Please find attached herewith the summary of proceedings of the 33rd Annual General Meeting of the Company held on Tuesday, 30th September, 2025 at 4.30 pm and concluded at 4.40 pm.
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Citichem India Limited held its 33rd AGM on 30th September 2025 at NSCI, Worli, Mumbai, from 4:30 PM to 4:40 PM. All four resolutions were approved by members with the required majority, including the adoption of audited financial statements for FY ending 31st March 2025 and the re-appointment of Mr. Hashim Arif Merchant as a director (retiring by rotation). Shareholders also approved an increase in authorised share capital from INR 7.5 crore to INR 12.5 crore, along with a corresponding change to the Memorandum of Association. A separate special resolution cleared the issuance of up to 47 lakh convertible warrants on a preferential basis to promoters and non-promoter entities. Remote e-voting was conducted via KFin Technologies between 27th and 29th September 2025, with Mr. Krishna Shyam Sundar Rathi acting as scrutinizer.
The authorised capital hike and warrant issuance signal a likely equity fundraise ahead, which could lead to dilution for existing shareholders but also bring fresh capital into the company. The brief 10-minute meeting and absence of any qualifications in audit reports suggest a routine, uncontested AGM with no major governance concerns.