Lords Chloro Alkali Limited has announced the official voting results for its 1st Extraordinary General Meeting (EGM) held on March 18, 2026, with all four proposed resolutions receiving overwhelming shareholder approval. The company submitted the voting results and scrutinizer's report to BSE Limited and National Stock Exchange of India Limited on March 20, 2026, in compliance with Regulation 44 of the Listing Regulations.

Meeting Overview and Attendance

The EGM was conducted at the company's registered office in Alwar, Rajasthan, with 42 members attending in person. Mr. Deepak Mathur, Whole Time Director, chaired the meeting in the absence of a regular Chairman, with proceedings facilitated by Mr. Pankaj Mishra, Company Secretary & Compliance Officer.

Voting Results Summary

All four special business resolutions were passed with exceptional shareholder support, demonstrating strong confidence in the company's leadership decisions. The voting process included both remote e-voting and physical polling at the meeting venue.

Resolution 1: Managing Director Re-appointment

The ordinary resolution for re-appointment of Shri Ajay Virmani (DIN: 00758726) as Managing Director for five years from July 12, 2026, received 99.998% approval with only 348 votes against.

Resolution 2: Managing Director Remuneration

The special resolution for approval of remuneration payment to Managing Director Shri Ajay Virmani achieved identical voting results as Resolution 1.

Resolution 3: Whole Time Director Remuneration

The resolution for remuneration approval of Shri Madhav Dhir (DIN: 07227587), Whole Time Director, passed with 99.974% approval. Notably, 6,001,420 shares held by promoter group entities (Ms. Maneesha Dhir, Dhir Hotels and Resorts Pvt. Ltd., and Shiva Consultants Pvt. Ltd.) were excluded from voting due to their interest in this resolution.

Resolution 4: Managerial Remuneration Limits

The special resolution for increasing managerial remuneration limits for Managing Director and Whole Time Directors received 99.998% approval with 360 votes against.

E-Voting Process and Compliance

The company implemented a comprehensive voting mechanism with remote e-voting conducted from March 14-17, 2026. CS Awanish K. Dwivedi (CP No. 9080) served as the independent scrutinizer, ensuring transparency and regulatory compliance.

Regulatory Compliance and Documentation

The voting results were submitted to stock exchanges within the prescribed timeline, demonstrating the company's commitment to regulatory compliance. The scrutinizer's report confirmed that all resolutions met the requisite majority requirements under the Companies Act, 2013, and SEBI regulations.

The comprehensive voting process, with 63.74% of total shares participating through e-voting and physical polling, reflects strong shareholder engagement in the company's governance decisions. The results validate the board's strategic appointments and remuneration structures for the leadership team.

Lords Chloro Alkali Limited has announced a substantial acquisition of shares by its promoter group through warrant conversion, as disclosed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved promoter Madhav Dhir and persons acting in concert (PAC) acquiring 27,00,000 shares on February 23, 2026.

Acquisition Details

The acquisition was executed through conversion of warrants into equity shares, with the promoter group members acquiring shares in varying quantities:

Holdings Before and After Acquisition

Prior to this acquisition, the promoter group held 1,87,80,556 shares representing 74.66% of the company's voting capital. The pre-acquisition individual holdings were led by Madhav Dhir with 86,93,442 shares (34.56%), followed by Dhir Hotels and Resorts Private Limited with 49,64,391 shares (19.74%).

Post-acquisition, the collective holding increased to 2,14,80,556 shares, representing 74.97% of the expanded share capital:

Impact on Share Capital

The warrant conversion resulted in expansion of the company's equity share capital from 2,51,53,861 shares to 2,86,53,861 shares. This represents an increase of 35,00,000 shares in the total voting capital, though the actual acquisition by the promoter group was 27,00,000 shares.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Lords Chloro Alkali Limited's shares are listed on both BSE and NSE exchanges. The transaction was signed off by Madhav Dhir on behalf of the acquirer and PAC from New Delhi on February 23, 2026.