The 64th AGM Notice of HOCL is hereby submitted
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Hindustan Organic Chemicals Ltd (HOCL) has issued the notice for its 64th AGM, scheduled for Friday, 26th September 2025 at 3:30 PM via video conferencing. Shareholders will vote on nine items, including adoption of FY25 audited accounts, appointment/re-appointment of directors, ratification of auditor remuneration, and appointment of a new secretarial auditor. The most material item is a proposal to reduce paid-up capital from Rs. 337.17 crore to Rs. 67.17 crore by cancelling 27 crore preference shares of Rs. 10 each that have already been waived off by the Government of India, subject to NCLT confirmation. Three director changes are also on the agenda — appointment of two non-official independent directors (Shri Subodh Kumar for 3 years and Shri Vinay Kumar Sharma for 1 year) and Ms Vandana as Government Nominee Director for 3 years in place of Shri Kanish Kant Srivastava. The remote e-voting window runs from 23rd to 25th September 2025, with the cut-off date set for 19th September 2025.
The AGM is largely procedural, but Item 9 on capital reduction is notable — it cancels preference shares already waived by the Government of India (HOCL's promoter) and would lower the company's paid-up capital base, which could affect per-share metrics going forward. All director appointments are government-nominated, so no change in board control. No expected immediate impact on retail shareholders' voting or dividend.