Lords Chloro Alkali to Hold EGM on March 18, 2026, for Director Re-appointments and Remuneration Approval
Lords Chloro Alkali will hold an EGM on March 18, 2026. Key agenda items include re-appointing Ajay Virmani as MD for 5 years from July 12, 2026, and approving his and Madhav Dhir's (Whole-Time Director) remuneration. Both are proposed to receive a minimum of ₹1.50 crore annually plus performance incentives.
The re-appointment of key managerial personnel and approval of their remuneration are significant governance matters that can impact future strategic decisions and operational performance.
The announcement is a routine corporate event (EGM notice) for re-appointments and remuneration approval, with no immediate positive or negative financial implications stated.
Lords Chloro Alkali Limited has announced the convening of an Extra Ordinary General Meeting (EGM) scheduled for Wednesday, March 18, 2026, at 11:30 AM at its registered office in Alwar, Rajasthan. The primary agenda items include 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, the EGM will seek member approval for the payment of remuneration to Shri Madhav Dhir as Whole-Time Director and for an increase in the overall limit of managerial remuneration for all directors.
The re-appointment of Shri Ajay Virmani is proposed for a five-year term starting July 12, 2026. His remuneration package includes a minimum fixed annual remuneration of ₹1.50 crore, along with potential special allowances, performance bonuses, and incentives based on the company's Earnings Before Depreciation and Taxes (EBDT) for the period April 1, 2026, to March 31, 2027.
Similarly, Shri Madhav Dhir's remuneration as Whole-Time Director is proposed at a minimum fixed annual amount of ₹1.50 crore for the same period, with similar performance-linked incentives based on EBDT. The company is also seeking approval to increase the overall managerial remuneration limit to potentially exceed 11% of the company's net profit for all directors, with specific percentages outlined for different scenarios.
The cut-off date for determining eligible members for e-voting is March 11, 2026. Remote e-voting will be open from March 14, 2026 (9:00 AM) to March 17, 2026 (5:00 PM). Instructions for e-voting are detailed in the notice, which is also available on the company's website.
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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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