To BSE Limited Corporate Relations Department, 1st Floor, New Trading Ring, P.J. Towers Dalal Street Mumbai-400001 Script Code: 531409 With reference to the captioned subject ....
Awaiting price reaction for this filing.
The board of Alchemist Corporation Ltd, at its meeting on September 5, 2025, approved several items. It re-appointed M/s. Sudhir K & Associates as Internal Auditors for FY 2025-26 and M/s. A. K Chaudhary & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30). The board also recommended appointing M/s. Krishan Rakesh & Co. as Statutory Auditors for a 5-year term, subject to shareholder approval at the upcoming AGM. Additionally, the board approved altering the Object Clause of the Memorandum of Association to expand the company's permitted business activities into software development, IT services, digital platforms, e-commerce, fintech, AI/ML, data centres, and related technology areas, subject to member approval. The 32nd AGM was scheduled for September 30, 2025, via video conferencing.
The auditor re-appointments signal business continuity with no governance disruption, while the proposed MOA alteration represents a significant strategic shift toward IT, software, and digital businesses alongside the existing real estate and commodities activities. This expansion into tech-focused verticals could open new revenue streams but also introduces execution risk given the very different nature of the new businesses. Shareholders will vote on the MOA change and statutory auditor appointment at the AGM.