Chembond Material Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 14, 2025
CHEMBOND · price
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Chembond Material Technologies has informed the exchanges that its 50th Annual General Meeting will be held on Thursday, August 14, 2025, at 3:00 p.m. through video conferencing, alongside the submission of its 50th Annual Report for FY 2024-25. Key business items include adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025, and declaration of a final dividend of ₹1.75 per equity share (35%) on shares of ₹5 face value, with the record date set as July 31, 2025 and payment expected on or after August 19, 2025. The agenda also covers several governance changes: acceptance of the resignation of statutory auditor M/s. S H B A & CO LLP and appointment of M/s. Kastury & Talati for a 5-year term (2025-2030), re-appointment of Mr. Sameer V. Shah as Chairman and Managing Director for 3 years, and appointment of Mr. Jaywant Tawade and Mr. Kamal Tandon to the board. Shareholders will also vote on a new 'CHEMBOND ESOP 2025' scheme allowing up to 4,00,000 stock options (about 3% of issued equity capital) for employees of the company and its subsidiaries.
Routine procedural filing for the AGM, but the ₹1.75 dividend (record date July 31, 2025) is income-relevant for shareholders. The proposed ESOP 2025 could lead to mild equity dilution (up to ~3%), and the auditor change plus top management re-appointments are governance items for shareholders to review before voting.