Outcome of Board Meeting
NGLFINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NGL Fine-Chem Limited reported strong FY26 results with standalone revenue growing 36% to Rs 48,877 lakhs and PAT jumping 130% to Rs 4,163 lakhs versus FY25. Consolidated revenue reached Rs 50,095 lakhs with PAT of Rs 4,813 lakhs. The Board approved audited financial results with an unmodified (clean) auditor opinion from Manek & Associates. A final dividend of Rs 1.75 per share (35% on face value of Rs 5) aggregating to Rs 108.12 lakhs was recommended. Key director appointments include reappointment of Mr. Rajesh Lawande as Whole-Time Director and Mrs. Sarala Menon as Independent Director, both for 5-year terms subject to shareholder approval. Internal auditor KD Practice Consulting and Cost Auditor Sanghavi Randeria were also appointed for FY27.
The company delivered exceptional double-digit growth in both revenue and profits. The clean audit opinion and shareholder-friendly dividend signal financial health. However, investors should note rising trade receivables (Rs 12,547 lakhs vs Rs 7,977 lakhs) and increased capital work-in-progress (Rs 9,457 lakhs) indicating expansion capex. Related party disclosure notes Mr. Rajesh Lawande is related to Mrs. Ajita Nachane.