IOL Chemicals and Pharmaceuticals Limited has informed the Exchange regarding Notice of undefined to be held on August 22, 2025
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IOL Chemicals and Pharmaceuticals has issued the notice for its 38th AGM, scheduled for Friday, August 22, 2025 at 11:30 AM, to be held through video conferencing. Shareholders will consider adoption of the audited standalone and consolidated financial statements for FY 2024-25, during which the company posted revenue of Rs. 2,079.21 crore (down from Rs. 2,132.79 crore) and profit after tax of Rs. 101 crore (down from Rs. 135.42 crore). Other items include the re-appointment of Mr. Abhiraj Gupta, who retires by rotation, and the re-appointment of Mr. Vikas Gupta as Joint Managing Director for a fresh 5-year term (May 29, 2025 to May 28, 2030) with a basic salary of Rs. 10.46 lakh per month plus perquisites and variable pay. Shareholders will also approve the appointment of M/s B.K. Gupta & Associates as Secretarial Auditor for five years and ratify the cost auditor's remuneration of Rs. 1.81 lakh for FY 2025-26. The e-voting window runs from August 19 to August 21, 2025, with a cut-off date of August 15, 2025.
This is a routine AGM notice with no surprise items — all proposals have already been approved by the Board. The most material item is the continuation of promoter executive Mr. Vikas Gupta as JMD with structured remuneration that can rise up to 25% per annum, which shareholders should review. The weak FY25 earnings (revenue and profits both declining) will likely come up for discussion but are already in the public domain.