AksharChem (India) Limited has announced the resumption of production at its Green plant in Mahesana, Gujarat, following a planned shutdown for repair and maintenance. The company, known for its presence in the chemical industry, provided key details about the plant's operations and the impact of the temporary closure.

Plant Details and Shutdown Information

Impact on Company Financials

AksharChem has stated that the temporary shutdown of its Green plant does not have any material impact on the company's financials. This reassurance is likely to be welcomed by investors and stakeholders who closely monitor the company's operational efficiency and financial performance.

Significance of Timely Maintenance

The planned nature of the shutdown underscores AksharChem's commitment to maintaining its production facilities. Regular maintenance and repairs are crucial in the chemical industry to ensure:

• Optimal plant performance
• Compliance with safety standards
• Long-term operational efficiency

By proactively addressing maintenance needs, AksharChem demonstrates its focus on sustainable operations and risk management.

Conclusion

The timely resumption of operations at the Green plant signals AksharChem's operational readiness and may contribute to maintaining investor confidence in the company's manufacturing capabilities and management practices. As the chemical sector continues to play a vital role in India's industrial landscape, such operational updates provide valuable insights into the industry's dynamics and individual company strategies for maintaining competitiveness in the market.

AksharChem (India) Limited , a prominent player in the chemical industry, has announced a planned shutdown of its Green plant for essential repair and maintenance activities. The company made this disclosure in compliance with SEBI regulations.

Shutdown Details

The Green plant, located at Village Indrad, Chhatral-Kadi Road, Mahesana-382715, Gujarat, commenced its shutdown on September 15. According to the company's statement, the maintenance period is expected to last up to three weeks.

Regulatory Compliance

In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, AksharChem (India) Limited promptly informed the stock exchanges about this development. The official communication was signed by Mehul Naliyadhara, the Company Secretary & Compliance Officer.

Coinciding with Annual General Meeting

The announcement of the plant shutdown coincided with the company's 36th Annual General Meeting (AGM), which was also held on September 15. The AGM took place at the company's registered office, 'Akshar House', Chhatral-Kadi Road, Indrad-382715, Mahesana.

Key AGM Proceedings

During the AGM, several important matters were addressed:

1. Adoption of Audited Financial Statements for the year ended March 31
2. Declaration of Final Dividend
3. Re-appointment of directors Mr. Munjal M. Jaykrishna and Mr. Ashok D. Barot
4. Re-appointment of Mrs. Paru M. Jaykrishna as Chairperson & Managing Director
5. Appointment of Secretarial Auditor
6. Ratification of Cost Auditors' remuneration

The meeting, which began at 12:00 p.m. and concluded at 12:45 p.m., saw the transaction of these businesses through remote e-Voting and Poll at the AGM, as mandated by the Companies Act, 2013 and Listing Regulations.

While the plant shutdown is a significant operational event, the company's proactive disclosure and the concurrent AGM demonstrate AksharChem's commitment to transparency and corporate governance.