Sumitomo Chemical India Limited has scheduled its Twenty-Sixth Annual General Meeting for Monday, 27 July 2026, at 02:30 P.M. via Video Conferencing. The meeting seeks shareholder approval for a significant leadership transition, with Dr Suresh Ramachandran, currently Deputy Managing Director, proposed to be promoted to Managing Director effective 1 September 2026. Concurrently, Mr Chetan Shah, the outgoing Managing Director, is proposed to be appointed as Non-Executive Non-Independent Director from the same date. Shareholders will also consider the reappointment of Mr N Sivaraman and the appointment of Mr Anand Mohan Tiwari as Independent Directors.

Leadership and Board Changes

Dr Suresh Ramachandran’s promotion to Managing Director is subject to the approval of a special resolution, with his tenure extending until 31 May 2028. His annual gross salary is set at ₹28,066,500. Mr Chetan Shah will transition to the role of Non-Executive Non-Independent Director and Advisor, with the Board approving remuneration not exceeding ₹30 million for the period from September 2026 to August 2027. The Board also proposes the reappointment of Mr N Sivaraman as Independent Director for a three-year term ending 31 August 2029, and the appointment of Mr Anand Mohan Tiwari as Independent Director for a two-year term ending 30 August 2028.

Dividend and Related Party Transactions

The Board has recommended a dividend of ₹1.30 per equity share for the financial year ended 31 March 2026. The record date for determining eligibility has been fixed as Friday, 17 July 2026, with payment scheduled on or after Monday, 3 August 2026. Additionally, shareholders will vote on approving related party transactions with holding company Sumitomo Chemical Company, Limited, Japan. The aggregate value of these transactions for FY 2026-27 is estimated at ₹16,235 million, representing 50.59% of the Company's consolidated turnover for FY 2025-26.

Key AGM Details

The meeting also includes the ratification of the remuneration of Cost Auditors M/s GMVP & Associates LLP. The remote e-voting period commences on 23 July 2026 and concludes on 26 July 2026.

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Sumitomo Chemical India Limited filed its Business Responsibility and Sustainability Report for FY26, reporting zero safety incidents and 100% coverage for human rights training. The company disclosed that it achieved a total energy consumption of 403,367 GJ, with 29,797 GJ sourced from renewable energy. The report, which covers the period from 01 April 2025 to 31 March 2026, was assured by M/s Chokshi & Chokshi LLP, Chartered Accountants.

Operational and Employee Metrics

The company operates 5 plants and 7 offices nationally, with a total workforce of 5,155 individuals, including 2,389 employees and 2,766 workers. The report indicates that 100% of permanent employees and workers were covered by health and accident insurance. Sumitomo Chemical India reported that 21.26% of its total turnover was derived from exports during the financial year.

Environmental Performance

Total Scope 1 and Scope 2 greenhouse gas emissions were reported at 23,410 metric tons and 17,149 metric tons of CO2 equivalent, respectively. The company generated 16,075 metric tons of waste, of which 10,572 metric tons were recovered through recycling, reusing, or other recovery operations. Water withdrawal totaled 491,031 kilolitres, with the company implementing zero liquid discharge at its Gajod and Silvassa sites.

Governance and Assurance

Mr Sushil Marfatia, Executive Director, is authorised by the Board as the director responsible for decision-making on sustainability-related issues. The company confirmed that it has not engaged any external agency for the assessment or evaluation of its policies, though internal reviews are conducted regularly. The independent assurance report verified that the identified sustainability information was prepared in all material respects in accordance with the specified criteria.

Stakeholder Engagement and Social Impact

The company identified material issues such as occupational health and safety, consumer health, and human rights as key risks and opportunities. It spent 0.40% of its total revenue on well-being measures for employees and workers. Under its Corporate Social Responsibility initiatives, the company spent ₹123.98 million in designated aspirational districts, benefiting approximately 149,127 individuals.