GSGalaxy Surfactants540935Quarterly results

Board declares Rs.18 interim dividend, approves Q2 results, MD re-appointment and new auditor

Board met on November 04, 2026 and declared an interim dividend of Rs.18/- per equity share (face value Rs. 10/- each); record date November 11, 2026.

By ScoutQuest · Wed 4 Nov 2026, 8:29 PM IST · 4 min read

Total income YoY change

+36.4%

Period

30th September, 2026 Unaudited

The board of Galaxy Surfactants met on November 04, 2026 and cleared several decisions along with the September quarter results.

What the board approved

• Unaudited Financial Results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026, with the Limited Review Reports from the Statutory Auditors adopted.
• An interim dividend of Rs.18/- per equity share of face value Rs. 10/- each for the financial year 2026-27.
• Re-appointment of Mr. K. Natarajan (DIN: 07626680) as Managing Director.
• Appointment of Ms. Roopali Vikram Kamate as Company Secretary, Compliance Officer and Key Managerial Person, following Mr. Niranjan Ketkar's resignation.
• Appointment of M/s. S R B C & CO LLP, Chartered Accountants, as Statutory Auditors.

Results in numbers (Figures in Rs. Crores)

• Consolidated 'Revenue from operations' for the quarter ended September 30, 2026: 1,810.41, against 1,326.17 in the same quarter last year.
• Consolidated 'Profit after tax': 119.75 for the quarter, against 65.49.
• Consolidated 'Profit after tax' for the half year: 285.67, against 145.98.
• Consolidated 'Total income': 1,816.77 for the quarter and 3,601.95 for the half year.
• Standalone 'Revenue from operations' for the quarter: 1,233.24, against 918.97.
• Standalone 'Profit after tax' for the quarter: 66.47, against 46.19.

Auditor's review

• Deloitte Haskins & Sells LLP reviewed both the consolidated and standalone statements and stated that nothing had come to their attention that caused them to believe the statements were not prepared in line with the applicable standards — an unmodified conclusion.
• In the consolidated review, the interim financial information of one subsidiary was reviewed by another auditor. That information reflects total assets of Rs. 982.79 crore as at September 30, 2026, total revenues of Rs. 502.30 crore and Rs. 932.37 crore for the quarter and half year, and total net profit after tax of Rs. 31.53 crore and Rs. 79.37 crore. The conclusion was not modified in respect of this matter.

Dividend details

• The interim dividend of Rs.18/- per share works out to 180% of the face value of Rs. 10/- each.
• Record date for payment is November 11, 2026, and payment is to be made within 30 days of declaration to shareholders whose names appear in the Register of Members on the record date.
• A note records that the board had recommended a final dividend of Rs. 22 per share (220% of face value) for financial year 2025-26, aggregating to ₹ 78.00 Crores, which shareholders approved at the Annual General Meeting held on August 12, 2026 and which was paid during the quarter ended September 30, 2026.

Leadership changes

• Mr. K. Natarajan's re-appointment as Managing Director runs from February 18, 2027 to March 31, 2029 and is subject to the approval of members.
• Mr. Niranjan Ketkar's resignation as Company Secretary and Compliance Officer is effective December 04, 2026 (closing hours).
• Ms. Roopali Vikram Kamate (M.No: A19814) takes over as Company Secretary, Compliance Officer and Key Managerial Person from December 05, 2026.

New statutory auditors

• M/s. S R B C & CO LLP (ICAI Firm Registration No. 324982E/E300003) is appointed for a term of five years, from the conclusion of the 41st Annual General Meeting until the conclusion of the 46th Annual General Meeting, subject to approval of members.

Land proceedings note

• A note states that the Parent Company received an Order dated October 5, 2024 from Gujarat Industrial Development Corporation (GIDC) initiating proceedings to vacate land for non-utilisation within the required period; the carrying value of that land as of September 30, 2026 is ₹ 72.54 Crores.
• The company appealed against the eviction proceedings and challenged the termination of the lease. The Gujarat High Court granted an interim stay, and the Ankleshwar District Court allowed the appeal, quashing and setting aside the eviction proceedings. The matter is sub judice and, based on legal advice and pending proceedings, no provision has been considered necessary.

What this means for a retail shareholder

• The dividend decision fixes the payout at Rs.18/- per share; holding the shares on the record date of November 11, 2026 decides who receives it.
• The Managing Director re-appointment and the new Statutory Auditors both go to members for approval, and the auditor term is five years.
• The board adopted reviewed quarterly and half-yearly numbers, and the auditor's conclusion on both the consolidated and standalone results is unmodified.

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