Vahh Chemicals shareholders approve Maars & Associates as statutory auditor

1 min read     Updated on 14 Aug 2026, 11:09 AM
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AI Summary

Vahh Chemicals shareholders unanimously approved the appointment of Maars & Associates as statutory auditor to fill a casual vacancy. The EGM held on August 13, 2026, saw full support from promoter and public shareholders, with 5.67 million votes cast in favor out of 8.3 million shares outstanding.

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Vahh Chemicals shareholders have approved the appointment of M/s Maars & Associates, Chartered Accountants, as the company’s statutory auditor to fill a casual vacancy. The resolution was passed unanimously during the extraordinary general meeting (EGM) held on August 13, 2026, via video conferencing and other audio-visual means.

The company filed the voting results with the Bombay Stock Exchange on August 14, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment aims to ensure continuity in statutory audit functions following the vacancy.

Voting Details

The EGM was attended by five shareholders representing both promoter and public categories through video conferencing. No shareholders were present in person or via proxy. The voting process was scrutinized by Ranjit Binod Kejriwal, a practicing Company Secretary.

Category Shares Held Votes Polled Votes in Favour % in Favour
Promoter Group 5,367,672 5,367,672 5,367,672 100%
Public Non-Institutions 2,938,196 302,644 302,644 100%
Total 8,305,868 5,670,316 5,670,316 100%

Promoters held 5,367,672 shares and voted entirely in favor. Public non-institutional shareholders, holding 2,938,196 shares, cast 302,644 votes, all supporting the resolution. No votes were recorded against the proposal, and no invalid votes were reported.

Procedural Compliance

The e-voting period remained open from August 10, 2026, at 9:00 am to August 12, 2026, at 5:00 pm. Members on record as of August 7, 2026, were eligible to vote. The votes were unblocked on August 13, 2026, at 4:15 pm in the presence of two independent witnesses, Mr. Pioush Tiwari and Ms. Ria Garg.

The resolution was classified as an ordinary resolution. Promoters declared no interest in the agenda item. The scrutinizer’s report confirmed compliance with Section 108 of the Companies Act, 2013, and Rule 20(4)(xii) of the Companies (Management and Administration) Rules, 2014.

Historical Stock Returns for Vahh Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+3.81%-9.17%-9.17%-9.17%-9.17%

What were the specific circumstances leading to the casual vacancy in Vahh Chemicals' statutory auditor position?

How might the appointment of Maars & Associates impact the timeline or scope of the company's upcoming financial audits?

Does the low participation rate among public non-institutional shareholders indicate broader disengagement with corporate governance at Vahh Chemicals?

Vahh Chemicals launches digital printing vertical with ₹25 lakh investment

1 min read     Updated on 30 Jul 2026, 03:15 PM
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Vahh Chemicals Ltd has launched a new vertical for Digital Printing Chemicals, investing ₹25 Lakhs initially. The move targets the textile printing industry with products like inks and coatings, aiming to diversify revenue and leverage operational synergies.

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Vahh Chemicals has entered the specialty chemicals sector by launching a new vertical dedicated to Digital Printing Chemicals. Announced on July 30, 2026, the initiative involves an initial investment of ₹25 Lakhs and aims to diversify the company’s revenue streams by catering to the textile printing industry and allied sectors. This strategic move allows the firm to capitalize on growing demand for digital printing solutions while strengthening its presence in the broader chemicals market.

The disclosure was made in compliance with Regulation 30 read with Clause 2(b) of Para B of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to BSE Limited by Aayush Hiren Desai, Whole-time Director, who signed the announcement on behalf of the company.

Business Scope and Product Portfolio

The new vertical focuses on the development, manufacturing, marketing, and supply of a range of digital printing chemical products. The product portfolio is designed to serve the specific needs of the textile printing industry and includes:

Product Category Description
Digital Printing Inks Specialized inks for digital textile printers
Coatings Surface treatment solutions for print media
Pretreatment Solutions Chemicals applied before the printing process
Post-treatment Solutions Chemicals applied after printing to fix colors
Allied Products Supporting chemicals for digital printing workflows

Strategic Rationale and Investment Plan

Management stated that the commencement of this vertical is expected to expand the company’s product portfolio and improve operational synergies with existing product lines. The company anticipates that this diversification will enhance its market reach and contribute to long-term growth and profitability.

The initial capital outlay is set at ₹25 Lakhs. The company noted that this investment may be increased in a phased manner as operations scale up and further business requirements arise. This flexible funding approach allows Vahh Chemicals to align additional spending with actual demand and operational milestones in the new segment.

Historical Stock Returns for Vahh Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+3.81%-9.17%-9.17%-9.17%-9.17%

How does Vahh Chemicals plan to differentiate its digital printing inks and coatings from established global competitors in the textile sector?

What is the projected timeline for the new vertical to achieve break-even, given the initial ₹25 Lakhs investment?

Are there any existing partnerships or distribution agreements secured with major textile printing firms to ensure immediate market penetration?

More News on Vahh Chemicals

1 Year Returns:-9.17%