Lords Chloro Alkali Approves Q3 FY26 Results, Allots 35 Lakh Equity Shares
Lords Chloro Alkali approved Q3 FY26 results and allotted 35 lakh equity shares worth ₹42.70 crore via warrant conversion. Mr. Ajay Virmani was re-appointed Managing Director for 5 years from July 12, 2026. An EGM is scheduled for March 18, 2026.
The allotment of equity shares and re-appointment of the Managing Director are significant corporate actions that could impact the company's capital structure and governance. The financial results also provide an update on performance.
The company reported financial results and approved the allotment of equity shares, which increases the paid-up capital and is a positive development. The re-appointment of the Managing Director also indicates stability.
Lords Chloro Alkali Limited announced the outcome of its Board Meeting held on February 9, 2026. The board approved the un-audited Financial Results for the Third Quarter and Nine months ended December 31, 2025, along with the Limited Review Report.
Furthermore, the company approved the allotment of 35,00,000 equity shares upon the conversion of 35,00,000 warrants. These warrants were issued at an issue price of ₹122 each, aggregating to ₹42,70,00,000. The allotment was made on a preferential basis to individuals and entities in the "Promoter and Non-Promoter Category," including Mrs. Maneesha Dhir, Mr. Madhav Dhir, Ms. Srishti Dhir, Mrs. Snigdha Dhir, Mr. Ajay Virmani, M/s My Money Credits Private Limited, and M/s Mehak Infracon Private Limited.
Following this conversion, the company's paid-up equity share capital increased from 2,51,53,861 Equity Shares to 2,86,53,861 Equity Shares. The newly allotted shares will rank pari-passu with the existing equity shares.
In other key decisions, the Board approved the re-appointment of Mr. Ajay Virmani as Managing Director for a further term of 5 years, effective July 12, 2026, subject to member approval at the ensuing EGM. The board also approved the payment of remuneration to Mr. Ajay Virmani and Mr. Madhav Dhir, and an increase in the limit of managerial remuneration, all subject to shareholder approval. Additionally, the Board approved the initiation of the ESOP process.
The company also announced that its Extra Ordinary General Meeting (EGM) is scheduled to be held on Wednesday, March 18, 2026. The board meeting commenced at 4:00 PM and concluded at 6:20 PM.
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Lords Chloro Alkali Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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 Lords Chloro Alkali Limited. Read the original for the full detail.