We hereby submit the proceedings of 68th AGM of the Company held on Tuesday, 12th August, 2025 at 11.00 a.m. through Video Conference / OAVM.
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Polychem Ltd held its 68th AGM on 12th August 2025 via video conferencing, lasting 33 minutes (11:00 AM to 11:33 AM). Chairman Mr. Tanil R. Kilachand presided over the meeting, which saw the induction of two new Independent Directors — Ms. Saloni A. Jhaveri and Mr. Rajan P. Vahi — following the end of tenure of two previous Independent Directors. Five ordinary resolutions were put to members, including adoption of FY25 standalone and consolidated financial statements, declaration of a dividend of Rs 20 per share (200% on face value of Rs 10), re-appointment of Mr. T.R. Kilachand as Director, appointment of M/s. Ragini Chokshi & Co. as Secretarial Auditors, and approval for paying up to 1% of net profits as commission to Non-Executive Directors for FY26–FY28. Remote e-voting was open from 8–11 August 2025 via NSDL, and combined voting results were to be announced within 48 hours.
Positive for shareholders — the 200% dividend (Rs 20/share) is a key cash reward, while board continuity is maintained through Mr. Kilachand's re-appointment. Voting results and any shareholder questions raised during the meeting are awaited, but no contentious items were flagged.