CHL Ltd shareholders approve FY26 results, reappoint Kajal Malhotra
- CHL Ltd shareholders approved FY26 financial statements at its 47th AGM on September 3, 2026
- E-voting turnout reached 82.94%, with promoters casting 100% of votes in favor
- Kajal Malhotra was reappointed as director; Rakesh Mathur continued as independent director
- Public non-institutional shareholders showed 69.90% participation with minimal dissent
*this image is generated using AI for illustrative purposes only.
CHL Limited concluded its 47th Annual General Meeting on September 3, 2026, with shareholders approving the adoption of FY26 financial statements and key board appointments. The e-voting process saw a total turnout of 82.94%, reflecting strong engagement from the promoter group and public shareholders.
The meeting, conducted via video conferencing from the company's registered office in New Delhi, lasted from 12:30 pm to 12:54 pm. Managing Director Luv Malhotra presided over the proceedings, which were attended by 70 members representing both promoter and public shares. Statutory auditor M/s DGA & Co. and secretarial auditor M/s A. Chadha & Associates participated via video link.
Resolutions Passed
Shareholders approved three resolutions during the meeting. The primary item involved the adoption of the standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026. Additionally, the board sought approval for the reappointment of Ms. Kajal Malhotra and the continuation of Mr. Rakesh Mathur as an independent director.
| 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. Mr. Rakesh Mathur was approved to continue as a non-executive independent director until the conclusion of the 50th AGM in calendar year 2029, following his attainment of age 75.
Voting Results
E-voting was facilitated through Central Depository Services (India) Limited from August 31, 2026, to September 2, 2026. The promoter group, holding 39,930,049 shares, cast 35,057,760 votes, representing an 87.80% turnout. All promoter votes were cast in favor of every resolution.
Public non-institutional shareholders, holding 14,888,241 shares, participated with a 69.90% turnout. While their support was near-unanimous, a small fraction of votes (3,977) were cast against the resolutions, accounting for 0.04% of the public vote polled.
| Shareholder Category | Shares Held | Votes Polled | Turnout % | Votes In Favor | Votes Against |
|---|---|---|---|---|---|
| Promoter Group | 39,930,049 | 35,057,760 | 87.80% | 35,057,760 | 0 |
| Public Non-Institutional | 14,888,241 | 10,406,300 | 69.90% | 10,402,323 | 3,977 |
| Total | 54,818,290 | 45,464,060 | 82.94% | 45,460,083 | 3,977 |
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. The scrutinizer's consolidated report on voting results has been submitted to stock exchanges within prescribed timelines. Company Secretary Ayush Rai confirmed the availability of requisite quorum and documents for inspection during the meeting.
Historical Stock Returns for CHL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.48% | +2.34% | -3.11% | -9.54% | -24.09% | +121.65% |
How might the reappointment of Kajal Malhotra and the extended tenure of Rakesh Mathur influence CHL Limited's strategic direction and governance stability over the next three years?
Given the high promoter turnout of 87.80%, what does this level of engagement suggest about the promoter group's confidence in the company's FY26 financial performance and future growth prospects?
What specific operational or financial metrics from the adopted FY26 standalone and consolidated statements are likely to drive investor sentiment in the upcoming quarters?
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