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CHEMPLASTS - Chemplast Sanmar

📊 NSE: CHEMPLASTS 🏢 Chemicals 📅 Last Updated: 12/13/2025 21:00

📢 Recent Corporate Announcements

Chemplast Sanmar Submits SEBI Regulation 74(5) Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Apr 2026, 04:49 PM

Chemplast Sanmar Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, confirms that the details of securities dematerialized or rematerialized during the quarter ended March 31, 2026, have been correctly processed. This is a standard administrative filing required by all listed companies to ensure depository records are accurate. The document contains no financial performance data or material business updates.

Compliance certificate submitted for the quarter ended March 31, 2026.
Issued by Registrar and Share Transfer Agent (RTA) KFin Technologies Limited.
Confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
Verification of dematerialized and rematerialized securities completed and reported to stock exchanges.

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company for upcoming quarterly financial results for a better assessment of performance.

Chemplast Sanmar: Non-Executive Director Sumit Maheshwari Resigns Effective April 9, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Apr 2026, 06:35 PM

Chemplast Sanmar Limited has announced the resignation of Mr. Sumit Maheshwari from his position as a Non-Executive Non-Independent Director. The resignation is effective from the close of business hours on April 9, 2026. This disclosure was made in accordance with Regulation 30 of the SEBI Listing Regulations. As the outgoing member held a non-executive role, the departure is not expected to disrupt the company's core operations or strategic execution.

Mr. Sumit Maheshwari (DIN: 06920646) has stepped down from the Board of Directors.
The resignation became effective as of the close of business hours on April 9, 2026.
The official intimation was recorded by the company at 2:41 PM IST on the same day.
The change is a routine regulatory filing under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 No immediate action is required as this is a routine board-level change. Investors should continue to monitor the company's operational performance and any future board appointments.

Chemplast Sanmar Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Mar 2026, 07:14 PM

Chemplast Sanmar Limited has informed the stock exchanges that its trading window will be closed starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results. The window will remain closed for designated persons and their relatives until 48 hours after the audited financial results for the quarter and year ending March 31, 2026, are released. This is a standard regulatory procedure and does not indicate any fundamental change in the company's operations.

Trading window closure effective from Wednesday, April 1, 2026.
Closure pertains to the audited financial results for the quarter and year ending March 31, 2026.
Window to reopen 48 hours after the official announcement of financial results to the exchanges.
Restriction applies to all designated persons and their immediate relatives as per the company's Code of Conduct.

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company's upcoming earnings release for actual performance data.

Chemplast Sanmar Shareholders Approve Key Management Re-appointments and Related Party Transactions

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 23 Mar 2026, 06:24 PM

Chemplast Sanmar Limited has announced that all seven resolutions proposed in its February 2026 Postal Ballot have been passed with an overwhelming majority. Key approvals include the re-appointment of Vijay Sankar as Chairman and Ramkumar Shankar as Managing Director, both receiving 99.99% votes in favor. Shareholders also approved related party transactions with Sanmar Group International FZCO with 99.91% support. This ensures management continuity and operational stability for the company.

Re-appointment of Chairman Vijay Sankar approved with 99.99% of total votes cast.
Managing Director Ramkumar Shankar's re-appointment secured 99.99% shareholder approval.
Related Party Transactions with Sanmar Group International FZCO passed with 99.91% majority.
A total of 6 Special Resolutions and 1 Ordinary Resolution were successfully passed via e-voting.
Independent Director Prasad Raghava Menon's re-appointment approved with 99.92% support.

💡 The high approval ratings indicate strong shareholder confidence in the existing leadership and corporate governance. Investors can remain positive on the company's management stability and continuity.

Chemplast Sanmar Appoints A R Balaji as CFO and P Srinivasan as Company Secretary

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 20 Mar 2026, 07:15 PM

Chemplast Sanmar Limited has announced a transition in its top management effective April 1, 2026. Mr. A R Balaji, a veteran with 40 years of experience in corporate finance and treasury, will succeed Mr. N Muralidharan as the Chief Financial Officer. Simultaneously, Mr. P Srinivasan, who has over 20 years of experience in corporate governance, will take over as Company Secretary from Mr. M Raman. These changes are part of a planned realignment of responsibilities within the group.

Mr. A R Balaji appointed as CFO effective April 1, 2026, bringing 40 years of finance and treasury experience.
Mr. P Srinivasan appointed as Company Secretary and Compliance Officer with over 20 years of experience in listed companies.
Outgoing CFO Mr. N Muralidharan and CS Mr. M Raman to step down on March 31, 2026, due to realignment of responsibilities.
The Board of Directors approved these appointments in a meeting held on March 20, 2026.

💡 This appears to be a planned leadership transition involving highly experienced professionals. Investors should maintain their current positions as this internal realignment is unlikely to disrupt day-to-day operations.

Chemplast Sanmar Appoints New CFO and Company Secretary Effective April 1, 2026

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 20 Mar 2026, 07:13 PM

Chemplast Sanmar has announced a leadership transition in its finance and compliance departments effective April 1, 2026. Mr. A R Balaji, a veteran with 40 years of experience in corporate finance and treasury, will take over as the Chief Financial Officer. Concurrently, Mr. P Srinivasan, who brings over 20 years of experience in corporate governance, will assume the role of Company Secretary and Compliance Officer. These appointments follow the stepping down of the current CFO, Mr. N Muralidharan, and CS, Mr. M Raman, due to internal realignment of responsibilities.

Mr. A R Balaji appointed as CFO with 40 years of experience in Corporate Finance and Treasury
Mr. P Srinivasan appointed as Company Secretary and Compliance Officer with over 20 years of experience
Outgoing CFO Mr. N Muralidharan and CS Mr. M Raman to step down effective March 31, 2026
The transition is part of a realignment of responsibilities within the Sanmar Group

💡 This is a routine management transition involving highly experienced professionals; no immediate action is required. Investors should monitor for any strategic shifts in financial management under the new CFO.

Chemplast Sanmar Appoints A R Balaji as CFO and P Srinivasan as CS Effective April 2026

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 20 Mar 2026, 07:11 PM

Chemplast Sanmar Limited has announced a leadership transition effective April 1, 2026. Mr. A R Balaji will take over as the Chief Financial Officer, bringing 40 years of experience in corporate finance and treasury, primarily within the Sanmar Group. Simultaneously, Mr. P Srinivasan, who has over 20 years of experience in corporate governance, will be appointed as the Company Secretary and Compliance Officer. The outgoing CFO, Mr. N Muralidharan, and CS, Mr. M Raman, will step down on March 31, 2026, due to a realignment of responsibilities within the group.

Mr. A R Balaji appointed as CFO effective April 1, 2026, with 40 years of experience in Corporate Finance and Treasury.
Mr. P Srinivasan appointed as Company Secretary and Compliance Officer effective April 1, 2026, with over 20 years of experience.
Outgoing CFO N Muralidharan and CS M Raman to step down on March 31, 2026, following internal realignment.
Mr. Balaji has a long-standing history with The Sanmar Group, having managed treasury for chemicals, engineering, and shipping divisions.
The Board meeting for these approvals was conducted on March 20, 2026, lasting 15 minutes.

💡 This is a planned leadership transition involving experienced internal and group veterans, which typically ensures continuity. Investors should monitor for any shifts in financial strategy or capital allocation once the new CFO takes office in April 2026.

Chemplast Sanmar Announces CFO and Company Secretary Transition Effective April 2026

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 20 Mar 2026, 07:08 PM

Chemplast Sanmar Limited has announced a planned leadership reshuffle where both the Chief Financial Officer and Company Secretary will step down on March 31, 2026. Mr. A R Balaji, a veteran with 40 years of experience in corporate finance and treasury, will take over as CFO on April 1, 2026. Simultaneously, Mr. P Srinivasan, who has over 20 years of experience in corporate governance, will assume the role of Company Secretary. The company attributes these changes to a strategic realignment of responsibilities within the group.

CFO Mr. N Muralidharan and CS Mr. M Raman to step down effective March 31, 2026.
Incoming CFO Mr. A R Balaji brings 40 years of experience in finance, treasury, and strategy.
Incoming CS Mr. P Srinivasan has over 20 years of experience and is currently Senior VP - Secretarial.
The transition is planned well in advance, providing a clear succession timeline for the market.

💡 Investors should view this as a routine leadership transition given the long lead time and the appointment of experienced professionals. No immediate action is required, but monitor for any changes in financial communication post-transition.

Chemplast Sanmar Announces CFO and CS Leadership Transition Effective April 2026

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 20 Mar 2026, 07:05 PM

Chemplast Sanmar Limited has announced a planned transition in its top management, with CFO N Muralidharan and Company Secretary M Raman stepping down effective March 31, 2026. The board has appointed Mr. A R Balaji, a veteran with 40 years of experience in corporate finance and treasury, as the new CFO starting April 1, 2026. Additionally, Mr. P Srinivasan, who has over 20 years of experience in corporate governance, will take over as the Company Secretary. These changes are described as a realignment of responsibilities within the group.

CFO N Muralidharan and CS M Raman to step down on March 31, 2026, due to realignment of responsibilities.
Incoming CFO A R Balaji brings 40 years of experience in Corporate Finance and Treasury, including a long tenure with the Sanmar Group.
Incoming CS P Srinivasan has over 20 years of experience and was previously with TVS Srichakra Limited.
New appointments for both Key Managerial Personnel (KMP) roles are effective from April 1, 2026.

💡 Investors should view this as a routine leadership transition given the extensive experience of the incoming personnel; no immediate impact on operations is expected.

Chemplast Sanmar Appoints A R Balaji as CFO; Management Transition Effective April 1, 2026

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 20 Mar 2026, 06:45 PM

Chemplast Sanmar Limited has announced a leadership reshuffle where the current CFO, Mr. N Muralidharan, and Company Secretary, Mr. M Raman, will step down on March 31, 2026. Mr. A R Balaji, an industry veteran with 40 years of experience in Corporate Finance and Treasury, will take over as the new CFO from April 1, 2026. Additionally, Mr. P Srinivasan, who has over 20 years of experience in corporate governance, has been appointed as the new Company Secretary. The company stated these changes are part of a realignment of responsibilities within the group.

CFO Mr. N Muralidharan and CS Mr. M Raman to step down effective March 31, 2026.
New CFO Mr. A R Balaji brings 40 years of experience in finance and treasury across various sectors.
Mr. P Srinivasan, currently Senior VP - Secretarial, appointed as CS effective April 1, 2026.
The transition is part of a strategic realignment of responsibilities within the Sanmar Group.

💡 This is a routine management transition involving experienced group veterans; investors should watch for any shifts in financial strategy under the new CFO.

Chemplast Sanmar Q3 FY26: Revenue Falls 21% to ₹835 Cr with ₹119 Cr Net Loss

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 16 Feb 2026, 07:22 PM

Chemplast Sanmar reported a challenging Q3 FY26 with consolidated revenues declining 21% YoY to ₹835 crores and a net loss of ₹119 crores. The performance was hit by a combination of weather-related production disruptions, pricing pressure from imports, and regulatory setbacks regarding anti-dumping duties. Despite the loss, management highlighted a recovery in PVC prices starting January 2026 and the positive impact of China withdrawing its 13% export tax rebate. The company is also undergoing a leadership transition, with MD Ramkumar Shankar stepping down in April 2026.

Consolidated revenue dropped 21% YoY to ₹835 crores, leading to a net loss of ₹119 crores for the quarter.
Specialty Chemicals segment saw a 13% YoY volume increase, contributing 40% to the total revenue mix.
Suspension PVC business was impacted by the non-implementation of anti-dumping duties and rescinded Quality Control Orders.
R32 refrigerant gas expansion of 14 KTPA is underway, with the first 2 KTPA swing plant expected by the end of Q4 FY26.
Management maintains a long-term revenue guidance of ₹1,000 crores for the Custom Manufactured Chemicals division by FY27-28.

💡 Investors should closely monitor PVC price spreads and the successful ramp-up of the R32 and CMC expansion projects to gauge a return to profitability. The impact of the Chinese export tax rebate withdrawal in April 2026 will be a critical catalyst for domestic margin recovery.

Chemplast Sanmar Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Feb 2026, 06:52 PM

Chemplast Sanmar Limited has officially released the audio recording of its earnings conference call held on February 9, 2026. The call focused on the company's unaudited standalone and consolidated financial results for the third quarter and the nine-month period ending December 31, 2025. This disclosure is a standard regulatory requirement under SEBI Listing Regulations to ensure transparency for all shareholders. Investors can access the full recording via the company's investor relations website to understand management's commentary on operational performance.

Audio recording of the earnings call held on February 9, 2026, is now publicly available.
The call covered financial performance for Q3 and the nine months ended December 31, 2025.
Recording is accessible on the official company website under the earning call transcripts section.
The filing complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should listen to the recording to gain insights into management's outlook on the PVC and specialty chemicals market. No immediate trading action is required based on this administrative disclosure.

Chemplast Sanmar Q3 FY26: Revenue Drops 21% YoY to ₹835 Cr with Net Loss Widening to ₹119 Cr

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 08 Feb 2026, 04:45 PM

Chemplast Sanmar reported a challenging Q3 FY26, with consolidated revenue declining 21% YoY to ₹835 Cr and a net loss of ₹119 Cr. The performance was severely impacted by pricing pressures in the Suspension PVC segment due to cheap imports and a global slowdown in the agrochemical sector affecting the Custom Manufacturing division. Despite the losses, management is optimistic about FY27, citing the withdrawal of Chinese export tax rebates and the upcoming commissioning of new R32 refrigerant gas and specialty chemical capacities. EBITDA margins turned negative at -7% for the quarter compared to 3% in the same period last year.

Consolidated Revenue for Q3 FY26 fell 21% YoY to ₹835 Cr from ₹1,058 Cr in Q3 FY25.
Reported an EBITDA loss of ₹57 Cr in Q3 FY26 against a profit of ₹32 Cr in the previous year.
Net Loss widened significantly to ₹119 Cr for the quarter compared to a loss of ₹49 Cr in Q3 FY25.
9M FY26 EBITDA plummeted 98% YoY to ₹4 Cr, reflecting severe margin compression across product lines.
R32 refrigerant gas expansion to 14 ktpa and MPB-3 Phase 3 projects are on track for completion in Q4 FY26.

💡 Investors should exercise caution as the company continues to report significant losses and faces pricing headwinds in its core PVC and caustic soda segments. While the upcoming capacity expansions and regulatory shifts in China offer a potential recovery path in FY27, it is advisable to wait for signs of bottoming out in margins before increasing exposure.

Chemplast Sanmar Q3 FY26 Standalone Revenue Drops 14% YoY; Reports Net Loss of ₹56.50 Cr

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 07 Feb 2026, 02:36 PM

Chemplast Sanmar reported a weak performance for the quarter ended December 31, 2025, with standalone revenue from operations declining to ₹504.34 crore from ₹585.92 crore in the same quarter last year. The company posted a standalone net loss of ₹56.50 crore, a significant deterioration compared to the ₹29.75 crore loss in Q3 FY25 and a sharp reversal from the profit reported in the preceding quarter. Total expenses remained high at ₹583.44 crore, consistently exceeding total income. For the nine-month period, the standalone net loss has widened significantly to ₹120.45 crore compared to a loss of ₹40.36 crore in the previous year.

Standalone revenue from operations fell 13.9% YoY to ₹504.34 crore in Q3 FY26.
Reported a standalone net loss of ₹56.50 crore for the quarter versus a loss of ₹29.75 crore in the year-ago period.
Nine-month standalone net loss widened to ₹120.45 crore from ₹40.36 crore in 9M FY25.
Total expenses for the quarter stood at ₹583.44 crore, resulting in a loss before tax of ₹76.73 crore.
Recorded a one-time incremental impact of ₹1.89 crore due to the assessment of New Labour Codes.

💡 Investors should exercise caution as the company continues to face margin pressure and widening losses in its speciality chemicals business. Closely monitor the management's commentary on demand recovery and the impact of global chemical pricing on their bottom line.

Chemplast Sanmar Schedules Q3 & 9M FY26 Earnings Call for February 9, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 03 Feb 2026, 06:21 PM

Chemplast Sanmar Limited has announced its earnings conference call to discuss the financial and operational performance for the third quarter and nine months ended December 31, 2025. The call is scheduled for Monday, February 9, 2026, at 12:00 Noon IST. Senior management, including the Managing Director and CFO, will be present to address queries. This event is a standard procedure following the conclusion of the fiscal quarter to provide transparency to shareholders.

Earnings call scheduled for February 9, 2026, at 12:00 Noon IST.
Management participants include MD Ramkumar Shankar and CFO N Muralidharan.
Discussion will focus on Q3 and 9M FY26 operational and financial performance.
Specific insights expected from the Custom Manufactured Chemicals Division head.
International dial-in options provided for investors in HK, Singapore, UK, and USA.

💡 Investors should mark the date to listen for management commentary on PVC price trends and the growth of the specialty chemicals segment. No immediate action is required until the actual financial results are released.

View All CHEMPLASTS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Specialty Chemicals grew 10% YoY to INR 726 Cr in H1 FY26, driven by new Paste PVC capacity. Value-added Chemicals declined 9% YoY to INR 276 Cr due to pricing pressure. Suspension PVC remained flat at INR 1,131 Cr.

Geographic Revenue Split

Not disclosed in available documents, though the company mentions expanding into global markets and domestic demand shifts.

Profitability Margins

Consolidated EBITDA margin for H1 FY26 was 3%, a significant drop from 7% in H1 FY25. FY24-25 consolidated loss after tax was INR 110.36 Cr, an improvement from a loss of INR 158.43 Cr in FY23-24.

EBITDA Margin

EBITDA margin for H1 FY26 stood at 3%, down from 7% YoY. EBITDA for H1 FY26 was INR 60 Cr, representing a 60% YoY decrease from INR 150 Cr.

Capital Expenditure

Phase II expansion of CMC division completed in FY24-25. Phase 3 of MPB 3 and civil works for MPB 4 are progressing with expected completion in Q3 FY26 and Q4 FY26 respectively.

Credit Rating & Borrowing

Finance costs increased 31% to INR 235.88 Cr in FY24-25 from INR 180.52 Cr due to post-capitalisation impact of project loans. Consolidated net debt stood at INR 1,319 Cr as of September 30, 2025.

⚙️ Operational Drivers

Raw Materials

Hazardous chemicals and commodity-linked inputs including those for PVC and Hydrogen Peroxide production. Specific percentage of total cost per material is not disclosed.

Import Sources

Not disclosed in available documents, though the company notes vulnerability to geopolitical issues affecting supply chains.

Capacity Expansion

Hydrogen Peroxide reached record sales of 28,390 MT in FY24-25. CMC division has 17 products commercialized with new capacities in MPB 3 and MPB 4 expected to ramp up in late FY26.

Raw Material Costs

Raw material costs are subject to commodity price swings and currency fluctuations. The company uses hedging and sourcing diversification to mitigate these risks.

Manufacturing Efficiency

The company focuses on cost leadership and operational efficiency to protect profitability in a softening pricing environment. Most plants hold Five Star ratings from the British Safety Council.

📈 Strategic Growth

Expected Growth Rate

12.40%

Growth Strategy

Growth will be achieved through the commercialization of a diversified product pipeline in the CMC division (17 products currently), capacity expansion in Paste PVC at Cuddalore, and the completion of MPB 3 and MPB 4 blocks by Q4 FY26 to broaden the customer base in agrochemicals and life sciences.

Products & Services

Specialty Paste PVC resin, Suspension PVC, Custom Manufactured chemicals (intermediates and active ingredients), Caustic Soda, Chloromethanes, Hydrogen Peroxide, and Refrigerant gases.

Brand Portfolio

Chemplast Sanmar, Sanmar Group.

New Products/Services

17 products commercialized in CMC with several more in the pipeline; new Paste PVC plant at Cuddalore is already driving 10% growth in Specialty Chemicals.

Market Expansion

Targeting high-growth sectors such as agrochemicals and life sciences through custom manufacturing engagements.

Market Share & Ranking

#1 manufacturer of Specialty Paste PVC in India and 2nd largest producer of Suspension PVC in India.

Strategic Alliances

Long-standing partnerships (15+ years) with global originator and innovator companies in the CMC segment.

🌍 External Factors

Industry Trends

The Indian Specialty Chemicals industry is projected to grow at a CAGR of 12.4% through 2025. There is a significant shift toward sustainability and zero-liquid discharge manufacturing.

Competitive Landscape

Facing intense competition from new entrants in the Hydrogen Peroxide market and low-priced imports from the EU in the PVC segment.

Competitive Moat

Moat is built on market leadership in Paste PVC, a highly integrated closed-loop manufacturing process, and 15-year relationships with global innovators which are difficult for new entrants to replicate.

Macro Economic Sensitivity

Highly sensitive to global supply shifts and commodity price cycles, particularly in the PVC and Hydrogen Peroxide markets.

Consumer Behavior

Rising demand for eco-friendly products in healthcare and paper & pulp is driving growth in the Hydrogen Peroxide segment.

Geopolitical Risks

Geopolitical shifts, such as unrest in Bangladesh, have led to an influx of lower-priced imports into the Indian domestic market.

⚖️ Regulatory & Governance

Industry Regulations

Anti-Dumping Duty (ADD) on PVC imports from certain regions; Quality Control Orders (QCO) and ongoing ADD investigations into EU imports (decision expected Q2 FY26).