Stallion India Fluorochemicals has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for Wednesday, 13th May, 2026. The intimation was issued on 10th May, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The meeting has been convened with a specific and significant agenda item. The Board will deliberate upon and formally record the company's financial results for the concluded fiscal year.

Regulatory Compliance

The intimation was submitted to both the National Stock Exchange of India Limited (NSE) and BSE Limited, in accordance with the company's obligations under the applicable listing regulations. The communication was signed by Govind Rao, Company Secretary & Compliance Officer of Stallion India Fluorochemicals.

The board meeting represents a key corporate event as it will culminate in the formal adoption of the company's audited annual financial results for the financial year ended 31st March, 2026.

Stallion India Fluorochemicals Limited has initiated a postal ballot process seeking shareholder approval for variation in terms of IPO proceeds objects under Regulation 30, with the e-voting period scheduled from May 01, 2026 to May 30, 2026. The company published newspaper advertisements in Free Press Journal (English) and Navshakti (Marathi) on May 01, 2026, confirming the dispatch of postal ballot notice to shareholders.

IPO Proceeds Utilization and Proposed Changes

The company had raised ₹19,945.26 lakhs through its Initial Public Offer, with IPO proceeds of ₹16,072.87 lakhs allocated for specific objects. The postal ballot seeks approval for significant modifications to the original utilization plan.

Key Proposed Modifications

The company proposes to modify a component of the Khalapur facility project, replacing the construction of a 20,000 sq. ft. RCC warehouse (₹7.67 crore) with the acquisition of approximately 2 acres and 32.2 R. of adjoining land at Lohop Village (₹7.80 crore). The land acquisition provides strategic long-term expansion capability and creates a non-depreciating tangible asset.

Deviations in IPO Proceeds Utilization

The Monitoring Agency, CARE Ratings Limited, reported several deviations in its report for the quarter ended December 31, 2025:

Postal Ballot Process Details

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility. Key process details include:

Regulatory Communication and Compliance

Govind Rao, Company Secretary & Compliance Officer, submitted the postal ballot notice and newspaper advertisement copies to both NSE and BSE on May 01, 2026. The communication was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Audit Committee has reviewed and recommended the proposed variations and deviations, while the Board of Directors approved the same on April 20, 2026, subject to shareholder approval. The company confirms no material adverse impact on overall IPO object implementation and maintains that changes are in the best interest of stakeholders.

Project Timeline and Completion

The company has provided specific timelines for project completion: