Notice of Postal Ballot / E-voting dated 24th October 2025. Dispatched todat i.e. 4th November 2025 for seeking consent of the memebrs of the Company for special business matters ..
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Triochem Products Ltd has sent a Postal Ballot notice (dated 24 October 2025, dispatched 4 November 2025) seeking shareholder approval for a Special Resolution to sell its non-core immovable properties and plant & machinery located in Maharashtra for an aggregate consideration of Rs. 11,81,05,471 (approximately Rs. 11.81 crore). The assets include 8 residential flats, an industrial plot with factory buildings at MIDC Ambernath, and plant & machinery. The buyers are M/s. G Amphray Laboratories (a partnership firm in which directors are partners) for Rs. 8.06 crore worth of assets, and Mr. Rajesh Ramu Deora (a Director and Promoter of the company) who is purchasing a 16th-floor flat at Phoenix Towers for Rs. 3.75 crore. Since the buyers are related parties, this constitutes a Material Related Party Transaction under Section 188 of the Companies Act, 2013 and SEBI Listing Regulations, requiring shareholder approval. Voting is open from 13 November to 12 December 2025 via remote e-voting (CDSL) and postal ballot, with results expected around 13-15 December 2025.
The transaction monetises idle non-core assets and the proceeds are intended to fund new business ventures and strategic initiatives. Because the buyers are related parties (directors and their family-controlled firm), minority shareholders should review the fairness of the valuation and the deployment plan for the Rs. 11.81 crore inflow; approval outcome may influence sentiment around related-party dealings at the company.