Notice of 29th AGM along with Annual Report 2024-25
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Awaiting price reaction for this filing.
Technichem Organics Limited has filed the notice for its 29th Annual General Meeting along with the Annual Report for FY2024-25 with BSE. The AGM will be held on Wednesday, 24th September 2025 at 12:00 noon through video conferencing (VC/OAVM), with e-voting facility provided by CDSL between 21st–23rd September 2025. Shareholders will vote on adopting the audited FY25 financial statements, re-appointing Managing Director Bharat J. Pandya (who retires by rotation), appointing M/s. B. K. Chavda & Co. as new statutory auditor for a 5-year term (replacing M/s. Devpura Navlakha & Co., at an audit fee of Rs. 1,25,000 for FY25-26), and approving a hike in remuneration of Whole-Time Director Piyush M. Nathwani from Rs. 21 lakh to Rs. 36 lakh per annum (~71% increase). The company is a specialty chemicals manufacturer that reported turnover of Rs. 46.39 crore in FY 2023-24 and cited high interest costs and market competition as reasons for inadequate profits.
This is a routine AGM filing, but shareholders should note the change in statutory auditor and the substantial salary revision for the Whole-Time Director (payable even in years of loss/inadequate profit). Neither item is likely to materially move the stock, though governance-focused investors may scrutinize both.