Lords Chloro Alkali Limited Reports Voting Results from Extraordinary General Meeting
Lords Chloro Alkali Limited announced the results of its 1st Extraordinary General Meeting (EGM) held on March 18, 2026. The meeting took place at the company's registered office in Alwar, Rajasthan.A total of 47,945 shareholders were on record as of March 11, 2026. Forty-two shareholders were present at the meeting in person or through proxy, with no participation from promoters or promoter groups. No shareholders attended the meeting through video conferencing.
The company approved four resolutions during the meeting. Notably, shareholders re-appointed Shri Ajay Virmani as Managing Director for a further period of 5 years, effective July 12, 2026. The company also approved remuneration for Shri Ajay Virmani and Shri Madhav Dhir and approved an increase in the limit of managerial remuneration for directors.
According to the Scrutinizer's Report by Awanish K Dwivedi & Associates, a total of 25,153,861 shares representing 63.74% of outstanding shares, voted in the meeting.
| Resolution | Category | Total Votes Polled | Votes in Favour | Percentage of Votes in Favour |
|---|---|---|---|---|
| Re-appointment of Shri Ajay Virmani as Managing Director | Ordinary | 25,153,861 | 16,032,445 | 99.9978% |
| Approval of remuneration for Shri Ajay Virmani | Special | 25,153,861 | 16,032,433 | 99.9978% |
| Approval of remuneration for Shri Madhav Dhir | Special | 25,153,861 | 13,375,83 | 99.9740% |
| Approval of increase in managerial remuneration limit | Special | 25,153,861 | 16,032,433 | 99.9978% |
Sixty-one percent of the shares were held by promoter groups, including Ms. Maneesira Dhir, Dhir’ Hotels and Resorts Pvt. Ltd. and Shlva Consultants Pvt. Ltd. who were considered interested parties in Resolution 3. Their votes were therefore excluded from the final tally.
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