Alchemist Corporation Ltd 33rd AGM Outcomes

Alchemist Corporation held its 33rd Annual General Meeting on September 29, 2026, marking a shift in management focus toward the digital media and IT sectors.

Reader Takeaway: Wallet Circle Technologies takes control as Alchemist pivots strategy toward digital media and IT services.

What just happened

Alchemist Corporation Limited conducted its 33rd Annual General Meeting (AGM) via video conferencing. The meeting was chaired by Mr. Akshay Chaturvedi in the absence of Mr. Arjit Sachdeva. The company confirmed that both the Statutory Auditor’s report and the Secretarial Audit report for FY 2026 were issued without qualifications, adverse remarks, or reservations.

Why this matters

The meeting confirmed the formalization of the company’s new direction following Wallet Circle Technologies Limited’s acquisition of a controlling equity stake. Management indicated a strategic focus on expanding operations within digital media, advertising, and information technology.

Agenda Items and Business Decisions

Shareholders voted on eight specific business items, including two ordinary and six special items:

• Financial Approval: Adoption of FY2026 audited standalone and consolidated financial statements.
• Governance: Re-appointment of Mr. Arjit Sachdeva as a Director.
• Strategic Powers: Authorization of borrowing limits (Section 180(1)(c)) and power to lease or dispose of company undertakings (Section 180(1)(a)).
• Related Party Transactions: Approval for material transactions with Wallet Circle Technologies Limited and Anka India Limited, as well as provisions for inter-corporate loans to the new parent company.

Governance and Voting

The e-voting process, facilitated by CDSL, ran from September 26 to September 28, 2026. Mr. Saurabh Sinha served as the scrutinizer for the meeting, with final results and the scrutinizer’s report expected to be filed with the stock exchanges shortly.