Hindustan Organic Chemicals Limited held its 65th Annual General Meeting on September 25, 2026, through video conferencing. The meeting saw the approval of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

Meeting proceedings and attendance

The AGM was chaired by Sangram Kumar Mishra, Chairman and Managing Director. A total of 49 shareholders attended the virtual meeting, satisfying the quorum requirements under Section 103 of the Companies Act, 2013. The Government of India holds a 58.78% stake in the company, with representatives from the Department of Chemicals and Petrochemicals in attendance.

Key resolutions passed during the meeting included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Reappointment of Manoj Sethi (DIN: 00301439) as Director by rotation.
• Authorization for the Board to fix statutory auditor remuneration for FY27.
• Appointment of Sangram Kumar Mishra (DIN: 11337117) as Chairman and Managing Director via special resolution.
• Appointment of Sarita Gena (DIN: 11898194) as Non-Official Part-time Independent Director via special resolution.
• Ratification of cost auditor remuneration for FY27.

Governance and compliance updates

The Company Secretary confirmed that the Auditor’s Report contained no qualifications or adverse observations affecting the company’s functioning. Comments from the Comptroller and Auditor General (CAG) on both standalone and consolidated financials were read out, along with management replies. Similarly, secretarial audit comments were addressed, with the company stating they had no adverse effect on operations.

Voting was conducted via remote e-voting from September 22 to September 24, 2026, and live e-voting during the meeting. M/s ASKBN & Company was appointed as the scrutinizer to ensure fair verification of votes.

The Comptroller and Auditor General of India (CAG) has re-appointed M/s. Balan & Co as the statutory auditors for Hindustan Organic Chemicals for the financial year 2026-27.

The appointment was confirmed via CAG letter No./CA. V/COY/CENTRAL GOVERNMENT, HOCL(1)/163 dated September 7, 2026, which the company received on September 8, 2026. As a Government of India enterprise under the Ministry of Chemicals & Fertilizers, HOCL is mandated to have its statutory auditors appointed by the CAG under Section 139(5) of the Companies Act, 2013.

Audit Scope and Firm Details

M/s. Balan & Co, a Chartered Accountants firm based in Kochi with CA Mohanan as managing partner, will also audit the consolidated financial statements of HOCL for FY27. This engagement is conducted under Section 139 read with Section 129(4) of the Companies Act, 2013.

The company disclosed these details in compliance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms no relationship exists between the directors and the appointed auditors.