About Kanoria Chemicals & Industries Limited (KCIL)

Kanoria Chemicals & Industries Limited (KCIL) is an Indian chemical manufacturing company with a heritage dating back to 1960, as reflected in its Corporate Identification Number (CIN: L24110WB1960PLC024910) and its Sixty Fifth Annual Report for the year ended March 31, 2025. The Company’s registered office is in Kolkata and its corporate office is located in New Delhi.

KCIL manufactures a broad portfolio of Alco Chemicals—Formaldehyde, Pentaerythritol, Hexamine, Sodium Formate, Phenolic Resins, and Acetaldehyde—serving Construction, Infrastructure, Paint, Pharma, and Agrochemicals sectors. In addition, the Company has an Electronic Automotive business (electronic and mechatronic modules) and a Textile business focused on yarn and denim manufacturing through its overseas operations.

Manufacturing Footprint

KCIL operates three chemical manufacturing units in India at:

• Ankleshwar (Gujarat) 
• Vizag (Andhra Pradesh) 
• Naidupet (Andhra Pradesh) 

The Company exited its solar power operations by selling its 5.0 MW plant on a slump sale, going-concern basis on June 30, 2024.

Internationally, the Group’s footprint includes subsidiaries and step-down subsidiaries with activities across Switzerland, the US, Canada, the Czech Republic, Germany, India, and Ethiopia, reflecting its Electronic Automotive and Textile businesses.

As on March 31, 2025, the Company had 2 subsidiaries; details are presented in the statutory AOC-1 statement in the Annual Report.

Key Milestones

• September 2024: Commissioned a 345 TPD Formaldehyde plant at Ankleshwar, raising total Formaldehyde capacity to 1,400 TPD across sites. 
• FY 2024–25: Commissioned an 18 TPD Hexamine plant at Ankleshwar, taking total Hexamine capacity to 52 TPD. 
• Continued progress under the Company’s long-term “Vision-2030” roadmap. 
• Initiated construction of a new Triacetin plant and a multi-purpose plant for Pentaerythritol derivatives and other specialty chemicals. 
• Undertook capacity augmentation and technology upgrades at Pentaerythritol and Resin plants. 

Key Management

• R. V. Kanoria – Chairman & Managing Director 
• S. V. Kanoria – Whole Time Director 
• H. K. Khaitan – Non-Executive Non-Independent Director 
• Sidharth K. Birla – Non-Executive Independent Director 
• Madhuvanti Kanoria – Non-Executive Non-Independent Director 
• Suhana Murshed – Non-Executive Independent Director 
• Meeta Makhan – Non-Executive Independent Director (appointed w.e.f. 04.09.2024) 
• Sumanta Chaudhuri – Non-Executive Independent Director (appointed w.e.f. 04.09.2024) 
• N. K. Nolkha – Group Chief Financial Officer 
• Pratibha Jaiswal – Company Secretary 

Latest Updates on KCIL

• Capacity expansion: Commissioned a 345 TPD Formaldehyde plant at Ankleshwar in September 2024, increasing total Formaldehyde capacity to 1,400 TPD; an 18 TPD Hexamine plant at the same site lifted Hexamine capacity to 52 TPD. 
• New projects: Construction commenced on a Triacetin plant and a multi-purpose plant for Pentaerythritol derivatives and specialty chemicals. The Company also undertook capacity augmentation and technology upgrades at the Pentaerythritol and Resin plants, with additional investment in the Resin business expansion underway. 
• Portfolio reshaping: The 5.0 MW Solar Power Division was sold on a slump sale, going-concern basis on June 30, 2024. Financials related to the sale were classified under Discontinued Operations in the reviewed year. 
• Market protection: Anti-dumping duty on imports of Pentaerythritol from certain countries was imposed in May 2024, supporting margins in a key product line. 
• Electronics restructuring: The Chairman noted a plan for fresh capital infusion into the electronics business to acquire 63% shareholding (subject to shareholder approval), with KCIL retaining 14.3% of the diluted shareholding. 

Operations and certifications: KCIL reported stable operations across Ankleshwar, Vizag, and Naidupet. The Company maintained ISO 9001 certifications at these sites and achieved zero accidents during the year, supported by a dedicated HAZOP safety team.