Kindly find enclosed herewith the Scrutinizer''s Report for the EGM of the Company held on Monday, 21st April, 2025.
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Chemtech Industrial Valves Limited held its 1st Extra-Ordinary General Meeting (EGM) on Monday, April 21, 2025, at 10:30 AM at its registered office in Thane. Out of 5,484 shareholders on the cut-off date, 39 attended (5 from promoter group and 34 from public). The key resolution was the re-appointment of Mrs. Manisha Lakhani (DIN: 08672773) as a Non-Executive Independent Director, which was passed with the requisite majority. A second resolution regarding authorization for the development of the Thane factory land also appears in the voting records but is referenced mainly through invalid poll votes. Total votes polled stood at 8,579,866 (about 47.83% of outstanding shares), with 8,296,366 votes (96.70%) in favour and 283,500 votes (3.30%) against the director appointment. Promoter group voted 100% in favour. Scrutinizer Mr. Shriram Imartey (FCS 5933) certified the results.
The re-appointment of Mrs. Manisha Lakhani as Independent Director strengthens board continuity and compliance with independent director requirements. The overwhelming approval (96.70% in favour) signals strong shareholder confidence and minimal dissent on governance matters. The Thane factory land development authorization, if approved, could unlock future value from the company's real estate assets.