To BSE Limited Corporate Relations Department 1st Floor, New Trading Ring P.J. Towers Dalat Street Mumbai-400001 Script Code: 531409 Subject: Outcome of Board Meeting Dear ....
Awaiting price reaction for this filing.
Alchemist Corporation's board approved the re-appointment of Sudhir K & Associates as Internal Auditors and A.K Chaudhary & Associates as Secretarial Auditors (for 5 years till FY 2029-30). The board also recommended appointing Krishan Rakesh & Co. as Statutory Auditors for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval at the upcoming AGM. The company will hold its 32nd AGM on September 30, 2025, via video conferencing. Notably, the board approved a major alteration of the Object Clause of the Memorandum of Association, expanding the company's business scope from traditional areas like real estate, agriculture, and commodity trading to technology-focused areas including software development, AI/ML, e-commerce platforms, fintech solutions, IT consulting, BPO/KPO services, data centres, and digital marketing — subject to member approval.
This is largely routine governance housekeeping (auditor re-appointments and AGM logistics) with no material impact on the stock. However, the proposed MOA overhaul signals a potential strategic pivot toward IT, software, and digital businesses, which investors should watch as it could reshape the company's future revenue mix once member approval is secured.