Annual Report

August 25, 2026 To, To, BSE Limited National Stock Exchange of India Limited Listing Compliance & Legal Regulatory Listing & Compliance Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra East, Mumbai 400 051 Stock Code: 543233 Stock Symbol: CHEMCON Dear Sir/Madam, Subject: Annual Report of Chemcon Speciality Chemicals Limited (“the Company”) for the Financial Year 2025-26 Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report for the Financial Year 2025-26 along with the Notice of 37th Annual General Meeting (AGM) of the Company which will be circulated to the members only through electronic mode to those members whose email addresses are registered with the Company/ Depositories. Further, a letter providing a weblink where complete details of the Annual Report is available, will be sent to those Members who have not registered their email addresses. The Annual Report 2025-26 is also available on the website of the Company at https://cscpl.com/wp-content/uploads/investors-relations/37th-agm/CSCL-Annual- Report-2025-26.pdf You are requested to take the above information on record. Thanking you, For Chemcon Speciality Chemicals Limited Shahilkumar Kapatel Company Secretary & Compliance Officer Membership No. A52211 ANNUAL REPORT 202 -2 TABLE OF CONTENTS nm CORPORATE OVERVIEW 1 - 18 m Chairman & Managing Director’s Message 1 m Board of Directors 4 m Corporate Information 7 m Management Discussion and Analysis 9 nm NOTICE OF 37TH AGM 19 - 32 nm STATUTORY REPORTS 33 - 122 m DIRECTORS REPORT 33 Annual Report on CSR 46 Secretarial Audit Report 49 Disclosure u/s 197(12) 53 Business Responsibility and Sustainability Report 57 CG Compliance Certificate 85 Disclosure of contracts/arrangements with related parties 86 Disclosure under rule 8(3) of Companies (Accounts) Rules, 88 2014 m CORPORATE GOVERNANCE REPORT 90 Certificate of non-disqualification of Directors 117 Dividend Distribution Policy 119 m Declaration of compliance with Code of Conduct 121 m CEO - CFO Compliance Certificate 122 nm FINANCIAL STATEMENTS 2025-26 123 - 197 m Auditor’s Report 123 m Balance Sheet 136 m Statement of Profit and Loss 137 m Statement of Changes in Equity 138 m Statement of Cash Flows 139 m Notes to the Financial Statements 142 Corporate Overview Notice of 37th AGM Statutory Reports Financial Statements Chairman & Managing Director’s Message ” At Chemcon, we are committed to maintaining and strengthening our competitive edge in the market. Through a combination of operational excellence, data analytics, and robust customer engagement initiatives, we have expanded our customer base and enhanced profitability. These efforts have yielded positive results.” DEAR STAKEHOLDERS, Warm greetings from the Chemcon family! It gives me great pleasure, on behalf of the Board of Directors and the entire team at Chemcon, to welcome you to the 37th Annual General Meeting of your company. Despite the global economic headwinds, our team has worked with unflinching rigor and resilience to bring about 15.7% Sales growth in these tough market conditions. This force has also been instrumental in delivering operational excellence. OUR PERFORMANCE The global chemical industry continued to face multiple headwinds during the year, including slower demand across key international markets, aggressive competition from Chinese manufacturers, inventory corrections, volatile raw material prices, and geopolitical uncertainties. Against this backdrop, Chemcon delivered a strong operational performance. Revenue from operations increased by 15.7% to ₹240.0 crore from ₹207.4 crore in the previous financial year, supported by improved demand across key products, better customer engagement, and favourable product realisations. Annual Report 2025-26 1 The sharp increase in raw material costs and other input expenses, however, exerted pressure on margins during the year. Consequently, EBITDA stood at ₹30.2 crore, while Profit After Tax was ₹23.6 crore, reflecting a decline of 8.2% and 3.7%, respectively, compared with the previous year. While profitability was impacted by the challenging cost environment, our focus on operational efficiency, prudent cost management, and disciplined execution enabled us to maintain a healthy financial position and create a strong platform for future growth. Our Organic and Inorganic Chemicals businesses recorded improved volumes and better realisations across several key products. Products such as Bromobenzene and 2-Bromo received encouraging acceptance across pharmaceutical, agrochemical, aromatic chemicals, and other Speciality Chemical applications. Strengthening customer relationships and expanding our product pipeline continue to reinforce our long-term growth strategy. STRENGTHENING CORE CAPABILITIES During the year, we made significant progress in integrating the business acquired through the slump sale of Shivam Petrochem Industries. Integration activities, regulatory approvals, and licence transfers are progressing as planned, and we expect the acquired business to begin contributing to revenues in the coming years. This acquisition significantly enhances our manufacturing capabilities and broadens our presence across bulk drugs, Speciality chemicals, chemical intermediates, and solvents. It also provides a strong platform for introducing new products, expanding our customer base, and creating sustainable long- term value. LOOKING AHEAD As we look ahead, we see a world undergoing significant structural transformation. Global supply chains are being reconfigured, customers are increasingly seeking reliable and diversified sourcing partners, and demand for Speciality and advanced materials continues to grow. India is uniquely positioned to benefit from these shifts, and Chemcon is well prepared to play a leading role in this evolving landscape. Our integrated platform, diversified portfolio, and execution capabilities provide a solid foundation to capitalise on emerging opportunities. The outlook for Chemcon remains promising, fuelled by the vast opportunities that lie ahead. We are strategically positioned to leverage our profound expertise across multiple chemistries to drive sustained growth. IN CLOSING I am immensely proud of how we have navigated a demanding economic climate while staying true to our core values. 2 Chemcon Speciality Chemicals Limited Corporate Overview Notice of 37th AGM Statutory Reports Financial Statements I would like to express my sincere gratitude to our employees for their commitment and dedication, to our customers and business partners for their continued trust, and to our shareholders for their unwavering support and confidence. Together, we remain committed to creating sustainable value and building a stronger future for Chemcon. Warm Regards, Kamalkumar Rajendra Aggarwal Chairman and Managing Director Annual Report 2025-26 3 BOARD OF DIRECTORS Kamalkumar Rajendra Aggarwal Chairman and Managing Director Experience: 30 Years Member of the Board Since: January 19, 2004 Holds Diploma in Petrochemical Technology (Plastic Technology) from Maharaja Sayajirao University of Baroda, Gujarat. Naresh Vijaykumar Goyal Joint Managing Director Experience: 42 Years Member of the Board Since: August 3, 2024 Founder of Super Scientific Glass Industries and co-founder of Chemcon Speciality Chemicals Limited with over 40 years of experience and expertise in marketing. Navdeep Naresh Goyal Whole-time Director Experience: 15 Years Member of the Board Since: April 01, 2015 A techno-commercial entrepreneur diversified into various sectors like Speciality chemicals, Pharmaceuticals, Mechanical-Engineering and technical textile industry. Rajveer Kamal Aggarwal Non-executive Director (Non-Independent) Experience: 10 Years Member of the Board Since: October 01, 2017 Holds a bachelor’s degree in chemical engineering from Gujara [Showing first 8,000 characters — download PDF for full document]