Please find attached herewith Outcome of Board Meeting held on May 6, 2026
FAIRCHEMOR · price
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Fairchem Organics Limited held its Board Meeting on May 6, 2026 and approved the audited financial results for FY2026 ended March 31, 2026. The company reported total income of Rs. 46,095.38 Lakhs, down from Rs. 53,923.71 Lakhs in FY2025. Profit after tax stood at Rs. 554.05 Lakhs compared to Rs. 2,197.43 Lakhs in the previous year, a significant decline. EPS for FY2026 was Rs. 4.28 per share versus Rs. 16.88 in FY2025. The Board recommended a dividend of Rs. 1 per equity share (10% on par value of Rs. 10), subject to shareholder approval at the 7th AGM on July 27, 2026. The statutory auditors B S R and Co issued an unmodified opinion. Additionally, the Board approved the re-appointment of Shri Sudhin Choksey as Independent Director for a second term of 5 years.
The stock may face pressure due to a 75% decline in annual profit and reduced EPS. However, the clean audit opinion and maintained dividend provide some support. The completed share buyback (4.25 lakh shares at Rs. 800) has reduced equity capital, and investors should note the July 20, 2026 record date for dividend eligibility.