Transchem 49th AGM: pivot to financial services, Greshma acquisition completed

Transchem held its 49th AGM on Sept 5, 2026 via video conferencing. Three resolutions were passed: adoption of FY26 audited financials, re-appointment of Whole-time Director Mahesh Rananavre (retiring by rotation), and approval of material related party transactions with Crest Ventures. The Chairperson highlighted a strategic pivot to financial services: MOA amended, authorised capital raised from Rs 30 cr to Rs 75 cr, warrants issued at Rs 75 each with 25% upfront received, and the acquisition of Greshma Shares & Stocks (a SEBI-registered stock broker) completed. FY26 revenue from operations was Nil (vs Rs 263.04 lakhs); PAT stood at Rs 429.51 lakhs on total assets of about Rs 87.73 cr with no borrowings.