Annual Report for FY 2024-25
Awaiting price reaction for this filing.
Alchemist Corporation has issued the notice for its 32nd AGM scheduled for September 30, 2025, via video conferencing. Key items on the agenda include adoption of the audited standalone and consolidated financial statements for FY 2024-25, re-appointment of M/s Krishan Rakesh & Co as statutory auditors for a second 5-year term (till FY 2029-30), and appointment of multiple directors — Mr. Surojit Bose and Ms. Manju Laur as Independent Directors, Mr. Akshay Chaturvedi as Non-Executive Non-Independent Director, and Mr. Arjit Sachdeva as Managing Director for 5 years at a remuneration of INR 3,00,000 per annum. A major proposal is the alteration of the Object Clause of the Memorandum of Association, effectively replacing the old business objects (Clause II A 1-10) with new objects focused on software development, IT services, e-commerce, fintech, AI/ML, data analytics, cloud infrastructure, BPO/KPO, and emerging technology businesses. This is a significant business pivot. E-voting facility is being provided through NSDL, with the remote voting window running September 26-29, 2025.
For shareholders, the most consequential item is the proposed change in business objects — if approved, this opens the door for the company to enter or expand into technology, digital, and IT services businesses, potentially reshaping its revenue mix and growth direction. The director appointments and re-appointment of auditors are routine governance matters and should not directly affect stock price in the near term, though the new Managing Director and revised board composition may influence strategy execution.