S H Kelkar and Company Ltd

S H Kelkar and Company Ltd announced changes in its senior management. Mr. Vivek Kulkarni, Executive Vice President – Ingredients Division, has resigned to pursue other professional interests, with his last day being September 30, 2026. Concurrently, the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Rajeev Mishra as Vice President – Sales & Ingredients Division, effective October 01, 2026. Mr. Mishra, an alumnus of IIT Roorkee and IIM Calcutta, brings over 25 years of experience in leadership roles, including Business Head and P&L accountability. This change is part of a reorganization within the Group.

S H Kelkar and Company Ltd announced changes in its senior management. Mr. Vivek Kulkarni has resigned as Executive Vice President – Ingredients Division, effective September 30, 2026, to pursue other professional interests. Concurrently, the Board of Directors has approved the appointment of Mr. Rajeev Mishra as Vice President – Sales & Ingredients Division, effective October 01, 2026. Mr. Mishra, an alumnus of IIT Roorkee and IIM Calcutta, brings over 25 years of experience in leadership roles, including P&L accountability and strategy development. He is not related to any director of the company.

S H Kelkar and Company Ltd has announced the closure of its trading window for designated persons and their immediate relatives. The closure is effective from October 01, 2026, and will remain in effect until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. This action is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The date for the Board Meeting to approve these financial results will be communicated in due course.

S H Kelkar and Company Ltd announced the sad demise of its Chairman, Mr. Ramesh Vaze, on September 15, 2026, at the age of 85. Mr. Vaze, a Promoter and Non-Executive Director, was instrumental in shaping the Keva Group into India's largest India-origin fragrance and flavour company with a global footprint. He had been associated with the company for over six decades, serving on the Board since 1981 and as Chairman since 2019. His legacy as a Master Perfumer and industry veteran is remembered with respect and gratitude by the company's directors and employees.

S H Kelkar and Company Ltd announced the sad demise of its Chairman, Mr. Ramesh Vaze, on September 15, 2026, at the age of 85. Mr. Vaze, a promoter and non-executive director, was instrumental in shaping the Keva Group into India's largest India-origin fragrance and flavour company with a global footprint. He had been associated with the company for over six decades, serving on the board since 1981 and as Chairman since 2019. His legacy as a Master Perfumer and industry veteran is remembered with respect and gratitude by the company's directors and employees.

S H Kelkar and Company Ltd announced the sad demise of its Chairman, Mr. Ramesh Vaze, who passed away on September 15, 2026, at the age of 85. Mr. Vaze was a Promoter, Non-Executive Director, and Chairman of the company. A Master Perfumer and industry veteran, he played a pivotal role in transforming the Keva Group into India's largest India-origin fragrance and flavour company with a global presence. His association with the company spanned over six decades, joining in 1961 and serving on the Board since 1981, including a tenure as Managing Director. The company conveyed its deep condolences to his family, emphasizing his enduring legacy and commitment.

S H Kelkar and Company Ltd announced the appointment of Mr. Ranjeet Agrawal as Executive Vice President - Sales (India Subcontinent) and Senior Management Personnel. The appointment, approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee, is effective from August 20, 2026. Mr. Agrawal brings over 20 years of experience in the fragrance, consumer insights, and FMCG industries, with a strong background in business growth and sales leadership. He previously served as General Manager – Fragrance, India & South Asia at Takasago International Corporation.

S H Kelkar and Company Ltd announced the appointment of Mr. Ranjeet Agrawal as Executive Vice President - Sales (India Subcontinent) and Senior Management Personnel, effective August 20, 2026. The decision was approved by the Board of Directors on August 19, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Agrawal brings over 20 years of experience in the fragrance, consumer insights, and FMCG industries, with a notable career including his previous role as General Manager – Fragrance, India & South Asia at Takasago International Corporation. His expertise spans business growth, strategic customer management, sales leadership, and general management. He holds an MMS in Marketing from the University of Mumbai and a B.Sc. in Statistics from Mithibai College, University of Mumbai, with additional qualifications from IIM Ahmedabad.

S H Kelkar and Company Ltd held its 70th Annual General Meeting (AGM) on July 31, 2026, where all resolutions presented were duly passed by the members with the requisite majority. The meeting was conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM), with provisions for remote e-voting and e-voting during the AGM. Mr. Vishwanath was appointed as the Scrutiniser for the e-voting process. The consolidated voting results, including remote e-voting and e-voting at the AGM, were presented and approved. The company also confirmed that the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, were considered and adopted.

S H Kelkar and Company Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a consolidated revenue of ₹662 crore, marking a 14% year-on-year increase. Gross margins remained stable, while EBITDA margin improved to 13.4% due to operating leverage. The Fragrance segment showed healthy growth, and the Flavour segment recorded strong performance across geographies. The company highlighted sustained demand, strong customer relationships, and a diversified product portfolio as key drivers. While acknowledging a dynamic operating environment and higher working capital due to strategic inventory build-up, management remains committed to deleveraging and expects double-digit revenue growth and improved margins for the full fiscal year.