StockWatch
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Commodity Chemicals
Board Meeting5 Aug 2026, 12:28 pm

Andhra Petrochemicals declares Q1 FY27 unaudited results

AI Summary

Andhra Petrochemicals Limited announced the outcome of its Board Meeting where unaudited financial results for the quarter ended June 30, 2026, were considered. The company's plant was shut down from March 17, 2026, due to a propylene supply disruption, with operations resuming partially on May 11, 2026, though at uneconomical prices. Management decided to continue the shutdown until August 4, 2026. The results were reviewed by the Audit Committee and approved by the Board on August 5, 2026. The statutory auditors have completed a limited review.

Key Highlights

  • Unaudited financial results for Q1 FY27 declared.
  • Plant shutdown extended due to supply issues and uneconomical pricing.
  • Board meeting held on August 5, 2026, to approve results.
  • Limited review of financial results completed by statutory auditors.