Acutaas Chemicals Ltd

Director re-appointments

• Ram Mohan Lokhande re-appointed Whole Time Director for five years from Feb 8, 2027 to Feb 7, 2032.
• Remuneration for Lokhande's re-appointment approved.
• Anita Bandyopadhyay re-appointed Non-Executive Independent Director for five years from Feb 8, 2027 to Feb 7, 2032.
• Remuneration for Bandyopadhyay's re-appointment approved.
• Disclosures: Lokhande not related to other directors; Bandyopadhyay not related.
• Neither director is debarred by SEBI or authorities.

AGM details

• AGM date: 24 September 2026.
• Mode: VC/OAVM.
• Time: 11:30 A.M.
• Remote e-voting window: 21–23 September 2026.
• Voting cut-off date: 17 September 2026.

Resolutions and outcomes

• Resolution 1: Adoption of audited financial statements; ordinary; passed.
• Resolution 2: Final dividend of 50% (Rs 2.50 per share); ordinary; passed.
• Resolution 3: Re-appointment of director for five-year term; ordinary; approved.
• Resolution 4: Ratification of remuneration of Cost Auditors for 2026-27; ordinary; passed.
• Resolution 5: Reappointment of Ram Mohan Lokhande as Whole-Time Director; ordinary; passed.
• Resolution 6: Anita Bandyopadhyay reappointed as Independent Director for second term; special; passed.
• Resolution 7: ESOP grant to subsidiary employees; special; not passed.
• Resolution 8: Approval to advance loan/guarantee under section 185; special; passed.
• Resolution 9: Material related party transactions with subsidiary approved; ordinary; passed.

Dividend

• Final dividend approved: 50% (Rs 2.50 per equity share).

Director changes

• Lokhande appointed as Whole-Time Director; remuneration approved.
• Anita Bandyopadhyay reappointed as Independent Director for second five-year term.
• Other director reappointment for five-year term; approved.

Auditors

• Remuneration of Cost Auditors ratified for 2026-27.
• No change in statutory auditor.

Material related party transactions

• Approval of material related party transactions with subsidiary; no monetary value disclosed.

ESOP outcome

• ESOP grant to subsidiary employees not passed.

Acquisition details

• Target: Enchem Ami Organics Private Limited, a Specialty Chemicals private company in India.
• Authorized capital Rs 1,00,000; Paid-up capital Rs 1,00,000.
• Related party: EAOPL is a step-down subsidiary promoted by ACEPL, Acutaas subsidiary.
• Industry: Specialty Chemicals.
• Rationale: Convert EAOPL into direct wholly owned subsidiary aligned with core business.
• Regulatory approvals: Not applicable.
• Timeline: Completion within one month, subject to formalities.
• Consideration: Cash Rs 1,00,000.
• Acquisition mechanism: Transfer of EAOPL shares from ACEPL to Acutaas at Rs 10 per share, arm's length.
• Shareholding: 100% of EAOPL equity (10,000 shares).
• Background: Incorporated June 6, 2024; step-down subsidiary; turnover history not disclosed.

AGM Details

• AGM held on 24 September 2026 at 11:30 IST via video conference.
• Record date for the meeting: 17 September 2026.
• Remote e-voting window: 21–23 September 2026.

Key Resolutions

• Adopt audited financial statements for FY 2025-26.
• Re-appoint Chetankumar Vaghasia by rotation.
• Declare final dividend for FY 2025-26.
• Ratify remuneration of Cost Auditors for FY 2026-27.
• Re-appoint Ram Mohan Lokhande as Whole-Time Director with remuneration.
• Re-appoint Anita Bandyopadhyay as Non-Executive Independent Director for second term.
• Grant ESOPs to subsidiary employees under Ami Organics ESOP Scheme 2023.
• Approve loan/guarantee/security under section 185.
• Approve material related party transactions with Acutaas Electrolytes Private Limited.

Voting Status

• Voting results to be announced and posted on the website within two working days.

Dividend Details

• Final dividend declared for FY 2025-26.

Director Changes

• Chetankumar Vaghasia reappointed by rotation.
• Anita Bandyopadhyay reappointed for second five-year term.
• Ram Mohan Lokhande reappointed as Whole-Time Director; remuneration approved.

Auditors

• Statutory auditors attended; no change announced; cost auditor remuneration ratified.

Material Related Party Transactions

• Approval of material RPT with subsidiary Acutaas Electrolytes Private Limited.

Other Material Approvals

• Grant of ESOPs under Ami Organics ESOP Scheme 2023.

Meeting Details

• Category: Analyst / Investor Meet for Acutaas Chemicals Ltd.

Issuer Context

• Issuer: Acutaas Chemicals Ltd; Scrip code 543349.

Acutaas Chemicals Ltd – Closure of Trading Window

Patent grant

• Patent granted for 'A PROCESS FOR PREPARING 2,4-DIMETHYLTHIOPHENOL' for 20 years from Sept 21, 2017.
• Term starts from filing date Sept 21, 2017.
• Indigenously developed at Acutaas R&D Centre.
• Total patents granted to Acutaas now stand at 11.
• Date of grant: September 10, 2026.

Dividend proposal and TDS framework

• Board recommends dividend of Rs 2.50 per share for FY2025-26, subject to AGM approval.
• AGM to approve dividend on 24 September 2026; record date 17 September 2026.
• Dividend payable after AGM approval, with TDS deduction at source on dividend payments.
• Resident TDS: 10% with PAN; 20% if PAN not provided; Aadhaar linkage required.
• Resident individuals may be exempt if TY 2026-27 dividend <= Rs 10,000 and Form 121 submitted.
• Other resident non-individuals may claim exemptions with specific declarations (insurance, mutual funds, AIF, NPS, etc.).
• Non-resident TDS: 20% plus surcharge/cess, or treaty rate with certificate; 35% if PE in India.
• Documents for treaty benefits to be submitted by 15 September 2026; upload via MUFG link.
• Dividend payments to be made electronically; update PAN, Aadhaar, email, and mobile with RTA.
• Company not obligated to apply treaty rates; eligibility reviewed on submission of documents.

Record date and dividend details

• Security: equity shares of Acutaas Chemicals Limited.
• Record date: Thursday, 17 September 2026.
• Dividend: 50% (Rs 2.50 per equity share of Rs 5).
• Purpose: entitlement to Final Dividend for FY 2025-26.
• AGM date for declaration: 24 September 2026.
• Payment: within 30 days of declaration, subject to TDS.
• Dividend payable only if approved by shareholders at the AGM.