Chembond to Hold 50th AGM, Proposes Final Dividend, Key Board & Auditor Changes, New ESOP
The dividend proposal has a direct positive financial impact on shareholders. The changes in statutory and secretarial auditors, along with the appointment and re-appointment of directors (including one over 75 years of age), represent significant corporate governance actions. The approval of a new ESOP scheme for both company and subsidiary employees can affect future capital structure and employee motivation.
The announcement includes the proposal of a final dividend, re-appointment of key management personnel, appointment of new auditors, and the introduction of a new ESOP scheme, all of which are generally positive signals for shareholders and employee alignment.
Chembond Material Technologies Limited announced that its 50th Annual General Meeting (AGM) will be held on Thursday, August 14, 2025, at 3:00 p.m. (IST) via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The key agenda items for the AGM include: * To consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2025. * To declare a final dividend on equity shares for the financial year ended March 31, 2025. The Board has recommended a final dividend of ₹1.75 (Rupees One Rupee Seventy Five paisa only) per equity share of ₹5 each (35%) for FY 2024-25. If approved, the dividend will be paid on or after August 19, 2025, to eligible shareholders as of the record date, July 31, 2025. * To re-appoint Mr. Nirmal V. Shah as a Director, who retires by rotation. * To note and accept the resignation of M/s. S H B A & CO LLP as Statutory Auditors and appoint M/s. Kastury & Talati as the new Statutory Auditors for a period of five years, from the 50th AGM until the conclusion of the 55th AGM in 2030. * To appoint Mr. Virendra G. Bhatt as Secretarial Auditor for a term of five consecutive years, from FY 2025-26 till FY 2029-30. * To approve a remuneration of ₹1,21,000 (Rupees One Lakh Twenty One Thousand only) plus Goods and Services Tax for M/s. Aatish & Associates as Cost Auditor for the FY ending March 31, 2026. * To appoint Mr. Jaywant Tawade (DIN: 08231696) as a Director and Executive Director for a term of up to 3 consecutive years, effective May 31, 2025, including his continuation despite having attained the age of 75 years. * To approve the re-appointment of Mr. Sameer V. Shah (DIN: 00105721) as the Chairman and Managing Director for a term of up to 3 consecutive years, effective August 1, 2025. * To approve and implement the 'CHEMBOND Employee Stock Option Scheme 2025' (CHEMBOND ESOP 2025), allowing for the grant of up to 4,00,000 (Four Lakh only) Stock Options, constituting approximately 3% of the issued Equity Share Capital as on March 31, 2025, to eligible employees. * To extend the benefits of CHEMBOND ESOP 2025 to eligible employees of subsidiary/associate companies, also for up to 4,00,000 (Four Lakh only) Employee Stock Options within the overall ceiling. * To appoint Mr. Kamal Tandon (DIN: 09664746) as a Director and an Independent Director for a term of five years, commencing from July 16, 2025, up to July 15, 2030.
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Chembond Material Technologies Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Chembond Material Technologies Limited. Read the original for the full detail.