Archean Chemical Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 02, 2025
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Archean Chemical Industries held its 16th Annual General Meeting on June 2, 2025 via video conferencing, lasting 35 minutes (10:00 AM to 10:35 AM). All five resolutions were passed with the requisite majority. These include adoption of audited standalone and consolidated financial statements for FY25, declaration of a final dividend of Rs. 3 per share (150% on face value of Rs. 2) for FY ended March 31, 2025, re-appointment of Mr. S Meenakshisundaram (DIN: 01176085) as director retiring by rotation, appointment of M/s. HVS & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30), and ratification of Rs. 1,20,000 remuneration for Cost Auditor Mr. G Sundaresan for FY 2025-26. Voting was overwhelmingly in favour across all resolutions, with the director re-appointment seeing the highest dissent at about 0.70% of polled votes; all others received 99.99%+ support.
The 150% final dividend (Rs. 3 per share) is a clear positive for shareholders, rewarding them generously for FY25. The near-unanimous approval of all resolutions signals strong shareholder confidence and smooth governance, with no contentious issues raised. As a routine post-AGM compliance filing, it is unlikely to cause significant stock price movement on its own.