Chembond Chemicals Limited has informed the Exchange regarding Proceedings of 2nd Annual General Meeting held on August 14, 2025
CHEMBONDCH · price
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Chembond Chemicals held its 2nd Annual General Meeting on August 14, 2025, via video conferencing, commencing at 11:30 AM and concluding at 12:20 PM. Mr. Nirmal V. Shah, Chairman & Managing Director, chaired the meeting, with the required quorum present. Six resolutions were transacted, including adoption of the standalone and consolidated audited financial statements for FY ended March 31, 2025, and declaration of a final dividend of Rs. 1.25 per share (including a special dividend of Rs. 0.50 per share). Other resolutions covered the reappointment of Mr. Sameer V. Shah (retiring by rotation), appointment of Mr. Virendra Bhatt as Secretarial Auditor, approval of material related party transactions, and appointment of Mr. Nirmal V. Shah as Chairman & Managing Director (special resolution). Remote e-voting was open from August 11 to August 13, 2025, and 7 members registered as speakers with 4 actively participating. The scrutinizer's report and voting results are to be declared within two working days.
The Rs. 1.25 per share dividend (including a Rs. 0.50 special dividend) is a positive cash return for shareholders. Continuation of Mr. Nirmal V. Shah as Chairman & Managing Director signals leadership stability, while the related party transactions approval is a routine governance matter. Voting results pending within 2 working days may prompt minor stock movement.