TECIL Chemicals and Hydro Power Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2025
TECILCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TECIL Chemicals and Hydro Power Limited has issued the notice for its 80th Annual General Meeting, scheduled for Thursday, September 18, 2025, at 2:30 PM at The Palms Hotel, Chingavanam, Kottayam, Kerala. Shareholders will vote on adopting the audited financial statements for FY 2024-25 and re-appointing Mr. Jeeben Varghese Kurian as Whole-time Director and CEO, who is retiring by rotation. Other items include appointing M/s. JMACS & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30) and approving several material related-party transactions. Key among these is an unsecured loan of up to Rs. 25 crore at 9% per annum from Managing Director Mr. Varghese Kurian for FY 2026-27 to FY 2028-29, along with salary approvals for the Company Secretary (up to Rs. 35 lakhs) and CFO (up to Rs. 15 lakhs). Remote e-voting will run from September 15-17, 2025, with the cut-off date set for September 11, 2025.
This is a routine AGM notice and is unlikely to move the stock on its own. However, the proposal for a Rs. 25 crore promoter loan at 9% interest suggests the company may be relying on promoter funding for working capital, which shareholders should factor in. Approval of related-party transactions will require shareholder votes, and outcome will be known after the AGM.