The Board has considered the reappointment of Shri Sudhin Choksey, Independent Director of the Company for his second term as an Independent Director for the period from February 11, 2027 ....
FAIRCHEMOR · price
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Fairchem Organics held its Board meeting on May 6, 2026, approving audited financial results for FY26 with an unmodified opinion from B S R and Co. The company reported revenue of Rs. 45,965 Lakhs (down from Rs. 53,790 Lakhs in FY25) and profit before tax of Rs. 732 Lakhs (down from Rs. 2,992 Lakhs), reflecting a significant decline in performance. The Board recommended a dividend of Rs. 1 per share (10%) and approved the re-appointment of Shri Sudhin Choksey as Independent Director for a second term from February 11, 2027 to February 10, 2032, subject to shareholder approval at the 7th AGM on July 27, 2026. The company also completed a share buyback of 425,000 shares at Rs. 800 each in January 2026.
The re-appointment of an experienced independent director like Sudhin Choksey provides continuity in governance. However, the sharp decline in profitability (PBT down 75% YoY) may concern shareholders, though the clean audit opinion and shareholder returns (dividend + buyback) are positive signals.