Scrutinizer report & voting results already submitted through xbrl page is hereby submitted
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hindustan Organic Chemicals Ltd (HOCL) held its 64th Annual General Meeting on 26 September 2025 via video conferencing, where all 9 resolutions were passed with overwhelming shareholder approval (over 99.99% in favour on each). The AGM saw participation from the promoter (Government of India) and 42 public shareholders, with about 59.47% of outstanding equity shares being polled. Key items approved included the FY25 audited financial statements, appointment of two new independent directors (Shri Subodh Kumar and Shri Vinay Kumar Sharma), appointment of Ms Vandana as Government Nominee Director, ratification of cost auditor remuneration of Rs 50,000 plus GST for FY26, and appointment of a secretarial auditor for five years at Rs 63,750 per year (plus GST). The most consequential resolution was the reduction of paid-up capital by cancelling 27 crore preference shares of Rs 10 each already waived off by the Government of India, bringing equity share count down from 33.71 crore to 6.71 crore shares.
The capital reduction is a paperwork exercise reflecting the Government of India's earlier waiver of preference shares and will simplify HOCL's capital structure without affecting equity shareholders. All resolutions passed smoothly with near-unanimous support, signalling routine, uncontested governance with no material changes expected for retail shareholders.