Chemfab Alkalis Limited has informed the Exchange regarding Resignation of Mr Mr C S Ramesh as Non- Executive Director of the company w.e.f. July 31, 2025.
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Chemfab Alkalis announced four board decisions from its July 31, 2025 meeting. The board allotted 4,000 equity shares at Rs. 97.83 per share under the CAESOS 2020 ESOP scheme, raising paid-up share capital to Rs. 14,36,77,020 (1,43,67,702 shares). It also approved amendments to the ESOP scheme, increasing the options pool from 4,00,000 to 5,00,000 and revising the exercise price formula. Mr. C. S. Ramesh (Non-Executive and Non-Independent Director, DIN: 00019178) resigned citing personal reasons, effective close of business on July 31, 2025. The Audit, Nomination & Remuneration, CSR, and Stakeholders Relationship committees have been reconstituted following his exit.
The resignation is from a non-independent, non-executive role due to personal reasons, so direct governance impact is limited. The ESOP allotment is small (4,000 shares) and unlikely to affect share price meaningfully, though the expanded ESOP pool and revised exercise pricing could increase future dilution potential.