Summary of 31st Annual General Meeting
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Kemistar Corporation held its 31st AGM on September 30, 2025 via video conferencing, with all directors and auditors present. The Chairman reported steady growth in revenue, operating profit, net profit, and basic EPS for FY 2024-25, and the Board recommended a final dividend of Rs. 0.30 per share. The Company highlighted its new recycling business, with a 27,000 MT/annum plant already set up in the first phase and consent to operate received from the Gujarat Pollution Control Board, covering e-waste, Li-ion battery, solar panel, and metal recycling. Key partnerships were mentioned with Reliance Industries, Solex Energy, and Electricity Board, with plans to expand capacity domestically and overseas, target critical and rare earth minerals, and pursue joint ventures. Shareholders approved all five resolutions, including adoption of financial statements, the dividend, reappointment of Ketankumar Patel as director, appointment of Rohit Periwal & Associates as Secretarial Auditor for five years, and reappointment of Falguni Patel as Independent Director.
The dividend declaration of Rs. 0.30 per share and unqualified audit reports signal stable financial health. The new recycling business and capacity expansion plans could drive future growth, but execution risk remains as the segment is still in early stages.