Nature of Event
Regulatory filing under SEBI Listing Regulations (Regulation 30 and Schedule III) for the 5th Annual General Meeting notice and related disclosures.
Key Quantitative Figures
- Cost Auditor Remuneration: ₹30,000 plus applicable taxes and out-of-pocket expenses for FY 2026-27
- Director Remuneration:
- Bharat Brijlal Bhatia: ₹7,00,000 per month
- Rameshchand Chanduram Bhatia: ₹7,00,000 per month
- Ravi Ashokkumar Bhatia: ₹2,50,000 per month (increased from ₹2,00,000)
- Material Related Party Transaction Limits:
- Mr. Bharat Brijlal Bhatia: ₹221.04 crore
- Mr. Rameshchand Chanduram Bhatia: ₹21.04 crore
- Mr. Ravi Ashokkumar Bhatia: ₹40.30 crore
- M/s Vapchem: ₹220.00 crore
- Total RPT Limit Sought: ₹502.38 crore
- FY26 Financial Highlights (as referenced):
- Paid-up Capital: ₹14.14 crore
- Reserves: ₹81.85 crore
- Total Income: ₹154.99 crore
- Profit Before Tax: ₹6.44 crore
- Profit After Tax: ₹4.18 crore
Dates of Action
- AGM Date: August 25, 2026 at 2:00 PM
- Board Meeting Date: July 31, 2026 (approved resolutions)
- Cut-off Date for Voting: August 18, 2026
- E-voting Period: August 22, 2026 (9:00 AM) to August 24, 2026 (5:00 PM)
- Director Tenures: January 21, 2027 to January 20, 2032 (5 years each)
Parties Involved
- Directors:
- Mr. Bharat Brijlal Bhatia (DIN: 09095082) - Managing Director
- Mr. Rameshchand Chanduram Bhatia (DIN: 09431185) - Whole Time Director
- Mr. Ravi Ashokkumar Bhatia (DIN: 09431186) - Whole Time Director
- Cost Auditor: M/s V.M. Patel & Associates (Firm Registration No. 101519)
- Related Parties:
- Mr. Bharat Brijlal Bhatia
- Mr. Rameshchand Chanduram Bhatia
- Mr. Ravi Ashokkumar Bhatia
- M/s Vapchem (Partnership firm)
- Scrutinizer: Mr. Ranjit Binod Kejriwal, Practicing Company Secretary
- RTA: Bigshare Services Private Limited
Resolutions Proposed
Ordinary Business
1. Adoption of audited financial statements for FY ended March 31, 2026
2. Reappointment of Mr. Rameshchand Chanduram Bhatia as Whole Time Director liable to retire by rotation
3. Ratification of remuneration of Cost Auditor for FY 2026-27
Special Business
4. Reappointment of Mr. Bharat Brijlal Bhatia as Managing Director for 5 years
5. Reappointment of Mr. Rameshchand Chanduram Bhatia as Whole Time Director for 5 years
6. Reappointment of Mr. Ravi Ashokkumar Bhatia as Whole Time Director for 5 years with increased remuneration
7. Approval of material RPTs with Mr. Bharat Brijlal Bhatia (₹221.04 crore)
8. Approval of material RPTs with Mr. Rameshchand Chanduram Bhatia (₹21.04 crore)
9. Approval of material RPTs with Mr. Ravi Ashokkumar Bhatia (₹40.30 crore)
10. Approval of material RPTs with M/s Vapchem (₹220.00 crore)
Financial and Operational Impact
- Capital Structure Impact: No change to share capital disclosed
- Cash Flow Implications: Remuneration payments to directors and cost auditor, RPTs in ordinary course of business
- Contingent Exposure: RPT approvals are omnibus for the period until next AGM
- Arm's Length Basis: All RPTs stated to be at arm's length and in ordinary course of business
Director Details
Mr. Bharat Brijlal Bhatia
- Qualification: Diploma in Chemical Engineering
- Experience: 20+ years in chemical and dyestuffs business
- Shareholding: 15,28,750 equity shares (10.66% direct)
- Current Remuneration: ₹7,00,000 per month
Mr. Rameshchand Chanduram Bhatia
- Qualification: B.Sc.
- Experience: Research and Development in chemical and dyestuffs field
- Shareholding: Not specified in director details
- Current Remuneration: ₹7,00,000 per month
Mr. Ravi Ashokkumar Bhatia
- Qualification: Under-graduate
- Experience: 25+ years in chemical industry, product development and marketing
- Shareholding: 3,60,000 equity shares (2.51%)
- Current Remuneration: ₹2,00,000 per month (proposed ₹2,50,000)
E-Voting Arrangements
- Remote e-voting through NSDL platform
- Voting period: August 22-24, 2026
- Scrutinizer appointed for vote counting
- Physical voting available at AGM for those not voting remotely
Additional Information
- All equity shares under compulsory demat trading