AksharChem appoints Devalkumar Suthar as Whole Time Director
AksharChem (India) Limited secured shareholder approval to appoint Mr. Devalkumar Indrabal Suthar as Whole Time Director (Executive) via a remote e-voting process. The special resolution passed with 99.99% of valid votes in favour, representing 62.89% of outstanding shares. The scrutinizer confirmed the process was fair and transparent.
*this image is generated using AI for illustrative purposes only.
AksharChem (India) Limited has secured shareholder approval to appoint Mr. Devalkumar Indrabal Suthar as Whole Time Director (Executive) of the company. The resolution was passed via a remote e-voting process conducted under the supervision of scrutinizer Mr. Bipin L. Makwana, a Practicing Company Secretary. The appointment is effective following the requisite majority obtained on Tuesday, June 30, 2026.
The postal ballot process was managed by National Securities Depository Limited (NSDL), with the e-voting window open from Monday, June 01, 2026, to Tuesday, June 30, 2026. A total of 11,985 shareholders were eligible to vote as of the record date of Friday, May 22, 2026. The company engaged the remote e-voting facility to ensure broad participation from its members.
Voting Results Summary
The special resolution regarding the appointment received overwhelming support from the shareholders. A total of 5,051,982 votes were polled, representing 62.89% of the company's outstanding shares. The resolution secured 99.99% of the valid votes in favour, with only 476 votes against the proposal.
| Category | Votes Polled | % of Outstanding Shares | Votes in Favour | Votes Against | % in Favour |
|---|---|---|---|---|---|
| Promoter and Promoter Group | 5,036,537 | 100.00 | 5,036,537 | 0 | 100.00 |
| Public-Institutions | 0 | 0.00 | 0 | 0 | 0.00 |
| Public-Non Institutions | 15,445 | 0.52 | 14,969 | 476 | 96.92 |
| Total | 5,051,982 | 62.89 | 5,051,506 | 476 | 99.99 |
Scrutinizer's Report
Mr. Bipin L. Makwana confirmed that the voting process was conducted in a fair and transparent manner. The scrutinizer's report, submitted to the Chairperson of AksharChem (India) Limited, verified the results downloaded from the NSDL e-voting website. The report noted that no invalid votes were recorded during the process.
The detailed voting results and the scrutinizer's report have been made available on the company's official website. The appointment of Mr. Devalkumar Indrabal Suthar (DIN: 11511925) is now formally approved by the shareholders, completing the regulatory requirements for the induction of the new Whole Time Director.
Historical Stock Returns for AksharChem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.12% | +0.58% | +10.88% | +2.62% | -22.38% | -42.13% |
What strategic priorities will Mr. Suthar focus on following his appointment as Whole Time Director?
How will this leadership change influence AksharChem's operational performance and financial targets in the coming fiscal year?
Are there any anticipated shifts in the company's business strategy or expansion plans under the new executive leadership?
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