At 29th AGM, shareholders have approved continuation of term of appointment of following Directors: 1. Mr. Girishkumar Shah (DIN: 00469291) 2. Mr. Sanjay Marathe (DIN: 01316388) 3. Mr. ....
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Chemcrux Enterprises informed the stock exchange about approvals passed at its 29th AGM held on 24th September 2025. Shareholders approved the continuation of three directors beyond age thresholds: Executive Chairman Girishkumar Shah (age 69, promoter, 36.46% stake) and Managing Director Sanjay Marathe (age 68, promoter, 36.46% stake) until age 70, and Independent Director Bhanubhai Patel (age 74) until age 75. Members also appointed M/s. KSPS & Co. LLP as Secretarial Auditors for a 5-year term from FY 2025-26 to FY 2029-30. Additionally, the Authorised Share Capital was increased from Rs. 15 crore to Rs. 20 crore, with a corresponding amendment to the Memorandum of Association. The company also received approval for the ESOP 2025 Scheme covering 20 lakh stock options for eligible employees.
This is largely a routine AGM housekeeping update with no negative signals. The capital increase and ESOP scheme indicate the company is preparing for future fundraising or expansion, though no immediate dilution has occurred. Promoter stability remains intact with both key promoters continuing their leadership roles.