CHL Ltd concludes 47th AGM, adopts FY26 financial statements
- CHL Limited adopted its FY26 standalone and consolidated audited financial statements at its 47th AGM
- Non-executive director Kajal Malhotra was reappointed after retiring by rotation
- Shareholders approved the continuation of Rakesh Mathur as an independent director
- The meeting was held via video conferencing with 70 members attending
- Auditor reports contained no adverse remarks for the fiscal year ended March 31, 2026
*this image is generated using AI for illustrative purposes only.
CHL Limited concluded its 47th Annual General Meeting on September 3, 2026, where shareholders adopted the standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026. The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs and SEBI regulations.
The gathering, held at the company's registered office in New Delhi by deemed venue, saw the attendance of 70 members. Managing Director Luv Malhotra presided over the proceedings, which lasted from 12:30 pm to 12:54 pm. The statutory auditor, M/s DGA & Co., and secretarial auditor, M/s A. Chadha & Associates, attended via video link.
Resolutions Passed
Shareholders approved three key resolutions during the meeting. The primary item involved the adoption of the annual report, including the directors' report and corporate governance report, which were considered read as they had been circulated to shareholders earlier.
| Resolution | Type | Outcome |
|---|---|---|
| Adoption of FY26 Financial Statements | Ordinary | Passed |
| Reappointment of Kajal Malhotra | Ordinary | Passed |
| Continuation of Rakesh Mathur | Special | Passed |
Ms. Kajal Malhotra, a non-executive non-independent director, retired by rotation and was reappointed to the board. Additionally, shareholders approved the continuation of Mr. Rakesh Mathur as a non-executive independent director.
Governance and Compliance
The company confirmed that both the auditor's report and the secretarial auditor's report contained no adverse remarks for the financial year ended 2025-26. Remote e-voting was facilitated through Central Depository Services (India) Limited from August 31, 2026, to September 2, 2026, with voting lines remaining open during the meeting for 15 minutes.
Mr. Ayush Rai, Company Secretary and Compliance Officer, confirmed the availability of requisite quorum and documents for inspection. The scrutinizer's consolidated report on voting results will be submitted to stock exchanges within prescribed timelines.
Historical Stock Returns for CHL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -1.29% | -3.48% | -7.41% | -21.83% | +213.89% |
How might the reappointment of Kajal Malhotra and continuation of Rakesh Mathur influence CHL Limited's strategic direction and board independence in the coming fiscal year?
Given the clean audit reports, what specific operational or financial targets has management outlined for FY27 to sustain this compliance and governance standard?
What impact could the low physical attendance of 70 members have on shareholder engagement, and will the company implement new measures to boost participation in future AGMs?
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