TECIL Chemicals and Hydro Power Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2025
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TECIL Chemicals and Hydro Power Limited has notified the exchanges about its 80th Annual General Meeting scheduled for Thursday, September 18, 2025 at 2:30 PM at The Palms Hotel, Chingavanam, Kottayam, Kerala. The agenda includes adopting the audited standalone financial statements for FY 2024-25, re-appointing Mr. Jeeben Varghese Kurian (Whole-time Director and CEO) who retires by rotation, and appointing M/s. JMACS & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30). Four special business items seek shareholder approval for material related party transactions, including an unsecured loan of up to Rs. 25 crores from Managing Director Mr. Varghese Kurian at 9% interest per annum for FY 2026-27 to FY 2028-29, salary payments to the Company Secretary (up to Rs. 35 lakhs) and CFO (up to Rs. 15 lakhs), and sitting fees (up to Rs. 5 lakhs) to Independent Directors for the same 3-year period. Remote e-voting via CDSL will be available from September 15-17, 2025, with the cut-off date set as September 11, 2025.
Shareholders should review the proposed related party transactions, especially the Rs. 25 crore loan from the Managing Director at 9% interest, as these require member approval. The AGM outcome on these resolutions will be routine and is unlikely to materially move the stock price barring any surprise announcements during the meeting.