To the Members
The Directors are pleased to present the 36th Annual Report of the Company
together with the Audited Financial Statements for the year ended 31st March
2025.
Financial Summary of the Company
(Rs in Lakhs)
Sl. No. particulars |
2024 - 2025 |
2023 - 2024 |
(i) Revenue from Operations |
57,733.94 |
59,590.63 |
(ii) Other Income |
1,148.83 |
822.66 |
(iii) Total Income |
58,882.77 |
60,413.29 |
(iv) Profit / (Loss) before Interest and Depreciation and exceptional
item |
9,171.82 |
10,430.66 |
(v) Interest |
110.31 |
118.99 |
(vi) Depreciation |
840.73 |
762.40 |
(vii) Exceptional item |
- |
(40.86) |
(viii) Profit / (Loss) Before Tax |
8,220.78 |
9,508.41 |
(ix) Tax Adjustments including Deferred Tax |
1,639.00 |
3,130.00 |
(x) Profit / (Loss) after Tax |
6,581.78 |
6,378.41 |
(xi) Other comprehensive income |
(32.21) |
(48.30) |
(xii) Total comprehensive income |
6,549.57' |
6,330.11 |
(xiii) Profit brought forward from previous year |
18,735.73 |
13,287.92 |
Financial Highlights
Revenue from operations for the year stood at ' 57,733.94 lakhs, as against ' 59,590.63
lakhs in the previous year. This variation is mainly attributable to a moderated sales
volume of Poly Iso Butylene (PIB), which declined from 41,439 metric tons to 37,440 metric
tons.
The Company achieved a Profit Before Tax of ' 8,220.78 lakhs for the financial year
ended 31st March 2025, compared to ' 9,508.41 lakhs in the previous year. This
slight change in pre-tax profitability was primarily due to a temporary dip in sales,
resulting from lower production volumes caused by raw materials shortages.
With effect from the financial year 2024-25, the Company has opted for taxation under
Section 115BAA of the Income Tax Act, moving from the normal tax regime. Accordingly, the
impact of the change in the tax rate has been accounted during the year and the Deferred
tax assets and liabilities were remeasured, contributing to the Company recording its
highest-ever Profit After Tax.
Status of the plant
During FY 2024-25, raw material disruptions caused by the simultaneous, unplanned
shutdowns of two key suppliers for around 40 days resulted in short supply of raw
materials. Despite this, the plant operated for 354 days without any major internal
interruptions.
Additionally, the quality of raw materials consumed during this low throughput period
was sub optimal, containing significant impurities. This not only affected the efficiency
of the production process but also led to increased consumption of catalysts and other
process chemicals, further impacting production performance.
The raw water supply from the Metro Water Board's TTRO plant faced frequent quality
issues and disruptions. As a result, the company was compelled to procure water from
external sources at a higher cost to maintain operations. A joint representation
highlighting these concerns has been submitted to the Board by all industries located in
the Manali area.
On a positive note, the plant's rainwater harvesting infrastructure enabled the
collection and utilization of significant volumes of rainwater. This initiative
contributed to substantial savings in water procurement costs.
The Captive Power Plant remained in good operational condition and was in service for
301 days during the year. Additional power requirements were met through supply from the
State Electricity Board grid.
To enhance renewable energy usage, additional solar panels with a capacity of 60 kW
were installed, supplementing the existing 247 kW facility. The new installation is
currently awaiting approval from TNEB. The entire solar power generated during the year
was fully utilized for internal consumption, with no power exported to the Government
Grid.
Your Company engaged the National Environmental Engineering Research Institute (NEERI)
to conduct a feasibility study for implementing a Zero Liquid Discharge (ZLD) scheme.
NEERI has since submitted its report, and the findings have been forwarded to the State
Pollution Control Board in compliance with their directive, for their review and further
action.
We continue to maintain our existing certifications: ISO 9001:2015 for Quality
Management, ISO 14001:2015 for Environmental Management, ISO 45001:2018 for Occupational
Health and Safety and ISO 50001 certification for our Energy Management System. These
certifications collectively demonstrate our dedication to excellence in environmental
stewardship, energy management and the well-being of our workforce.
All statutory requirements stipulated by the Petroleum and Explosives Safety
Organization (PESO) and the Directorate of Industrial Safety and Health (DISH) are fully
complied with. All Preventive and predictive maintenance practices are systematically
implemented to ensure that the overall plant remains in safe and optimal operating
condition.
Performance
Your Company has achieved 12,767 calendar days of Accident-Free operation
since inception. The Company has been continuously imparting safety training to all its
employees to ensure that all project execution, apart from plant operation, is
Accident-Free and efficient.
We achieved operational performance in FY 2024-2025, with a production volume of 37,995
MT of Polyisobutylene (PIB) and reached 87.6% of our annual target. This reduction was due
to feedstock supply constraints and change in raw material mix.
We are proud to have received the CII Award for Excellence in Energy Management for the
year 2024, and the Silver 3-Star Award for Manufacturing Occupational Health, Safety, and
Environment (OHS & E) Excellence from the World Safety Organization (WSO) India,
recognizing our commitment to safety, health, and environmental excellence.
Based on the learnings from last year's monsoon flooding in the Manali Industrial Area,
few proactive measures were undertaken to safeguard plant and machinery. The rainwater
drainage gutter is being deepened and widened to facilitate efficient evacuation of
stagnant water from the Inside Battery Limit (ISBL) area to the collection pond.
Additionally, an existing mud pond has been revamped and lined with a geomembrane,
enabling it to store approximately 4,000 KL of rainwater.
Strategic initiatives such as reactor debottlenecking, cooling tower upgrades, improved
equipment reliability, and enhancements in thermal efficiency were undertaken during the
year. Energy optimization efforts includes the implementation of a dedicated cooling tower
line. As a result, energy consumption for the year stood at 0.327
TOE/MT of PIB, compared to 0.301 TOE/MT of PIB in FY 2023 - 2024, otherwise it would
have been higher without the measures taken.
During the FY 2024-2025, the Company strategically purchased freehold land situated at
Punjulurupada village, Nellore, for a total consideration of ' 7,272 lakhs. This
acquisition aligns with the Company's longterm growth strategy and reflects its commitment
to enhancing operational capabilities and infrastructure. The intended future development
includes setting up advanced manufacturing facilities, office premises, and ancillary
support structures to support anticipated business expansion and market demand.The Company
is currently in the preliminary stages of project feasibility assessment.
Plant automation
As part of our commitment to operational excellence and transparency, the company
continues to advance the digitalization of critical plant operational workflows and some
of the efforts are:
(i) The SafeTrack Digital Portal provides real-time visibility, accountability, and
traceability in EHS (Environment, Health & Safety) functions, fostering a proactive
and structured safety culture.
(ii) All Quality Control (QC) activities have been fully digitized and upgraded through
the Laboratory Information Management System (LIMS), enabling seamless sample tracking,
standardized test result documentation, and audit-ready data management.
(iii) Vehicle gate entry and exit are now effectively monitored through a 24x7 digital
gate management system, ensuring enhanced security and logistics control.
(iv) Additionally, smart energy meters have been installed at all key utility nodes to
support granular energy analysis. These meters are fully integrated with our Energy
Monitoring System, providing 100% digital, real-time tracking of node-wise energy
consumption across steam, power, and fuel streams.
Safety
Initiatives to enhance the safety culture have been actively pursued through proactive
measures such as regular safety audits, Behavior-Based Safety (BBS) observations, and
Field-Level Risk Assessments (FLRA).
Emergency response preparedness was significantly strengthened through comprehensive
training programs, including Emergency Response Team (ERT) drills, firefighting
simulations, Self-Contained Breathing Apparatus (SCBA) training, and confined space rescue
workshops. These efforts resulted in participation from over 90% of employees and contract
personnel, ensuring a high level of emergency readiness across the site.
A general safety audit was recently conducted by an external agency to evaluate the
effectiveness of our ongoing workplace safety improvements. Building on this foundation,
we are now placing a strong focus on enhancing Process Safety Management (PSM) within the
plant.
A PSM gap assessment was carried out using the Center for Chemical Process Safety
(CCPS) internal standard framework. We are actively reviewing the assessment findings and
implementing necessary actions to strengthen our overall process safety systems and ensure
continued operational integrity.
Pollution and Environment compliances
Your Company has maintained robust environmental performance through strict monitoring
of effluent discharge, air emissions, and solid waste management. Online monitoring
systems have been properly calibrated and are integrated with the Tamil Nadu Pollution
Control Board (TNPCB)'s CARE Air and Water portals, ensuring real-time regulatory
visibility and compliance.
The Company remains vigilant in adhering to all environmental regulations, with no
complaints received from the Pollution Control Board during FY 2024-2025. The Company
holds a valid Consent to Operate (CTO) for Polyisobutylene (PIB) manufacturing, valid
until 31st March 2028.
Research and Development
During the financial year, the Company significantly strengthened its Research and
Development capabilities to support a growing pipeline of innovations and an investment of
' 117.12 lakhs was made towards acquiring state-of- the-art instruments and developing
advanced facilities to strengthen the R & D infrastructure, with more to come in the
following year. In addition, the Company augmented its workforce by onboarding specialized
personnel to bolster day-to-day operations and drive research efficiency. Your Company has
applied for two Intellectual Property (IP) rights, both of which have been approved by the
Intellectual Property Office (IPO).
The Company successfully renewed its recognition from the Department of Scientific and
Industrial Research (DSIR), securing this status for an additional three years, until 31st
March 2028. This renewal underscores the Company's sustained commitment to
scientific advancement and compliance with national R & D standards.
The R & D and Product Development teams continued to drive innovation, with a focus
on the development of new applications. To facilitate the scaling of these new
applications, the Company is establishing dedicated demo plant facilities, further
reinforcing its position as a leader in innovation-driven growth.
Conservation of Energy / Technology Absorption / Foreign exchange earning and outgo:
(a) Conservation of energy :
During FY 2024-25, KPL successfully executed several high-impact energy-saving
projects, resulting in significant daily and annual energy savings:
(i) Installation of Flux Maxio device on the Thermic Fluid Heater: Achieved LPG savings
of 306 kg/day, representing a 5.8% reduction in consumption.
(ii) Dedicated cooling tower line for the lean section: Delivered electricity savings
of 1,022 kWh/day.
(iii) Re-insulation of steam and chilled water lines: Eliminated heat losses of up to
56,663 Kcal/hr.
(iv) Optimization of screw compressor pressure in the Captive Power Plant (CPP):
Resulted in electricity savings of 60 kWh/day.
(v) Steam trap replacement and servicing: Contributed to steam savings of 1,100 kg/hr.
Collectively, these energy efficiency measures resulted in estimated cost savings of
approximately ' 35 lakhs during the year, reinforcing your Company's commitment to
sustainable and efficient operations.
(b) technology absorption: Nil
(c) foreign exchange earnings and outgo:
(Rs in Lakhs)
Sl. No. particulars |
2024-25 |
2023-24 |
(i) Total Foreign Exchange inflow |
15,830.72 |
18,185.35 |
(ii) Total Foreign Exchange outflow |
956.10 |
434.48 |
Dividend
The Board of Directors met on 28th May 2025 to take account of the full
year's performance, various growth opportunities and challenges. After reviewing this, the
Board of Directors has decided not to recommend any dividend for the year 2024-2025,
considering the expansion plans and also to conserve resources.
Board Meetings
During the year 05 Board Meetings were held, the details of which are given in the
Corporate Governance Report. The intervening gap between any two meetings was within the
period as prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and MCA Circulars thereon.
Share Capital
The paid-up equity share capital as on March 31, 2025, was ' 5,884.64 lakhs. The
Company has not issued any shares with differential voting rights nor granted any stock
options or sweat equity.
Directors and Key Managerial Personnel
Mrs. Nina B. Kothari, (DIN: 00020119) Director is liable to retire by rotation at the
ensuing Annual General Meeting and being eligible offers herself for re-appointment.
Mr. Brij Mohan Bansal, (DIN: 00261063) and Mr. Gautam Roy (DIN: 06659522) were
appointed as an Independent Directors w.e.f. 10.08.2020 for a term of five consecutive
years and based on the evaluation of their performance and the recommendation of the
Nomination and Remuneration Committee, the Board proposes to reappoint them for a second
term of five consecutive years as Independent Directors w.e.f. 10.08.2025 subject to
approval of shareholders in this Annual General Meeting by passing Special Resolutions in
accordance with Section 149 (10) read with Schedule IV of the Act.
Mr. Arjun B. Kothari, Managing Director, Mr. M. Rajavel, Whole Time Director, Mr.S.
Sivamahesh, Chief Financial Officer and Mrs. K. Priya, Company Secretary, are the Key
Managerial Personnel of the Company as per section 203 of the Companies Act, 2013.
Declaration from Independent Directors
The Company has received necessary declaration from each Independent Director of the
Company under Section 149(7) of the Companies Act, 2013 and Regulation 16 of the SEBI
Listing Regulations, that the Independent Directors of the Company continue to meet the
criteria of their Independence laid down in Section 149(6) and continue to be included in
the Data Bank maintained by the Indian Institute of Corporate Affairs and the online
proficiency self-assessment test requirement pursuant to Rule 6(4) of Companies
(Appointment and Qualification of Directors) Rules, 2014.
During the year under review, the Independent Directors met on 17th March
2025 without the presence of Non -Independent Directors and members of the Management to
evaluate the performance of the Non - Independent Directors & Board as a whole.
Composition of Audit Committee
During the year 04 Audit Committee Meetings were held, the details of composition of
Audit Committee are provided in Corporate Governance Report of this Annual Report. The
Board has not rejected any proposal / recommendations of the Audit Committee during the
year. The intervening gap between any two meetings was within the period as prescribed
under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Remuneration policy
The Board has, on the recommendation of the Nomination & Remuneration Committee
framed a policy for selection and appointment of Directors, Key Managerial Personnel and
Senior Management and their remuneration. The salient features of the Remuneration Policy
details are stated in the Corporate Governance Report. The Remuneration Policy approved by
the Board of Directors is posted on the website of the Company
www.kotharipetrochemicals.com
Vigil mechanism / Whistle Blower policy
The Company has a vigil mechanism named Whistle Blower Policy to deal with
any genuine concerns raised by the Directors / Employees. The details of the Vigil
Mechanism / Whistle Blower Policy are explained in the Corporate Governance Report and
also posted on the Company's website www.kotharipetrochemicals.com. There were no
incidents / concerns reported during the year under review.
Particulars of Loans, Guarantees or Investments
The Company has not given any Loans or Guarantees covered under the provisions of
section 186 of the Companies Act, 2013. The details of investments made by the company are
given in the notes to the financial statements.
Related party Transactions
All related party transactions entered into during the financial year were on an arm's
length basis and were in the ordinary course of business and there were no 'material'
contracts or arrangement or transactions not at arm's length basis and thus disclosure in
form AOC-2 is not required.
All related party transactions are placed before the Audit Committee and the Board for
approval. Prior omnibus approval of the Audit Committee is obtained for the transactions
which are foreseen and repetitive in nature. For all the transactions entered pursuant to
the omnibus approval so granted, a statement giving details of all such transactions is
placed before the Audit Committee for their review on a quarterly basis.
The policy on Related Party Transactions as approved by the Board is posted on the
Company's website www.kotharipetrochemicals.com
Prevention of Insider trading
The Company has adopted a Code of Prevention of Insider Trading with a view to regulate
trading in securities by the Promoters, Directors and Designated Persons of the Company.
The Code requires pre-clearance for dealing in the Company's shares and prohibits the
purchase or sale of Company's shares by the Promoters, Directors and the designated
persons while in possession of unpublished price sensitive information in relation to the
Company and during the period when the Trading Window is closed.
Directors' Responsibility Statement
In terms of Section 134(5) of the Companies Act, 2013, the Directors would like to
state that:
(a) in the preparation of the annual accounts, the applicable accounting standards have
been followed and there are no material departures.
(b) the directors had selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the company at the end of the financial year and of
the profit and loss of the company for that period.
(c) the directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the company and for preventing and detecting fraud and other irregularities.
(d) the directors had prepared the annual accounts on agoing concern basis; and
(e) the directors had laid down internal financial controls to be followed by the
company and that such internal financial controls are adequate and were operating
effectively.
(f) the directors had devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems were adequate and operating effectively.
Material changes and commitments
There is no change in the nature of business of the company during the year. There is
no material change or commitment affecting the financial position of the company that has
occurred since 31st March 2025 to the date of this report.
Annual Return
As required under Section 92(3), copy of Annual Return is placed on the Company's
website.
The web link to access the annual return is
https://www.kotharipetrochemicals.com/investors/annual-reports/auditors
a) Statutory Auditor
The Statutory Auditor of the Company M/s. P Chandrasekar LLP, Chartered Accountants
(Registration No.: 000580S/S200066) was reappointed for the second term by the
Shareholders at the 33rd AGM held on 02nd August 2022 to hold office
till the conclusion of the 38th Annual General
Meeting of the Company.
As required under SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, the Auditors have confirmed that they hold a valid certificate issued by the Peer
Review Board of the Institute of Chartered Accountants of India. There are no
qualifications or observations or any adverse remarks made by the Auditors in their Report
on the Financial Statements for the year 2024 - 25 and no fraud was reported by auditors
under Section 143(12) of the Companies Act, 2013.
b) Cost Auditor
Pursuant to Section 148 of the Companies Act, 2013 read with the Companies (Cost
Records and Audit) Amendment Rules, 2014, the Cost Audit Records are maintained by the
Company in respect of its Poly Iso Butylene (PIB) unit which are required to be audited.
Your Directors, on the recommendation of the Audit Committee, appointed M/s. P RajuIyer,
M. Pandurangan & Associates, Cost Accountants in practice for conducting the audit of
cost records of the Company and the remuneration payable to the Cost Auditor is required
to be placed before the Members in a general meeting for their ratification. Accordingly,
a Resolution seeking Member's ratification for the remuneration payable to M/s. P.
RajuIyer, M. Pandurangan & Associates, Cost Accountant is included in Item No. 3 of
the Notice convening this 36th Annual General Meeting.
c) Secretarial Auditor
Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has
appointed M/s. V. Vasumathy & Associates, Company Secretary in Practice, Chennai as
Secretarial Auditor of the Company to undertake the Secretarial Audit of the Company for
the financial year 2024-25. The Secretarial Audit Report is forming part of this Annual
Report and does not contain any qualifications or observations.
In accordance with the SEBI (Listing Obligations and Disclosure Requirements) (Third
Amendment) Regulations, 2024 w.e.f. December 13, 2024, the Secretarial Auditors shall now
be appointed by the Members of the Company, on the recommendation of the Board of
Directors, for the first term of five (5) consecutive years starting from FY 2025-2026 to
FY 2029-2030.
M/s. V. Vasumathy & Associates, a peer reviewed Practicing Company Secretary firm,
Chennai (Firm Registration No. S2010TN142100), have confirmed that they fulfill the
criteria and are eligilbe for appointment and have not incurred any of disqualifications
under SEBI Listing Regulations.
In accordance with the above said Regulation, based on the recommendation of the Audit
Committee, the Board of Directors at its meeting held on May 28, 2025, proposed the
appointment of Secretarial Auditor to the members at the 36th AGM.
d) Internal Auditor
Pursuant to the provisions of Section 138 of the Companies Act, 2013 and the Companies
(Accounts) Rules, 2014, the Company has appointed M/s. R. Subramanian & Co. LLP,
Chartered Accountants, Chennai as Internal Auditor of the Company.
Deposits
The Company has not accepted deposits either from members or public falling within the
ambit of Chapter V of the Companies Act, 2013 and the Companies (Acceptance of Deposits)
Rules, 2014 during the year. There were no outstanding deposits during and end of the
financial year 2024-2025.
Significant & Material orders passed by the regulators
There are no significant material orders passed by the Regulators / Courts which would
impact the going concern status of the company and its future operations.
Internal Control Systems and their Adequacy
The Company has an Internal Control System, commensurate with the size, scale and
complexity of its operations. The Internal Audit function is carried out by independent
firm of Chartered Accountants. The Scope and authority of the Internal Audit is defined by
the Audit Committee. The Internal Audit Reports are placed before the Audit Committee on
quarterly basis for its review and the Internal Auditor attends the Audit Committee
meetings.
The Internal Auditors monitor and evaluate the efficacy and adequacy of internal
control system in the Company, its compliance with operating systems, accounting
procedures of the Company based on the report of internal auditor, the Company undertakes
corrective action in their respective areas and thereby strengthens the controls.
Risk Management
Pursuant to the requirement of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Company has laid down the procedures to inform Board Members about
the risk assessment and minimization procedures. Accordingly, the Company periodically
submits the Risk Management Report to the Board for their review.
Corporate Social responsibility policy
Pursuant to the provisions of Section 135 and schedule VII of the Companies Act, 2013,
Corporate Social Responsibility Committee (CSR) was formed to recommend (a) the policy on
Corporate Social Responsibility (CSR) and (b) implementation of the CSR Projects or
Programs to be undertaken by the Company as per CSR Policy for consideration and approval
by the Board of Directors. The policy on Corporate Social Responsibility as approved by
the Board is posted on the Company's website www.kotharipetrochemicals.com. A detailed
report on CSR activities in the prescribed format is forming part of this Annual Report.
Annual performance Evaluation
Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 the Board has carried out the Annual
Performance Evaluation of the Board, its committees and of the individual Directors in the
questionnaire format prescribed by the Nomination and Remuneration Committee of the
Company.
The structured questionnaire covers various aspects of the Board's functioning such as
adequacy of the composition of the Board and its Committees, Board culture, execution and
performance of specific duties, obligations and governance etc. The performance evaluation
of the Directors (without participation of the relevant Director) was carried out by the
entire Board. The Directors expressed their satisfaction with the evaluation process.
Separate Meeting of Independent Directors
The Independent Directors of the Company had met during the year on 17th
March 2025 to review the performance of Non-Independent Directors and the Board as a
whole, reviewed the performance of the Chairperson of the Company and also assessed the
quality, quantity and timeliness of flow of information between the company management and
the Board without the presence of the Non-Independent Directors and members of the
Management.
Disclosure about Cost Audit
Filing of Cost Audit Report |
2024 - 2025 |
2023 - 2024 |
Due Date |
27.09.2025 |
27.09.2024 |
Actual Date |
30.08.2025 (tentatively) |
19.08.2024 |
Cost Auditor Details |
M/s. P. RajuIyer, M. Pandurangan & Associates, M.No. 27969, Chennai. |
M/s. P. RajuIyer, M. Pandurangan & Associates, M.No. 27969, Chennai. |
Audit Qualification in Report |
- |
Nil |
Listing with Stock Exchanges
The Company is listed in The National Stock Exchange of India Limited (NSE) and the
Stock Code is KOTHARIPET and ISIN: INE720A01015. The Company confirms that it has paid the
Annual Listing Fees for the year 2025 - 2026 to NSE where the Company's shares are listed.
Disclosure under the Insolvency and Bankruptcy Code, 2016
There was no application made or any proceeding pending under the Insolvency and
Bankruptcy Code, 2016 during the financial year.
Corporate Governance and Shareholders Information
Your Company has taken adequate steps to adhere to all the stipulations laid down in
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A report on
Corporate Governance forms part of this Annual Report. Certificate from the Practising
Company Secretary confirming the compliance with the conditions of Corporate Governance as
stipulated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
is attached to this report.
Management Discussion and analysis Report
A detailed discussion on the industry structure as well as on the financial and
operational performance is contained in the 'Management Discussion and Analysis Report'
that forms an integral part of this Report.
Disclosure under the Sexual Harassment of Women at Workplace (prevention, prohibition
& Redressal) Act, 2013
The Human Resources Department created an Internal Complaints Committee for
the prevention and redressal of sexual harassment of women at workplace as per the
requirement of Sexual Harassment of Women at Workplace (Prevention, Prohibition &
Redressal) Act 2013. There were no incidents of sexual harassment reported during the year
under review, in terms of the provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013.
Particulars of Employees
Disclosures pertaining to remuneration and other details as required under Section
197(12) of the Companies Act, 2013 read with Rule 5 of the Company (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 are provided elsewhere in the Annual
Report.
Particulars pursuant to Section 197(12) and the relevant Rules
(a) The ratio of the remuneration of each director to the median employee's
remuneration for the financial year and such other details:
Sl. No. Name |
Designation |
ratio |
(i) Mr. Arjun B. Kothari |
Managing Director |
54.38:1 |
(ii) Mr. M. Rajavel |
Whole Time Director |
13.56:1 |
(iii) Mrs. Nina B. Kothari |
Non-Executive Director (Chairperson) |
11.33:1 |
(b) The percentage increase in remuneration of each Director, Chief Financial Officer,
Chief Executive Officer, Company Secretary or Manager, if any, in the financial year:
Sl. No. name |
Designation |
percentage of Increase |
(i) Mrs. Nina B. Kothari |
Non-Executive Director (Chairperson) |
No increase |
(ii) Mr. Arjun B.Kothari |
Managing Director |
No increase |
(iii) Mr. M. Rajavel |
Whole Time Director |
10% |
(iv) Mr. S. Sivamahesh |
Chief Financial Officer |
10% |
(v) Mrs. K. Priya |
Company Secretary |
12% |
(c) 4.42% increase was reported in the median remuneration of employees in the
financial year 2024 - 2025.
(d) The number of permanent employees on the rolls of company as on 31st Mar
2025:194
(e) Increase of remuneration for employees varies between 9% to 25% and for KMP the
increase in remuneration varies between 10% to 12% for the year.
(f) We affirm that the remuneration paid during the period under review, is as per the
Remuneration Policy of the company.
Compliance with Secretarial Standards
The Company complies with all applicable secretarial standards issued by the Institute
of Company Secretaries of India.
Cautionary Statement
Statements in this Report, particularly those which relate to Management Discussion and
Analysis as describing the Company's objectives, projections, estimates and expectations
may constitute forward looking statements within the meaning of applicable
laws and regulations. Actual results might differ from those either expressed or implied
in the statement depending on the circumstances.
Acknowledgement
Your Directors thank the Banks, Customers, Financial Institutions, Government
Authorities, Suppliers and Shareholders for their continued support. Your Directors also
place on record their appreciation for the services by the employees of the Company.
|
On behalf of the Board |
|
for Kothari petrochemicals Limited |
|
Mna B. Kothari |
place : Chennai |
Chairperson |
Date : May 28, 2025 |
DIN: 00020119 |