Proceedings of 32nd AGM held on September 30, 2025
Awaiting price reaction for this filing.
Alchemist Corporation Limited held its 32nd AGM on September 30, 2025, via video conferencing, running from 4:00 PM to 4:18 PM — just 18 minutes. Seven resolutions were tabled: adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, reappointment of M/s Krishan Rakesh & Co as statutory auditors for a second 5-year term, appointment of three new directors (Mr. Surojit Bose and Ms. Manju Laur as independent directors, and Mr. Akshay Chaturvedi as non-executive non-independent director), reappointment of Mr. Arjit Sachdeva as Managing Director (special resolution), and alteration of the Object Clause of the Memorandum of Association (special resolution). Mr. Arjit Sachdeva chaired the meeting after the usual chairperson declined, and remote e-voting ran from September 26–29, 2025 via NSDL. Audit reports carried no qualifications, observations, adverse remarks, or disclaimers, and the voting results with scrutinizer's report will be filed separately.
The clean audit report is a positive governance signal, while the proposed alteration of the Object Clause suggests the company may be preparing to diversify or expand its permitted business activities. Multiple new board appointments indicate ongoing board restructuring, which shareholders should monitor once voting results and the scrutinizer's report are disclosed.