Lime Chemicals Limited approved the adoption of its Profit and Loss Account for the year ended March 31, 2026, and the Balance Sheet as on that date during its 56th Annual General Meeting. The meeting, held on September 30, 2026, also ratified the remuneration of cost auditors for FY27.

Shareholders re-appointed Mrs. Shahnaz Ahmed Dawoodani as a director retiring by rotation. The meeting saw significant board changes with the appointment of Mr. Samir Kumar Das and Ms. Rakhi Upadhyay as Non-executive Independent Directors. Additionally, Mr. Zaryab Ahmed Sayyed was appointed as a Non-executive Non-independent Director, having previously served in an independent capacity.

Key resolutions passed

The members transacted several critical businesses during the AGM, including approvals under the Companies Act, 2013. The following key items were addressed:

• Adoption of financial statements for FY26 along with auditor and director reports
• Re-appointment of Mrs. Shahnaz Ahmed Dawoodani (DIN 02324234)
• Ratification of cost auditor remuneration for FY27
• Appointment of Mr. Samir Kumar Das (DIN 09645179) as Non-executive Independent Director
• Appointment of Ms. Rakhi Upadhyay (DIN 09645180) as Non-executive Independent Director
• Appointment of Mr. Zaryab Ahmed Sayyed (DIN 10249759) as Non-executive Non-independent Director
• Approval of corporate guarantees or security under sections 185 and 186 of the Companies Act, 2013
• Approval of Related Party Transactions

Voting and procedural details

The company provided a remote e-voting facility to members from September 27, 2026, to September 29, 2026. Physical voting was also available to shareholders present at the registered office in Mumbai who had not cast their votes earlier. Details of the voting results are required to be submitted separately under Regulation 44(3) of the SEBI Listing Regulations. The meeting concluded at 11:35 am.

Lime Chemicals reported a net loss of ₹14.49 lakh for FY26, reversing a profit of ₹20.05 lakh in the previous year. Revenue from operations fell 27% to ₹711.7 lakh, driven by a shift toward trading activities and lower manufacturing output.

The company will hold its 56th Annual General Meeting on September 30, 2026, at its registered office in Mumbai. The Register of Members and Share Transfer Books will remain closed from September 27 to September 29, 2026. The cut-off date for e-voting rights is September 23, 2026.

Financial Performance

The decline in profitability was primarily due to a drop in gross profit, which turned negative at (₹5.26 lakh) compared to ₹46.77 lakh in FY25. Revenue from operations decreased from ₹966.65 lakh to ₹711.69 lakh. While cost of material consumed dropped significantly as manufacturing scaled back, purchases of stock-in-trade rose sharply to ₹977.66 lakh from ₹306.49 lakh, reflecting increased trading volumes.

Other income declined to ₹40.23 lakh from ₹60.94 lakh, largely due to a reduction in sundry balances written back. Finance costs decreased to ₹3.11 lakh from ₹15.21 lakh, providing some relief to the bottom line. The company did not recommend any dividend for the year.

Agenda Highlights

Shareholders will vote on several ordinary and special business items. Key appointments include the re-appointment of Mrs. Shahnaz Ahmed Dawoodani (DIN 02324234), who retires by rotation. The Board proposes appointing Mr. Samir Kumar Das and Ms. Rakhi Upadhyay as Independent Directors for a five-year term up to the conclusion of the AGM in calendar year 2031.

Additionally, Mr. Zaryab Ahmed Sayyed, currently an Independent Director, will be designated as a non-executive non-independent Director liable to retire by rotation.

Related Party Transactions

The AGM will seek approval for related-party transactions under Section 188 of the Companies Act, 2013. The proposed transactions are at arm's length and in the ordinary course of business.

The largest transaction involves Himachal Polyolefins Limited, with an aggregate limit of ₹4 crore for purchases, sales, inter-corporate borrowings, and guarantees. This represents approximately 664.96% of the annual turnover of FY25-26.

Other Resolutions

Shareholders will also ratify the remuneration of Cost Auditors, Mr. Pradip Mohanlal Damania, fixed at ₹25,000 plus out-of-pocket expenses for FY27. Furthermore, a special resolution seeks approval for corporate guarantees or security up to ₹5 crore for associate or group entities.

Voting Details

Remote e-voting opens at 9:00 am on September 27, 2026 and closes at 5:00 pm on September 29, 2026. Beneficial owners must be on record by September 23, 2026 to participate. Voting rights are proportional to the shareholding in paid-up equity capital as on the cut-off date.