Haryana Leather Chemicals has released its FY26 annual report, posting a revenue of Rs 51.36 crore and a net profit of Rs 2.38 crore. The company recommended a final dividend of Re 1 per share. Investors should look out for the upcoming 41st Annual General Meeting scheduled for September 26, 2026, which will cover key leadership resolutions and a proposed Rs 100 crore investment authorization.
Haryana Leather Chemicals FY26 Annual Report Released
Revenue: Rs 5,136.51 Lakh | Profit After Tax: Rs 237.70 Lakh
Reader Takeaway: Steady financial performance coupled with a proposed dividend of Re 1; monitor growth of the new AKRELON PVC division.
What just happened
Haryana Leather Chemicals Limited (HLCL) released its annual report for FY 2025-26, detailing financial growth and operational strategy. The company reported a revenue increase to Rs 5,136.51 lakh from Rs 4,902.95 lakh in the previous fiscal. Profit After Tax (PAT) climbed marginally to Rs 237.70 lakh.
Why this matters
The company is diversifying beyond its traditional leather chemicals business into the PVC additives market. Their AKRELON brand, introduced in 2024, is gaining traction in the infrastructure and construction sectors, as highlighted by a positive response at the recent Plast India 2026 exhibition. Shareholders are also being asked to approve a Rs 100 crore investment limit, signaling potential strategic expansion.
Corporate Actions
The Board of Directors has recommended a final dividend of Re 1 per share (face value Rs 10). The payout, totaling Rs 49.08 lakh, awaits final shareholder approval at the 41st AGM on September 26, 2026.
Governance Updates
Management is seeking approval for the continued tenure of Mr. Pankaj Jain as Chairman and Managing Director as he approaches age 70. Additionally, the company proposed the re-appointment of Mr. Vijay Kumar Garg as a Non-Executive Director. The company also acknowledged the passing of Mr. N.K. Jain, honoring his contributions.
What to track next
Investors should monitor the AGM outcome regarding the special resolution to permit investments up to Rs 100 crore in corporate securities. The ability of the AKRELON division to contribute meaningfully to the bottom line will remain a key growth indicator for future quarters.