CHD Chemicals Limited has announced an Extra Ordinary General Meeting (EGM) to address a critical governance matter following the resignation of its statutory auditor. The company will convene the meeting on May 4, 2026, at 11:30 AM through video conferencing to appoint a new statutory auditor and fill the casual vacancy created by the outgoing auditor's departure.

Auditor Transition Details

The EGM stems from the resignation of M/s DSP & Associates (FRN - 006791N) as statutory auditors, who tendered their resignation on January 30, 2026. The outgoing auditors cited their inability to continue as auditors of the company as the reason for their departure, creating a casual vacancy that requires shareholder approval under Section 139(8) of the Companies Act, 2013.

Meeting and Voting Schedule

The company has established a comprehensive timeline for the EGM proceedings, including remote e-voting facilities to ensure maximum shareholder participation. The meeting will be conducted entirely through video conferencing in compliance with applicable MCA and SEBI circulars.

Proposed Auditor Appointment

The Board of Directors has recommended M/s GAMS & Associates LLP, Chartered Accountants (ICAI Firm Registration No. N500094) as the new statutory auditors. The proposed appointment will be effective from the conclusion of the EGM until the ensuing Annual General Meeting for FY 2025-2026. The new auditors have provided their consent and confirmed that their appointment would comply with the limits prescribed under the Companies Act, 2013, satisfying the criteria under Section 141 of the Act.

The remuneration for the new auditors will be mutually agreed upon between the Board of Directors and GAMS & Associates LLP, plus applicable taxes, out-of-pocket expenses, travelling, and other expenses related to audit work. Shareholders will vote on this appointment through an Ordinary Resolution, with the Board recommending approval of the proposal.

Virtual Meeting Arrangements

The EGM will be conducted through video conferencing (VC) and other audio-visual means (OAVM) in accordance with MCA circulars and SEBI guidelines. The company has appointed Mr. Neeraj Jindal as the Scrutinizer to ensure fair and transparent scrutiny of the remote e-voting and e-voting processes. Shareholders can participate in the meeting through various electronic platforms, with detailed instructions provided for both individual and institutional investors.

The facility for proxy appointments will not be available for this EGM, and the proceedings will be deemed to be conducted at the company's registered office in Chandigarh. Results of the voting will be announced after the EGM and will be made available on the company's website and BSE Limited's platform within two days of the resolution passing.

CHD Chemicals Limited has successfully concluded its board meeting held on April 9, 2026, addressing key matters related to an upcoming Extraordinary General Meeting (EGM). The company formally notified the Bombay Stock Exchange regarding the meeting outcome, demonstrating adherence to regulatory compliance under Regulation 30.

Meeting Execution and Timeline

The board meeting took place as scheduled on Thursday, April 9, 2026, at 1:00 PM at the company's corporate office located at Plot No 331, Industrial Area, Phase II, Panchkula-134113. The meeting was successfully concluded at 2:00 PM, completing all agenda items within the allocated timeframe.

Key Decisions and Approvals

The board successfully addressed two critical agenda items during the meeting. The primary decision involved the appointment of M/s Neeraj Jindal & Associates as the scrutinizer for the upcoming Extraordinary General Meeting. Additionally, the board approved the draft notice for convening the EGM, ensuring all regulatory requirements are met.

Regulatory Compliance and Documentation

The outcome notification was digitally signed by Mahtab Singh, Director of CHD Chemicals Limited, on April 9, 2026, at 14:18:24 +05'30'. The formal communication was submitted to the Manager (CRD) at Bombay Stock Exchange Ltd., referencing Script Code 539800, ensuring complete transparency and regulatory adherence.

The company operates under Corporate Identification Number L24232CH2012PLC034188, with its registered office at SCF 214, Motor Market, Manimajra, Chandigarh-160101. This timely notification reflects the company's commitment to maintaining corporate governance standards and meeting stock exchange compliance obligations under applicable regulations.