Polychem Limited concluded its 69th Annual General Meeting on August 25, 2026. The gathering focused on approving the financial statements for FY26 and declaring a final dividend for shareholders.

The meeting was conducted through Video Conferencing or Other Audio Video Means in compliance with regulatory guidelines. Tanil R Kilachand, Chairman, welcomed attendees before handing over the chair to Parthiv T Kilachand, Managing Director.

Key Resolutions Passed

Shareholders approved three ordinary resolutions during the session. The primary items included the adoption of financial reports and the declaration of dividends.

Dividend Declaration

The company declared a final dividend of ₹20 per equity share. This payout represents a 200% return on the face value of ₹10 per share for the financial year ended March 31, 2026.

Director Reappointment

Members also approved the reappointment of Nandish T Kilachand as a director. He retires by rotation and offered himself for re-election, which was accepted by the shareholders.

Voting Process

The company facilitated remote e-voting via NSDL from August 21 to August 24, 2026. The cut-off date for voting rights was August 18, 2026. Ragini Chokshi & Co served as the scrutinizer for the voting process.

Attendees

Key officials present included CFO Kanan V Panchasara and Company Secretary Deepali V Chauhan. Statutory Auditor Nayan Parikh & Co and Secretarial Auditor Ragini Chokshi & Co were also in attendance.

Polychem Limited paid a fine of ₹52,010 to the Bombay Stock Exchange (BSE) for the delayed submission of its Annual Secretarial Compliance Report (ASCR) in eXtensible Business Reporting Language (XBRL) mode. The penalty, which includes Goods and Services Tax (GST), was levied pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The company’s Board of Directors addressed the matter during its meeting held on August 13, 2026. The board noted that while the ASCR for the fiscal year ended March 31, 2026, was duly filed with the BSE in PDF mode on May 21, 2026, within the prescribed timelines, the XBRL version was submitted late. The exchange had communicated the non-compliance via email correspondence dated June 22, 2026.

Compliance Details

The board characterized the delayed submission of the ASCR in XBRL mode as unintentional and purely due to oversight. It clarified that the BSE levied the fine specifically for the non-submission or delayed submission of the report in XBRL format, despite the timely filing of the PDF version.

The company has reported this expense in its Integrated Governance Report filed with the BSE for the quarter ended June 30, 2026, in accordance with listing regulations. Following the review, the board advised management to ensure timely compliance with all regulatory filings in the future to avoid similar lapses.