TECIL Chemicals and Hydro Power Limited held its 81st Annual General Meeting (AGM) on September 24, 2026, in Chingavanam, Kerala. The meeting focused on the adoption of financial statements for FY26 and the re-appointment of key leadership figures.

The Board of Directors proposed the re-appointment of Varghese Kurian as Managing Director and Chairman. Additionally, shareholders were asked to approve the continuation of Lizhyamma Kurian as Whole-time Director, Jeeben Varghese Kurian as Executive Director and CEO, and Shaji K. Mathew as Whole-time Director. These resolutions were passed as Ordinary Resolutions.

Meeting proceedings and attendance

The meeting commenced at 2:30 pm with Mr. Shaji K. Mathew occupying the chair after confirming the requisite quorum. The Company Secretary informed members that the meeting was convened in compliance with the Companies Act, 2013, and SEBI regulations.

Remote e-voting facilities were provided via Central Depository Services (India) Limited (CDSL). Members could cast votes from September 21 to September 23, 2026. For those unable to vote remotely, poll voting was available at the venue. CS Harikrishnan R served as the Scrutinizer for the voting process.

Directors present

Key management personnel present included Chief Financial Officer SRS Iyer and Company Secretary Jofin John. Statutory Auditor CA S Rajeeva Pai of S R Pai & Co also attended.

Agenda items transacted

The following businesses were transacted during the meeting:

1. Adoption of Audited Standalone Financial Statements for FY26.
2. Re-appointment of Varghese Kurian as Managing Director and Chairman.
3. Re-appointment of Lizhyamma Kurian as Whole-time Director.
4. Re-appointment of Jeeben Varghese Kurian as Executive Director and CEO.
5. Re-appointment of Shaji K. Mathew as Whole-time Director.

Members were given an opportunity to raise questions regarding the financial statements and other agenda items. The Chairman and management addressed these queries before the voting process concluded. The meeting ended at 3:40 pm.

Tecil Chemicals & Hydro Power has scheduled its 81st Annual General Meeting for September 24, 2026, at The Palms Hotel in Chingavanam, Kerala. Shareholders can exercise remote e-voting from September 21 to September 23 through Central Depository Services (India) Limited.

The gathering will address the adoption of financial statements and the re-appointment of four key board members. The company reported a net loss of ₹42.47 lakh for FY26, an increase from the ₹38.74 lakh loss recorded in FY25. This deterioration occurred despite total revenue remaining flat at ₹0.01 lakh, driven entirely by other income rather than operations.

What the Numbers Show

The widening loss is attributable to rising operational costs in a pre-revenue environment. Other expenses climbed to ₹27.29 lakh from ₹24.90 lakh in the prior year. Depreciation also increased by 53% to ₹3.67 lakh. With no revenue from operations to offset these outflows, the company continues to rely on promoter funding to sustain its corporate structure while awaiting regulatory approvals for its proposed hospitality project.

Financial Performance

The company has not carried out manufacturing operations for several years. Its financial position reflects a holding pattern as it seeks approvals for a new industrial and recreational park project in Chingavanam, Kerala.

Total comprehensive income was nil for both periods. The basic and diluted earnings per share stood at (₹0.22) for FY26, compared to (₹0.20) in FY25.

Board Re-appointments

Shareholders will vote on the re-appointment of the following directors for five-year terms until the conclusion of the 86th AGM:

• Mr. Varghese Kurian as Managing Director and Chairman
• Mrs. Lizhyamma Kurian as Whole-time Director
• Mr. Jeeben Varghese Kurian as Executive Director and CEO
• Mr. Shaji K Mathew as Whole-time Director

The Nomination and Remuneration Committee recommended these appointments without remuneration. The company currently employs two individuals, with no female or transgender staff members on record as of March 31, 2026.

E-voting and Logistics

The Registrar of Members and Share Transfer Books will remain closed from September 16 to September 24, 2026. The cut-off date for determining shareholders eligible for e-voting is September 17, 2026. Remote e-voting commences on Monday, September 21, at 9:00 am and remains open until Wednesday, September 23, at 5:00 pm. Once a vote is cast, it cannot be changed or re-cast. Mr. Harikrishnan R has been appointed as the scrutinizer for the remote e-voting process.