TECIL Chemicals and Hydro Power Limited Approves Unaudited Results, Reappoints Key Directors
TECIL Chemicals and Hydro Power Limited conducted a Board meeting on Wednesday, August 12, 2026, during which it considered and approved various operational and governance matters. The board also reviewed the company's un-audited financial statements for the quarter ending June 30, 2026, and approved key proposals regarding senior management and directorships.Financial Review and Asset Write-off
The Board approved the Un-audited Financial Statements for the quarter ended June 30, 2026, along with a Limited Review Report from the Statutory Auditors. The company also approved the Management Discussion & Analysis Report for the financial year ending March 31, 2026.During the board meeting, a significant decision was made regarding an asset write-off. The Board approved charging X38.90 lakhs to the Statement of Profit and Loss, representing the write-off of a portion of the building that had lost utility out of its total value of X71.63 lakhs.
In other operational highlights during the quarter, the company reported receiving a sum of £27,15,5890 as consideration for land compulsorily acquired in FY 2013-13. The Board noted that the gain on the sale of this land amounted to Rs 25.13,699, which was recognized as Other income during the Quarter.
Governance and Leadership Appointments
The meeting saw several proposals for reappointments and appointments for key leadership positions, all subject to shareholder approval at the ensuing Annual General Meeting (AGM).Director Reappointments and Appointments:
| Director Name | Position Approved For | Term Length |
|---|---|---|
| Mr. Varghese Kurian | Managing Director and Chairman | 5 years |
| Mrs. Lizhyamma Kurian | Whole-time Director | 5 years |
| Mr. Jeeben Varghese Kurian | Executive Director and CEO | 5 years |
| Mr. Shaji Kalladayil Mathew | Whole-time Director | 5 years |
The Board also approved the appointment of Mr. M.K Suresh, Chartered Accountant (Membership No. 026896), as the Internal Auditor for the financial year 2026-27.
Annual General Meeting Details
Details regarding the company's upcoming 81st Annual General Meeting were also approved by the Board of Directors:| Detail | Specification |
|---|---|
| Date | Thursday, September 24, 2026 |
| Time | 02.30 PM |
| Venue | The Palms Hotel, Chingavanam, Dist. Kottayam - 686 531 |
The Board set the following dates for the AGM:
- e Book Closure: September 18, 2026 to September 24, 2026 (both days inclusive).
- e Cut-off Date: September 17, 2026.
Furthermore, Mr. Harikrishnan R., a Practising Company Secretary (CP No. 3132), was appointed as the Scrutinizer to conduct E-voting and Voting through Poll of the 81st Annual General Meeting for the financial year ended March 31, 2026.
The Board meeting commenced at 2:00 PM and concluded at 4:35 PM.
TECILCHEM Stock Price Movement
Shares of TECIL Chemicals and Hydro Power Limited edged higher on Wednesday, settling at ₹8.67 after rallying 2.47% from previous closing levels. The stock traded within a narrow range, hitting a daily low of ₹8.47 and a high of ₹8.96, with the total volume recorded at 8,178 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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