Shentracon Chemicals , now operating as Midaas Fashions Limited, has fixed Monday, October 26, 2026 as the record date for determining shareholder eligibility for its equity share sub-division.

The Board of Directors approved this decision at a meeting held on Tuesday, September 22, 2026. The sub-division involves converting one equity share with a face value of ₹10 into two equity shares with a face value of ₹5 each. These new shares will be fully paid-up and rank pari passu in all respects with existing shares.

Sub-division details

The proposal was previously approved by members at the 33rd Annual General Meeting held on August 21, 2026. The board meeting that finalized the record date commenced at 4:00 pm and concluded at 4:30 pm on September 22, 2026.

Regulatory compliance

The company informed BSE Limited regarding the outcome of the board meeting pursuant to Regulations 30 and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Amit Lalit Jain, Managing Director.

Shentracon Chemicals shareholders approved all 14 resolutions at its 33rd annual general meeting held on August 21, 2026. The vote saw unanimous support for key governance changes and strategic shifts.

The meeting was conducted via video conferencing and other audio-visual means. Remote e-voting commenced on August 18, 2026, and concluded on August 20, 2026. Ajay Yadav of Ajay Yadav & Associates served as the scrutinizer for the process. Ms. Rupali Purohit, Company Secretary and Compliance Officer, introduced the Directors and Management present at the meeting.

Governance Changes

Shareholders approved the appointment of Amit Lalit Jain as Managing Director, upgrading his designation from Director. The board also reappointed Haniish Kanakraj Jaain, who retired by rotation.

Two new independent directors were appointed to strengthen oversight:

• Ashish Bakliwal
• Madhuri Toshniwal

Strategic Resolutions

The company secured approval to shift its registered office from West Bengal to Maharashtra. Additionally, shareholders passed a special resolution to change the company name and alter the object clause in the Memorandum of Association to comply with the Companies Act, 2013.

Capital Structure and Powers

Members approved the sub-division of equity shares and the reclassification of preference share capital. The board also obtained general mandates under Sections 185 and 186 of the Companies Act, 2013, to grant loans, give guarantees, and provide securities.

What the Numbers Show

Promoter participation dominated the voting process. The promoter group held 2,717,343 shares and cast 2,317,343 votes, representing 85.28% of their holding. In contrast, public non-institutional investors held 1,720,800 shares but cast only 5,664 votes, a turnout of just 0.33%. This disparity highlights the concentrated control exercised by promoters over corporate decisions.

All resolutions received 100% of the votes cast in favor, with zero votes against.