Khaitan Chemicals Announces FY 2026 Results, Approves Dividend, and Key Director Appointments
Khaitan Chemicals & Fertilizers Ltd announced significant board approvals following its meeting held on April 23, 2026. The company approved its audited financial results for the Quarter and the Financial Year ended March 31, 2026, alongside recommending a final dividend for the fiscal year 2025-26.During the Board meeting, the company addressed key appointments, including the re-appointment of Mr. Utsav Khaitan as Joint Managing Director. Furthermore, the Board appointed new firms for the cost and internal audits for the financial year 2026-27.
Financial Results and Dividend Recommendation
The Board of Directors approved the audited financial results for the quarter and financial year ending March 31, 2026, noting that the company received an unmodified opinion from the Independent Auditors.Regarding shareholder returns, the Board recommended a final dividend of Rs 0.05. This equates to 5% per equity share of face value ₹ 1 and is subject to the approval of the shareholders at the ensuing Annual General Meeting.
Governance and Auditing Appointments
The company finalized several appointments critical to its compliance and accounting structure for the coming fiscal year:- Joint Managing Director: The Board approved the re-appointment of Mr. Utsav Khaitan (DIN: 03021454) as Joint Managing Director. This appointment is effective from May 1, 2026, through April 30, 2029, pending shareholder approval.
- Cost Audit: M.P. Turakhia & Associates, Cost Accountants, were appointed as the Cost Auditor for the Financial Year 2026-27, pending ratification of their remuneration by the members at the Annual General Meeting.
- Internal Audit: M/s APAS & Co., Chartered Accountants, New Delhi, were appointed to conduct the Internal Audit of the Company for the Financial Year 2026-27.
Outstanding Borrowings Details
The company also released details regarding its borrowings, confirming the status of qualified borrowings for the financial year ended March 31, 2026.| Particulars | Amount (in crore) |
|---|---|
| Outstanding Qualified Borrowings at the start of the financial year | 204.16 |
| Outstanding Qualified Borrowings at the end of the financial year | 200.30 |
| Credit rating (highest) | IND BBB/Stable/IND A3+ |
| Incremental borrowing done during the year | N.A. |
| Borrowings by way of issuance of debt securities during the year | N.A. |
Snapshot of Financial Statements (Figures in ₹ Crore)
The company's financial statements for the year ending March 31, 2026, showed the following major figures:| Metric | As at March 31, 2026 | As at March 31, 2023 |
|---|---|---|
| Assets (Noncurrent) | ||
| Property, plant and equipment | 2,347 | 1,609 |
| Assets (Current) | ||
| Inventory | 21,006 | 16,156 |
| Cash and cash equivalents | 419 | 419 |
| Liabilities (Financial) | ||
| Trade payables (Outstanding dues) | 8,125 | 0.06 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 191 | 429,628 |
| Total outstanding dues of micro enterprises and small enterprises | 36,270.53 | 35,895.90 |
The company reported its Cash Flow from Operating Activities for the year ended March 31, 2026, at ₹ 29,9070 crore, compared to ₹ 221 crore for the year ended March 31, 2023.
KHAICHEM Stock Price Movement
Shares of Khaitan Chemicals & Fertilizers Limited today slipped by 0.73% to settle at ₹62.66, marking a drop of ₹0.46 from its previous close. The stock saw significant activity, trading through its daily range and recording a volume of 1.92 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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