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Chembond Material Technologies Limited has announced a board meeting outcome approving the financial results for the quarter and half-year, with a clean audit opinion. The Board declared a dividend of Rs. 1.75 per share, subject to approval. Leadership changes include the appointment of Mr. Jaywant K. Tawade as Additional Executive Director and re-appointment of Mr. Sameer V. Shah as Chairman & Managing Director for three years. Mr. Ashwin R. Nagarwadia resigned as Non-executive Director, while Mr. Nirmal V. Shah shifted to Non-executive Director due to his CMD role at the resulting company after restructuring. The company plans auditor changes post-AGM and approved a 400,000-option Employee Stock Option Scheme 2025, pending shareholder consent. The recent amalgamation and demerger restructuring, effective April 1, 2024, will influence operations and financials going forward.
All announcements from Chembond Material Technologies Limited