Shivam Chemicals shareholders unanimously approve FY26 results at AGM
- Shareholders unanimously approved FY26 financial statements with 100% votes in favour
- Shivam Vasant was reappointed as director with zero dissenting votes
- Total valid votes cast across both resolutions stood at 12,504,998
- Nine shareholders participated in person or via proxy out of 379 registered holders
*this image is generated using AI for illustrative purposes only.
Shivam Chemicals Limited shareholders unanimously approved all resolutions at its 16th Annual General Meeting, including the adoption of FY26 financial statements and the reappointment of a director.
The meeting took place on September 21, 2026, at the company’s registered office in Mumbai. Sanjiv Girdharlal Vasant, Managing Director, chaired the proceedings. The gathering focused on approving audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and addressing routine corporate governance matters.
Voting Results and Resolutions
Shareholders passed two ordinary resolutions with 100% votes in favour and zero dissenting votes. The total number of valid votes cast for each resolution was 12,504,998. No invalid or rejected votes were recorded.
The approved resolutions included:
- Adoption of the audited standalone and consolidated financial statements along with the Directors’ Report for FY26.
- Reappointment of Shivam Vasant as a director, who retires by rotation and offered himself for reappointment.
Mayuri Vasant proposed the first resolution, seconded by Shivam Vasant. Soham Vasant proposed the second resolution, seconded by Rajshree Vasant.
Attendance and Participation
The record date for determining voting rights was September 11, 2026. On this date, the company had 379 shareholders on its register. During the meeting, 9 shareholders participated either in person or through proxy:
| Category | Number of Shareholders |
|---|---|
| Promoters and Promoter Group | 5 |
| Public | 4 |
No shareholders attended via video conferencing, and no proxies were received. The company, being an SME listed entity with fewer than 1,000 shareholders, was exempt from providing e-voting facilities under SEBI regulations. Consequently, voting was conducted exclusively through physical ballot papers.
Governance and Compliance
Sanam Umbargikar, partner at M/s. DSM & Associates, served as the scrutinizer for the voting process. Statutory registers, including the Register of Members and Register of Directors’ Shareholding, were made available for electronic inspection throughout the event. Both the Statutory Audit Report and Secretarial Audit Report contained no adverse observations or disqualifications.
The meeting concluded at 11:45 am.
Historical Stock Returns for Shivam Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.02% | +6.84% | +37.78% | +36.28% | 0.0% | +231.22% |
How will Shivam Chemicals leverage its FY26 financial performance to fund future capacity expansion or product diversification in the chemical sector?
Given the low shareholder participation and lack of e-voting, what steps might the company take to improve corporate governance transparency and attract broader institutional investment?
What are the expected impacts of recent regulatory changes for SME-listed entities on Shivam Chemicals' compliance costs and operational flexibility in the coming fiscal year?
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