Outcome of Annual General Meeting held on 22 September 2025
LORDSCHLO · price
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Lords Chloro Alkali Limited held its 46th Annual General Meeting on September 22, 2025, at its registered office in Alwar, Rajasthan, from 11:30 AM to 1:15 PM. A total of 54 members attended the meeting in person, with Mr. Ajay Virmani (Managing Director) elected as Chairman of the Meeting since the company has no regular Chairman. Seven resolutions were tabled, including adoption of audited financial statements for FY 2024-25, reappointment of Ms. Srishti Dhir as Director, appointment of SSPK & Co. as Secretarial Auditor for 5 years, reappointment of Mr. Sandeep Singh as Independent Director for a second 5-year term, an increase in the company's borrowing limit under Section 180(1)(c), and approval to raise funds via Qualified Institutions Placement (QIP). Remote e-voting was conducted from September 18-21, 2025, and detailed voting results are to be submitted to the exchanges within two working days.
The special resolutions on QIP fund-raising and increased borrowing limit are the most material items for shareholders, as approval could lead to equity dilution or expanded debt capacity in the near term. The actual voting outcome, once disclosed, will determine whether these capital-raising plans can proceed.