StockWatch
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Commodity Chemicals
Board Meeting27 Jul 2026, 07:41 pm

Lords Chloro Alkali Reappoints Whole Time Directors, Approves ESOP Scheme

AI Summary

Lords Chloro Alkali Ltd announced the reappointment of Mr. Deepak Mathur as Whole Time Director for a 3-year term starting Feb 19, 2027. The board also approved remuneration for MD Mr. Ajay Virmani and WTD Mr. Madhav Dhir from April 1, 2027, subject to member approval. Key decisions include approving the Lords Chloro Alkali Employee Stock Option Scheme – 2026, allowing up to 10 lakh options, and increasing borrowing limits to ₹500 Cr. The company also announced a change in Registrar and Share Transfer Agent from M/s Alankit Assignment Ltd to M/s Beetal Financial & Computer Services(P) Limited. Unaudited financial results for Q1 FY27 were also approved.

Key Highlights

  • Reappointment of Whole Time Director Deepak Mathur approved.
  • Remuneration for MD and WTD approved, subject to member consent.
  • Employee Stock Option Scheme (ESOP) 2026 approved for 10 lakh options.
  • Borrowing limit increased to ₹500 Cr.
  • Change in Registrar and Share Transfer Agent announced.