Phyto Chem (India) Ltd concluded its Board of Directors meeting on September 29, 2026, with no material events disclosed. The Board reviewed the company's business and performance, finding no developments requiring disclosure under SEBI regulations.

The meeting commenced at 11:30 am and concluded at 12:10 pm at the company's registered office in Sangareddy District, Telangana. This outcome follows the initial intimation issued on September 22, 2026, which had scheduled the review of business performance as the primary agenda.

Meeting details

The notice was signed by Y. Janaki Ramaiah, Executive Director. In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed that no specific financial results or dividend declarations were approved during this session.

Phyto Chem (India) Limited has scheduled its 37th Annual General Meeting for September 29, 2026. The meeting will address the adoption of financial statements for FY26 and a special resolution to lease spare manufacturing capacity.

The company seeks shareholder approval under Section 180(1)(a) of the Companies Act, 2013, to lease its factory facilities to M/s. Tricom Agro Private Limited. The Board of Directors approved the proposal in its meeting held on August 13, 2026, citing effective utilization of assets as the primary rationale.

Lease Transaction Details

The proposed lease involves the spare capacity of the company’s manufacturing plant located in Sangareddy District, Telangana. The transaction is structured as a commercial lease with an independent third party.

The explanatory statement notes that the leased area comprises 32,420 square feet out of a total constructed area of 50,750 square feet. The deal aims to generate a recurring revenue stream to enhance shareholder value. No directors or key managerial personnel have a financial interest in the transaction beyond their shareholding.

Corporate Governance Updates

Mr. K. Srinivasa Rao will retire by rotation and offer himself for reappointment as a non-executive, non-independent director. He holds 20,094 equity shares and attended two out of five board meetings during FY25-26.

Voting Logistics

E-voting will be open from September 26 to September 28, 2026. The record date for voting rights is September 22, 2026. The register of members and share transfer books will remain closed from September 23 to September 29, 2026.