Fairchem Organics Limited's Buyback Resolution Approved by Shareholders
Fairchem Organics Limited has successfully conducted a postal ballot, including remote e-voting, from November 26, 2025, to December 26, 2025. The purpose of this ballot was to seek approval from its ...
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Why is Fairchem Organics Limited in the news today?
Fairchem Organics Limited (FAIRCHEMOR) is in the news due to the company's proposed buyback of equity shares received overwhelming approval from shareholders, indicating strong support for the management's decision.
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Fairchem Organics Limited's Buyback Resolution Approved by Shareholders
December 26, 2025, 12:48 PM
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Fairchem Organics Limited has successfully conducted a postal ballot, including remote e-voting, from November 26, 2025, to December 26, 2025. The purpose of this ballot was to seek approval from its members for a Buy Back of Equity Shares through the tender offer route, as per Section 110 read with Section 68 of the Companies Act, 2013, and SEBI Buy Back Regulations.
The voting results, as reported by Scrutinizer Mr. Uday Dave of M/s Parikh Dave and Associates, indicate that the proposed resolution was passed with an overwhelming majority. Out of 40 members who voted, 85,52,615 valid votes (99.99%) were cast in favour of the resolution, while only 6 members cast 1,034 votes (0.01%) against it. There were no invalid votes.
The postal ballot notice was dispatched on November 24, 2025, to members registered as of the cut-off date of November 21, 2025. Due to relaxations from MCA and SEBI, notices were sent via email, and voting was exclusively through the remote e-voting system provided by MUFG Intime India Private Limited. The e-voting platform was active from November 26, 2025, 9:00 AM IST to December 26, 2025, 5:00 PM IST. The votes were unblocked on December 26, 2025, at approximately 5:10 PM IST in the presence of witnesses.
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