Promoter Paxal Shah acquired 2,000 equity shares of Yash Chemex Limited through an open market transaction on the BSE on September 7, 2026. The purchase was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquisition increased Shah’s holding from 831,597 shares (8.11%) to 833,597 shares (8.13%). The total equity share capital of the company remained unchanged at ₹10,24,34,250, comprising 1,02,43,425 equity shares of face value ₹10 each.

Acquisition Details

Shah, along with Persons Acting in Concert (PAC), including M/s Yashwantlal C Shah HUF and M/s Pritesh Y Shah HUF, disclosed the transaction to the stock exchange. The PAC group includes Mr. Pritesh Yashwantlal Shah, Mrs. Chandrika Y Shah, and Mrs. Dimple Priteshkumar Shah.

The transaction did not alter the company’s total voting capital or diluted share capital. No encumbrances or convertible securities were involved in this specific acquisition.

Yash Chemex has scheduled its 20th Annual General Meeting for September 30, 2026. The meeting will address the adoption of financial statements for FY26 and approve significant related-party transactions.

The company seeks shareholder approval to enter into material related-party transactions with four entities: Yasons Chemex Care Limited, Yash Chem, Yash Corporation, and Rishit Ploysurf LLP. Each transaction is capped at ₹50 crore per instance. These deals cover purchases, sales, loans, and investments over FY27, FY28, and FY29.

Auditor Appointment

The Board recommends appointing M/s TRS & Associates as statutory auditors for five years, from FY27 to FY31. This follows the resignation of the previous auditors, M/s S. L. Patel & Co., due to age and medical reasons. The proposed annual fee is ₹3 lakh plus GST.

Related-Party Transaction Details

The proposed transactions involve entities linked to the Managing Director, Pritesh Y. Shah, and the company’s subsidiary. The Audit Committee confirmed these deals are at arm’s length.

What the Numbers Show

The volume of past transactions with related parties indicates significant operational interdependence. In FY25-26, purchases from Yash Chem (₹460.60 lakh) and Rishit Ploysurf (₹349.00 lakh) exceeded sales to these entities, suggesting these related firms serve as key suppliers for Yash Chemex’s manufacturing or trading activities.

Meeting Logistics

Remote e-voting opens on September 27, 2026, and closes on September 29, 2026. The cut-off date for determining voting eligibility is September 23, 2026. Mrs. Dimple Priteshkumar Shah retires by rotation and offers herself for re-appointment.