Hindcon Chemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2025
HINDCON · price
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Hindcon Chemicals Limited has informed the exchange about its 27th Annual General Meeting scheduled for Tuesday, September 23, 2025, at 11:45 AM, to be held via video conferencing. The agenda includes adopting the audited financial statements for FY ending March 31, 2025 (turnover of ₹5,658.68 lakhs and net profit of ₹396.10 lakhs, both down from the previous year). Shareholders will also consider re-appointing Mr. Ramsanatan Banerjee as a director (retiring by rotation) and Mr. Sanjay Goenka as Chairman & Managing Director for another 5 years starting April 1, 2026, with a proposed monthly salary of ₹8,00,000. Additionally, Mr. Santosh Kumar Tibrewalla has been proposed as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30). E-voting will be available from September 20-22, 2025, with the cut-off date set as September 16, 2025.
The re-appointment of the promoter CMD (Mr. Goenka holds ~95.57 lakh shares) ensures management continuity but the high remuneration proposal during a year of declining profits and 'inadequate profits' may draw shareholder attention. Adoption of FY25 results — showing a fall in both turnover and net profit — and key management appointments will be the focal points for voting.