Chembond Chemicals promoter and Managing Director Nirmal V. Shah acquired 15,000 equity shares of the company on August 25, 2026. The open market purchase was made on the National Stock Exchange of India Limited.

The acquisition brings Shah’s total holding to 70,21,413 shares, representing a 26.11% stake in the company’s total voting capital. This is an increase from his previous holding of 70,06,413 shares, which accounted for 26.05% of the voting capital.

What the Numbers Show

The purchase adds 0.06% to the promoter’s overall stake. The transaction does not involve any encumbered shares or convertible securities. The total diluted share capital of the company remains unchanged at 2,68,96,576 shares with a face value of ₹5 each.

Transaction Details

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company secretary was requested to record the transaction. No other instruments such as warrants or voting rights otherwise than by shares were involved in the deal.

Chembond Chemicals Limited shareholders overwhelmingly approved a final dividend of ₹1.25 per equity share for FY26 and authorized material related-party transactions at its third Annual General Meeting (AGM) held on July 31, 2026. The meeting also saw the reappointment of Sameer V. Shah as director, with resolutions passed via remote e-voting and in-meeting voting under the scrutiny of Practicing Company Secretary Virendra G. Bhatt.

The AGM, conducted through video conferencing in compliance with Ministry of Corporate Affairs (MCA) and SEBI circulars, commenced at 11:30 am. Remote e-voting was open from July 28, 2026, to July 30, 2026, with an additional session during the meeting. The cut-off date for voting rights was July 24, 2026. All resolutions were deemed passed on the date of the AGM following the submission of the scrutinizer’s report.

Voting Results by Resolution

Shareholders voted on four key items. While financial statements and the dividend declaration received near-unanimous support, the reappointment of Sameer V. Shah and the approval of related-party transactions saw measurable dissent.

The approval of related-party transactions involved dealings with subsidiaries, step subsidiaries, and group companies. Notably, 15,430,413 shares held by related parties were excluded from the voting count for this resolution, as per regulatory norms. One member voted partly in favour and partly against the adoption of financial statements.

Governance and Compliance

Nirmal V. Shah, Chairman & Managing Director, presided over the meeting. Key governance figures present included Prof. Aniruddha Pandit (Independent Director), Mrs. Anuradha Paraskar (Chairman, Stakeholders Relationship Committee), Mr. Mahendra Ghelani (Chairman, Nomination & Remuneration Committee), Mr. Sushil Lakhani (Chairman, Audit Committee), and Mrs. Prachi Mahadik (CFO).

The proceedings adhered to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company engaged MUFG Intime India Private Limited to facilitate e-voting. The scrutinizer’s report, bearing UDIN A001157H000989045, confirms that all resolutions received the requisite majority.