Chemcon Speciality Chemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 11, 2025
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Chemcon Speciality Chemicals has called its 36th AGM on Thursday, September 11, 2025, at 11:30 a.m., to be held entirely through video conferencing. The cut-off date for e-voting eligibility is September 4, 2025, with remote e-voting running from September 8 to September 10, 2025. Routine business includes adopting the FY25 audited financial results and re-appointing a director who retires by rotation. Shareholders will also vote on ratifying the Cost Auditor's fee of ₹75,000, appointing a new Secretarial Auditor (M/s Rathod and Co.) for five years at ₹75,000 per year, and confirming the appointment of Mr. Neel Snehalkumar Shah as Independent Director for a five-year term starting August 5, 2025. The most material item on the agenda is a proposal to acquire the entire business of M/s Shivam Petrochem Industries — a promoter group partnership firm — through a slump sale for a total consideration of up to ₹100 crore.
The standout item is the proposed ₹100 crore related-party slump sale acquisition of promoter-group firm Shivam Petrochem Industries, which could expand the company's business operations and consolidate promoter holdings under one roof, though it may attract governance scrutiny given the related-party nature. The other items (auditor appointments, independent director appointment) are routine and unlikely to move the stock on their own.