Reliance Chemotex Publishes Postal Ballot Newspaper Advertisements for Director Re-appointment

2 min read     Updated on 01 Apr 2026, 12:14 PM
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AI Summary

Reliance Chemotex Industries Limited published newspaper advertisements on April 01, 2026, in The Indian Express and Jai Rajasthan regarding postal ballot notice for re-appointing Mr. Ram Niwas Sharma as Non-Executive Independent Director for a second five-year term from February 2026 to February 2031. The e-voting process runs from April 01-30, 2026, with NSDL facilitating remote voting and M/s Ronak Jhuthawat & Co appointed as Scrutinizer.

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Reliance Chemotex Industries Limited has published newspaper advertisements regarding its postal ballot notice for the re-appointment of Mr. Ram Niwas Sharma as Non-Executive Independent Director. The company filed regulatory disclosures and published advertisements in leading newspapers on April 01, 2026, in compliance with SEBI Listing Regulations.

Newspaper Advertisement Publication

The company published postal ballot advertisements in two major newspapers to ensure wide dissemination of information to shareholders:

Publication Details: Information
English Newspaper: The Indian Express
Hindi Newspaper: Jai Rajasthan
Publication Date: Wednesday, April 01, 2026
Regulatory Filing: BSE Limited & NSE India
Scrip Code (BSE): 503162
Trading Symbol (NSE): RELCHEMQ

Director Re-appointment Details

The postal ballot seeks shareholder approval for Mr. Ram Niwas Sharma's re-appointment as Non-Executive Independent Director for a second consecutive term. The Board of Directors approved his re-appointment through a resolution passed by circulation on February 09, 2026.

Appointment Parameters: Details
Director Name: Mr. Ram Niwas Sharma
DIN: 00368947
Position: Non-Executive Independent Director
Term Duration: 5 years
Effective Date: February 10, 2026
Term End Date: February 09, 2031
EVEN Number: 138980

E-Voting Process and Timeline

The company has engaged National Securities Depository Limited (NSDL) for facilitating remote e-voting to enable members to cast their votes electronically. M/s Ronak Jhuthawat & Co, Practicing Company Secretary has been appointed as Scrutinizer.

E-Voting Schedule: Timeline
Commencement: Wednesday, April 01, 2026 at 09:00 A.M. (IST)
End Date: Thursday, April 30, 2026 at 05:00 P.M. (IST)
Cut-off Date: Friday, March 27, 2026
Result Declaration: Within 2 working days from conclusion
Notice Distribution: Tuesday, March 31, 2026

Regulatory Compliance and Age Consideration

As Mr. Sharma has attained the age of more than 75 years, his continuation requires approval by special resolution under Regulation 17(1A) of SEBI Listing Regulations. The company has verified that he is not debarred from holding directorial positions by SEBI or any other regulatory authority.

Accessibility and Contact Information

The postal ballot notice is available on multiple platforms including the company's website at www.reliancechemotex.com , stock exchange websites, and NSDL's e-voting platform at www.evoting.nsdl.com . Members requiring assistance can contact NSDL's designated officials or the Company Secretary at the registered office in Udaipur, Rajasthan.

Historical Stock Returns for Reliance Chemotex

1 Day5 Days1 Month6 Months1 Year5 Years
+3.97%+5.32%+9.72%-21.24%-24.70%-45.79%

What strategic initiatives might Mr. Ram Niwas Sharma lead during his second term to drive Reliance Chemotex's growth in the evolving chemical industry?

How could the re-appointment of an independent director over 75 years impact the company's board governance dynamics and future succession planning?

Will Reliance Chemotex consider expanding its board composition with younger independent directors to balance experience with fresh perspectives?

Reliance Chemotex Industries Receives Stock Exchange Approval for Promoter Reclassification

1 min read     Updated on 04 Mar 2026, 05:21 PM
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AI Summary

Reliance Chemotex Industries Limited has received approval from NSE and BSE on March 04, 2026, for reclassifying Mr. Nand Gopal Khaitan from promoter to public category under SEBI Regulation 31A. The reclassification involves 100 shares representing 0.00% shareholding and follows the company's application submitted on November 18, 2025.

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Reliance chemotex Industries Limited has successfully obtained regulatory approval for the reclassification of a promoter shareholder from both major Indian stock exchanges. The company announced that it has received formal approval from the National Stock Exchange of India Ltd. and BSE Limited for reclassifying Mr. Nand Gopal Khaitan from the "Promoter" category to "Public" category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Approval Details

The approval was granted on March 04, 2026, through official communications from both exchanges. NSE issued its no-objection letter numbered NSE/LIST/COMP/RELCHMO/544/2025-2026, while BSE provided approval through letter number LIST/COMP/HG/727/2025-26. This regulatory clearance comes following the company's initial application submitted on November 18, 2025.

Reclassification Specifics

The reclassification involves a minimal shareholding transition, as detailed in the company's disclosure:

Parameter Details
Promoter Name Mr. Nand Gopal Khaitan
Previous Category Promoter
New Category Public
Shares Held 100
Shareholding Percentage 0.00%

Exchange Communications

Both NSE and BSE have issued formal no-objection letters confirming their approval for the reclassification request. NSE's approval was communicated by Apeksha Raichura, Manager – Listing Compliance, while BSE's approval was signed by Shyam Bhagirath, Manager, and Harsh Gohil from Listing Compliance. The exchanges have emphasized that the company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification.

Regulatory Framework

The reclassification process is governed by Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides the framework for promoters to seek reclassification from promoter category to public category under specific circumstances. The approval from both exchanges ensures that the reclassification meets all regulatory requirements and compliance standards.

Corporate Communication

The announcement was made by Chandrasekaran Rajagopalan, who serves as CFO cum Company Secretary and Compliance Officer for Reliance Chemotex Industries Limited. The company has indicated that the approval letters from both stock exchanges are available on the company's website at reliancechemotex.com for stakeholder reference and transparency.

Historical Stock Returns for Reliance Chemotex

1 Day5 Days1 Month6 Months1 Year5 Years
+3.97%+5.32%+9.72%-21.24%-24.70%-45.79%

More News on Reliance Chemotex

1 Year Returns:-24.70%