Chembond Chemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 14, 2025
CHEMBONDCH · price
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Chembond Chemicals Limited (formerly Chembond Chemical Specialties Limited) has notified the stock exchanges about its 2nd AGM scheduled for Thursday, August 14, 2025 at 11:30 AM, to be held via video conferencing. The company, which is marking its 50th anniversary this year, has submitted its Annual Report for FY 2024-25 along with the AGM notice. Key items on the agenda include adoption of FY25 audited financials, declaration of a final dividend of Rs. 1.25 per share (25% on face value of Rs. 5), with the record date set as August 7, 2025. Shareholders will also vote on the re-appointment of Mr. Sameer V. Shah as director, appointment of Mr. Nirmal V. Shah as Chairman and Managing Director for 5 years (June 2025 to May 2030), appointment of Mr. Virendra G. Bhatt as Secretarial Auditor for a 5-year term, and approval of material related party transactions with subsidiaries and group companies aggregating roughly Rs. 150 crore. The company recently completed a strategic demerger of its Construction Chemicals and Water Technologies businesses from Chembond Material Technologies Limited.
The 25% final dividend provides a tangible return for shareholders, though investors should note that the company's 2nd AGM is happening because of the recent demerger and re-listing exercise, which means historical financials are restated. The related party transactions worth over Rs. 150 crore across promoter-linked entities (promoters hold 67.65%) and the re-appointment of the promoter as CMD are routine but worth monitoring. No negative signals emerge from the filing itself.