Chambal Fertilisers & Chemicals promoter group entity Earthstone Holding (Two) Private Limited purchased 85,609 equity shares in the open market on September 1, 2026. The acquisition increases the group’s stake to 3.657% of the total voting capital.

The disclosure was filed with stock exchanges on September 2, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Earthstone Holding (Two) Private Limited is identified as part of the promoter group in the filing.

Shareholding Details

Prior to the transaction, Earthstone Holding held 14,565,782 shares, representing 3.636% of the total share and voting capital. The open market purchase added 85,609 shares, a 0.021% increase in stake.

The total equity share capital of Chambal Fertilisers & Chemicals remains at 400,652,297 equity shares, with a face value of ₹4,00,65,22,970. There were no changes to warrants, convertible securities, or encumbered shares reported in this disclosure.

What the Numbers Show

The acquisition represents a modest incremental addition to the promoter group’s holding. The stake increased from 3.636% to 3.657%, indicating a small-scale open market accumulation rather than a strategic block deal or rights issue participation. The total diluted voting capital remains unchanged at 400,652,297 shares, confirming no conversion of outstanding instruments occurred alongside this trade.

Chambal Fertilisers & Chemicals shareholders approved all five resolutions at the company’s 41st annual general meeting held on September 1, 2026. The meeting concluded with the adoption of financial statements and the declaration of a final dividend.

The most significant payout decision was the approval of a final dividend of ₹6 per equity share of face value ₹10 each for FY26. This represents a 60% payout ratio. Shareholders voted overwhelmingly in favor, with 99.84% of valid votes cast supporting the resolution.

Voting Results Overview

A total of 316,785,996 votes were polled out of 400,652,297 outstanding shares, reflecting a participation rate of approximately 79% across various agenda items. The promoter group, holding over 246 million shares, participated actively in all voting processes.

Board and Governance Changes

Shareholders approved the re-appointment of Mr. Chandra Shekhar Nopany as a director retiring by rotation. While the resolution passed with 96.71% support, it faced notable opposition from public institutional investors, who cast 14.17% of their votes against the re-appointment. The promoter group voted unanimously in favor.

Additionally, shareholders approved the continuation of Mrs. Rita Menon as an independent director beyond the age of 75, until September 9, 2030. This special resolution required a higher threshold for approval but passed comfortably with 99.38% of votes in favor. Mrs. Menon, an IAS officer who retired as Chairperson and Managing Director of India Trade Promotion Organisation in 2015, brings extensive experience in industrial development, finance, and public policy.

Audit Appointments

The company also ratified the remuneration payable to M/s K.G. Goyal & Associates, Cost Accountants, for conducting the cost audit for FY27. This routine governance matter saw near-unanimous support, with 99.99% of votes cast in favor.

The scrutinizer’s report, submitted by RMG & Associates, confirmed that the e-voting process conducted through National Securities Depository Limited (NSDL) was fair and transparent. Remote e-voting commenced on August 28, 2026, and concluded on August 31, 2026.