Chemfab Alkalis Limited has informed the Exchange regarding Notice of 16th Annual General Meeting to be held on September 12, 2025 at 10.00 AM
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Chemfab Alkalis has sent out the notice for its 16th Annual General Meeting to be held on Friday, September 12, 2025 at 10:00 AM through video conferencing. Key items on the agenda include adoption of the FY25 audited financial statements, reappointment of Mr. R. Mahendran (Director retiring by rotation), and declaration of a dividend of Rs. 1.25 per equity share (12.60%) on shares of Rs. 10 face value, with the record date set as September 5, 2025. Among the special business items, shareholders will vote on amending the company's ESOP scheme (CAESOS 2020) to increase the total options pool to 5,00,000 and revise the exercise price for future grants to the lower of Market Price minus 50% or Rs. 500. Other items include appointing Mr. Satish Narain Jajoo as Independent Director for 5 years, approving commission for non-executive directors capped at 11% of net profits, ratifying the cost auditor's remuneration of Rs. 190,000, and appointing M Damodaran & Associates LLP as secretarial auditor for five years from FY26 to FY30. The e-voting window opens on September 9, 2025 at 9:00 AM and closes on September 11, 2025 at 5:00 PM.
The Rs. 1.25 per share dividend provides a tangible cash return to shareholders and signals confidence in the company's profitability. The proposed ESOP amendments make stock options more attractive for employees through a deeper discount and faster vesting, which could dilute existing shareholders slightly if fully exercised but also indicates the company is focused on retaining talent.