Lords Chloro Alkali Limited has informed the Exchange about Shareholders meeting
LORDSCHLO · price
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Lords Chloro Alkali Limited held its 46th Annual General Meeting on September 22, 2025, at 11:30 AM at its registered office in Alwar, Rajasthan, with 54 members attending in person. Mr. Ajay Virmani, Managing Director, was elected to chair the meeting in the absence of a regular Chairman. Ordinary business included adoption of FY25 audited financial statements and reappointment of Ms. Srishti Dhir as Director retiring by rotation. Special business items included ratification of Cost Auditors' remuneration for FY26, appointment of SSPK & Co. as Secretarial Auditor for a 5-year term, and reappointment of Mr. Sandeep Singh as Independent Director for a second 5-year term. Two capital-raising related special resolutions were tabled: an increase in the borrowing limit under Section 180(1)(c) of the Companies Act, and approval to raise funds via Qualified Institutions Placement (QIP) through equity shares or other eligible securities. Remote e-voting ran from September 18-21, 2025, and voting results from the scrutinizer will be filed with NSE/BSE within two working days.
The QIP proposal and higher borrowing limit, if passed, suggest the company may be preparing to raise fresh capital, which could dilute existing shareholders but also fund expansion or strengthen the balance sheet. Investors should monitor the voting outcome closely, as shareholder approval of these resolutions will signal appetite for equity dilution and additional debt.