Chembond Material Technologies Limited has informed the Exchange about General Updates
CHEMBOND · price
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Chembond Material Technologies has submitted the resignation letters of two directors that were inadvertently missed in its earlier May 30, 2025 filing. Mr. Ashwin R. Nagarwadia (DIN: 00466681) resigned as Non-Executive Director effective end of May 30, 2025, citing advancing age. Mr. Nirmal V. Shah (DIN: 00083853) stepped down as Vice-Chairman and Managing Director on the same date to take on the CMD role at Chembond Chemical Specialties Ltd (the demerged entity), but continues as a Non-Executive Director at CMTL. The attached underlying board outcome also discloses strong audited FY25 consolidated results: revenue from operations rose to Rs. 201.30 crore (from Rs. 178.24 crore restated) and net profit jumped to Rs. 17.56 crore (from Rs. 11.18 crore restated), translating to an EPS of Rs. 13.06. A dividend of Rs. 1.75 per share (35%) has been recommended, and an ESOP scheme for 400,000 stock options was approved.
This is a routine compliance filing to complete disclosure of director resignations already effected. The director exits are part of the post-demerger restructuring and appear orderly. The embedded strong FY25 results (revenue up ~13%, profit up ~57% YoY) and a healthy 35% dividend are positive for shareholders.