The Board at their meeting held today (14.05.2026) approved to incorporate a non-profit making company u/s 8 of the Companies Act, 2013 as the Wholly owned subsidiary of the Company; subject ....
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On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250 and 3.2 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Chemcrux Enterprises Ltd Board approved audited standalone and consolidated financial results for Q4 and FY ended March 2026, reviewed by Audit Committee with audit report from Naresh & Co. The Board recommended a final dividend of 10% (Rs. 1 per share) on Rs. 10 face value equity shares, subject to shareholder approval at the ensuing AGM. Additionally, the Board approved incorporation of a non-profit Section 8 company as a wholly-owned subsidiary to handle CSR activities on behalf of the company. The proposed WOS will have an authorised and paid-up share capital of Rs. 1,00,000 and will be a related party upon incorporation.
The dividend recommendation signals a modest return to shareholders while the new CSR-focused subsidiary could improve compliance efficiency. The related party status of the new WOS requires ongoing monitoring for potential transactions.