Extra Ordinary General Meeting of the Company is scheduled to be held on Monday, 1st September, 2025 at 10.30 a.m. through Video Conference / OAVM.
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Polychem Ltd has called an Extra-Ordinary General Meeting on 1st September 2025 at 10:30 a.m. via video conference. The single agenda item is to seek shareholder approval for disposing (by sale or assignment) the land and building of its material subsidiary, Gujarat Poly Electronics Limited (GPEL), located at Plot No. B-18, Gandhinagar Electronic Estate. The approval is being sought under Regulation 24(6) of SEBI LODR Regulations, which mandates shareholder consent for disposal of a material subsidiary. The EGM notice will be sent to shareholders separately and filed with the stock exchange.
Shareholders will vote on selling a key real estate asset of a material subsidiary, which could free up capital but also reduce the group's operational footprint. The outcome may affect the company's asset base and future earnings profile.