We wish to inform your esteemed organization that the Board of Directors of the Company at its meeting held today i.e., Friday, the 29th day of May 2026, has inter-alia, considered and ....
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Chiraharit Limited reported audited standalone financial results for FY ended March 31, 2026 with revenue of ₹4,822.70 lakhs (down from ₹5,139.60 lakhs) and PAT of ₹40.66 lakhs, a dramatic decline from ₹650.25 lakhs in the prior year. Consolidated PAT was even lower at ₹2.14 lakhs (vs ₹602.29 lakhs). The Board attributed the steep profitability fall to an exceptional cost environment from the ongoing geopolitical conflict, with HDPE raw material prices rising over 60%, while fuel, transportation, and copper costs also surged sharply. Short-term supply contracts prevented cost pass-through to customers. Cash position improved significantly to ₹1,104.47 lakhs from ₹61.25 lakhs, partly due to IPO proceeds. The Board reappointed K.P. & Associates as internal auditors for FY 2026-27 and appointed R&A Associates as secretarial auditor. IPO proceeds utilization showed no deviation from the prospectus.
The company faced severe margin compression due to raw material cost inflation it could not pass on, resulting in a near-total collapse in profitability (93.75% PAT decline). However, the strong cash position and IPO proceeds provide some balance sheet buffer. Shareholders should monitor whether the cost environment normalizes and whether contracts are renegotiated.