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Tainwala Chemical and Plastic (I) Limited (TAINWALCHM)

₹198.54 -2.18% last close, 16 Oct

📊 NSE: TAINWALCHM 🏢 Plastic Products - Industrial 📢 Latest filing: 09 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Tainwala Chemical's revenue was ₹1.0 Cr (-5.7% year on year, -28.6% on the previous quarter), and net profit ₹0.0 Cr (-99.1% year on year); the operating margin was 3.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1.0	-5.7%	-28.6%
Operating profit	₹0.0	from loss	from loss
Net profit	₹0.0	-99.1%	-96.5%
EPS (₹)	0.03	-99.0%	-96.1%
Operating margin	3.5%	—	—

Full quarterly financials → Results calendar →

TAINWALCHM delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 79.48% of the TAINWALCHM shares traded on NSE were taken to delivery, against the stock's own 20-session average of 74.6%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.

79.48%Delivery, 16 Oct

74.6%Own 20-session average

0.3×Volume vs its average

₹198.54NSE close · -2.18%

Delivery in the last 5 sessions: 74.7% · 85.0% · 38.1% · 86.8% · 79.5%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Tainwala Chemical Submits Reg 74(5) Depository Certificate for Q2 Ended Sep 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Oct 2026, 11:40 AM

Tainwala Chemicals and Plastics (India) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 8, 2026. It confirms that share certificates received for dematerialisation during the period were duly processed, confirmed or rejected, and mutilated/cancelled as mandated. This is a standard regulatory filing with zero financial or operational impact.

Compliance certificate submitted for the quarter ended September 30, 2026
Issued by RTA MUFG Intime India Private Limited on October 8, 2026
Confirmation provided under Regulation 74(5) of SEBI Depositories and Participants Regulations 2018
Filing made to BSE and NSE on October 9, 2026

💡 Track the upcoming board meeting announcements and Q2 financial results for operational performance updates.

Tainwala Chemicals Shareholders Approve All 9 AGM Resolutions, Including CMD Re-appointment

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Sep 2026, 08:33 PM

Tainwala Chemicals and Plastics (India) Limited has released the voting results and Scrutinizer's Report for its 41st Annual General Meeting held on September 3, 2026. All 9 resolutions were passed with overwhelming shareholder approval. Key ordinary and special resolutions included the adoption of FY26 financial statements, the re-appointment of Mr. Ramesh Tainwala as Chairman and Managing Director, appointment of M/s. SDBA & Co. as statutory auditors, and approval of material related-party transactions with Abhishri Packaging Private Limited.

All 9 resolutions passed successfully at the 41st AGM held via VC/OAVM on September 3, 2026.
Re-appointment of Mr. Ramesh Tainwala as Chairman & MD approved with 100% votes cast in favor (21,06,281 votes).
Appointment of M/s. SDBA & Co. as Statutory Auditors approved with 99.68% votes in favor.
Material related-party transactions with Abhishri Packaging Private Limited approved with 100% of valid non-interested votes (1,03,930 votes).
Total registered shareholder count stood at 8,088 as of the record date (August 28, 2026).

💡 Track subsequent quarterly financial reports and disclosures regarding operational execution in the PVC Engineering Sheets business and related-party transaction volumes.

Tainwala Chemical Shareholders Approve Re-Appointment of CMD and Independent Directors at 41st AGM

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 03 Sep 2026, 07:04 PM

Tainwala Chemical and Plastics (India) Limited announced that shareholders at its 41st AGM approved key board appointments and re-appointments. Mr. Ramesh Tainwala was re-appointed as Chairman and Managing Director for a 5-year term from August 9, 2027 to August 8, 2032, without remuneration. Additionally, Mr. Alpesh Jagdishbhai Nayak was appointed as an Independent Director for a 5-year term starting September 3, 2026. Independent Directors Devendra Anand and Uday Mehta were also re-appointed for 5-year terms commencing August 8, 2027.

Re-appointment of Mr. Ramesh Tainwala as CMD for 5 years from August 9, 2027 to August 8, 2032 without remuneration
Approval for Mr. Ramesh Tainwala to continue directorship after attaining 70 years of age on September 8, 2029
Appointment of Mr. Alpesh Jagdishbhai Nayak as Independent Director for a 5-year term from September 3, 2026 to September 2, 2031
Re-appointment of Independent Directors Devendra Anand and Uday Mehta for 5-year terms from August 8, 2027 to August 7, 2032

💡 Track subsequent quarterly operational updates to observe strategic execution in the core PVC sheet and trading business under continuous leadership.

Tainwala Chemical Appoints SDBA & Co. as Statutory Auditor for 5-Year Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 03 Sep 2026, 07:02 PM

Tainwala Chemical and Plastic (India) Limited announced that shareholders at the 41st AGM held on September 3, 2026, approved the appointment of M/s. SDBA & Co., Chartered Accountants, as Statutory Auditors. The appointment is for a tenure of 5 consecutive years, concluding at the 46th AGM in 2031. The outgoing auditors, M/s. GMJ & Co., completed their mandatory second term at the conclusion of the 41st AGM.

Shareholders approved SDBA & Co. as Statutory Auditor for a 5-year tenure (41st AGM to 46th AGM in 2031)
Outgoing statutory auditor M/s. GMJ & Co. completed their second term on September 3, 2026
Incoming firm SDBA & Co. was founded in 2016 with offices in Mumbai and Udaipur

💡 Track subsequent quarterly financial statements and review reports to ensure seamless transition in statutory audit and reporting.

Tainwala Chemical Concludes 41st AGM; 9 Resolutions Placed for Voting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Sep 2026, 06:39 PM

Tainwala Chemicals and Plastics (India) Limited conducted its 41st Annual General Meeting on September 3, 2026, via Video Conferencing. A total of 9 resolutions were put to shareholder vote via remote and meeting e-voting, including the adoption of FY2025-26 audited financials, appointment of M/s. SDBA & Co. as new Statutory Auditors, and the re-appointment of Mr. Ramesh Tainwala as Chairman and Managing Director. Additionally, shareholder approval was sought for material related-party transactions with Abhishri Packaging Private Limited. Detailed voting results and the scrutinizer's report will be declared separately.

41st Annual General Meeting held on September 3, 2026, from 2:00 PM to 2:44 PM IST
Total of 9 resolutions tabled across ordinary and special business
Proposed appointment of M/s. SDBA & Co., Chartered Accountants, as Statutory Auditors replacing M/s. GMJ & Co.
Proposed re-appointment of Mr. Ramesh Tainwala as Chairman and Managing Director
Remote e-voting took place from August 31, 2026 (9:00 AM) to September 2, 2026 (5:00 PM)

💡 Track the upcoming formal submission of scrutinizer voting results to confirm the approval of all tabled resolutions, including the material related-party transaction.

₹10.79 Cr FY26 PAT: Tainwala Chemical Reports 119% Profit Growth in Annual Report

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 10 Aug 2026, 04:53 PM

Tainwala Chemical and Plastic (I) Limited has released its FY25-26 Annual Report, showing a significant 119% jump in Profit After Tax (PAT) to ₹10.79 Cr, compared to ₹4.92 Cr in FY25. While revenue grew modestly by 8.6% to ₹17.83 Cr, the bottom line was heavily supported by income from investments. The company maintains a substantial investment portfolio, including a ₹59.03 Cr stake in Samsonite South Asia Pvt Ltd. A change in statutory auditors to M/s. SDBA & Co. is proposed at the upcoming AGM on September 3, 2026.

Profit After Tax (PAT) increased by 119% to ₹10.79 Cr in FY26 from ₹4.92 Cr in FY25.
Revenue from operations grew to ₹17.83 Cr, up from ₹16.42 Cr in the previous financial year.
Investment in Samsonite South Asia Pvt Ltd is recorded at ₹59.03 Cr as of March 31, 2026.
Investment in Periwinkle Fashion Pvt Ltd stands at ₹50.00 Cr.
41st Annual General Meeting (AGM) is scheduled for September 3, 2026, via video conferencing.

💡 Investors should focus on the AGM for clarity on the sustainability of investment-led profits and the growth outlook for the core PVC Engineering Sheets segment, which faces high import competition.

TAINWALCHM FY26 PAT up 119% to ₹10.78 Cr; NSE investment at ₹50 Cr

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 10 Aug 2026, 03:52 PM

Tainwala Chemical reported a 119% YoY jump in PAT to ₹10.78 Cr for FY26, primarily driven by investment income rather than core operations. Revenue grew a modest 8.6% to ₹17.83 Cr, highlighting that the company's bottom line is heavily influenced by its non-core assets. The company holds substantial unlisted investments, including ₹59.03 Cr in Samsonite South Asia and ₹50.00 Cr in the National Stock Exchange (NSE). Shareholders will vote on the appointment of M/s. SDBA & Co. as new statutory auditors at the AGM on September 3, 2026.

Revenue from operations increased to ₹1,783.31 Lakh in FY26 from ₹1,641.70 Lakh in FY25
Profit After Tax (PAT) surged to ₹1,078.53 Lakh, representing a high net margin of 60.4%
Investment in Samsonite South Asia Pvt Ltd is valued at ₹5,903.43 Lakh as of March 31, 2026
Investment in National Stock Exchange Ltd stands at ₹5,000.00 Lakh
41st Annual General Meeting (AGM) scheduled for September 3, 2026, via Video Conferencing

💡 Investors should evaluate the company as a proxy for its underlying unlisted investments (NSE, Samsonite) rather than a pure-play chemical firm. Watch for any updates on the NSE listing process as it significantly impacts the company's liquidable book value.

Tainwala Chemical Schedules 41st AGM for Sept 3; Proposes Auditor Change and CMD Re-appointment

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Aug 2026, 03:40 PM

Tainwala Chemical and Plastic (I) Limited has scheduled its 41st Annual General Meeting (AGM) for September 3, 2026. Key agenda items include the appointment of M/s. SDBA & Co. as new Statutory Auditors, replacing M/s. GMJ & Co., and the re-appointment of Mr. Ramesh Tainwala as Chairman and Managing Director for a five-year term starting August 2027. Notably, the CMD will serve in an unsalaried capacity. The meeting will also address the appointment of two Independent Directors and the adoption of FY26 audited financial statements.

41st Annual General Meeting scheduled for September 3, 2026, at 2:00 PM IST via Video Conferencing.
Proposed appointment of M/s. SDBA & Co. as Statutory Auditors for a 5-year term until the 46th AGM.
Re-appointment of Mr. Ramesh Tainwala as CMD for 5 years (2027-2032) in an unsalaried capacity, including continuation after age 70.
Mr. Ramesh Tainwala holds 29,31,961 equity shares in the company as of the notice date.
Mr. Rakesh Dungarmal Tainwala acquired 5,86,464 shares via inter-se transfer on June 3, 2026.

💡 Investors should review the Annual Report for FY26 and monitor the voting results of the AGM, specifically regarding the auditor transition and the special resolution for the CMD's tenure extension.

Tainwala Chemical Sets Aug 11 as Record Date for FY27 Interim Dividend

🟢 POSITIVE ⭐ 5/10

DIVIDEND 📅 05 Aug 2026, 06:08 PM

Tainwala Chemical and Plastic (I) Limited has announced August 11, 2026, as the record date for its interim dividend for the financial year 2026-27. The decision follows a Board of Directors meeting held on August 5, 2026. The company's total paid-up equity capital is currently Rs 9.36 crore, consisting of shares with a face value of Rs 10 each. Investors must ensure their TDS exemption certificates are submitted by the record date to avoid higher tax deductions.

Record date for interim dividend eligibility fixed for August 11, 2026
Interim dividend declared for the financial year 2026-27
Total paid-up equity capital stands at Rs 9,36,38,630
Face value of each equity share is Rs 10
Deadline for TDS exemption certificate submission is August 11, 2026

💡 Investors should verify the specific dividend amount per share (not disclosed in this filing) and ensure they hold shares before the ex-dividend date to qualify for the payout.

Tainwala Chemical Re-appoints Ramesh Tainwala as CMD for 5 Years; New Auditor Appointed

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 05 Aug 2026, 05:56 PM

The Board of Tainwala Chemicals has approved the re-appointment of Mr. Ramesh Tainwala as Chairman and Managing Director for a second 5-year term (2027-2032) without remuneration. Additionally, M/s. SDBA & Co. has been appointed as the new Statutory Auditor for a 5-year term, replacing the retiring M/s. GMJ & Co. The company also appointed Mr. Alpesh Nayak as a new Independent Director and re-appointed two existing Independent Directors for 5-year terms, all subject to shareholder approval at the upcoming AGM.

Re-appointment of Mr. Ramesh Tainwala as CMD for 5 years starting August 9, 2027, without remuneration.
Appointment of M/s. SDBA & Co. as Statutory Auditors for a 5-year tenure until the 46th AGM in 2031.
New appointment of Mr. Alpesh Jagdishbhai Nayak as Independent Director for 5 years effective September 3, 2026.
Approval for Mr. Ramesh Tainwala to continue as Director after reaching 70 years of age on September 8, 2029.
Re-appointment of two Independent Directors, Mr. Devendra Anand and Mr. Uday Mehta, for 5-year terms starting August 2027.

💡 Investors should monitor the upcoming Annual General Meeting (AGM) results to confirm shareholder approval for these appointments and the transition to the new statutory auditor.

₹3 Interim Dividend Declared; Q1 Total Income Drops to ₹1.11 Cr from ₹4.10 Cr YoY

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 05 Aug 2026, 05:35 PM

Tainwala Chemical and Plastic (I) Limited has declared an interim dividend of ₹3 per equity share (30% of face value) for FY 2026-27, with a record date of August 11, 2026. The company's Q1 FY27 financial results show a significant decline in total income to ₹1.11 Cr, down from ₹4.10 Cr in the same quarter last year, largely due to a sharp drop in 'Other Income'. The board also approved the re-appointment of Chairman Ramesh Tainwala for a five-year term and proposed a new statutory auditor. Additionally, a charitable contribution of ₹50 Lakhs was approved, which is notably high relative to the quarter's total income.

Declared an interim dividend of ₹3 per equity share on a face value of ₹10.
Total income for Q1 FY27 fell to ₹110.87 Lakhs compared to ₹409.58 Lakhs in Q1 FY26.
Income from operations remained low at ₹95.17 Lakhs, down from ₹100.94 Lakhs YoY.
Approved a ₹50,00,000 (₹50 Lakhs) contribution to a charitable society, subject to shareholder approval.
Proposed appointment of M/s. SDBA & Co. as Statutory Auditors, replacing M/s. GMJ & Co.

💡 Investors should note the dividend record date of August 11, 2026, while monitoring the company's ability to scale its core operations, which currently generate less than ₹1 Cr in quarterly revenue.

₹3 Interim Dividend Declared; Q1 Total Income Drops 73% YoY to ₹1.11 Cr

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 05 Aug 2026, 04:34 PM

Tainwala Chemical reported a sharp decline in total income to ₹110.87 Lakhs for Q1 FY27, down from ₹409.58 Lakhs in Q1 FY26, primarily due to a significant reduction in other income. Despite the lower income, the board declared an interim dividend of ₹3 per share (30% of face value). The company also announced the re-appointment of CMD Ramesh Tainwala for a five-year term without remuneration and a change in statutory auditors to SDBA & Co. A charitable contribution of ₹50 Lakhs was also approved, subject to shareholder consent.

Total Income fell 72.9% YoY to ₹110.87 Lakhs in Q1 FY27 from ₹409.58 Lakhs in Q1 FY26.
Interim Dividend of ₹3 per share declared with a record date of August 11, 2026.
CMD Ramesh Tainwala re-appointed for 5 years (2027-2032) with zero remuneration.
Proposed a ₹50 Lakh charitable contribution, representing approximately 0.03% of the company's ₹172 Cr net worth.
Statutory Auditor changed from GMJ & Co. to SDBA & Co. for a five-year tenure.

💡 Monitor the upcoming AGM on September 3, 2026, for shareholder approval of director appointments and the charitable contribution. Watch for the impact of the auditor change on future financial reporting.

Tainwala Chemical Sets Aug 11 as Record Date for Potential FY27 Interim Dividend

🟢 POSITIVE ⭐ 5/10

DIVIDEND 📅 31 Jul 2026, 05:24 PM

Tainwala Chemical and Plastic (I) Limited has scheduled a board meeting on August 5, 2026, to consider and declare an interim dividend for the financial year 2026-27. The company has proactively fixed August 11, 2026, as the record date to determine shareholder eligibility, contingent on board approval. The company currently maintains a debt-free balance sheet with a net worth of Rs 172 Cr. Shareholders are required to submit TDS exemption certificates by the record date to ensure correct tax withholding.

Board meeting scheduled for August 5, 2026, to declare the interim dividend for FY 2026-27.
Record date for determining shareholder entitlement is fixed for August 11, 2026.
Total paid-up equity share capital stands at Rs 9,36,38,630 (Rs 9.36 crore).
Deadline for submission of TDS exemption certificates is Tuesday, August 11, 2026.

💡 Monitor the board meeting outcome on August 5, 2026, to confirm the dividend amount per share and evaluate the yield relative to the current price of Rs 201.8.

6.26% Stake Acquisition by Rakesh Dungarmal Tainwala in Tainwala Chemical

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 09 Jul 2026, 06:39 PM

Rakesh Dungarmal Tainwala, along with Persons Acting in Concert (PACs), has acquired 5,86,464 shares of Tainwala Chemical and Plastic (I) Limited, representing 6.26% of the company's share capital. Before this transaction, the group held a 67.85% stake (63,53,459 shares). Following this acquisition, the total group holding increases to 74.11%, and the acquirer will be formally classified as a Promoter.

Acquisition of 5,86,464 equity shares representing 6.26% of the total voting capital
Pre-acquisition holding of the acquirer and PACs stood at 67.85%
Post-acquisition total holding of the group reaches 74.11%
The acquirer, Rakesh Dungarmal Tainwala, to be classified as a Promoter post-acquisition

💡 Investors should monitor the company's future shareholding patterns as the promoter group is now very close to the 75% regulatory limit for public shareholding.

Tainwala Chemical Submits Quarterly SEBI Dematerialization Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 11:44 AM

Tainwala Chemical and Plastic (I) Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and the underlying securities were listed on the exchanges. This is a standard administrative filing required for all listed entities to confirm the integrity of the share register. There is no impact on the company's financial position or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
RTA MUFG Intime India Private Limited issued the confirmation on July 1, 2026
Confirms that security certificates received for dematerialization were mutilated and cancelled after verification
Confirms the name of the depositories has been substituted in the register of members within prescribed timelines

💡 No action is required as this is a routine regulatory filing. Investors should monitor upcoming quarterly financial results for updates on the company's PVC engineering sheets business.

View All TAINWALCHM Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Plastic Sheets segment revenue grew 9% YoY to INR 4.89 Cr in FY25 but declined 3.67% YoY to INR 1.81 Cr in H1 FY26. Tradable Items revenue declined 14.89% YoY to INR 11.52 Cr in FY25 and 0.67% YoY to INR 4.61 Cr in H1 FY26.

Profitability Margins

Operating PBT margin for H1 FY26 was approximately 1.4% (INR 8.99 Lakhs on INR 6.42 Cr revenue). Total PBT margin was 56.5% of total income, heavily skewed by INR 8.55 Cr in dividend income.

EBITDA Margin

Operating EBITDA is low; PBT of INR 8.24 Cr for H1 FY26 is 128% of revenue from operations (INR 6.42 Cr) due to INR 8.15 Cr in Other Income, primarily from dividends.

Capital Expenditure

Historical capital expenditure was minimal at INR 0.29 Lakhs for FY25. No major planned expansion was quantified in INR.

Credit Rating & Borrowing

Not disclosed. Finance costs were INR 0.00 in H1 FY26, down from INR 1.41 Lakhs in FY25, indicating negligible interest-bearing debt.

⚙️ Operational Drivers

Raw Materials

PVC (Polyvinyl Chloride) resins and compounds for engineering sheets, representing a significant portion of the INR 0.93 Cr material cost in H1 FY26.

Capacity Expansion

Current installed capacity is not disclosed. Management is focused on identifying new customer markets to utilize operational capacity more efficiently.

Raw Material Costs

Cost of materials consumed was INR 0.93 Cr in H1 FY26, up 11.2% from INR 0.84 Cr in H1 FY25. Procurement strategies focus on efficiency and waste reduction.

Manufacturing Efficiency

Headcount stood at 21 as of March 31, 2025. Efficiency is managed through tailored learning opportunities and in-house R&D.

📈 Strategic Growth

Growth Strategy

Focusing on the PVC Engineering Sheets segment for infrastructure (sewage and water treatment) and low-cost housing. Strategy includes identifying new customer markets and leveraging government initiatives in environmental applications.

Products & Services

PVC Engineering Sheets and Tradable Items (Commodity Trading).

Brand Portfolio

Tainwala.

Market Expansion

Targeting infrastructure and environmental applications driven by government funding and global initiatives.

Strategic Alliances

None disclosed; the company has no subsidiaries, associates, or joint ventures as of September 30, 2025.

🌍 External Factors

Industry Trends

Growing demand for sewage and water treatment systems is boosting PVC sheet demand, while the industry faces a shift toward eco-friendly alternatives to PVC.

Competitive Landscape

Faces intense competition from low-cost foreign manufacturers and manufacturers of eco-friendly alternatives to PVC.

Competitive Moat

Moat is based on specialized PVC engineering sheets and in-house R&D, but it is threatened by emerging eco-friendly alternatives and regulatory plastic bans.

Macro Economic Sensitivity

Highly sensitive to infrastructure spending and government reforms in the housing and water treatment sectors.

Consumer Behavior

Shift toward sustainable and eco-friendly materials is a long-term threat to the PVC-based product line.

Geopolitical Risks

Trade barriers and import competition from low-cost foreign manufacturers are primary concerns.

⚖️ Regulatory & Governance

Industry Regulations

Operations are heavily impacted by environmental regulations and potential plastic bans affecting PVC products.

Environmental Compliance

Capital-intensive upgrades are required for compliance with evolving environmental regulations and plastic bans.

Taxation Policy Impact

Income taxes paid (Net) in H1 FY26 was INR 1.06 Cr. Statutory tax rates apply.

Legal Contingencies

No material discrepancies were noticed in physical verification of inventory. No working capital limits in excess of INR 5 Cr were sanctioned, limiting regulatory reporting requirements.