Tainwala Chemical Declares Interim Dividend, Approves Q1 Results, and Announces Key Director Appointments

Tainwala Chemical Declares Interim Dividend, Approves Q1 Results, and Announces Key Director Appointments​

Tainwala Chemicals and Plastics (India) Limited recently held a Board of Directors meeting, where management reviewed the quarterly performance, declared an interim dividend, and finalized several key appointments relating to the company's governance structure.

The company approved the unaudited financial results for the quarter ending June 30, 2026, along with its limited review report. Furthermore, the Board of Directors declared an Interim Dividend of INR 3/- (representing 30% of the face value) per equity share on the Paid up Equity Shares of INR 10/- each for the Financial Year 2026-27. The dividend is scheduled to be paid or dispatched within 30 days from the declaration date, pending the Record Date set as August 11, 2026.

The company also announced a significant contribution of INR 50,00,000 towards the Central Hindu Military Education Society in Nashik, following approval by the Board.

Financial Performance Snapshot​

The standalone financial results for the quarter ending June 30, 2026, showed specific operational metrics across the company's income and expenses.

Governance and Appointment Updates​

The Board meeting addressed several critical governance changes, including the appointment of new directors, re-appointment of existing leadership, and approval of the upcoming Annual General Meeting (AGM).

Board and Auditor Appointments:

• Mr. Alpesh Jagdishbhai Nayak was appointed as a Non-Executive Independent Director with effect from September 3, 2026. This role is slated for a term of five years and is subject to approval at the ensuing Annual General Meeting. Mr. Nayak has professional experience in the plastics industry and currently serves as a Vice President at Anand International.
• M/s SDBA & Co., Chartered Accountants, was appointed as the Statutory Auditors of the Company, succeeding M/s GMJ & Co. The term for M/s SDBA & Co. is five years, running from the conclusion of the forthcoming Annual General Meeting up to the conclusion of the 46th Annual General Meeting.

Director Re-appointments:

• Mr. Ramesh Tainwala was approved for re-appointment as Chairman and Managing Director for a second term of five consecutive years. This role commences on August 9, 2027, and extends until August 8, 2032, without remuneration.
• Mr. Devendra Saligram Anand was re-appointed as a Non-Executive Independent Director for a second term of five consecutive years, starting from August 8, 2027, until August 7, 2032. Mr. Anand has extensive experience in writing instrument manufacturing and scaling businesses.
• Mr. Uday Ramniklal Mehta was re-appointed as a Non-Executive Independent Director for a second term of five consecutive years, effective from August 8, 2027, until August 7, 2032. Mr. Mehta has four decades of experience in corporate governance and finance.

AGM Details:
The company approved the notice for its 41st Annual General Meeting (AGM), which is scheduled to be held on Thursday, September 3, 2026. The meeting will utilize Video Conferencing or Other Audio-Visual Means. Mr. Malay M Shah, a Practicing Company Secretary, was also appointed as Scrutinizer for remote e-voting and voting during the AGM.

The company confirmed that it has no subsidiary, associate, or joint venture company as of June 30, 2026.

TAINWALCHM Stock Price Movement​

Tainwala Chemical and Plastic (I) Limited saw shares surge by 4.86% today, settling at ₹220.58 after rising ₹10.09 from its previous close. The stock traded within a tight intraday range, finding support near the ₹205 low and reaching a high of ₹225 in the post-market session.