Please find attached herewith the outcome of the EGM held on Monday, 15 December, 2025.
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Citichem India Limited held its Extra-Ordinary General Meeting on Monday, 15 December 2025, at 11:00 AM at Imperial Lounge (NSCI), Mumbai. Five shareholders attended the meeting, which lasted just 5 minutes. The single item of special business — issuing up to 47,00,000 (4.7 million) warrants convertible into equity shares on a preferential basis to promoters and non-promoters — was approved by members with the requisite majority through a combination of remote e-voting (conducted by KFin Technologies) and venue voting. Mr. Krishna Shyam Sundar Rathi of Krishna Rathi & Associates acted as the scrutinizer for the voting process. The detailed voting results and scrutinizer's report are to be submitted to BSE within the regulatory timeline. The meeting was chaired by Managing Director Mr. Arif Esmail Merchant, along with Executive Director Mr. Hashim Arif Merchant and Independent Director Ms. Valentina Priyanka Creado.
The approval paves the way for Citichem India to raise fresh capital by issuing up to 47 lakh convertible warrants to promoters and outside investors, which will lead to dilution of existing shareholders once these warrants are exercised. Stock price may react based on the issue price and the identity of allottees, which will be known once the voting results and scrutinizer's report are filed.