Krishana Phoschem Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 02, 2025
KRISHANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Krishana Phoschem has notified that its 21st AGM will be held on Tuesday, September 02, 2025 at 04:30 PM via video conferencing. Shareholders will vote on adopting FY25 audited financials, declaring a dividend of Rs 0.50 per share (5%) on equity shares of Rs 10 each, and re-appointing Pankaj Ostwal as a director. Special business items include revising the Managing Director Praveen Ostwal's remuneration (salary up to Rs 4 crore per annum plus 2% commission on total sales), approving fund-raising of up to Rs 1,000 crore through equity shares, GDRs, ADRs, FCCBs or QIP, and allowing lenders to convert outstanding loans into equity. Shareholders will also approve material related party transactions with Ostwal Phoschem (India) (up to Rs 1,400 crore), Madhya Bharat Agro Products (up to Rs 1,400 crore), and Shri Ganpati Fertilizers (up to Rs 500 crore), along with ratifying cost auditor remuneration and appointing a new secretarial auditor for five years.
The Rs 0.50 per share dividend is small but signals stable cash flows. The Rs 1,000 crore fund-raising and lender loan-to-equity conversion clause carry dilution risk, while large related party transaction limits with group companies could raise governance concerns for minority shareholders.