NOCIL Limited

Key Highlights

Plan and Objectives

NOCIL Ltd has implemented the Long Term Incentive Plan (LTIP) 2024, which was previously approved by shareholders at the 62nd Annual General Meeting held on August 8, 2024. The initiative is designed to drive long-term business deliverables, recognize and reward talent, and foster an employee ownership culture within the organization. Under the LTIP, the company is authorized to grant options aggregating to 85 lakh shares in the form of Employees Stock Options (ESOPs) and PRSUs.

Terms and Conditions

The Nomination and Remuneration Committee (NRC) holds the discretion to finalize the grant. The exercise price is set at the face value of Rs 10 per share, although the NRC retains the flexibility to determine a price range between the face value and the closing market price. The PRSUs are subject to performance conditions and parameters as determined by the NRC.

Regulatory Compliance

The company has confirmed that the LTIP scheme is in full compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Investor Takeaway

The grant of these units is a procedural governance matter consistent with the company's approved compensation strategy. Shareholders should note that these grants serve as a retention tool and do not represent immediate financial distress or a major capital restructuring. No immediate dilution impact is noted, as the total pool was pre-approved by shareholders.

Trading Window Closure

NOCIL Limited has formally notified the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) regarding the closure of its trading window.

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s internal Code of Conduct to Regulate, Monitor, and Report Trading, the trading window for designated and connected persons will be closed effective from Wednesday, September 30, 2026.

The window will remain closed until 48 hours have elapsed following the declaration of the company's Unaudited Financial Results for the quarter and half-year ended September 30, 2026.

Board Meeting Details

The company has indicated that the date of the board meeting to consider and approve these unaudited financial results will be communicated to the exchanges in a separate future filing.

Meeting Details

NOCIL Ltd has announced its participation in an upcoming investor conference to facilitate engagement with analysts and institutional investors.

Disclosure Standards

The company has clarified that all discussions during the event will be strictly limited to publicly available information. It explicitly stated that no unpublished price-sensitive information (UPSI) will be discussed, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Note: The company has indicated that the meeting schedule remains subject to change due to potential exigencies on the part of the host or the company.

Clarification on Trading Volume

NOCIL Ltd has formally responded to inquiries from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) regarding a recent spurt in the company's trading volume.

In its filing dated September 9, 2026, the company stated that it is in compliance with SEBI (LODR) Regulations and has been promptly informing the stock exchanges of all events and information impacting its operations or performance.

NOCIL Ltd confirmed that there is currently no undisclosed price-sensitive information, pending announcements, or corporate actions that require disclosure to the exchanges at this time. The company reiterated its commitment to the timely reporting of all material events and actions as mandated by SEBI regulations.

Auditor Appointment Update

NOCIL Limited has formally notified the stock exchanges regarding the appointment of a new Statutory Auditor. Following recommendations from the Audit Committee, the Board of Directors has approved the appointment of M/s Deloitte Haskins & Sells Chartered Accountants LLP (ICAI Firm Registration No. 117364W/W100739) as the company's Statutory Auditors.

Terms and Timeline

• Appointment Period: The appointment is for a term of five years.
• Commencement: From the conclusion of the 65th Annual General Meeting (AGM), which is expected to be held in July-August 2027.
• Conclusion: Until the conclusion of the 70th AGM (for FY 2031-32).
• Status: The proposal remains subject to the approval of the company's members at the 65th AGM.

Transition Details

The incumbent auditor, M/s Kalyaniwalla & Mistry LLP, will continue to serve as the Statutory Auditors of the company until the conclusion of the 65th AGM. This marks the completion of their second consecutive five-year term, necessitating the rotation in accordance with regulatory requirements.

What This Means for Investors

This announcement is a routine corporate governance development. Under Indian company law, listed entities are required to rotate their statutory auditors periodically. Shareholders should note this transition as part of the company's standard compliance cycle. No operational or financial impact is expected from this change.

Key Highlights

Financial Snapshot

Financial Performance

Management highlighted a strong start to FY27, with Q1 revenue reaching ₹ 403 crore. The company saw robust EBITDA growth of 48% year-on-year. EBITDA margins expanded to 11.2%, representing a 210 basis point improvement compared to Q1 FY26. Profit After Tax (PAT) grew by 61% year-on-year to reach ₹ 28 crore.

Cost and Expense Analysis

Conversion costs increased sequentially to ₹ 130 crore from ₹ 110 crore. Management attributed this rise to seasonal employee costs, increased freight rates due to the Middle East geopolitical situation, utility cost spikes, and one-off maintenance expenses.

Operational Update

• Volumes: While the company achieved 9% volume growth on a year-on-year basis, there was a minor 3% sequential dip. Management clarified this was due to temporary supply-side constraints rather than a decline in demand.
• Capacity Expansion: The new TDQ plant in Dahej, supported by a ₹ 130 crore investment, is in trial production. The company expects commercial supplies to initiate by Q4 FY27.
• Guidance: For FY27, management targets revenue in the range of ₹ 1,400 crore to ₹ 1,600 crore, with an EBITDA margin of approximately 10% and full-year volume growth of around 10%.

Regulatory and Legal Context

• Anti-Dumping Duty (ADD): An anti-dumping duty on Sulphonamides (covering CBS and NS) was notified on June 20, 2026. Additionally, the DGTR has issued a positive recommendation for ADD on Pilflex 13, which is currently pending final approval from the Central Government.

Concerns and Watch Points

Investor Takeaway

NOCIL's Q1 FY27 results indicate strong year-on-year financial recovery. While there were logistical challenges impacting volumes sequentially, the structural demand remains healthy. The company's focus on operational excellence, combined with the new TDQ plant capacity and potential ADD-related benefits, provides a positive outlook for the remainder of FY27. Investors should track the progress of the TDQ plant commercialization, government decisions regarding ADD on Pilflex 13, and the status of promoter pledging.

Conference Call Recording Availability

NOCIL Limited has made the audio recording of its investor and analyst conference call for the quarter ended 30th June, 2026, available on its website. This recording captures the discussions regarding the company's operational and financial performance for the first quarter of the fiscal year 2026-27.

Compliance Context

This disclosure fulfills the requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. By making the recording public, the company ensures that all stakeholders have access to the information shared during the investor interaction.

Investor Takeaway

The recording provides direct access to management’s commentary and responses to questions regarding the quarter’s performance. Shareholders and analysts seeking detailed insight into the factors driving the company's results for the June 2026 quarter should refer to the official recording on the company's website. It serves as a valuable resource for those looking to understand the strategic context behind the reported performance.

Financial Snapshot

Margin Analysis

The company reported an EBITDA margin of 11.2% for the quarter. This represents an expansion of 210 basis points over the previous year. Management attributed this improvement to a combination of enhanced operating efficiency and inventory gains.

Business and Operational Update

• Volume Growth: The company recorded a 9% year-on-year increase in volumes, supported by strong double-digit growth in domestic demand following the implementation of GST 2.0 and the continued conversion of its export pipeline.
• Revenue Drivers: Revenue growth was primarily driven by increased selling prices, which the company implemented to counter a sharp rise in input costs.

Capex and Strategic Developments

• New Investment: NOCIL has announced a new ₹130 crore brownfield capital expenditure programme at its Dahej facility. The project is aimed at expanding capacity for peak-utilization rubber chemical products through an integrated, backward-integrated facility. The investment is targeted for completion by H1FY28 and will be funded primarily through internal accruals.
• Existing Projects: The company noted that an existing ₹250 crore capex programme at the Dahej facility has moved into trial production.

What Looks Positive

Concerns and Watch Points

Number Relationship Analysis

The company successfully managed to pass on input cost increases to customers, resulting in 20% revenue growth. This, combined with operational efficiencies and inventory gains, allowed the company to expand its EBITDA margin by 210 basis points. Consequently, the bottom line grew at a faster pace (61%) than the top line. The decision to fund the new ₹130 crore capex via internal accruals suggests that the company is currently generating sufficient cash flow to support its expansion strategy without relying on external debt.

Investor Takeaway

NOCIL Limited's Q1FY27 performance highlights a resilient operational model capable of navigating cost pressures. The significant margin expansion and double-digit profit growth are positive indicators of efficient execution. Investors should track the progress of the new ₹130 crore Dahej expansion and the ramp-up of the existing ₹250 crore project, as these are critical to the company's long-term capacity and competitiveness. While the company faces a challenging macro environment and input cost volatility, its ability to pass on costs remains a key monitorable.

Financial Snapshot

Revenue and Income Analysis

The company achieved a standalone total income of ₹403.02 crore (₹40,302 lakh) for the quarter ended June 30, 2026, compared to ₹336.22 crore (₹33,622 lakh) in the corresponding period of the previous year. This reflects an expansion in top-line performance on a year-on-year basis.

Profitability Analysis

Net profit for the quarter stood at ₹27.32 crore (₹2,732 lakh), compared to ₹16.58 crore (₹1,658 lakh) in the quarter ended June 30, 2025. The company has shown a strong upward trajectory in profitability, significantly outperforming the earnings recorded in the same period last year.

Number Relationship Analysis

The increase in total income, moving from ₹336.22 crore (₹33,622 lakh) to ₹403.02 crore (₹40,302 lakh), has been effectively translated into higher net profit, which grew from ₹16.58 crore (₹1,658 lakh) to ₹27.32 crore (₹2,732 lakh). This indicates improved operating efficiency or better margin management during the quarter compared to the previous year.

Investor Takeaway

NOCIL Limited's results for the first quarter of the financial year show clear growth trends in both revenue and profit. Investors should note that the company has moved to a stronger financial position compared to the June 2025 quarter. The results were officially approved by the Board of Directors on 3rd August 2026 and published in accordance with regulatory requirements. Investors may want to track if this trend of growth continues in the coming quarters and monitor management commentary regarding demand drivers in the chemical sector.

Key Highlights

The 64th Annual General Meeting of NOCIL Limited was conducted on August 3, 2026, via video conferencing. Shareholders approved all proposed resolutions by the requisite majority.

Financial Snapshot

Members adopted the standalone and consolidated audited financial statements, including the profit and loss account, balance sheet, and cash flow statement for the financial year ended March 31, 2026. There were no qualifications, observations, or adverse comments in the Auditors' Report that would impact the company's operations.

Corporate Action Details

Shareholders approved the declaration of a dividend of ₹1.50 per equity share for the financial year 2025-26. The face value of the equity shares is ₹10.

Management, Auditor, and Compliance Changes

Key leadership and governance updates from the meeting include:

• Executive Chairman: Mr. Hrishikesh A. Mafatlal was re-appointed as Executive Chairman, effective August 19, 2026.
• Independent Directors: Mr. Sanjiv Lal and Mr. Sabyaschi Patnaik were appointed as Independent Directors.
• Director Rotation: Mr. Anand V.S. was re-appointed as a director following retirement by rotation.
• Cost Auditor: Remuneration for M/s. Kishore Bhatia & Associates, the Cost Auditors for the financial year 2026-27, was ratified.

Management Q&A Highlights

During the meeting, registered speaker shareholders sought clarifications regarding the company's performance and the audited accounts as detailed in the Annual Report. The Chairman provided the necessary clarifications in response to these queries.

Investor Takeaway

This AGM outcome confirms the standard approval of financial statements and the continuity of the company's board leadership. The declaration of the dividend provides a return to shareholders for the financial year 2025-26. The appointment of new Independent Directors and the re-appointment of the Executive Chairman suggest stability in the company's governance structure. Investors should note that the meeting proceedings were conducted in compliance with regulatory requirements, and no adverse audit remarks were reported.

Board Appointments and Tenure

At the 64th Annual General Meeting held on August 3, 2026, shareholders of NOCIL Limited approved the following board appointments and reappointments:

Important Figures Used

Management and Governance Update

Mr. Sanjiv Lal and Mr. Sabyaschi Patnaik were initially designated as Additional Directors effective May 7, 2026, prior to their appointment as Independent Directors by the shareholders. Mr. Hrishikesh A. Mafatlal continues his tenure as Executive Chairman.

As part of the disclosure, NOCIL Limited confirmed that all appointed directors are not debarred from holding office by any order of SEBI or other regulatory authorities, ensuring compliance with standard corporate governance regulations.

Investor Takeaway

The developments at the 64th Annual General Meeting confirm continuity in the company's leadership and reinforce the board's composition. For investors, these updates signify stability in oversight, as the company maintains its current leadership structure while bringing in experienced independent directors. There is no immediate financial impact associated with these appointments; however, investors should note the continuity in executive management provided by the reappointment of the Executive Chairman.

Key Highlights

Shareholders approved all seven resolutions presented at the 64th Annual General Meeting held on August 3, 2026. The meeting, conducted via video conferencing, saw significant participation with all proposals securing over 99.9% of valid votes in favour.

Financial Snapshot

Shareholders approved the Audited (Standalone and Consolidated) Financial Statements for the financial year ended March 31, 2026. The resolution to declare a dividend on equity shares for the same period was also passed with 99.9971% of valid votes in favour, confirming the payout as per company policy.

Management and Governance Changes

The company received strong shareholder backing for its leadership and board composition:

• Executive Leadership: Mr. Hrishikesh A. Mafatlal was re-appointed as the Executive Chairman, effective August 19, 2026.
• Board Expansion: Mr. Sanjiv Lal and Mr. Sabyaschi Patnaik were appointed as Independent Directors, strengthening the board's composition.
• Operational Governance: The remuneration payable to Cost Auditors for the financial year ended March 31, 2027, was ratified with 99.9960% of valid votes in favour.

Investor Takeaway

The 64th Annual General Meeting outcomes reflect stability and high alignment between management and shareholders. The near-unanimous support for the adoption of financials, dividend declaration, and board-level appointments suggests shareholder satisfaction with the company's current strategic direction and leadership. Investors should note the successful transition and strengthening of the board with the new independent director appointments, which are part of routine corporate governance.

Key Highlights

Financial Snapshot

Operational Performance

NOCIL delivered a 9% volume growth on a year-on-year basis in Q1FY27, supported by strong domestic demand following the implementation of GST 2.0 and successful conversion of customer engagements in the export market. However, on a sequential basis, volumes de-grew by 3% due to supply-side constraints regarding utilities and logistical challenges arising from the current geopolitical environment, which led to the postponement of some order commitments.

Profitability and Margin Analysis

Operating EBITDA stood at ₹45 crore with a margin of 11.2%, representing a 210 basis-point improvement year-on-year compared to 9.1% in Q1FY26. Net Profit Margin improved to 6.9%, compared to 5.1% in the comparable period last year. Management highlighted that the company continues to maintain a judicious mix of price and volume strategies to navigate challenging market conditions.

Capex and Strategic Developments

The company is actively investing in capacity expansion to support its growth strategy. This includes an ongoing ₹250 crore capex program that has already moved into the trial production stage. Additionally, the company announced a ₹130 crore brownfield capex program in March 2026, which is targeted for completion by H1FY28. These investments are part of the broader 'China + 1' strategy, positioning the company as a key non-Chinese supplier in the rubber chemicals industry.

Concerns and Watch Points

Investor Takeaway

NOCIL Limited demonstrated resilient financial performance in Q1FY27 with significant year-on-year revenue and profit growth. The dual focus on the 'China + 1' strategy and aggressive capacity expansion through multi-crore capex projects underscores the company's long-term commitment to capturing greater market share. While the company faces short-term headwinds from supply-side and logistical constraints and a broader industry-wide decline in rubber consumption, the management maintains a positive outlook. Investors should continue to monitor the progress of the ongoing capital expenditure programs and the stability of operational delivery in the coming quarters.

Key Highlights

Financial Snapshot (Standalone)

Revenue and Income Analysis

NOCIL Limited reported a standalone revenue from operations of ₹403.02 crore for the quarter ended June 30, 2026, compared to ₹336.22 crore in the same quarter last year. This reflects a positive trend in top-line performance year-over-year.

Profitability Analysis

Standalone profit after tax (PAT) for the quarter reached ₹27.32 crore, up from ₹16.58 crore reported in the corresponding quarter of the previous year. The basic earnings per share (EPS) for the standalone business stood at ₹1.64 for the quarter ended June 30, 2026.

Consolidated Performance

The consolidated financial results for the quarter include the wholly owned subsidiary, PIL Chemicals Limited. The consolidated profit after tax was recorded at ₹27.76 crore, with a consolidated basic EPS of ₹1.66.

Segment Performance

The company continues to operate in a single reportable segment, which is the manufacture of rubber chemicals. This focus provides a clear picture of the company's reliance on the demand within the rubber chemical industry.

Auditor and Compliance Note

The financial results for the quarter ended June 30, 2026, have been subject to a limited review by the statutory auditors, Kalyaniwalla & Mistry LLP. The auditors noted that they did not personally review the interim financial results of the subsidiary, PIL Chemicals Limited, but relied on the report of another auditor for those figures.

What This Means for Investors

The results indicate a consistent performance in the company's operations. The reported revenue and profit figures suggest a healthy trajectory compared to the same period in the previous year. Investors should monitor the continued performance of the subsidiary and overall demand in the rubber chemicals segment.

Investor Takeaway

NOCIL Limited's Q1 FY2027 update presents stable financial growth in both revenue and profit. As a pure-play manufacturer in the rubber chemicals industry, the company's performance remains closely tied to sector demand. Existing shareholders should note the company is performing in line with standard quarterly reporting expectations, with no major governance or extraordinary issues highlighted in the review report.

Key Highlights

Financial Snapshot

Revenue and Income Analysis

NOCIL Limited reported standalone revenue from operations of ₹403.02 crore for the quarter ended June 30, 2026. This represents growth compared to ₹330.35 crore in the preceding quarter (ended March 31, 2026) and ₹336.22 crore in the same quarter last year (ended June 30, 2025).

Profitability Analysis

The company's standalone Profit After Tax (PAT) for the quarter stood at ₹27.32 crore, improving from ₹18.05 crore in the previous quarter and ₹16.58 crore in the quarter ended June 30, 2025. The consolidated PAT was reported at ₹27.76 crore.

Segment Performance

The company continues to operate in a single reportable segment, Rubber Chemicals, which remains the primary focus of its business operations.

Subsidiary Contribution

Consolidated results include the performance of the wholly owned subsidiary, PIL Chemicals Limited. The subsidiary reported standalone revenue of ₹4.65 crore and a PAT of ₹0.53 crore for the quarter ended June 30, 2026.

What This Means for Investors

NOCIL Limited has demonstrated financial improvement in the first quarter of the fiscal year compared to both the immediate preceding quarter and the same period last year. Investors should continue to monitor the company's performance within its core Rubber Chemicals segment and evaluate how the subsidiary contributes to the overall consolidated results.

Investor Takeaway

The Q1 FY27 results show a positive trend in revenue and profit compared to previous periods. The company's focused business model in rubber chemicals continues to be the key factor for investors to track. As always, consider these results alongside broader industry conditions.

Key Highlights

Encumbrance Update Details

The company has reported an update regarding the creation of an encumbrance on shares by the Gurukripa Trust. The trust has pledged 9,00,000 equity shares in favor of Aditya Birla Capital Ltd to secure a loan. This event took place on July 30, 2026.

Promoter Shareholding Context

Following this transaction, the encumbered holding of the Gurukripa Trust has increased.

This data reflects the current encumbrance status relative to the total promoter group holdings, which stand at 5,63,91,184 shares.

What This Means for Investors

For shareholders, the creation of a pledge is a standard mechanism for promoters to raise funds against their shareholding. However, it is an important disclosure because it indicates the financial arrangements involving promoter assets. Investors typically track these filings to understand the extent of promoter share pledging, which may have implications for financial flexibility. The disclosure identifies Aditya Birla Capital Ltd as the entity in whose favor the shares are encumbered. Investors are encouraged to monitor such filings for any subsequent changes in the status of these pledges, including release or invocation, as they reflect the ongoing financial commitments of the promoter group.

Key Highlights

NOCIL Limited has finalized the schedule for its earnings conference call regarding the financial and operational results for the quarter ended June 30, 2026.

Management Participation

The company has confirmed that the following key members of the management team will lead the conference call to discuss the performance for the quarter:

• Mr. V.S. Anand: Managing Director
• Mr. P. Srinivasan: President Finance & CFO

Access Information

Investors and analysts can join the call using the following access details. Pre-registration is required to participate.

What This Means for Investors

The announcement provides a timeline for when investors can expect further clarity on the company's financial results and operational updates for the first quarter of the 2027 fiscal year. Participating in or reviewing the transcript of this call is the primary method to understand management's commentary on performance drivers and future outlook.

Investor Takeaway

This conference call is a standard engagement opportunity. Investors should monitor the date and time to participate in the interaction with the leadership team. Ensure pre-registration requirements are met to facilitate seamless access to the call.

Regulatory Compliance Update

NOCIL Limited has filed its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period covering 1st April 2026 to 30th June 2026. The certificate, provided by the company's Registrar and Share Transfer Agent, KFin Technologies Limited, confirms that all dematerialization requests received during this period were processed within the mandated 15-day timeline.

Key Figures

The table below summarizes the dematerialization activity processed during the quarter:

Important Figures Used

What This Means for Investors

This filing is a standard operational procedure. It provides transparency regarding the efficiency of the company's share transfer and dematerialization processes. The confirmation from the Registrar indicates that the company is adhering to regulatory timelines for handling shareholder requests, which helps maintain smooth registry operations.

Investor Takeaway

This update is a routine compliance announcement required under SEBI regulations. It confirms that the company's registrar processed shareholder dematerialization requests within the prescribed regulatory period. There is no material financial or business impact arising from this filing, and it serves as a confirmation of standard regulatory adherence.

Key Highlights

Corporate Action Details

NOCIL Ltd has formally announced its 64th Annual General Meeting, which will be held on August 3, 2026, via Video Conferencing. The company has recommended a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026. If approved by the members at the AGM, the dividend payment will be processed on or after August 10, 2026.

Shareholder Participation

Shareholders whose names appear in the company's Register of Members or as beneficial owners in the records of the Depositories as of the record date, July 24, 2026, will be eligible for the dividend. The company has enabled a remote e-voting facility, accessible from 9:00 a.m. IST on July 30, 2026, until 5:00 p.m. IST on August 2, 2026.

Members wishing to express their views or ask questions as speakers during the AGM must pre-register by sending a request from their registered email address between July 20, 2026, and July 23, 2026.

What This Means for Investors

This announcement is a procedural update regarding the upcoming shareholder meeting and the final dividend distribution. Investors should ensure they hold shares by the record date, July 24, 2026, to be eligible for the dividend payout.

Investor Takeaway

The update provides essential timelines for the company's AGM and dividend process. Investors should mark the record date of July 24, 2026, for dividend eligibility and note the pre-registration window for those wishing to participate as speakers in the upcoming virtual meeting.

Key Highlights

NOCIL Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The company has demonstrated a proactive approach to ESG disclosure by voluntarily undergoing limited assurance for its BRSR Core attributes through TUV SUD, ahead of the mandatory requirement that begins in F.Y. 2026-27.

Important Figures Used

Sustainability and ESG Commitments

Management has outlined significant long-term climate targets, reinforcing the company's commitment to sustainable manufacturing. The core environmental objectives include:

• GHG Emissions Reduction: A commitment to reduce absolute Scope 1 and Scope 2 GHG emissions by 58.80% by F.Y. 2034 from the F.Y. 2022 base year.
• Scope 3 Emissions: A target to reduce absolute Scope 3 GHG emissions by 35.0% by F.Y. 2034.

The company has also proactively obtained third-party limited assurance from TUV SUD for its BRSR Core attributes to enhance transparency.

Workforce and Compliance

As of the end of F.Y. 2025-26, the company maintained an operational workforce comprising 785 employees and 842 workers. The report confirms that the company maintains strict compliance with environmental and labor regulations, with no material instances of non-compliance reported. The company utilizes a systematic compliance software tool to ensure real-time adherence to relevant statutes.

Investor Takeaway

The publication of the BRSR, combined with voluntary third-party assurance, indicates NOCIL Limited's increasing focus on ESG transparency and corporate governance. For investors, the key takeaway is the company’s clear, long-term environmental roadmap, which aligns with international climate standards. The stable regulatory compliance record and focus on workforce safety and wellbeing serve as positive indicators of operational maturity. Investors should monitor the progress against the established GHG reduction targets in future annual reports to gauge the effectiveness of the company’s sustainability initiatives.

Key Highlights

Financial Snapshot

Financial Performance Analysis

The company's financial disclosures for the year ended March 31, 2026, indicate a downturn compared to the previous financial year. Turnover decreased to ₹1,349.73 crore from ₹1,431.27 crore. Profitability metrics also faced pressure, with Profit Before Tax falling to ₹83.81 crore from ₹119.11 crore in the previous year, and Profit After Tax declining to ₹64.09 crore from ₹107.58 crore. Export performance also saw a reduction, with exports totaling ₹432.02 crore compared to ₹472.30 crore in the previous year.

Corporate Action and Board Updates

• Dividend: The Board has recommended a final dividend of ₹1.50 per equity share (of face value ₹10/- each) for the financial year ended March 31, 2026. The dividend is subject to approval at the 64th AGM.
• Leadership Changes: The company has re-appointed Mr. Hrishikesh A. Mafatlal as the Executive Chairman for a further period of five years, effective from August 19, 2026, to August 18, 2031. Additionally, the company has appointed Mr. Sanjiv Lal and Mr. Sabyaschi Patnaik as Independent Directors for a five-year term effective May 07, 2026.
• Audit Compliance: The company has proposed the ratification of remuneration for its Cost Auditors, M/s. Kishore Bhatia & Associates, at ₹9.50 lakhs (₹9.50 lakh) for the financial year 2026-27.

Management and Regulatory Context

• Saksham Niveshak Campaign: The company has participated in the 'Saksham Niveshak' campaign, an initiative launched by the IEPFA and SEBI to help investors resolve issues related to share transfers and unclaimed dividends. The company has extended this campaign into a second phase from April 01, 2026, to July 09, 2026.
• Investor Awareness: The company continues to communicate regulatory requirements regarding the transfer of unclaimed dividends and shares to the Investor Education and Protection Fund (IEPF). Investors are reminded of the necessity to keep KYC details updated to avoid asset transfer to the IEPF.

What Looks Positive

• Investor Relations: The company is actively participating in regulatory initiatives like the 'Saksham Niveshak' campaign to assist shareholders in resolving pending issues and reclaiming assets.

Concerns and Watch Points

• Profitability Trends: The decline in turnover and net profitability for FY 2026 warrants monitoring to understand the underlying operational reasons for the contraction.
• Asset Transfer Risk: Investors should monitor their KYC compliance and dividend claims to prevent the transfer of their shares and unpaid dividends to the IEPF.

Investor Takeaway

NOCIL Limited's report for FY 2025-26 highlights a contraction in core financial metrics, including turnover and net profit. While the company maintains an active dividend policy and continues to engage with regulatory investor-protection programs, the decline in earnings is a central element of this update. Investors should review the upcoming AGM proceedings for further commentary on the performance trend and strategic outlook. Existing shareholders should ensure their KYC information is current to avoid the potential transfer of their assets to the IEPF.

Key Highlights

Financial Snapshot

Revenue and Profitability Analysis

Revenue from operations decreased to ₹1,302.97 crore in FY 2025-26 from ₹1,392.69 crore in the previous year. Profitability was also lower, with Net Profit After Tax falling to ₹64.09 crore from ₹107.58 crore in FY 2024-25. The company noted that profitability was influenced by external market dynamics, including pricing pressure.

Margin Analysis

Corporate Action Details

NOCIL has recommended a final dividend of ₹1.50 per share for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting.

Operational and Strategic Update

A significant milestone during the year was the successful commissioning of the new TDQ facility at Dahej, which was delivered ahead of schedule and within budget. The company is also progressing with its integrated specialty rubber chemicals project, expected to commission in the first half of 2027-28.

Risks and Concerns

• Pricing and Dumping Pressure: The company faced sharp price erosion due to aggressive dumping from global competitors. Management indicated that revenue was impacted by approximately 2% due to competitive pressures.
• Geopolitical Risks: Volatility in crude oil prices and supply chain disruptions due to geopolitical tensions (e.g., the Gulf War crisis) remain concerns, as the industry relies on crude derivatives.

Number Relationship Analysis

The revenue decline and margin contraction illustrate the impact of intensified global competitive dynamics, where price erosion outweighed the volume growth of 12% achieved in the second half of the year. The company maintained its debt-free status, which provides financial resilience despite the lower profit generation.

What This Means for Investors

The results reflect a challenging year characterized by pricing pressures. However, the completion of the Dahej TDQ facility and the absence of debt offer potential stability for long-term growth. Investors should monitor the company's ability to maintain its market share and navigate competitive pricing dynamics in the coming quarters.

Investor Takeaway

NOCIL reported a decline in both revenue and profit for the fiscal year ended March 31, 2026. The performance was impacted by aggressive competition and pricing pressures. On a positive note, the commissioning of the new Dahej facility and the company's debt-free status underscore a disciplined approach to capital allocation. Investors should track volume growth trends and the progress of the ongoing specialty rubber chemicals project.

Summary

• NOCIL Limited will host a conference call to discuss its financial and operational performance.
• The call will cover results for the fourth quarter and the full financial year ending March 31st, 2026.
• The event is scheduled for Friday, May 8th, 2026, at 11:30 AM IST.

Key Numbers & Dates

• Conference Call Date: Friday, May 8th, 2026
• Conference Call Time: 11:30 AM IST

What to Track Next

• Investors are requested to pre-register for the conference call via the provided link.
• RSVP contacts for inquiries are Jigar Kavaiya / Umang Shah at Strategic Growth Advisors Pvt. Ltd.

Summary

• Mafatlal Industries Limited has announced the release of a pledge on 2,80,000 equity shares of NOCIL Limited.
• The release is a consequence of changes in security cover arrangements with CSB Bank.
• This action is in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Key Numbers & Dates

• Shares Released: 2,80,000 shares of NOCIL Limited.
• Face Value Per Share: ₹10.
• Total Face Value Released: ₹28.00 lakh (₹0.28 cr).
• Mafatlal Industries' encumbered shares reduced from 60,69,484 (3.63%) to 57,89,484 (3.47%) post-release.
• Pledge Release Date: April 17, 2026.
• Reporting Date: April 21, 2026.

What Changes for the Business

• The encumbrance on 2,80,000 equity shares of NOCIL Limited held by Mafatlal Industries Limited has been removed.
• This reduces the total percentage of encumbered shares held by Mafatlal Industries Limited from 3.63% to 3.47%.

Summary

• NOCIL Ltd. announced the release of a pledge on 2,50,000 shares by its promoter, Gurukripa Trust.
• The release pertains to shares previously pledged as security for a loan from Bajaj Finance Ltd.
• This action means 0.15% of the company's total share capital is no longer encumbered by this specific transaction by Gurukripa Trust.
• The trustee of Gurukripa Trust is Hrishikesh A. Mafatlal.

Key Numbers & Dates

• Shares Released: 2,50,000 (0.15% of total share capital) by Gurukripa Trust.
• Post-Event Encumbered Shares (Gurukripa Trust): 64,50,000 (3.86% of total share capital).
• Date of Release: April 10, 2026.
• Date of Reporting: April 16, 2026.

What Changes for the Business

• A portion of promoter holding is now free from pledge, potentially reducing indirect risk associated with the pledged shares.

⚠️ What Could Go Wrong (source-based)

• [Financial] The initial pledge was for a loan from Bajaj Finance Ltd. While shares were released, other encumbrances might still exist, as indicated by the post-event holding figures. The text shows that after the release of 2,50,000 shares (0.15%), Gurukripa Trust still has 64,50,000 encumbered shares (3.86%).

What to Track Next

• Future disclosures regarding any further changes in pledge status by promoters.

Summary

• NOCIL Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.
• The certificate pertains to the period from January 1, 2026, to March 31, 2026.
• It confirms that its Registrar and Shares Transfer Agent, KFin Technologies Limited, processed dematerialization requests within the stipulated 15-day timeframe.

Key Numbers & Dates

• Period of Compliance Certificate: 1st January 2026 to 31st March 2026
• Approved Demat Requests: 86 requests covering 21,910 shares
• Rejected Demat Requests: 15 requests covering 1,630 shares
• Compliance Certificate Issued by KFin Technologies: 13th April 2026
• Compliance Certificate Filed by NOCIL with Exchanges: 14th April 2026

What Changes for the Business

• The company is maintaining compliance with SEBI regulations concerning share dematerialization.
• This ensures that shareholder records are updated accurately and promptly, upholding transparency and regulatory adherence.

📊 Performance Summary

• Reporting Period(s): Financial Year ended March 31, 2026 (Upcoming Board Meeting Notice)

✅ What Looks Positive

• No clear positives visible in provided data.

⚠️ Risk Alerts & Concerns

• No financial performance data or metrics were included in this notice for extraction.

🧠 Investor Takeaway

This filing is a standard notification that NOCIL Limited's board will meet on May 7, 2026, to finalize its full-year audited results. Investors should monitor for the official release of these figures and a potential dividend announcement following the board's deliberation.

Summary

• NOCIL LIMITED provided an update on its capital expenditure project for capacity enhancement of Rubber Chemicals at Dahej.
• The company has initiated trial batches for the project, with a total expenditure not exceeding ₹250.00 crore.
• Samples from the trial runs will be dispatched to customers for their approval.
• NOCIL will intimate the market separately upon the commencement of commercial production.

Key Numbers & Dates

• Projected Capital Expenditure: ₹250.00 crore towards capacity enhancement at Dahej.
• Disclosure Date: 3rd April, 2026.
• Previous Intimation Date: 26th March, 2024.

What Changes for the Business

• The company has started trial runs and batch production for the expanded capacity at Dahej.
• This marks a significant step towards operationalizing the new capacity, pending customer approvals.

What to Track Next

• Customer approval of samples.
• Commencement of commercial production for the expanded capacity.

Summary

• NOCIL Limited responded to stock exchanges concerning a significant rise in trading volume.
• The company stated it is compliant with SEBI (LODR) Regulations and promptly discloses material information.
• NOCIL confirmed there is no undisclosed price-sensitive information or impending corporate action at this time.

Key Numbers & Dates

• Letter Date: March 24, 2026
• Reference Letter Date: March 24, 2026

What Changes for the Business

• The company confirms adherence to SEBI (LODR) Regulations and its commitment to timely disclosure of all material events.

What to Track Next

• NOCIL assures continued prompt disclosure of all material events, information, and actions as required by SEBI (LODR) Regulations 2015.

Summary

• NOCIL Limited has announced the closure of its trading window for designated and connected persons.
• The trading window will be shut from Tuesday, March 31, 2026.
• It will remain closed until 48 hours after the company declares its Audited Financial Results for the quarter and financial year ended March 31, 2026.
• This action is taken in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct.

Key Numbers & Dates

• Trading Window Closure Date: March 31, 2026
• Financial Year End: March 31, 2026
• Trading Window Reopening: 48 hours after declaration of Audited Financial Results
• Letter Date: March 24, 2026

What to Track Next

• The company will separately inform Exchanges about the date of the Board meeting for considering Audited Financial Results.
• Investors should watch for the declaration of Audited Financial Results for the quarter and financial year ended March 31, 2026.

Summary

• NOCIL LIMITED's Board of Directors has approved a capital expenditure of approximately ₹130 crores for capacity expansion at its Dahej Plant.
• The expansion involves setting up a comprehensive integrated facility with backward integration for inputs in the specialty rubber chemical business.
• The project is funded largely through internal accruals and is targeted for completion by H1 FY28.

Key Numbers & Dates

• Approved Capital Expenditure: Approximately ₹130 crores.
• Existing Capacity: 115,000 MTA of Rubber Chemicals.
• Current Utilization: Around 70%.
• Board Meeting to Approve Expansion: March 16, 2026.
• Targeted Completion: H1 FY28.

What Changes for the Business

• The company is undertaking a brownfield capacity expansion at its Dahej, Gujarat plant.
• This expansion includes backward integration for inputs, creating a comprehensive facility in the specialty rubber chemicals segment.
• The investment is aimed at driving revenue growth, improving operational efficiencies, and strengthening its market position locally and globally.
• The financing for this project will primarily come from internal accruals.

What to Track Next

• Monitor the progress of the expansion project towards its targeted completion by H1 FY28.

Summary

• NOCIL's Board of Directors has approved a capital expenditure of approximately ₹130 crore.
• This investment is for expanding the production capacity of rubber chemicals and intermediates at its Dahej plant.
• The project is a brownfield expansion with backward integration and is targeted for completion by H1 FY28.
• The expansion aims to improve operational efficiencies and market positioning.

Key Numbers & Dates

• Approved Capital Expenditure: ₹130.00 cr
• Existing Capacity: 115,000 MTA of Rubber Chemicals
• Current Utilization: Around 70%
• Board Approval Date: 16th March 2026
• Targeted Completion: H1 FY28

What Changes for the Business

• The company will set up a comprehensive integrated facility at Dahej, Gujarat, through a brownfield investment.
• This includes backward integration of its input, enhancing specialty rubber chemical business capabilities.
• The expansion is expected to drive revenue growth and improve market positioning locally and globally.

⚠️ What Could Go Wrong

• [Funding] The project will be financed largely by internal accruals, which could strain other financial commitments if not managed effectively.
• [Execution] The expansion involves a brownfield investment and backward integration, posing potential execution complexities and risks of project delays beyond the H1 FY28 target.

Results Snapshot

• Not applicable.

What to Track Next

• Progress updates on the brownfield expansion and backward integration at the Dahej plant.
• Milestones towards the H1 FY28 completion target.

Summary

• Gurukripa Trust, through its trustee Hrishikesh Mafatlal, has pledged 9,00,000 shares of NOCIL Ltd. to Aditya Birla Capital Ltd.
• This pledge, made on March 5, 2026, is for a loan and was disclosed on March 6, 2026, as per SEBI regulations.

Key Numbers & Dates

• Shares pledged by Gurukripa Trust trustee: 9,00,000
• Percentage of NOCIL's total share capital pledged: 0.54%
• Total promoter holding (Gurukripa Trust) in NOCIL: 3,03,26,782 shares (18.16%)
• Date of Pledge: March 05, 2026
• Date of Reporting: March 06, 2026
• Pledged to: Aditya Birla Capital Ltd.

⚠️ What Could Go Wrong (source-based)

• [Financial] Pledge of shares by promoters can sometimes indicate personal or entity leverage or liquidity needs.
• [Execution] If the loan secured by the pledged shares is not repaid, the lender (Aditya Birla Capital Ltd.) may invoke the pledge and acquire the shares.

Summary

• NOCIL Limited is providing Tax Deduction at Source (TDS) certificates to shareholders for the dividend paid in FY 2024-25.
• The dividend was remitted after the company's 63rd Annual General Meeting held on August 7th, 2025.
• Shareholders can download their TDS certificates online via a designated URL.

Key Numbers & Dates

• 63rd Annual General Meeting: August 7th, 2025.
• Dividend payment date: August 14th, 2025.
• TDS Certificate availability online: 1 year.
• Date of communication to stock exchanges: February 27th, 2026.

What Changes for the Business

⚠️ What Could Go Wrong (source-based)

Concall: Investor Questions & Management Answers

Results Snapshot

What to Track Next

• Shareholders need to download their TDS certificate within one year from the provided URL.
• After one year, TDS certificates will only be available by contacting KFin Technologies Limited.

NOCIL Limited has announced a special window for shareholders to re-lodge physical share transfer requests, as per SEBI circular HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026. This window is open from February 5, 2026, to February 4, 2027, specifically for transfers originally submitted before April 1, 2019, but returned due to documentation deficiencies. All shares re-lodged during this period will be processed via a transfer-cum-demat route and will be subject to a one-year lock-in. Shareholders can contact KFin Technologies Limited for assistance.

News Crux

Transcript of NOCIL Limited's Q3 FY'26 Earnings Call held on February 12, 2026, discussing operational and financial performance for the quarter and nine months ended December 31, 2025.

Quarterly Results

Consolidated Performance:

• Net Revenues: Q3 FY'26: ₹316 Crores. Sequentially down ₹5 Crores from ₹321 Crores in Q2 FY'26.
• Nine Months Revenue (Apr-Dec FY'26): ₹973 Crores vs ₹1,053 Crores in 9 Months FY'25 (a decline).
• Volumes: Domestic volumes witnessed high single-digit growth YoY. Export volumes declined sequentially. Overall sales growth was 1% compared to Q2 FY'26.
• Operating EBITDA: Q3 FY'26: ₹27 Crores (margin 8.5%). Sequentially up from ₹22 Crores in Q2 FY'26.
• Nine Months Operating EBITDA (Apr-Dec FY'26): ₹80 Crores (margin 8.2%) vs ₹103 Crores in 9 Months FY'25.
• Profit Before Tax (PBT): Q3 FY'26: ₹13 Crores vs ₹19 Crores in Q2 FY'26.
• Nine Months PBT (Apr-Dec FY'26): ₹55 Crores vs ₹88 Crores in 9 Months FY'25.
• Profit After Tax (PAT): Q3 FY'26: ₹9 Crores vs ₹12 Crores in Q2 FY'26.
• Nine Months PAT (Apr-Dec FY'26): ₹39 Crores vs ₹82 Crores in 9 Months FY'25.
  • Note: 9 Months FY'25 PAT included a ₹15 Crores credit from a revision in taxation LTCG rate.

Guidance & Strategy

• FY'26 Outlook: Expect to end FY'26 with 3% to 4% volume growth, recovering from a -5% degrowth in H1 FY'26 on a YoY basis.
• Import Pressure: Competitive pricing pressures, including dumping from imports, led to lower price realizations. Anti-dumping petitions filed on select key products; investigations initiated.
• Export Market Recovery: U.S. tariffs are expected to be revised, leading to a recovery in U.S. market volumes. India-EU FTA is expected to support engagement in European markets.
• Domestic Market: Indian tire industry poised for healthy growth, supported by demand and infrastructure investments.
• TDQ Antioxidant Investment: Investment at Dahej progressing well, with production trials planned in H1 CY'26.
• FY'27 Outlook: Expect double-digit growth in export volumes. Enhanced volume growth coupled with operational efficiencies expected to drive margin development.
• Cost Initiatives: Achieved ~₹23 Crores in cost savings in 9M FY'26 through working capital control, inventory adjustment, utility management, and freight negotiation.
• New Products: Soft launch of new products with customer trials; expected to contribute 10-12% to current volumes eventually, with ramp-up expected from FY'28-29.
• TDQ Capacity: Contribution to volumes will be lesser in FY'27; stabilization expected by end of FY'27.
• Anti-Dumping Duty Delay: Investigations facing administrative delays due to restructuring; authorities have taken a 3-month extension. Findings expected in 1.5-2 months.
• EBITDA Margin Target: Targeting an improvement of 150 basis points plus or minus annually over the next 2-3-4 years through initiatives.

Financial Deep Dive

• Income Statement Drivers: Revenue moderation attributed to lower price realizations due to competitive pricing and import dumping. Cost savings initiatives partially offset pressures. Significant YoY decline in PAT for 9 months FY'26 was influenced by a ₹15 Cr tax credit in the previous year's base.
• Gross Margin: Gross margin per kg is noted to be at a lower end of the spectrum, with management expecting improvement as costs build up.

Key Events

• NOCIL received the CII Industry Academia Partnership Award 2025 (diamond category).
• TDQ antioxidant investment at Dahej is progressing ahead of schedule.

Outlook

• Indian tire industry expected to deliver healthy growth medium to long term.
• FY'27 expected to see double-digit growth, particularly in exports, driven by domestic buoyancy and U.S. market recovery.
• Management aims for EBITDA margin improvement of 150+ bps annually over the next 2-3-4 years.

⚠️ Investor Risks & Governance

• [Performance] Consolidated PAT declined significantly in 9M FY'26 to ₹39 Crores (vs ₹82 Crores in 9M FY'25), with Q3 FY'26 PAT at ₹9 Crores (vs ₹12 Crores QoQ). The prior year's PAT benefited from a ₹15 Crores tax credit.
• [Competition] Competitive pricing pressures and dumping from imports, particularly from China and Korea, are impacting price realizations and margins. Anti-dumping investigations are underway but facing administrative delays.
• [Margins] Gross margin per kg appears to be at a lower end of the spectrum, indicating pressure on spreads, although cost initiatives are being implemented.
• [Market Conditions] Dampened export volumes in Q3 FY'26 due to seasonal effects and U.S. tariffs. Some weakness observed in Latex and European markets due to demand.
• [Regulatory] Administrative delays in anti-dumping duty investigations are prolonging the resolution timeline.

News Crux

GACL has inaugurated a hydrogen supply pipeline to NOCIL at Dahej, securing a 5-year contract that is expected to yield approximately ₹9 Crores in annual revenue.

Financial Deep Dive

Projected Annual Revenue from the new pipeline: ₹9 Crores.

Key Events

Inauguration of a new Hydrogen supply pipeline to NOCIL Limited at Dahej.

Outlook

The company views this pipeline inauguration as a significant milestone in its growth journey. The 5-year agreement is subject to further renewal, suggesting sustained future revenue from this contract.

NOCIL Limited has officially announced its unaudited financial results for the third quarter and the first nine months of the fiscal year ending December 31, 2025. The company published these results via newspaper advertisements on February 13, 2026. For the quarter, standalone net profit after tax stood at ₹12.20 crore, while consolidated net profit was ₹9.25 crore. Total income from operations for the quarter was ₹315.84 crore.

NOCIL Limited has issued a regulatory filing to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), notifying them about the availability of the audio recording of its investor and analyst conference call. This call was conducted to discuss the company's operational and financial performance for the quarter and nine months ended December 31, 2025.

The company previously intimated the schedule for this conference call on January 30, 2026. Following the call, NOCIL has uploaded the full audio recording onto its official website, www.nocil.com. A direct link to access this recording has been provided in the filing, enabling investors, analysts, and other stakeholders to review the discussions.

This announcement is purely informational and serves as a follow-up to the earlier intimation. It does not contain any new financial results, performance figures, or forward-looking guidance within the filing itself. Instead, it directs interested parties to the recorded discussion where such details would have been presented and elaborated upon by the management. Investors can access the recording to understand management's perspective on the company's recent performance, growth drivers, potential risks, and strategic initiatives discussed during the call.

NOCIL Limited has released its investor presentation detailing financial performance for the quarter and nine months ended December 31, 2025 (Q3FY26). The results indicate a challenging period, with year-on-year (YoY) declines in revenue and profitability, attributed to prevailing market conditions such as dumping pressure and international trade factors.

For the nine months ended FY26 (9MFY26), Net Revenue from Operations stood at ₹973 Cr, an 8% decrease compared to ₹1,053 Cr in 9MFY25. Value Addition also saw a dip, down 10% YoY to ₹407 Cr. Operating EBITDA for 9MFY26 was ₹80 Cr, a 23% decline from ₹103 Cr in the prior year, leading to a contraction in Operating EBITDA Margin by 160 basis points (bps) to 8.2% from 9.8%. Consequently, Net Profit for 9MFY26 plunged by 53% YoY to ₹39 Cr, from ₹82 Cr in 9MFY25. Q3FY26 itself reported Net Revenue of ₹316 Cr (down 1% QoQ), Operating EBITDA of ₹27 Cr (up 20% QoQ), and Net Profit of ₹9 Cr (down 24% QoQ). An exceptional item of ₹5 Cr was recorded in Q3FY26. Annual figures for FY25 also reflect this trend, with Net Revenue at ₹1,393 Cr (down from ₹1,445 Cr in FY24), Operating EBITDA at ₹137 Cr (down from ₹195 Cr in FY24), and Net Profit at ₹103 Cr (down from ₹133 Cr in FY24).

Management guidance indicates an expected full-year volume growth of 3-4%, despite a 5% de-growth in H1FY26. Domestic volumes showed a high single-digit increase quarter-on-quarter (QoQ) driven by improved demand post-GST 2.0 implementation. However, international market volumes were negatively impacted by seasonal effects and US tariff issues. The company continues to navigate domestic market challenges, including persistent dumping pressure and associated pricing issues, through a strategic mix of price and volume management.

Financially, the Balance Sheet shows an increase in total assets to ₹2,057 Cr by March 2025, supported by growth in non-current assets, with Capital Work-in-Progress rising to ₹60 Cr, signaling ongoing expansion. However, inventories increased to ₹281 Cr, and cash and cash equivalents reduced to ₹30 Cr. The Cash Flow Statement reveals a significant decrease in Net Cash from operating activities, falling to ₹26 Cr in FY25 from ₹201 Cr in FY24. Investing activities consumed ₹37 Cr, and financing activities used ₹50 Cr in FY25, resulting in a net decrease in cash of ₹62 Cr for the fiscal year. The company maintained its dividend payout, with FY25 dividend at 20% of face value.

Key events include the ongoing ₹250 Cr capex program at the Dahej facility, which is progressing well and anticipated to be completed ahead of schedule, with a focus on energy efficiency and environmental stewardship. NOCIL also highlights its commitment to sustainability, receiving various ISO certifications and 'Responsible Care' accreditation.

The outlook emphasizes leveraging the global "China+1" strategy, as tire majors seek diversified sourcing away from China. NOCIL is positioned as a dependable, non-Chinese player to benefit from this shift, aiming to double its market share by expanding into Asia, Europe, and the US markets. The company also aims to develop niche products using innovative technologies and Green Chemistry concepts. Key risks include the continuation of dumping pressure and pricing challenges in the domestic market.

This document from NOCIL Limited, dated February 11, 2026, announces the revision and adoption of its "Code of Fair Disclosure Conduct to Regulate, Monitor and Report Trading by Insiders". This update is in compliance with the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2024, and is effective from February 11, 2026.

The revised code aims to enhance corporate governance by setting clear guidelines for trading in the company's securities by designated persons and their immediate relatives. Key aspects covered include:

• Definitions: Clarification of terms such as 'Connected Person', 'Designated Person' (including directors, KMPs, and other employees with access to UPSI), 'Unpublished Price Sensitive Information' (UPSI), and 'Insider'.
• Preservation of UPSI: Emphasis on handling UPSI on a 'need-to-know' basis and implementing 'Chinese Walls' to prevent inadvertent leakage. A Structured Digital Database (SDD) is to be maintained for tracking UPSI sharing.
• Trading Window and Closure: Specifies 'Prohibited Trading Periods' around financial results, dividend declarations, and other material events, during which designated persons and their relatives cannot trade.
• Trading Plans: Outlines the process for insiders to formulate and get approval for pre-planned trading strategies.
• Pre-clearance of Trades: Mandates prior approval from the Compliance Officer for all trades by designated persons and their immediate relatives, with specific timelines for execution and reporting.
• Disclosures: Details initial and continual disclosure requirements for promoters, directors, KMPs, and designated persons regarding their holdings and trading activities.
• Penalties: Stipulates disciplinary actions, including fines, wage freeze, suspension, ineligibility for ESOPs, and termination, for contravention of the code. Profits from insider trading may be disgorged for credit to SEBI's Investor Protection and Education Fund.

The Audit Committee will review compliance annually and verify the adequacy of internal controls. The revision reflects SEBI's ongoing efforts to ensure market integrity and investor protection.

NOCIL Limited has formally announced the grant of 1,28,909 Performance Restricted Stock Units (PRSUs) to eligible employees, marking a significant step in its Long Term Incentive Plan (LTIP) 2024. This corporate action, approved by the Nomination and Remuneration Committee and subsequently by the Board of Directors on February 11, 2026, aligns with the company's strategy to foster long-term employee engagement and performance.

These PRSUs are designed as deeply discounted options, granting employees the right to purchase company shares at a predetermined price, which is set at the face value of Rs. 10/- per share. The grant is subject to the achievement of specific performance conditions and parameters, as determined by the Nomination and Remuneration Committee (NRC). The scheme is fully compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and has been approved by the shareholders during the 62nd Annual General Meeting held on August 8, 2024.

Key terms of the PRSUs include a vesting period of three years from the date of grant, after which the employee becomes eligible to exercise these options. The exercise period is set to commence five years from the grant date. The LTIP 2024, in its entirety, proposes an aggregate grant of 85,00,000 shares, comprising both Employees Stock Options (ESOPs) and PRSUs, aimed at recognizing and rewarding talent, motivating employees, and retaining them by creating an employee ownership culture. The company has explicitly stated that the impact on diluted earnings per share is 'Not applicable at the moment'. No direct financial results, guidance, or operational updates are part of this announcement; its primary focus is on long-term employee incentive structuring.

NOCIL Limited has announced its un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, approved by the Board of Directors on February 11, 2026.

For the standalone entity, revenue from operations for the third quarter of FY26 stood at ₹315.84 Cr, marking a slight decrease of 0.73% compared to ₹318.13 Cr in the third quarter of FY25. Profit After Tax (PAT) for the quarter experienced a significant year-on-year decline of 34.1%, falling to ₹12.20 Cr from ₹18.51 Cr in the corresponding period of the previous year. Over the nine-month period ended December 31, 2025, standalone revenue decreased by 7.6% YoY to ₹972.62 Cr, while PAT saw a substantial drop of 47.2% YoY to ₹46.04 Cr from ₹87.20 Cr in the prior year.

On a consolidated basis, revenue from operations for Q3 FY26 was ₹315.84 Cr, showing a marginal YoY decrease of 0.73%. Consolidated PAT for the quarter declined by 28.3% YoY to ₹9.25 Cr from ₹12.90 Cr in Q3 FY25. For the nine months ended December 31, 2025, consolidated revenue decreased by 7.6% YoY to ₹972.62 Cr, and consolidated PAT experienced a significant drop of 52.9% YoY to ₹38.63 Cr from ₹82.07 Cr in the comparable period of FY25.

An exceptional item amounting to ₹4.92 Cr on a standalone basis and ₹5.39 Cr on a consolidated basis was recognized in the results for the 'Impact of Labour Codes'. This charge is primarily due to changes in the definition of 'wages' under the recently notified labor laws and is treated as non-recurring.

Consequently, Earnings Per Share (EPS) for the standalone entity reflected the profit trend. Basic EPS for Q3 FY26 was ₹0.73, down from ₹1.11 in Q3 FY25. For the nine-month period, standalone basic EPS stood at ₹2.76, a decrease from ₹5.23 in the previous year.

The financial results have undergone a limited review by the statutory auditors. The disclosure did not include any forward-looking guidance or commentary from the management regarding future outlook or performance drivers.

NOCIL Limited announced its un-audited financial results for the quarter and nine months ended December 31, 2025, following a Board Meeting held on February 11, 2026. The results, encompassing both standalone and consolidated statements, were subjected to a limited review by the statutory auditors, Kalyaniwalla & Mistry LLP, who reported no material misstatements.

**Quarterly and Nine-Month Performance (YoY comparison):

Standalone Results:**
For the quarter ended December 31, 2025, Revenue from Operations stood at ₹315.84 Cr, a slight decrease of 0.7% from ₹318.13 Cr in the corresponding quarter of the previous year. Profit After Tax (PAT) declined significantly by 34.1% to ₹12.20 Cr from ₹18.51 Cr YoY. Basic Earnings Per Share (EPS) also dropped by 34.2% to ₹0.73 from ₹1.11.

For the nine months ended December 31, 2025, Revenue from Operations was ₹972.62 Cr, down 7.6% from ₹1,053.00 Cr in the prior year period. PAT saw a substantial decrease of 46.6% to ₹46.04 Cr from ₹87.20 Cr. Basic EPS fell by 47.2% to ₹2.76 from ₹5.23.

Consolidated Results:
The consolidated revenue from operations for the quarter ended December 31, 2025, was ₹315.84 Cr, mirroring the standalone figure and showing a 0.7% decrease YoY. Consolidated PAT declined by 28.3% to ₹9.25 Cr from ₹12.90 Cr YoY. Basic EPS decreased by 28.6% to ₹0.55 from ₹0.77.

For the nine months ended December 31, 2025, consolidated revenue was ₹972.62 Cr, a 7.6% YoY drop. Consolidated PAT decreased by 53.0% to ₹38.63 Cr from ₹82.07 Cr. Basic EPS dropped by 53.1% to ₹2.31 from ₹4.92.

Exceptional Item:
An exceptional item was recognized for the impact of new Labour Codes, amounting to ₹4.92 Cr on a standalone basis and ₹5.39 Cr on a consolidated basis for the nine months ended December 31, 2025. This charge primarily relates to gratuity, leave encashment, and other long-term employee benefits due to changes in the definition of 'wages'. The company considers this regulatory-driven and non-recurring.

Financial Deep Dive:
The income statement drivers show relatively stable revenue performance quarter-on-quarter, but a notable decline in profitability YoY, exacerbated by higher expenses and the exceptional item. Balance sheet, cash flow, and key ratios beyond EPS were not detailed in this excerpt.

Outlook and Discussion:
No specific forward-looking guidance, management commentary, or outlook was provided in the released financial results. The company operates in a single reportable segment: Rubber Chemicals. The results included consolidation of its wholly-owned subsidiary, PIL Chemicals Limited.

NOCIL Limited has officially informed the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India regarding a scheduled conference call to discuss its financial and operational performance for the third quarter and nine months ended December 31, 2025 (Q3FY26). This intimation, dated January 30, 2026, is made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The conference call is set to take place on Thursday, February 12, 2026, commencing at 11:30 AM IST. Key management personnel, including Mr. V.S. Anand, Managing Director, and Mr. P. Srinivasan, President Finance & CFO, will be in attendance to address queries and present the company's performance. Investors and analysts are invited to participate and are requested to pre-register for the call. Comprehensive access details, including primary and international toll-free numbers, have been provided. This announcement serves as a notification for an upcoming discussion; the actual financial results and performance metrics will be disclosed during the earnings call itself.

NOCIL Limited has officially announced that a meeting of its Board of Directors is scheduled to be held on Wednesday, 11th February 2026. The primary purpose of this meeting is to consider, approve, and formally record the un-audited standalone and consolidated financial results for the quarter and the nine months that concluded on 31st December 2025. This intimation has been provided in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In addition to the financial results, the Board will also review the Limited Review Report pertaining to these results and discuss any other business matters that may arise during the meeting. The meeting is slated to take place at Mafatlal House, 4th Floor, Backbay Reclamation, Mumbai. It is important to note that this announcement is solely an intimation of the board meeting date and does not contain any actual financial performance data, analyst expectations, guidance, or future outlook. Investors will have to await the official disclosure of results post the board meeting for performance analysis.

Mafatlal Industries Limited, part of the promoter group of NOCIL Limited, officially informed the stock exchanges on January 13, 2026, about the creation of a pledge on 9,59,065 equity shares of NOCIL. This represents 0.57% of the company's total share capital and was executed on January 12, 2026, as part of changes to security cover arrangements with ICICI Bank under a facilities agreement. The disclosure is in line with SEBI SAST Regulations, and the event may impact investor perception regarding the stability of promoter holdings.

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Mafatlal Industries Limited has submitted a disclosure to the stock exchanges, including BSE and NSE, on January 2, 2026, regarding the creation of a pledge on 3,85,965 equity shares of NOCIL Limited. These shares represent approximately 0.23% of NOCIL's total share capital. The disclosure, made in accordance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicates that the pledge was created on December 31, 2025. The reason cited for this encumbrance is the fulfillment of security cover changes as per the Facilities Agreement executed by Mafatlal Industries Limited with Kotak Mahindra Bank Limited. This event is significant for investors as it relates to promoter holdings and potential financial obligations.

NOCIL Limited has notified the stock exchanges, BSE and NSE, regarding the closure of its trading window for designated and connected persons. The trading window will be closed from the close of business hours on December 31, 2025. This closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations and will extend until 48 hours after the declaration of the company's un-audited financial results for the quarter and nine months ended December 31, 2025. The company stated that the date of the Board meeting to consider these results will be communicated separately. This regulatory action is in line with SEBI (Prohibition of Insider Trading) regulations, aiming to ensure a fair trading environment by preventing insider trading activities around the disclosure of financial performance.

NOCIL Limited has released its Q2 FY26 financial results, reporting a significant year-on-year decline in both revenue and profit after tax (PAT). The key details are:

• Financial Performance:

  • Standalone Revenue: ₹320.56 Cr, a decrease of 11.6% YoY.
  • Standalone PAT: ₹17.26 Cr, a decrease of 58.4% YoY.
  • Consolidated Revenue: ₹320.56 Cr, a decrease of 11.6% YoY.
  • Consolidated PAT: ₹12.12 Cr, a decrease of 71.2% YoY.
  • EBITDA margin contracted to 7.1%.

• H1 FY26 Performance:

  • Revenue declined 11% YoY to ₹657 Cr.
  • EBITDA fell 33% YoY to ₹53 Cr, with margins at 8.1%.

• Operational Highlights from Investor Presentation:

  • Pricing pressure due to dumping.
  • Positive trends in domestic volumes but dampened international volumes.
  • Dahej expansion project making significant progress with trial production anticipated in H1 CY26.
  • Ongoing anti-dumping petitions for key products.

• Strategic Focus:

  • Purpose-driven growth.
  • Leveraging the China+1 strategy.
  • Operational efficiencies and cost optimization to recover margins and improve working capital.
  • New unique product launches planned for FY26, with substantial volume contribution expected in 2-3 years.

• Investor Call:

  • An audio recording of the conference call discussing these results is available on the company's website.

NOCIL Limited announced on November 18, 2025, the sudden and sad demise of Mr. A Vellayan (DIN: 00148891), who served as an Independent Director of the company. Mr. Vellayan passed away on Monday, November 17, 2025. The company conveyed its deepest sympathy, sorrow, and condolences to his family, stating that his unexpected passing is an irreparable loss. The Board and Management expressed appreciation for his valuable contributions during his time with the company. The disclosure was made to the Bombay Stock Exchange Limited and The National Stock Exchange of India Limited.

NOCIL Limited held an earnings call on November 3, 2025, to discuss its operational and financial performance for Q2 FY'26 (ended September 30, 2025). The company reported a sequential decline in revenue and profit, attributing it to global market volatility, including revised US tariffs and intensified import dumping. Despite these challenges, NOCIL saw a 4% quarter-on-quarter growth in sales volumes and is actively pursuing cost optimization, operational efficiencies, and has filed antidumping petitions.

Quarterly/Annual Results:

• Q2 FY'26 Performance: Net Revenue was ₹321 crores (down 4.5% QoQ from ₹336 crores in Q1 FY'26). Sales Volume grew 4% QoQ. Operating EBITDA was ₹22 crores (down 29% QoQ from ₹31 crores), with an EBITDA margin of 7%. Operating PBT stood at ₹19 crores, and PAT was ₹12 crores (down 29.4% QoQ from ₹17 crores).
• H1 FY'26 Performance: Net Revenue was ₹657 crores (down 10.6% HoH from ₹735 crores in H1 FY'25). Operating EBITDA was ₹53 crores (down 32.9% HoH from ₹79 crores), with an EBITDA margin of 8.1%. Operating PBT was ₹42 crores, and PAT was ₹29 crores (down 58% HoH from ₹69 crores in H1 FY'25). The prior year's H1 PAT benefited from a ₹15 crore tax credit due to a deferred tax liability remeasurement.

Guidance & Concall Commentary:
Management acknowledged challenges from US tariffs and import dumping, noting that domestic tire industry demand remains robust. Export volumes are expected to be volatile short-term, but medium-term growth is anticipated. Pricing pressure persists due to imports, which the company is managing through mixed strategies and cost optimization. Antidumping petitions for select products have been filed and are under investigation. The Dahej capacity expansion is on schedule for trial production in H1 CY'26. Working capital efficiency improved by approximately 20%, a trend expected to continue. New products are in soft launch phase, with commercial sales targeted by end FY'26. Latex volumes were lower YoY but showing stabilization.

Financials Deep Dive:
Revenue contraction was driven by lower price realizations due to import dumping and competitive pricing. EBITDA and PAT reflect these margin pressures. The company maintained a net cash position on its balance sheet, with improved working capital cycle and operating cash flow.

Comparative Lens & Big Picture:
Q2 FY'26 and H1 FY'26 results show a decline in key financial metrics compared to prior periods, indicative of challenging market conditions. However, sequential volume growth in Q2 FY'26 and strategic moves like antidumping filings and capacity expansion signal a focus on long-term resilience and market position. Management expressed optimism for long-term growth despite current global trade uncertainties.

Key Events:

• Regulatory: Antidumping petitions filed for two antioxidants and two sulphonamide products, with investigations initiated by DGTR.
• Expansions: Dahej brownfield expansion is progressing well, with about 75-80% work completed, targeting trial production in H1 CY'26.
• Product Launches: Soft launch of new, unique products is underway, with commercial sales expected before the end of FY'26.

NOCIL Limited has officially informed the Bombay Stock Exchange and the National Stock Exchange of India about its upcoming participation in an investor conference. The event, organized by Anand Rathi, is set to take place on November 14, 2025, in Mumbai. Company officials will be available for either one-on-one or group meetings with institutional investors. A crucial aspect of this disclosure, made in adherence to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is that all discussions and information shared will be strictly based on data that is already publicly available. This meeting is part of NOCIL's standard investor engagement strategy, aiming to foster communication and provide clarity to the investment community. The company has emphasized that no new financial results, forward-looking guidance, or unpublished price-sensitive information will be divulged during these sessions. Furthermore, NOCIL Limited reserves the right to modify the schedule due to unforeseen circumstances affecting either the host or the company. This announcement serves as a transparent intimation of a planned, routine investor interaction.

NOCIL Limited has officially informed the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) that the audio recording of its investor and analyst conference call is now available. This call was conducted to discuss the company's operational and financial performance for the second quarter and the first half of the fiscal year 2025-26, which ended on September 30, 2025. The company had previously intimated the schedule for this call on October 27, 2025. The audio recording has been uploaded to NOCIL's official website, www.nocil.com, and can be accessed directly through the provided link. This disclosure serves as a regulatory requirement and provides stakeholders with an opportunity to review the management's discussion and analysis of the company's performance and outlook.

NOCIL Limited has officially released its unaudited standalone and consolidated financial results for the quarter and the first half of the fiscal year ending September 30, 2025. The company announced these results through newspaper advertisements in publications like The Economic Times, Maharashtra Times, and Financial Express, adhering to SEBI listing regulations. The financial figures, including total income from operations, net profit, comprehensive income, equity share capital, reserves, and earnings per share (basic and diluted), were approved by the Board of Directors on October 31, 2025, and are also accessible on the company's official website and the websites of the National Stock Exchange and Bombay Stock Exchange.

NOCIL Limited has released its investor presentation for the quarter and half-year ended September 30, 2025 (Q2 FY26 and H1 FY26). The results indicate a challenging environment with sequential and year-on-year declines in revenue and profitability.

Quarterly/Annual Results:
For Q2 FY26, Net Revenue stood at ₹321 Cr, a decrease of 5% QoQ from ₹336 Cr in Q1 FY26. Operating EBITDA was ₹22 Cr (down 26% QoQ), with the EBITDA margin contracting to 7.1% from 9.1% QoQ. Net Profit for the quarter was ₹12 Cr, a 28% decrease QoQ from ₹17 Cr.

On a year-on-year basis for H1 FY26, Net Revenue declined by 11% to ₹657 Cr (from ₹735 Cr in H1 FY25). Operating EBITDA fell by 33% to ₹53 Cr, and the EBITDA margin was 8.1% (vs 10.7% in H1 FY25). Net Profit saw a significant drop of 58% YoY to ₹29 Cr (from ₹69 Cr in H1 FY25).

Annually, FY25 Net Revenue was ₹1,393 Cr (down 4% YoY from FY24), with EBITDA at ₹137 Cr (down 30% YoY) and an EBITDA margin of 9.9% (vs 13.5% in FY24). Net Profit for FY25 was ₹103 Cr, down 23% YoY.

Guidance & Concall Commentary:
Management highlighted strong demand visibility for its Dahej expansion, focusing on energy efficiency and environmental stewardship. The company intends to leverage the 'China+1' strategy, aiming to double its market share by becoming an alternative global supplier to China and expanding its presence in Asia, Europe, and the US. Key challenges include domestic dumping pressure leading to pricing volatility and global uncertainties affecting international volumes.

Financials:
The Balance Sheet as of September 2025 shows Total Assets at ₹2,072 Cr and Equity at ₹1,771 Cr. Cash and cash equivalents were reported at ₹25 Cr. The Consolidated Cash Flow statement for H1 FY26 shows Net Cash from Operating Activities at ₹136 Cr, a substantial increase from ₹58 Cr in H1 FY25, largely driven by working capital changes. Investing activities consumed ₹105 Cr, likely reflecting capital expenditure. Net financing outflows were ₹36 Cr. The net decrease in cash for H1 FY26 was ₹5 Cr. The calculated Free Cash Flow for H1 FY26 is approximately ₹31 Cr (₹136 Cr - ₹105 Cr).

Key Events:
NOCIL has announced and is on track with a capex program of ₹250 Cr for its Dahej facility. This expansion aims to enhance production capabilities, particularly for its TDQ antioxidant product portfolio.

Outlook:
The company is strategically positioned to benefit from evolving global supply chains through the 'China+1' strategy, focusing on increasing exports and reducing reliance on China. Growth will be driven by capacity expansion and development of new-generation rubber chemicals. However, risks persist from dumping practices and global economic uncertainties.

NOCIL Limited announced the outcome of its Board Meeting held on October 31, 2025, where the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (Q2 FY26 and H1 FY26) were approved.

Standalone Performance: For Q2 FY26, revenue from operations stood at ₹320.56 Crores, a decrease of 11.63% compared to ₹362.70 Crores in Q2 FY25. Profit After Tax (PAT) saw a significant decline of 58.37% YoY, dropping to ₹17.26 Crores from ₹41.46 Crores in the prior year period. Basic EPS was ₹1.04, down from ₹2.49 YoY. The PAT margin for the quarter compressed to 5.38% from 11.43% in Q2 FY25.

For the half year ended September 30, 2025 (H1 FY26), standalone revenue was ₹656.78 Crores, down 10.62% YoY from ₹734.87 Crores in H1 FY25. PAT for H1 FY26 decreased by 50.74% YoY to ₹33.84 Crores from ₹68.69 Crores. Basic EPS for H1 FY26 was ₹2.03, down from ₹4.12 YoY, with PAT margins contracting to 5.15% from 9.35% in H1 FY25.

Consolidated Performance: On a consolidated basis, revenue for Q2 FY26 was ₹320.56 Crores (YoY -11.63%). PAT for the quarter declined sharply by 71.21% YoY to ₹12.12 Crores from ₹42.13 Crores in Q2 FY25. Consolidated basic EPS was ₹0.73, down from ₹2.53 YoY, and the PAT margin fell to 3.78% from 11.62% in the previous year.

For H1 FY26, consolidated revenue was ₹656.78 Crores (YoY -10.62%). PAT decreased by 57.53% YoY to ₹29.38 Crores from ₹69.19 Crores in H1 FY25. Consolidated basic EPS was ₹1.76, down from ₹4.15 YoY, with PAT margins at 4.47% compared to 9.41% in H1 FY25.

Financial Deep Dive: As of September 30, 2025, total assets stood at ₹2,064.45 Crores (Standalone) and ₹2,072.03 Crores (Consolidated). The company maintains a net cash position, with cash and cash equivalents at ₹22.05 Crores (Standalone) and ₹25.08 Crores (Consolidated). Total debt, primarily consisting of lease liabilities, remains low. Cash Flow from Operations for H1 FY26 was ₹134.13 Crores (Standalone) and ₹135.64 Crores (Consolidated). Capital expenditure in H1 FY26 amounted to ₹103.11 Crores (Standalone) and ₹103.12 Crores (Consolidated). Dividends paid during H1 FY26 totalled ₹33.87 Crores.

Outlook and Discussion: No specific management guidance or forward-looking statements were included in this disclosure. The results have been subjected to a limited review by the statutory auditors.

NOCIL Limited announced its un-audited standalone and consolidated financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2025-26, following a Board of Directors meeting on October 31, 2025.

Performance Analysis:

• Standalone Q2 FY26: Revenue from Operations decreased by 11.64% YoY to ₹320.56 Crores (vs. ₹362.70 Crores in Q2 FY25). Profit Before Tax (PBT) declined by 28.11% YoY to ₹23.29 Crores (vs. ₹32.38 Crores). Profit After Tax (PAT) saw a significant drop of 58.42% YoY to ₹17.26 Crores (vs. ₹41.46 Crores). Consequently, Basic Earnings Per Share (EPS) fell by 58.23% YoY to ₹1.04 (vs. ₹2.49).
• Standalone H1 FY26: Revenue from Operations was ₹656.78 Crores, a decrease of 10.63% YoY (vs. ₹734.87 Crores in H1 FY25). PBT declined by 33.81% YoY to ₹45.52 Crores (vs. ₹68.81 Crores). PAT decreased by 50.73% YoY to ₹33.84 Crores (vs. ₹68.69 Crores). Basic EPS was ₹2.03, down 50.73% YoY (vs. ₹4.12).
• Consolidated Q2 FY26: Revenue from Operations remained flat at ₹320.56 Crores (vs. ₹362.70 Crores in Q2 FY25), a YoY decline of 11.64%. PBT decreased by 42.70% YoY to ₹18.52 Crores (vs. ₹32.33 Crores). PAT attributable to owners of the company saw a substantial drop of 71.21% YoY to ₹12.12 Crores (vs. ₹42.13 Crores). Basic EPS was ₹0.73, down 71.15% YoY (vs. ₹2.53).
• Consolidated H1 FY26: Revenue from Operations was ₹656.78 Crores, down 10.63% YoY (vs. ₹734.87 Crores in H1 FY25). PBT decreased by 39.71% YoY to ₹41.66 Crores (vs. ₹69.09 Crores). PAT attributable to owners of the company fell by 57.55% YoY to ₹29.38 Crores (vs. ₹69.19 Crores). Basic EPS was ₹1.76, down 57.59% YoY (vs. ₹4.15).

Financial Deep Dive:

• Balance Sheet (as of Sep 30, 2025): Standalone Total Assets were ₹2,064.45 Crores, with Equity at ₹1,766.89 Crores. Consolidated Total Assets stood at ₹2,072.03 Crores, with Equity at ₹1,771.24 Crores. Inventories decreased sequentially and YoY on a standalone basis (₹203.99 Cr vs. ₹281.05 Cr as of Mar 31, 2025).
• Cash Flow (H1 FY26): Standalone net cash from operations was ₹134.13 Crores (vs. ₹56.72 Crores in H1 FY25). Capital Expenditure (payments for purchase of PPE) was ₹103.11 Crores, a significant increase from ₹21.64 Crores in the prior year period. Consolidated figures showed similar trends with net cash from operations at ₹135.64 Crores and CapEx at ₹103.12 Crores.
• One-offs/Tax: Standalone Q2 FY26 PAT was impacted by a prior year tax adjustment of ₹0.25 Cr and a deferred tax credit of ₹0.26 Cr. In contrast, Q2 FY25 had a significant deferred tax credit of ₹16.57 Cr, which favourably impacted its PAT comparison.
• Dividends: Dividends paid amounted to ₹33.87 Crores in H1 FY26 (both standalone and consolidated).

Outlook and Discussion:
No specific management guidance or outlook was provided in this results announcement. The financial statements indicate a challenging quarter and half-year with declining profitability, alongside a substantial increase in capital expenditure, suggesting potential future growth investments.

Comparative Lens:
The results show a clear YoY decline in revenue and profitability for both standalone and consolidated entities. PBT margins compressed to approximately 7.27% (Standalone Q2) and 5.78% (Consolidated Q2) from 8.93% and 8.92% respectively in the prior year, leading to lower PAT and EPS figures. The increased CapEx in H1 FY26 is a notable development, contrasting with lower investment in the prior year, hinting at strategic expansion or modernization plans.

NOCIL Limited has officially responded to a query from BSE Limited regarding an unusual surge in its stock's trading volume, dated October 27th, 2025. The letter, addressed to the BSE Surveillance department, confirms that NOCIL received BSE's request for clarification on the matter. In its response, NOCIL Limited has reiterated its strict adherence to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized its proactive approach in promptly informing the stock exchanges of all significant events and information that could potentially influence the company's operations or financial performance. Crucially, NOCIL has categorically stated that there is 'no undisclosed / price sensitive information or any impending announcement / corporate action' that necessitates disclosure to the exchange at the present time. This statement aims to dispel any market speculation that might arise from the increased trading activity. The company has further assured stakeholders that it will continue to abide by its regulatory obligations, promptly informing the exchanges of any material events or information as required. The communication concludes with a request for the BSE to take this clarification on record. This update is primarily a regulatory compliance communication and does not provide details on financial performance, outlook, or operational updates beyond confirming the absence of material non-public information driving recent trading volumes.

NOCIL Limited has issued an intimation regarding its upcoming earnings conference call, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made on October 27, 2025, via filings to the Bombay Stock Exchange (Scrip Code: 500730) and the National Stock Exchange (Symbol: NOCIL). The purpose of the conference call is to discuss the operational and financial performance of the company for the quarter and half-year ended September 30, 2025 (Q2 & H1FY26). The call is scheduled for Monday, November 3rd, 2025, commencing at 11:30 AM IST. Participants in the call will include Mr. V.S. Anand, Managing Director, and Mr. P. Srinivasan, President Finance & CFO. The company has provided a link for participants to pre-register for the conference call. This event is a vital platform for investors and analysts to engage with the management, understand the company's recent performance, financial health, and gain insights into future strategies and outlook. The call details, including international dial-in numbers, have also been made available.

NOCIL Limited has submitted its third progress report for the 'Saksham Niveshak' campaign, a 100-day initiative focused on shareholder KYC and dividend claim updates. The report, dated October 10, 2025, details the progress made. As of this date, out of a total of 23,823 shareholders with unpaid or unclaimed dividends and shares not yet transferred to IEPF, 3,093 shareholders have updated their complete records (Address, Phone, Email, PAN, Bank Details). Further specifics show 10,451 shareholders have provided PAN details and 7,207 have updated their dividend bank details. Nominee details have been provided by 6,217 shareholders. The campaign communication utilized multiple channels including Company Email, SMS Alerts, Website/Portal Notifications, and Social Media, which was deemed effective. However, the company encountered practical bottlenecks in reaching shareholders located in other states. Due to these challenges, NOCIL Limited has requested an extension of the campaign deadlines by one month, indicating the campaign is not entirely on track as per the initial plan. This report is a regulatory disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NOCIL Limited has formally submitted a compliance certificate concerning its dematerialization activities to the Bombay Stock Exchange and the National Stock Exchange. This filing, dated October 9, 2025, covers the operational period from July 1, 2025, to September 30, 2025, corresponding to the second quarter of fiscal year 2026. The certificate is issued by Kfin Technologies Limited, the company's appointed Registrar and Share Transfer Agent (RTA). According to the RTA's confirmation, during this quarter, 79 dematerialization requests were approved, encompassing a total of 12,210 shares. Conversely, 27 requests were rejected, involving 9,690 shares. Kfin Technologies has affirmed its adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, by processing these requests within the stipulated 15-day timeframe from their receipt from depository participants. The process involved the requisite verification, cancellation of physical share certificates, and updating the company's register of members to reflect the depositories as the registered owners. NOCIL Limited has requested that this compliance filing be duly noted by the stock exchanges. This is a standard regulatory disclosure with no immediate financial or operational impact on the company's performance or outlook.

NOCIL Limited has officially intimated to the Bombay Stock Exchange and the National Stock Exchange of India Ltd. that a Board Meeting is scheduled to take place on Friday, October 31, 2025. The meeting will be held at the company's office in Mumbai.

The principal agenda item for this Board Meeting is to consider, approve, and take on record the un-audited standalone and consolidated financial results of the company for the second quarter and the first half of the fiscal year ended September 30, 2025. The Board will also review the limited review report associated with these financial results.

This announcement is made by NOCIL Limited in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of information regarding board meetings that are to consider financial results. The company is part of the Arvind Mafatlal Group.

No other specific financial performance metrics, outlook, guidance, or business updates were provided in this intimation. The market will await the outcome of the board meeting on October 31, 2025, for the actual financial figures and any associated commentary.

NOCIL Limited has formally announced the closure of its trading window for its designated employees and connected persons. This measure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2018, and recent clarifications from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The trading window will be closed from the close of business hours on Tuesday, September 30, 2025. It will remain shut until 48 hours after the declaration of the company's un-audited financial results for the quarterly and half-yearly period ending on September 30, 2025. The company will separately inform the exchanges about the date of the Board meeting convened to approve these financial results. This practice is standard for listed entities to prevent insider trading around the announcement of financial performance.

NOCIL Limited, a prominent chemical manufacturer, has formally announced a special window for the re-lodgement of transfer requests pertaining to physical shares. This initiative is in direct adherence to SEBI circular No. SEBI/HO/MIRSD-PoD/P/CIR/2025/97, dated July 2, 2025. The designated special window commenced on July 7, 2025, and will remain open until January 6, 2026.

The primary objective of this special window is to provide an opportunity for shareholders whose physical share transfer deeds were lodged prior to the deadline of April 1, 2019, but were subsequently rejected or returned. These rejections were typically due to deficiencies in the submitted documents or procedural errors. The company is facilitating this process to help resolve such pending transfer issues for its physical shareholders.

To inform the broader shareholder base, NOCIL Limited published a detailed notice regarding this special window in two prominent newspapers: The Economic Times (English Edition) and Maharashtra Times (Marathi Edition) on September 19, 2025. Copies of these advertisements have also been uploaded on the company’s official website, www.nocil.com.

Shareholders who wish to avail themselves of this special window are requested to liaise with the company's appointed Registrar and Share Transfer Agent, KFin Technologies Limited. Contact can be made via email at einward.ris@kfintech.com or by calling their toll-free number 1800-309-4001. Specific correspondence details for NOCIL Limited at KFin Technologies Limited's Hyderabad office are also provided in the public notices.

This announcement is purely procedural and administrative, focusing on share registry management. It does not involve any new financial results, performance updates, management guidance, orders, expansions, or product launches. The company continues its core operations in the chemical sector, and this particular communication is a regulatory compliance and shareholder service measure. Further updates, if any, related to this window will be posted on the company's website.

NOCIL Limited has submitted its second progress report for the "Saksham Niveshak" campaign, a 100-day initiative focused on dividend claims and Know Your Customer (KYC) updates for its shareholders. The report, as of September 15, 2025, details the progress made in ensuring shareholder records are accurate, thereby preventing unclaimed dividends and shares from being transferred to the Investor Education and Protection Fund (IEPF).

As of the reporting date, there were 24,520 shareholders identified as having unpaid or unclaimed dividends, or shares not yet transferred to IEPF. Out of this total, 3,346 shareholders have successfully updated their records, which include address, phone number, email, PAN, and bank details. Further segmentation shows that 1,090 shareholders have provided their PAN details, 7,811 have updated their dividend bank details, and 6,708 have provided nominee details where applicable.

The campaign's communication strategy involved multiple channels, including company emails, SMS alerts, website/portal notifications, and social media. The company reported receiving a total of 2 feedbacks or inquiries from shareholders. While the campaign is considered on track, NOCIL Limited identified practical bottlenecks in approaching shareholders located in other states. To address this, the company has suggested an extension of the campaign deadline by one month. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NOCIL Limited has submitted its first progress report on the 'Saksham Niveshak' campaign, a 100-day initiative mandated by SEBI and IEPFA. The campaign, which runs from July 28, 2025, to November 6, 2025, is designed to assist shareholders in resolving pending issues, primarily focusing on claiming unpaid/unclaimed dividends before their mandatory transfer to the Investor Education and Protection Fund (IEPF) and updating Know Your Customer (KYC) details.

Key actions taken by NOCIL include the formation of a dedicated core committee, comprising representatives from the company (including the Company Secretary as Nodal Officer) and its Registrar and Transfer Agent (RTA), KFintech. This committee actively monitors the campaign's progress and coordinates efforts.

NOCIL has implemented a comprehensive multi-channel communication strategy to reach shareholders. This includes sending notices via speed post and email, issuing public notices in newspapers, and making special announcements on its corporate website (www.nocil.com) under the 'Investors' section. The company also highlighted the initiative at its 63rd Annual General Meeting (AGM) held on August 7, 2025, and included mentions in the Director's Report and Corporate Governance Report.

For the fiscal year 2017-18, NOCIL reported an aggregate of ₹52,32,665 in unpaid/unclaimed dividends as of March 31, 2025, pertaining to 1,25,050 shares. The company is actively working towards resolving these outstanding matters, with a cut-off date of August 31, 2025, for this period's resolutions. The balance as of July 31, 2025, stood at ₹51,31,600.

Furthermore, NOCIL is developing detailed strategies for addressing pending unpaid/unclaimed dividends for financial years 2018-19 through 2023-24. These involve assimilating shareholder records, identifying reasons for non-payment, and creating Standard Operating Procedures (SOPs) for various scenarios to ensure effective resolution and proactive engagement with shareholders.

NOCIL Limited has announced its participation in the Investor Education and Protection Fund Authority's (IEPFA) "100 Days Campaign - Saksham Niveshak," which runs from July 28, 2025, to November 6, 2025. This campaign is dedicated to enhancing investor education and engagement, specifically targeting shareholders who have unpaid or unclaimed dividends. The company's involvement aims to assist these shareholders in updating their Know Your Customer (KYC) details, including PAN, bank account information, nominee registration, and contact details. The primary objective is to enable shareholders to claim their outstanding dividends, thereby preventing their shares from being transferred to the Investor Education and Protection Fund (IEPF). Shareholders facing any issues or queries can contact the company's Registrar and Transfer Agent, KFin Technologies Limited, via mail or email (einward.ris@kfintech.com), or reach out to NOCIL Limited directly at investorcare@nocil.com for support. The notice has been published in The Economic Times (English) and Maharashtra Times (Marathi) on August 20, 2025, and has also been uploaded on the company's website (www.nocil.com) and the websites of the stock exchanges (BSE and NSE). This initiative underscores NOCIL's commitment to investor outreach and compliance with regulatory directives for shareholder protection.

NOCIL Limited reported its Q1 FY26 financial results with revenue from operations at Rs. 336 crores, showing a flattish performance on a sequential basis compared to Rs. 340 crores in Q4 FY25. EBITDA for the quarter stood at Rs. 31 crores, down from Rs. 34 crores in the previous quarter, resulting in EBITDA margins of 9.1%. Profit After Tax (PAT) was Rs. 17 crores, down from Rs. 21 crores QoQ. The company is experiencing domestic dumping pressure, for which it has filed anti-dumping petitions on key products, with investigations initiated. The export business, however, continues to demonstrate growth momentum. Management outlined a strategy focused on intensifying customer engagement, operational excellence, accelerating new product commercialization, and leveraging digitalization and sustainability. The Dahej expansion project is progressing, with trial production expected in H1 FY27 and revenues from H2 FY27. Current capacity utilization is around 65-67%. The company faces challenges from dumping, with about 40% of its revenue impacted by ongoing anti-dumping investigations. Management aims for a 10% CAGR and 10% global market share in rubber chemicals over the medium to long term, with operating leverage benefits anticipated to be significant at higher utilization levels (around index 160). The company's domestic market share remains stable at approximately 40%.

NOCIL Limited has provided an update regarding its investor and analyst conference call concerning the operational and financial performance for the quarter ended June 30, 2025 (Q1 FY26). Following an earlier intimation dated July 24, 2025, the company has now uploaded the audio recording of this conference call onto its official website. This recording can be accessed via a provided link, allowing stakeholders to review the discussions held regarding the company's performance during the reported quarter. The intimation itself is also available on the company's website.

This announcement is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs the disclosure of material information to the stock exchanges. No specific financial figures, guidance, or new strategic insights are presented in this particular disclosure; it serves as a procedural update confirming the availability of the conference call recording.

NOCIL Limited has officially published its un-audited standalone and consolidated financial results for the first quarter of the fiscal year 2025, ending June 30, 2025. The results were announced on August 8, 2025, following board approval.

Quarterly Performance (Q1 FY25):

• Consolidated: Total Income from Operations stood at ₹336.22 Cr, marking a decrease of 9.67% compared to ₹372.17 Cr in Q1 FY24. Profit After Tax (PAT) for the consolidated entity was ₹17.26 Cr, a significant drop of 36.21% from ₹27.06 Cr in the same period last year. Basic Earnings Per Share (EPS) was ₹1.63, down from ₹2.65 year-on-year.
• Standalone: Total Income from Operations was also ₹336.22 Cr, showing a 9.67% YoY decrease from ₹372.17 Cr. Standalone PAT experienced a sharper decline of 39.11% YoY, falling to ₹16.58 Cr from ₹27.23 Cr in Q1 FY24. Standalone Basic EPS was ₹1.63, compared to ₹2.65 in the prior year's quarter.

Quarter-on-quarter (QoQ) performance also indicated a decline, with consolidated revenue falling by 1.02% and PAT by 16.98% from Q4 FY25 figures. Similarly, standalone revenue decreased by 1.02% and PAT by 18.64% sequentially.

Financials & Other Details: The provided extract includes key income statement figures (revenue, PAT, EPS) for the quarter. No balance sheet, cash flow, or specific ratio data is available in this newspaper advertisement extract.

Guidance & Commentary: No management guidance or specific commentary on the results or outlook was included in the published extract.

Regulatory Compliance: The publication adheres to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with results being disseminated via newspapers (Economic Times, Maharashtra Times) and the company's website.

NOCIL Limited has published its investor presentation for the first quarter of FY26 (ended June 30, 2025), outlining its financial results and business updates.

Quarterly Performance (Q1 FY26):
The company reported Net Revenue from Operations of ₹336 Cr, a decrease of 10% YoY (vs ₹372 Cr in Q1 FY25) and 1% QoQ (vs ₹340 Cr in Q4 FY25). Value Addition was ₹143 Cr, down 8% YoY. Operating EBITDA declined by 26% YoY to ₹31 Cr from ₹41 Cr, and by 11% QoQ from ₹34 Cr. The Operating EBITDA Margin compressed to 9.1% from 11.0% YoY. Net Profit after tax fell sharply by 36% YoY to ₹17 Cr from ₹27 Cr, and by 17% QoQ from ₹21 Cr, with the Net Profit Margin standing at 5.1% compared to 7.3% YoY.

Management Commentary & Market Conditions:
Management indicated that revenue and volumes have remained relatively flat quarter-on-quarter. Export volumes, however, continue to show moderate growth. The company is experiencing persistent dumping pressure in the domestic market, leading it to adopt a judicious mix of price and volume management strategies amidst these challenging market conditions.

Financial Deep Dive:

• Income Statement: The results reflect a downturn in profitability and margins compared to both the previous quarter and the same quarter last year, primarily driven by lower revenues and cost pressures.
• Balance Sheet: Total Assets stood at ₹2,057 Cr as of March 2025, up from ₹2,015 Cr in March 2024. Equity increased to ₹1,762 Cr from ₹1,699 Cr, indicating a robust equity base. Cash and cash equivalents saw a reduction to ₹30 Cr from ₹92 Cr in the previous year. Inventories increased to ₹281 Cr from ₹223 Cr.
• Cash Flow: Net cash generated from operating activities for FY25 was ₹26 Cr, a significant decrease from ₹201 Cr in FY24. Investing activities showed a net outflow of ₹37 Cr in FY25.
• Financial Ratios: The company maintains a strong balance sheet with low debt-to-equity, although detailed ratios like ROE/ROCE are not provided in this snippet. Finance costs remain negligible.

Expansion & Outlook:
NOCIL has announced a capital expenditure program of ₹250 Crores for its Dahej facility to bolster its TDQ antioxidant product portfolio. The company aims to double its market share by capitalising on growth opportunities in Asia, Europe, and the US, driven by the global 'China+1' sourcing strategy. It continues to focus on Green Chemistry, environmental stewardship, and expanding its global presence.

Historical Context:
Annual financial performance from FY22 to FY25 shows a declining trend in revenue, EBITDA, and Net Profit, with a corresponding compression in operating margins, indicating a challenging macro environment or industry-specific headwinds that the company is navigating.

NOCIL Limited conducted its 63rd Annual General Meeting (AGM) on August 7, 2025, via video conferencing. The primary focus of the announcement is the Scrutinizer's Report detailing the e-voting results on various resolutions. Shareholders overwhelmingly approved the adoption of the audited standalone and consolidated Statements of Profit and Loss, Cash Flow Statement, and Balance Sheet for the financial year ended March 31, 2025, with votes in favour exceeding 99.99% of votes polled. The declaration of equity dividend for the financial year ended March 31, 2025, also received strong shareholder support, with over 99.99% votes in favour. Furthermore, the re-appointment of Mr. Priyavrata H. Mafatlal, retiring by rotation, was approved with approximately 99.98% votes in favour. The ratification of remuneration payable to the Cost Auditors for the financial year ended March 31, 2026, was passed with around 99.99% votes in favour, and the appointment of the Company's Secretarial Auditors also received overwhelming approval, with over 99.99% votes in favour. Across all resolutions, the voting turnout was approximately 48.26% of outstanding shares, with votes in favour consistently high and minimal votes against. The news confirms the procedural aspects of the AGM and shareholder approval for routine annual matters, but does not contain specific financial performance figures or future guidance.

NOCIL Limited convened its 63rd Annual General Meeting (AGM) on August 7, 2025, conducted via video conferencing. The meeting agenda included the adoption of crucial financial documents and other business items. Shareholders formally approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025. This adoption covered the Statement of Profit and Loss, Cash Flow Statement, and the Balance Sheet as at March 31, 2025, along with the respective Reports of the Directors and Auditors. A significant outcome was the declaration of a dividend of Rs 2 per equity share of Rs 10 each, which received requisite majority approval. The AGM also saw the ratification of the payment of remuneration to M/s. Kishore Bhatia & Associates as Cost Auditors for the Financial Year 2025-26 and the appointment of M/s. Parikh & Associates as Secretarial Auditors, both passing as ordinary resolutions. The Chairman addressed shareholder queries concerning the company's performance and financial accounts as presented in the annual report. The proceedings included electronic voting for the resolutions. The news does not provide specific financial performance metrics (like revenue, PAT, margins, EPS) or future guidance from the company.

NOCIL Limited announced its un-audited financial results for the first quarter ended June 30, 2025. The company reported a consolidated revenue from operations of ₹336.22 crore, a decrease of 9.64% compared to ₹372.17 crore in the corresponding quarter of the previous year (Q1 FY24). Consolidated Profit After Tax (PAT) witnessed a significant decline of 36.21% YoY, falling to ₹17.26 crore from ₹27.06 crore in Q1 FY24. Standalone PAT also saw a sharp decrease of 39.11% YoY, from ₹27.23 crore in Q1 FY24 to ₹16.58 crore in Q1 FY25. Earnings Per Share (EPS) followed a similar trend, with basic EPS on a standalone basis decreasing from ₹1.63 in Q1 FY24 to ₹0.99 in Q1 FY25, and consolidated basic EPS dropping from ₹1.62 to ₹1.03. The results indicate a challenging quarter for NOCIL, with lower revenues and profitability compared to the previous year. The provided documents include the limited review report from the statutory auditors and the Board's approval of the financial results presented for the quarter.

NOCIL Limited announced its unaudited financial results for the first quarter ended June 30, 2025, on August 7, 2025. The company reported a year-on-year decline in key financial metrics.

**Performance (Standalone):

• Revenue from Operations: ₹336.22 crore for Q1 FY25, a decrease of 9.6% from ₹372.17 crore in Q1 FY24.
• Total Income: ₹342.58 crore in Q1 FY25, down 10.4% from ₹382.12 crore in Q1 FY24.
• Profit Before Tax (PBT): ₹22.23 crore in Q1 FY25, a 38.9% decrease from ₹36.43 crore in Q1 FY24.
• Profit After Tax (PAT): ₹16.58 crore in Q1 FY25, a significant decline of 39.1% from ₹27.23 crore in Q1 FY24.
• Earnings Per Share (EPS) - Basic: ₹0.99 in Q1 FY25, down 39.3% from ₹1.63 in Q1 FY24.

**Performance (Consolidated):

• Revenue from Operations: ₹336.22 crore for Q1 FY25, down 9.6% from ₹372.17 crore in Q1 FY24.
• Total Income: ₹342.82 crore in Q1 FY25, down 10.1% from ₹381.51 crore in Q1 FY24.
• Profit Before Tax (PBT): ₹23.14 crore in Q1 FY25, a 37.1% decrease from ₹36.76 crore in Q1 FY24.
• Profit After Tax (PAT): ₹17.26 crore in Q1 FY25, a 36.2% decline from ₹27.06 crore in Q1 FY24.
• Earnings Per Share (EPS) - Basic: ₹1.03 in Q1 FY25, down 36.4% from ₹1.62 in Q1 FY24.

**Other Comprehensive Income (OCI):

• Standalone OCI was ₹6.07 crore in Q1 FY25, largely driven by a gain of ₹7.06 crore from changes in the fair value of investments. This contrasts sharply with a consolidated OCI loss of ₹60.06 crore in Q1 FY24.
• Consolidated OCI was also ₹6.07 crore in Q1 FY25.

**Financials & Ratios:

No specific balance sheet, cash flow data, or ratios like ROE/ROCE, debt-to-equity, or interest cover were provided in the announcement.

**Outlook & Discussion:

The announcement is purely a results disclosure and does not contain management guidance, outlook, or commentary on growth drivers or risks. No specific analyst EPS comparison is available from the provided text.

**Key Events:

No significant orders, expansions, penalties, or product launches were mentioned.

**Overall:

The results indicate a challenging quarter for NOCIL Limited, with a notable year-on-year decline in revenue and profitability. The company operates in a single reportable segment: the manufacture of Rubber Chemicals.