Chembond Material Technologies Limited — Others, 30-05-2025: Change in Auditors

Chembond Material Technologies has announced a board meeting approving the financial results for the quarter and half-year, reporting consolidated revenue of Rs. 201.30 Cr with a profit before tax of Rs. 17.91 Cr, and standalone revenue of Rs. 171.21 Cr with a profit before tax of Rs. 19.19 Cr. The Board approved a dividend of Rs. 1.75 per share, subject to shareholder approval. The company completed a composite scheme involving amalgamation and demerger, effective from April 1, 2024. Leadership changes include new appointments and resignations. Auditors SHBA & Co LLP plan to resign after the 50th AGM, with M/s Kastury & Talati proposed as successors. A new Employee Stock Option Scheme 2025 for 400,000 options was approved, pending consent. The company is focusing on specialty chemicals and animal health, with improved profitability and strategic restructuring sharpening its business focus.