Meeting Details
The 26th Annual General Meeting was held on Monday, 27th July 2026 at 02:30 P.M. through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting concluded at 04:04 P.M., including time allowed for e-voting at the AGM.
Attendance
A total of 65 members attended the meeting. All Directors, Statutory Auditors, Secretarial Auditors, and the Scrutinizer were present. Dr. Mukul G. Asher, Chairman of the Board of Directors, chaired the meeting.
Resolutions Considered
The following resolutions from the Notice of AGM dated 27th July 2026 were tabled:
Ordinary Business
1. Adoption of the Audited Financial Statements (including Consolidated Financial Statements) for the financial year ended 31st March 2026 and Reports of Board of Directors and Auditors
2. Declaration of Dividend of ₹1.30 per equity share
3. Appointment of Dr. Suresh Ramachandran, who retired by rotation and offered himself for re-appointment
Special Business
4. Reappointment of Mr. N. Sivaraman as an Independent Director with effect from 1st September 2026 for a second term of three years
5. Appointment of Mr. Anand Mohan Tiwari as an Independent Director with effect from 31st August 2026 for a term of two years
6. Appointment of Mr. Chetan Shah (presently Managing Director) as a Non-Executive Non-Deputy Managing Director to the position of Managing Director with effect from 1st September 2026
8. Payment of advisory fees, commission and sitting fees to Mr. Chetan Shah for one year period from 1st September 2026
9. Approval for material related party transactions entered into and proposed to be entered into with Sumitomo Chemical Company, Limited during Financial Year 2026-27
10. Ratification of remuneration of M/s. GMVP & Associates LLP, the Cost Auditors
Voting Process
The Board of Directors appointed Mr. Kamalax G. Saraf and failing him Mr. Mandar K. Saraf as Scrutinizers to supervise the e-voting process. Members were provided facility to cast votes electronically on all resolutions and to ask questions through VC.
Compliance Statement
The meeting was held in compliance with General Circulars issued by the Ministry of Corporate Affairs and applicable provisions of the Companies Act, 2013 and rules made thereunder, as well as SEBI regulations. The Chairman confirmed that the company made all feasible efforts to enable member participation and voting.
Additional Information
The voting results (remote e-voting and e-voting at AGM) along with the Scrutinizer's Report will be disseminated to the exchanges and placed on the company's website in due course.