Hindustan Organic Chemicals Ltd — Important, 29-08-2025: Company Update

Hindustan Organic Chemicals Ltd. has announced its 64th Annual General Meeting. Shareholders will vote on adopting the audited financial statements for the year ended March 31, 2025, and director appointments. A key proposal is to reduce the paid-up capital from 337.17 Crore to 67.17 Crore by canceling preference shares worth 270 Crore. This capital restructuring follows the Government of India's waiver of 1,351.38 Crore in company dues, notably improving the balance sheet. The meeting will also consider appointing new independent and government nominee directors and approving auditor remuneration.