), and H1 FY26 operating revenue dropped to Rs 1,466.46 lakhs vs Rs 1,943.48 lakhs in H1 FY25 (down ~24.5%). However, profit after tax for H1 FY26 actually rose to Rs 423.36 lakhs from Rs 373.76 lakhs a year ago, driven by a surge in other income (mostly interest from large cash reserves of ~Rs 6,700 lakhs). The Board also approved Related Party Transactions for H1 FY26. The auditor issued a clean limited review report with no qualifications.
Mixed picture for shareholders: core valve business revenue is contracting sharply, but the company is sitting on a very strong cash pile that is generating substantial non-operating income, keeping profitability intact. Watch whether operating revenue decline reverses in coming quarters.