Haryana Leather Chemicals shareholders approve all resolutions at 41st AGM
- All five resolutions passed at Haryana Leather Chemicals' 41st AGM
- Dividend declaration resolution secured 99.99% votes in favour
- Other resolutions, including financial adoption, passed with 99.47% support
- E-voting conducted via NSDL system from September 23 to 25, 2026
*this image is generated using AI for illustrative purposes only.
Haryana Leather Chemicals Limited held its 41st Annual General Meeting on September 26, 2026, via Video Conferencing. Shareholders unanimously approved all five agenda items, including the adoption of audited financial statements for FY26 and the declaration of a final dividend.
The Board reported robust performance for FY26 despite global economic uncertainty and raw-material volatility. Management highlighted progress in both core segments: Leather Chemicals and PVC Additives. The company emphasized its strategy to expand specialty product offerings and strengthen its competitive position in domestic and international markets.
Voting results and resolutions
The e-voting facility was provided through the National Securities Depository Limited (NSDL) system. The remote e-voting period commenced on September 23, 2026, and ended on September 25, 2026. Mr. Manoj Gupta, Proprietor of M/s. Manoj Gupta & Associates, served as the Scrutinizer.
All five resolutions were passed with significant majority support. The resolution regarding the declaration of a final dividend received the highest support, with 99.99% of valid votes cast in favour. The other four resolutions, including financial statement adoption and director re-appointments, passed with 99.47% support.
| Item | Agenda | Resolution Type | Votes in Favour (%) |
|---|---|---|---|
| 1 | Adoption of Financial Statements | Ordinary | 99.47 |
| 2 | Declaration of Dividend | Ordinary | 99.99 |
| 3 | Re-appointment of Vijay Kumar Garg | Ordinary | 99.47 |
| 4 | Continuation of Pankaj Jain as CMD | Special | 99.47 |
| 5 | Investment beyond Section 186 limits | Special | 99.47 |
Business segment updates
The Managing Director noted that the Leather Chemicals business maintains a strong position in fat liquors for glove and upholstery applications. The NANOLUX pigment series, launched previously, has seen encouraging acceptance in high-end applications. The company plans to build this range as a premium specialty offering.
In the PVC Additives division, launched in 2024, products such as Acrylic Impact Modifiers and Acrylic Processing Aids have progressed well. Specifically, AKRELON 405 has gained acceptance among leading PVC processors in India. This traction provides a base for expanding domestic market share and subsequent export opportunities.
Strategic priorities for growth
Management outlined a focus on converting market opportunities into sustainable growth. Priorities include strengthening manufacturing capabilities, improving capacity utilization, and expanding the customer base. The company aims to balance growth with financial discipline while investing in R&D for environmental responsibility and product performance.
The meeting concluded with a vote of thanks. Consolidated voting results have been submitted to BSE Limited.
Historical Stock Returns for Haryana Leather Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.18% | -0.44% | -5.18% | +12.52% | -26.99% | +53.51% |
How will the approved investment beyond Section 186 limits specifically impact Haryana Leather Chemicals' capital expenditure plans for capacity expansion in the coming fiscal year?
What specific export markets is the company targeting to scale its PVC Additives division, given the recent domestic acceptance of AKRELON 405?
How does management plan to mitigate margin pressures from raw-material volatility while pursuing the strategy of expanding high-end specialty product offerings like NANOLUX?
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