Ishan Dyes & Chemicals Holds EOGM: Approves Capital Increase and Share Issuance
Ishan Dyes & Chemicals Limited held an Extra-Ordinary General Meeting (EOGM) on August 14, 2025, via video conferencing. The company proposed three special resolutions: increasing authorized share capital, issuing convertible equity warrants to promoters worth up to INR 28.88 crore, and issuing equity shares to non-promoters worth up to INR 34.12 crore. The meeting, chaired by Whole Time Director Shrinal Piyushbhai Patel, provided remote e-voting facilities and appointed Kunal Sharma as the scrutinizer for the voting process.
Ishan Dyes & Chemicals released Q1 financial results showing significant declines. Net revenue decreased by 50.6% to Rs 1,628.83 lakhs, while net profit fell by 65.5% to Rs 30.40 lakhs. The company appointed M/s Kunal Sharma & Associates as Secretarial Auditors for a five-year term. The 32nd Annual General Meeting is scheduled for September 29 via video conferencing.