We wish to inform your esteemed organisation that the Board of Directors of the Company at its meeting held on Friday, 29th May 2026, has inter-alia, considered and approved the following: 1. ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Chiraharit Limited reported a significant decline in profitability for FY26. Standalone revenue fell to Rs 4,822.70 lakhs from Rs 5,139.60 lakhs in FY25, while Profit After Tax plummeted to Rs 40.66 lakhs from Rs 650.25 lakhs - a roughly 94% drop. Consolidated PAT similarly collapsed to Rs 2.14 lakhs from Rs 602.29 lakhs. The company attributed this to an exceptional global cost environment caused by the ongoing war, with HDPE raw material prices rising over 60%, along with sharp increases in fuel, transportation, and copper costs. The company could not pass these costs to customers due to short-term supply contracts. The auditors issued an unmodified (clean) report. The company also raised Rs 2,349 lakhs through a share issuance and repaid all short-term borrowings, strengthening its balance sheet.
The massive PAT decline signals severe earnings pressure from cost inflation beyond management control. While the balance sheet improved with debt reduction and cash accumulation, investors should be cautious as near-term profitability recovery depends on normalization of global commodity prices or successful contract renegotiations with customers.