Lords Chloro Alkali: EGM Voting Results Approved for MD Re-appointment & Remuneration
Lords Chloro Alkali Limited's EGM on March 18, 2026, saw all four resolutions pass with strong shareholder support. Key approvals include the re-appointment of Ajay Virmani as MD for five years from July 12, 2026, and the approval of remuneration for both Ajay Virmani and Madhav Dhir.
The re-appointment of the MD and approval of remuneration are significant for the company's leadership stability and operational direction, which can have a medium-term impact on the company's performance and investor confidence.
The announcement details the successful passing of all resolutions at the EGM, including key appointments and remuneration approvals, indicating positive corporate governance and operational continuity.
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, at the company's registered office in Alwar, Rajasthan.
Four resolutions were considered 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 July 12, 2026, and the approval of his remuneration. Additionally, resolutions were passed for the payment of remuneration to Shri Madhav Dhir as Whole Time Director and for an increase in the overall limit of managerial remuneration.
The meeting saw the participation of 42 public shareholders in person or through proxy. Voting was conducted through remote e-voting and poll. The Scrutinizer's Report confirms that all resolutions received overwhelming support, with over 99.97% of the polled votes in favour for each resolution. Notably, for Resolution 3 concerning Shri Madhav Dhir's remuneration, the votes of certain promoter and promoter group shareholders (holding 60,01,420 shares) were not counted as they were interested parties.
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Lords Chloro Alkali Limited filed this with the NSE as a statutory disclosure, categorised under egm. 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.