AksharChem India Recommends 5% Dividend, Names New Director

CHEMICALS
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AuthorAnanya Iyer|Published at:
AksharChem India Recommends 5% Dividend, Names New Director
Overview

AksharChem India has approved its FY26 financial results and recommended a 5% final dividend. The company also appointed Devalkumar Suthar as a Whole Time Director and noted Ashok Barot's resignation.

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AksharChem India Board Approves FY26 Results and Recommends Dividend

AksharChem India Limited announced its audited financial results for the fiscal year ended March 31, 2026, following a board meeting. The company is proposing a final dividend and has made changes to its board of directors.

Financial Results and Dividend Recommendation

The board has approved the audited financial results for both the fourth quarter and the full fiscal year ending March 31, 2026. Shareholders are set to consider a final dividend of Rs. 0.50 per equity share, which represents 5% of the face value, at the upcoming Annual General Meeting (AGM).

Changes in Directorship

Effective May 21, 2026, Mr. Devalkumar Indrabal Suthar has been appointed as an Additional Director, serving as a Whole Time Director for a period of three years. Concurrently, Mr. Ashok Dolatsinh Barot has stepped down as Executive Director.

Operational Updates and Audit Opinion

The company's statutory auditors have provided an unmodified opinion on the financial results. AksharChem India operates within a single business segment: Chemicals. In an operational note, the company detailed a fire incident at its VS Plant on May 2, 2024, which caused an estimated loss of Rs. 402.18 Lakhs. The company received insurance claims totaling Rs. 571.79 lakh, with Rs. 169.61 lakh recognized as an exceptional item. Additionally, a 5.19 MWp solar power plant for captive consumption was commissioned at Makdala on November 12, 2025. The management has assessed the impact of the consolidated Labour Codes, effective November 21, 2025, as immaterial.

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