Chemcon Speciality Chemicals Limited — Board Meeting, 05-08-2025: Outcome of Board Meeting

Chemcon's board approved its financial results for the quarter ended June 30, 2025. The company also greenlit the acquisition of M/s. Shivam Petrochem Industries, a related party in the chemical business, via a slump sale for up to ₹100 Cr in cash. This move aims for strategic expansion and operational synergies, pending shareholder approval. Shivam Petrochem reported ₹26.46 Cr turnover in FY24-25. Additionally, Mr. Neel Snehalkumar Shah was appointed as an independent director for five years, a decision also subject to shareholder nod. The 36th Annual General Meeting will be held on September 11, 2025, to seek these approvals.