Chellarams Plc has scheduled its 76th Annual General Meeting to be held virtually on November 6, 2025, where shareholders will deliberate on key corporate matters, including the company’s audited accounts and director re-elections.
Company Secretary, Ehimare Isiramen, announced the meeting in a notice to shareholders, outlining the agenda items for consideration.
According to the statement sent to the Nigerian Exchange Limited (NGX) on Wednesday, “Notice is hereby given that the 76th Annual General Meeting of the members of Chellarams Plc will be held virtually on 6th November, 2025, at 1.00 p.m. to transact the following businesses.”
The meeting will address several critical items, including receiving and considering the audited accounts for the year ended March 31, 2025, along with reports from the directors, the audit committee, and auditors. Shareholders will also vote on the re-election of retiring directors, authorise directors to fix auditors’ remuneration, and elect members of the statutory audit committee, Isiramen noted.
An ordinary resolution will seek approval for directors’ fees for the financial year ended March 31, 2025, as detailed in the annual report.
Isiramen added that the company has provided shareholders with options for proxy representation, naming six proposed proxies, including Chairman Asiwaju (Dr.) S.K. Onafowokan, Managing Director, Chief Suresh M. Chellaram, and Chief Executive Officer, Mr Aditya S. Chellaram, among others.
Regarding proxy arrangements, Isiramen noted: “A proxy Form is attached to the Annual Report and may be downloaded from the Company’s website at www.chellaramsplc.com or the Registrar’s website at [email protected].”
The company has arranged to cover stamping costs for properly completed proxy forms submitted within the stipulated timeframe.
In compliance with the Companies and Allied Matters Act (2020) and the Business Facilitation (Miscellaneous Provisions) Act, the meeting will be conducted electronically.
“Pursuant to the provisions of S.240(2) the Companies and Allied Matters Act (2020) and the Business Facilitation (Miscellaneous Provisions) Act which enables Public Companies conduct their Meetings electronically, this year’s Annual General Meeting shall be held virtually and a link to enable virtual participation by shareholders will be sent to shareholders by email and would be available on the Company’s website at www.chellaramspic.com,” the notice stated.
The company announced that its register of members and transfer books will be closed from October 22 through October 29, 2025, both dates inclusive.
Regarding the audit committee, the company reminded shareholders of nomination requirements: “Section 404(5) of the Companies and Allied Matters Act 2020 requires that all members of the Audit Committee shall be financially literate and at least one member shall be a member of a professional accounting body in Nigeria established by an Act of the National Assembly. We therefore request that nominations must be accompanied by a copy of the nominee’s Curriculum Vitae.”
Two directors — Chief Suresh Murli Chellaram and Alhaji Adamu Ahmed Abdulkadir — will retire by rotation and have offered themselves for re-election. Special notice was given regarding Alhaji Abdulkadir, who is over 70 years old but eligible for re-election pursuant to Section 282 of CAMA, 2020.
The company has also addressed unclaimed dividends and encouraged affected shareholders to contact the registrar, Greenwich Registrars and Data Solutions Limited, during normal working hours.
Shareholders retain the right to submit questions in writing prior to the meeting, with submissions due to the Company Secretary by November 4, 2025.
“Shareholders have a right to ask questions not only at the Meeting, but also in writing prior to the Meeting, and such questions must be submitted to the Company Secretary at the registered office of the company on or before 4th November, 2025,” Isiramen emphasised.
The 2025 annual report is available in soft copy on the company’s website and has been sent to shareholders who provided email addresses to the registrars.
“The Annual General Meeting will be streamed live via the Company’s website: http://www.chellaramspic.com/. The link for live streaming can be found on the Company’s website,” the notice concluded.
