Archean Chemical Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 02, 2025
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Archean Chemical Industries has announced its 16th AGM to be held on Monday, June 02, 2025 at 10:00 a.m. via Video Conference / Other Audio-Visual Means. The cut-off date for e-voting eligibility is May 26, 2025, with remote e-voting open from May 30, 2025 (9:00 a.m.) to June 01, 2025 (5:00 p.m.). Key items on the agenda include: (1) adoption of audited standalone and consolidated financial statements for FY 2024-25, (2) declaration of a dividend of Rs. 3 per share on shares of face value Rs. 2 each (150%), with record date May 26, 2025 and payment by July 01, 2025, (3) re-appointment of Mr. S Meenakshisundaram (DIN: 01176085) as a director, retiring by rotation, (4) appointment of M/s. HVS & Associates as Secretarial Auditors for five consecutive years (FY 2025-26 to FY 2029-30) at a remuneration of Rs. 1,20,000 per year, and (5) approval of Rs. 1,20,000 remuneration for Mr. G Sundaresan as Cost Auditor for FY 2025-26.
Shareholders eligible as on May 26, 2025 will receive a 150% dividend (Rs. 3 per share on Rs. 2 face value), with payments dispatched by July 01, 2025. The AGM is procedural, but the dividend declaration and director re-appointment are the key items for shareholder voting, both expected to be routine approvals.