Shentracon Chemicals Limited has opened the remote e-voting facility for its shareholders ahead of the company’s 33rd Annual General Meeting (AGM). The voting window runs from August 18, 2026, to August 20, 2026, allowing eligible members to cast their votes electronically before the physical meeting commences on August 21, 2026. This update ensures shareholder participation in key resolutions through a secure digital process managed by Central Depository Services (India) Limited (CDSL).

The 33rd AGM is scheduled to be held on Friday, August 21, 2026, at 1:00 P.M. (IST) via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with the Companies Act, 2013, and SEBI Listing Regulations. Shareholders holding shares as of the cut-off date, Friday, August 14, 2026, are entitled to vote. The remote e-voting period begins on Tuesday, August 18, 2026, at 9:00 A.M. IST and concludes on Thursday, August 20, 2026, at 5:00 P.M. IST. After this deadline, CDSL will disable the remote e-voting facility.

Key Dates and Voting Details

Shareholders who have already cast their votes through remote e-voting may attend the AGM via VC/OAVM but are not permitted to vote again during the meeting. Those attending the virtual meeting can cast their votes live if they have not voted remotely. For technical assistance or queries regarding the e-voting process, members can refer to the FAQs and manual on the CDSL e-voting website at www.evotingindia.com or contact helpdesk.evoting@cdslindia.com .

Annual Report and Notice Dispatch

Shentracon Chemicals completed the dispatch of the AGM notice and the Annual Report for FY 2025-26 on July 29, 2026. The documents were sent electronically to members with registered email addresses. For those without registered emails, letters containing web-links to access the documents were dispatched pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice and annual report are also available on the company’s website at www.shentracon.com and the BSE Limited website.

Regulatory Compliance and Newspaper Publication

On July 30, 2026, the company submitted proof of newspaper publication regarding the AGM to BSE Limited. Advertisements were published in Financial Express (English) and Duranta Barta (Bengali) to inform stakeholders about the meeting details and remote e-voting facilities. This submission was made under Regulation 30 and Regulation 47 of the SEBI Listing Regulations, ensuring transparent communication with all investors.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0OUS01011/bc81e42a-85f4-44d1-b693-20a8ad77b360.pdf

Shentracon Chemicals reported a net loss of ₹33.35 lakh for the financial year ended March 31, 2026 (FY26), compared to a loss of ₹29.90 lakh in the previous year. The company generated total income of ₹16.75 lakh, primarily from its emerging fashion jewellery business, marking a strategic pivot from its historical chemicals operations. Despite the operational revenue, the loss widened due to exceptional items amounting to ₹40.42 lakh. Shareholders will decide on the company’s future trajectory at the 33rd Annual General Meeting (AGM) on August 21, 2026, where they will vote on renaming the entity to Midaas Fashions Limited and executing a 2:1 stock split to enhance liquidity.

The Board of Directors has proposed a comprehensive restructuring to align the corporate identity with its new business focus. Key resolutions include altering the object clause to permit the manufacturing and trading of gold-plated, imitation, and lab-grown diamond jewellery. To support this transition, the company seeks approval to sub-divide equity shares, reducing the face value from ₹10 to ₹5. This move aims to widen the shareholder base by making shares more affordable for retail investors without altering the total capital value. Additionally, the registered office will shift from West Bengal to Maharashtra to improve administrative efficiency.

Financial Performance and Operational Shift

The financial results for FY26 highlight the transitional phase of the company. While profit before depreciation and tax stood at ₹7.07 lakh, the recognition of exceptional items led to the final net loss. Excluding these non-operational charges, the core operational performance remained stable. The company’s net worth stood at negative ₹225.80 lakh as of March 31, 2026, down from negative ₹192.45 lakh in the prior year. No dividend was recommended for the year. The management emphasized that the revenue generated was in compliance with permitted objects under the Memorandum of Association, signaling a deliberate entry into the fashion jewellery sector.

Governance and Board Changes

A significant change in control occurred during FY26 when Amit Lalit Jain and Hanissh Kanakraj Jaain acquired 52.22% of the equity share capital through a Share Purchase Agreement dated September 4, 2025. Consequently, an open offer was made for up to 26% of the voting share capital at ₹0.50 per share. This acquisition led to a reconstitution of the Board. Amit Lalit Jain has been appointed as Managing Director, while Hanissh Kanakraj Jaain serves as Director. Independent directors Ashish Bakliwal and Madhuri Toshniwal were appointed for five-year terms starting October 24, 2025.

Capital Restructuring Details

The proposed capital restructuring involves reclassifying authorized preference share capital into 12,80,000 Cumulative Non-Convertible Redeemable Preference Shares (CNCRPS) of ₹50 each. Post-split, the authorized equity capital will rise to 1.02 crore shares. The total authorized capital remains unchanged at ₹11.50 crore. The Board also sought approval for loans, investments, and guarantees up to ₹50 crore under Section 186 of the Companies Act, 2013, to fund expansion into new retail verticals.

What the Numbers Show

The divergence between the modest operational profit and the significant net loss underscores the impact of one-time exceptional items rather than core business failure. The strategic pivot to fashion jewellery, supported by a new management team with sector-specific expertise, suggests a long-term repositioning strategy. The stock split and name change are tactical moves to improve market perception and liquidity ahead of full-scale operations in the new segment.

Voting and Meeting Details

Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL). The voting window opens on August 18, 2026, at 9:00 A.M. and closes on August 20, 2026, at 5:00 P.M. Shareholders holding shares as of the cut-off date, August 14, 2026, are eligible to vote. Mr. Ajay Yadav, Practising Company Secretary, has been appointed as the Scrutinizer. Statutory auditors M/s. Mark & Co. and secretarial auditor M/s Hemang Satra and Associates have completed their reviews for the year.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0OUS01011/9f04e22b-31dc-473a-9beb-2a16bf6238e1.pdf