We wish to inform that at the meeting of the Board of Directors held today (18.05.2026) the Directors have amongst other subjects, approved the following: A. Audited financial results ....
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Tuticorin Alkali Chemicals and Fertilizers Limited held its Board meeting on May 18, 2026 and approved audited financial results for FY2026. Total income stood at Rs 34,309 lakhs, up 9% from Rs 31,572 lakhs in the previous year. However, net profit dropped to Rs 3,661 lakhs from Rs 6,219 lakhs due to exceptional items in the prior year (Rs 2,288 lakhs). Earnings per share declined to Rs 3.00 from Rs 5.10. The board also re-appointed Mr. E Rajeshkumar as Whole-time Director for 3 years from July 8, 2026, subject to shareholder approval. Mr. Rajeshkumar is a chemical engineer with 30 years of experience and was not related to any directors or KMPs. Statutory auditors MSKA & Associates gave an unmodified opinion on the financial statements.
The company reported steady revenue growth but lower profitability compared to the previous year which had exceptional gains. The re-appointment of the Whole-time Director ensures continuity in leadership. The unmodified audit opinion provides assurance on financial reporting quality. Shareholders should note this is a routine re-appointment rather than a new appointment.