Lords Chloro Alkali: EGM Concludes with 4 Resolutions Passed
Lords Chloro Alkali Limited held its EGM on March 18, 2026, passing four resolutions. Key resolutions included the re-appointment of Ajay Virmani as MD for five years and approval of managerial remuneration. All resolutions passed with over 99.9% votes in favour.
The passing of resolutions related to management re-appointment and remuneration is a routine corporate governance event. While important for the company's operations, it has a medium-term impact on the company's strategic direction and financial performance.
All presented resolutions were passed with a significant majority, indicating shareholder confidence and approval of the company's decisions.
Lords Chloro Alkali Limited has announced the voting results and the Scrutinizer’s Report for its 1st Extra Ordinary General Meeting (EGM) of FY 2025-26, which was held on March 18, 2026. The meeting took place at the company's registered office in Alwar, Rajasthan.
Four resolutions were presented and passed during the EGM. These included the re-appointment of Shri Ajay Virmani as Managing Director for a further period of 5 years, effective from July 12, 2026. Additionally, resolutions concerning the approval of remuneration for Shri Ajay Virmani as Managing Director and for Shri Madhav Dhir as Whole Time Director were passed. The final resolution approved was the increase in the limit of managerial remuneration payable to the Managing Director and Whole Time Directors.
The voting was conducted through remote e-voting and a poll during the meeting. A total of 16,032,793 votes were polled, with 16,032,445 votes in favour and 348 votes against, resulting in all resolutions being passed with overwhelming support, exceeding the requisite majority. The record date for determining the shareholders eligible to vote was March 11, 2026. The Scrutinizer’s Report, dated March 20, 2026, confirmed the fair and transparent conduct of the voting process.
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Lords Chloro Alkali Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. 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.