Bhatia Colour Chem Ltd Announces Director Reappointments and Material Related Party Transactions Approval for AGM

Bhatia Colour Chem Ltd Announces Director Reappointments and Material Related Party Transactions Approval for AGM​

Bhatia Colour Chem Limited has outlined several key corporate matters requiring shareholder approval at its forthcoming 5th Annual General Meeting (AGM). The meeting, scheduled for Tuesday, August 25, 2026, is set to take place at the company's Registered Office in Udhna Surat.

The AGM agenda includes receiving and adopting the Audited Financial Statements for the financial year ended March 31, 2026, along with the Board of Directors’ report and the Statutory Auditor’s report. Additionally, shareholders are sought to ratify the remuneration of M/s V.M. Patel & Associates, Practising Cost Accountants (Firm Registration No. 101519), for conducting the audit of cost records for the financial year 2026-27, at a remuneration of Rs. 30,000/- plus applicable taxes and reimbursement of out of pocket expenses.

Director Reappointments and Remuneration​

The company has proposed several Special Resolutions seeking member approval for the re-appointment of its key directorial personnel for a tenure of five years, commencing from January 21, 2027 to January 20, 2032.

Key appointments under consideration include:

• Mr. Bharat Brijlal Bhatia (DIN: 09095082): Proposed for re-appointment as Managing Director, with proposed remuneration of Rs. 7,00,000/- per month.
• Mr. Rameshchand Chanduram Bhatia (DIN: 09431185): Proposed for re-appointment as Whole Time Director, with proposed remuneration of Rs. 7,00,000/- per month.
• Mr. Ravi Ashokkumar Bhatia (DIN: 09431186): Proposed for re-appointment as Whole Time Director and an increase in remuneration, setting the new compensation at Rs. 2,50,000/- per month.

Material Related Party Transactions Sought Approval​

The notice also calls for member approval regarding multiple Material Related Party Transactions (RPTs) with various associated entities. The proposed transactions are intended to be conducted on an arm's length basis and in the ordinary course of business.

Details of the RPT proposals include:

• Mr. Bharat Brijlal Bhatia: Approval is sought for a transaction with the Managing Director, representing an aggregate value not exceeding 221.04 Crores (Rupees Two Hundred Twenty One Crores Four Lakhs Only).
• Mr. Rameshchand Chanduram Bhatia: The approval request relates to an aggregate value not exceeding 21.04 Crores (Rupees Twenty One Crores Four Lakhs Only).
• Mr. Ravi Ashokkumar Bhatia: Approval is sought for transactions totaling up to 40.30 Crores (Rupees Forty Crores Thirty Lakhs Only).
• M/s Vapchem, Partnership firm: The company seeks approval for a transaction with the partnership firm, representing an aggregate value not exceeding 220 Crores (Rupees Two Hundred Twenty Crores Only).

Financial details related to the performance of the related parties in FY 2024-25 have been disclosed in the Explanatory Statement provided alongside the notice.

Stock Price Movement​

Bhatia Colour Chem Ltd shares are ticking up as of 15:25, currently trading at ₹34.96 following a 2.64% climb for the day. Throughout the session, the stock moved between an intraday low of ₹33.89 and reached a high of ₹35.64.