SRF · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Some demand deferment observed in agrochemical spectrum space with new product traction partially offsetting. Management does not believe demand is lost but delayed. Specialty chemicals H2 strength is expected but global headwinds persist.
Aggressive import pricing of NTCF and belting fabrics from China creating margin headwinds. Belting fabric and NTC volumes grew YoY but realizations remain under pressure. Monsoon impacted domestic demand for certain products.
Packaging film exports to US impacted by tariffs; mitigation underway by routing through Thailand facility. HFC pricing also faces some impact from tariffs while still remaining solid. Specialty chemicals US exports ~Rs 300 crore (not material at overall level).
Rahul Jain (President and CFO) announced at Q2 FY26 earnings call that he will step down on December 12, 2025 to pursue other opportunities. Company in process of identifying successor. No succession timeline or interim arrangements disclosed.
