Change in Management
DHANUKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.4 pts more than Nifty Microcap 250 and 7.2 pts more than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dhanuka Agritech's Board approved audited Q4 FY26 results showing revenue of Rs 48,334 lakhs for Q4 and Rs 2,01,979 lakhs for full year with PAT of Rs 9,777 lakhs and Rs 28,723 lakhs respectively. The company announced a Rs 70 crore buyback of up to 5 lakh shares at Rs 1,400 per share (1.11% of equity), with promoters indicating participation. A 100% final dividend of Rs 2 per share was recommended for FY26. The board approved two employee benefit plans - ESOP 2026 (50,000 options) and SAR Plan 2026 (125,000 rights). Mr. K.B. Kejariwal, Senior Management Personnel, retired upon superannuation from March 31, 2026. The company also approved setting up wholly owned subsidiaries in Brazil and Europe (initial investment Rs 1 crore each) to support international business growth including transfer of Bayer-acquired brands.
Positive signals include strong profitability, shareholder returns via buyback and dividend, and employee retention via ESOPs. The retirement of senior management is routine (supervisory retirement) with no governance concerns. International expansion plans indicate growth strategy.