Polychem Ltd — Others, 08-08-2025: AGM/EGM

Polychem Limited will hold an Extra Ordinary General Meeting on September 1, 2025, seeking shareholder approval to sell a property of its material subsidiary, Gujarat Poly Electronics Limited (GPEL). The property, consisting of land and a factory building in Gandhinagar, is proposed to be sold to Tirex Transmission Private Limited for Rs. 29 Cr. This move aims to unlock value from underutilised assets, reduce ongoing costs, and utilise proceeds for GPEL's general corporate purposes, including debt repayment, without impacting its existing business operations. The board supports this disposal.