Notice of the 32nd Annual General Meeting and Annual Report of FY 2024-25
Awaiting price reaction for this filing.
Alchemist Corporation Limited has called its 32nd Annual General Meeting on September 30, 2025, at 4:00 PM via video conferencing. Shareholders will consider adopting the audited standalone and consolidated financial statements for FY ended March 31, 2025, and re-appoint M/s Krishan Rakesh & Co as statutory auditors for a second 5-year term (till FY 2029-30). The meeting also includes several board changes: appointment of Mr. Arjit Sachdeva as Managing Director (5 years, remuneration of INR 3,00,000 per annum), Mr. Surojit Bose and Ms. Manju Laur as Independent Directors (5-year terms each), and Mr. Akshay Chaturvedi as a Non-Executive Director. Importantly, the company is seeking shareholder approval to completely alter its Object Clause in the Memorandum of Association, shifting its core business from current activities to software development, e-commerce, digital platforms, AI/ML, fintech, IT consulting, data centres, and emerging technology research.
This is a major transformation filing. The Object Clause change represents a fundamental pivot of the company into technology, AI, and e-commerce businesses, and combined with a new Managing Director and references to a Share Purchase Agreement for some appointments, it signals a likely change in ownership and a complete business reorientation. Shareholders should review the new business directions carefully as approval will allow the company to operate in entirely new sectors.