Mahickra Chemicals Limited Announces CFO Appointment, Interim Dividend, and Audited Financial Results
Mahickra Chemicals Limited announced key governance updates, including the appointment of a new Chief Financial Officer (CFO), the declaration of an interim dividend, and the release of audited standalone and consolidated financial results for the half-year and year ended March 31, 2026.Management Changes and Governance
The Board of Directors held a meeting on May 30, 2026, and addressed changes in the company's key management personnel.CFO Transition
The Board acknowledged the resignation of Mr. Atul Sushilkumar Bachhawat, who tendered his resignation as CFO effective April 30, 2026.
Following committee recommendations, the Board approved the appointment of Mr. Ashishkumar Champaklal Gandhi, a Whole-Time Director, as the Chief Financial Officer and Key Managerial Personnel (KMP) of the Company, effective May 30, 2026.
Corporate Social Responsibility (CSR)
In view of the applicability of Section 135 of the Companies Act, 2013, the Board approved the constitution of a Corporate Social Responsibility Committee (CSR Committee) effective May 30, 2026.
The composition of the CSR Committee is:
| Sr. No. | Name of Director | Designation in Company | Position in CSR Committee |
|---|---|---|---|
| 1 | Mrs. Basari Dhanik Mehta | Director | Chairperson |
| 2 | Mr. Ashishkumar Gandhi | Whole-Time Director and CFO | Member |
| 3 | Mr. Niren Desai | Director | Member |
Financial Performance and Dividends
Interim Dividend DeclarationDuring the meeting, the Board of Directors declared an Interim Dividend of Rs. 0.15 (Fifteen paise) per equity share for the financial year 2025-26.
Audited Financial Results
The company released the audited standalone and consolidated financial results for the half-year and year ended March 31, 2026. The statutory auditors, M/s. Piyush J Shah & Co., issued reports with an unmodified opinion on the financial statements for the year ended March 31, 2026.
Key figures from the Consolidated Financial Results (Rs. in Lakhs except EPS) show the following annual totals:
| Metric | Year Ended March 31, 2025 | Year Ended March 31, 2026 |
|---|---|---|
| Total Revenue | 9,063.43 | 10,749.52 |
| Total Expenses | 8,710.66 | 10,060.75 |
| Profit Before Tax | 352.77 | 515.51 |
| Basic Earnings per Share (EPS) | 3.12 | 5.16 |
Consolidated Cash Flow Statement Summary
The Cash Flow Statement provides an overview of the company's cash movements.
| Activity | Year Ended March 31, 2025 (Rs. In Lakhs) | Year Ended March 31, 2026 (Rs. In Lakhs) |
|---|---|---|
| Net Profit After Taxes & Extraordinary Items | 253.25 | 515.44 |
| Net Cash Flow from Operating Activities (A) | (18.86) | (831.33) |
| Net Cash Flow from Investing Activities (B) | (15.90) | (741.91) |
| Net Cash Flow from Financing Activities (C) | 40.20 | 2,487.60 |
| Net Increase/Decrease in Cash & Cash Equivalents (A+B+C) | 5.44 | 914.36 |
| Cash and Cash Equivalents at the end of the year | 7.00 | 921.36 |
***
Note: Figures are presented exactly as reported by the company. The company is a manufacturer and exporter of dyes and chemicals.
MAHICKRA Stock Price Movement
On Friday, Mahickra Chemicals Limited shares edged higher, finishing the trading session at ₹240, reflecting a solid 4.30% gain. The stock saw consistent activity, trading a total volume of 2,250 shares during the session.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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