Lords Chloro Alkali 47th AGM Voting Results September 2026

Meeting Particulars

Meeting Type: 47th Annual General Meeting
Meeting Date: Friday, 11th September, 2026
Meeting Location: Registered office of the Company at SP-460, Matsya Industrial Area, Alwar, Rajasthan-301030

Proposed Resolutions and Implications

The AGM considered 11 resolutions covering various corporate matters:

1. Ordinary Resolution: Consider and adopt the Audited Financial Statement for FY ended 31st March, 2026 with reports of Board of Directors and Auditors

2. Ordinary Resolution: Appointment of Ms. Srishti Dhir (DIN: 06496679) as Director who retires by rotation

3. Ordinary Resolution: Re-appointment of M/s. Nemani Garg Agarwal & Co., Chartered Accountants as Statutory Auditors

4. Ordinary Resolution: Ratification and confirmation of remuneration of Cost Auditors for FY 2026-27

5. Special Resolution: Approval for payment of remuneration to Shri Ajay Virmani (DIN: 00758726), Managing Director

6. Special Resolution: Approval for payment of remuneration to Shri Madhav Dhir (DIN: 07227587), Whole Time Director

7. Special Resolution: Re-appointment and payment of remuneration to Shri Deepak Mathur (DIN: 07092786) as Whole Time Director

8. Special Resolution: Increase in borrowing limit under section 180(1)(c) of Companies Act, 2013

9. Special Resolution: Approval under Section 180(1)(a) for Creation/Modification of Mortgage/Charge over company properties

10. Special Resolution: Approval of increase in limit of managerial remuneration payable to Managing Director, Whole Time Directors, etc.

11. Special Resolution: Approval for Lords Chloro Alkali Employee Stock Option Scheme - 2026

Voting Process and Methods

The voting was conducted through multiple methods:

Remote E-Voting: Conducted through National Securities Depository Limited (NSDL) from Monday, 7th September, 2026 at 09:00 AM to Thursday, 10th September, 2026 at 05:00 PM
Poll Voting: Conducted during the AGM with physical ballot boxes
Postal Ballot: Not applicable for this meeting

The cut-off date for determining shareholders entitled to vote was 4th September, 2026. Information about e-voting was published in three newspapers: Jansatta (Hindi Daily), Lokmat (Jaipur Daily), and Financial Express (English Daily) on 13th August, 2026.

Key Voting Outcomes

Overall Participation

Total Outstanding Shares: 28,653,861
Total Votes Polled: 23,932,156 shares (83.5216% participation)
All 11 resolutions were passed with requisite majorities

Resolution-wise Breakdown

Resolution 1 - Adoption of Financial Statements

Total Votes: 23,932,148 in favor, 8 against (100.0000% approval)
Promoter Group: 21,480,556 votes (100% in favor)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,450,095 votes (99.9997% in favor)

Resolution 2 - Appointment of Ms. Srishti Dhir

Total Votes: 2,450,720 in favor, 880 against (99.9641% approval)
Promoter Group: 0 votes (interested party, votes not counted)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,449,223 votes (99.9641% in favor)

Resolution 3 - Re-appointment of Statutory Auditors

Total Votes: 23,930,226 in favor, 829 against (99.9965% approval)
Promoter Group: 21,480,556 votes (100% in favor)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,448,173 votes (99.9661% in favor)

Resolution 4 - Ratification of Cost Auditors' Remuneration

Total Votes: 23,931,800 in favor, 356 against (99.9985% approval)
Promoter Group: 21,480,556 votes (100% in favor)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,449,747 votes (99.9855% in favor)

Resolution 5 - Remuneration to Managing Director Ajay Virmani

Total Votes: 23,779,766 in favor, 2,390 against (99.9900% approval)
Promoter Group: 21,480,556 votes (100% in favor)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,297,713 votes (99.8961% in favor)

Resolution 6 - Remuneration to Whole Time Director Madhav Dhir

Total Votes: 2,449,260 in favor, 2,340 against (99.9046% approval)
Promoter Group: 0 votes (interested party, votes not counted)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,447,763 votes (99.9045% in favor)

Resolution 7 - Re-appointment of Whole Time Director Deepak Mathur

Total Votes: 23,929,817 in favor, 2,339 against (99.9902% approval)
Promoter Group: 21,480,556 votes (100% in favor)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,447,764 votes (99.9045% in favor)

Resolution 8 - Increase in Borrowing Limit

Total Votes: 23,931,791 in favor, 365 against (99.9985% approval)
Promoter Group: 21,480,556 votes (100% in favor)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,449,738 votes (99.9851% in favor)

Resolution 9 - Creation/Modification of Mortgage/Charge

Total Votes: 23,931,791 in favor, 365 against (99.9985% approval)
Promoter Group: 21,480,556 votes (100% in favor)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,449,738 votes (99.9851% in favor)

Resolution 10 - Increase in Managerial Remuneration Limit

Total Votes: 23,929,816 in favor, 2,340 against (99.9902% approval)
Promoter Group: 21,480,556 votes (100% in favor)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,447,763 votes (99.9045% in favor)

Resolution 11 - Employee Stock Option Scheme 2026

Total Votes: 23,931,317 in favor, 829 against (99.9965% approval)
Promoter Group: 21,480,556 votes (100% in favor)
Public Institutions: 1,497 votes (100% in favor)
Public Non-Institutions: 2,449,264 votes (99.9662% in favor)

Participation Breakdown by Shareholder Category

Promoter and Promoter Group

Shares Held: 21,480,556 (74.96% of total)
Votes Polled: 21,480,556 (100% participation)
Voting Method: Entirely through e-voting

Public Institutions

Shares Held: 47,232 (0.16% of total)
Votes Polled: 1,497 (3.1695% participation)
Voting Method: Entirely through e-voting

Public Non-Institutions

Shares Held: 7,126,073 (24.87% of total)
Votes Polled: 2,450,103 (34.3822% participation)
Voting Method: Primarily e-voting (2,448,049 votes) with minimal poll voting (2,054 votes)

Scrutinizer's Role and Findings

Awanish K Dwivedi, Proprietor of Awanish Dwivedi & Associates, Company Secretaries, was appointed as Scrutinizer by the Board of Directors in their meeting held on 27th July, 2026. The scrutinizer:

Monitored the electronic voting process through NSDL's secured link
Supervised the physical polling process during the AGM
Locked the ballot box after polling concluded
Opened and scrutinized poll papers on 11th September, 2026
Reconciled poll papers with records maintained by Registrar and Transfer Agents, M/s Alankit Assignments Limited
Downloaded e-voting details from NSDL website
Certified that no member who used remote e-voting cast votes again at the AGM
Confirmed all resolutions passed with requisite majority

The scrutinizer's report was signed on 14th September, 2026, and will remain in safe custody until the Chairman signs the minutes of the AGM.

Compliance Confirmation

The voting process and disclosure comply with:

Section 108 and 109 of the Companies Act, 2013
Rule 20 of the Companies (Management and Administration) Rules, 2014
Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

The document notes specific instances where promoter votes were not counted due to interest in certain resolutions:

Resolution 2 (Ms. Srishti Dhir appointment): Promoter group votes (21,480,556 shares) not counted
Resolution 6 (Mr. Madhav Dhir remuneration): Promoter group votes (21,480,556 shares) not counted
Resolution 5 (Mr. Ajay Virmani remuneration): 150,000 shares held by Mr. Virmani not counted