Please find attached herewith the outcome of voting results at the AGM along with consolidated scrutinizer''s report.
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Citichem India Limited held its 33rd AGM on 30th September 2025 at 4:30 PM in Mumbai, where all four resolutions were approved with the requisite majority. Resolution 1 (ordinary) sought adoption of the audited financial statements for FY ending 31st March 2025, and Resolution 2 (ordinary) covered the re-appointment of Mr. Hashim Arif Merchant (DIN: 03015945) as a director, retiring by rotation — both passed with 100% of polled votes (40,18,500 shares, 59.10% of outstanding) in favour. Resolution 3 (ordinary) approved an increase in authorised share capital from INR 7.5 crore to INR 12.5 crore, also passing unanimously. Resolution 4 (special) approved the issuance of up to 47 lakh convertible warrants on a preferential basis to promoters and non-promoters; promoters abstained from voting on this item, with only 1.56% of outstanding shares voting, all in favour. Public non-institutional participation was thin, with only 1,06,000 public shares (~4% of the public float) cast in voting across resolutions.
Routine resolutions (financials, director re-appointment, and authorised capital hike) face no shareholder opposition, signalling stable governance. The approved preferential warrant issue of up to 47 lakh shares is potentially dilutive to existing public shareholders if fully converted, warranting attention to the issue price and dilution quantum when announced.