Chellarams Plc has announced key resolutions passed at its Annual General Meeting (AGM), which was convened and held virtually on Thursday, November 6, 2025.
According to a disclosure signed by the Company Secretary, Ehimare Isiramen, shareholders reviewed and approved critical governance and financial decisions aimed at strengthening the company’s operations and ensuring sustained accountability.
“At the Annual General Meeting of Chellarams Plc (the Company) duly convened and held virtually on 6th day of November, 2025 at 1.00 p.m., the following Resolutions were proposed and duly passed,” Isiramen stated.
Shareholders received and adopted the company’s audited financial statements for the year ended March 31, 2025, along with the accompanying reports of the Directors, the Audit Committee, and the External Auditors.
The meeting also confirmed the re-election of two retiring directors. “Chief Suresh Murli Chellaram and Alhaji Adamu Ahmed Abdulkadir, being Directors retiring by rotation, were duly re-elected as Directors of the Company,” the Company Secretary disclosed.
Additionally, shareholders empowered the Board to determine the remuneration of the external auditors, while noting that details of management remuneration had already been provided. “The remuneration of the managers of the Company was disclosed on page 86 of the Annual Report,” the statement noted.
In line with statutory requirements, new representatives were elected to the Audit Committee for the financial year ending March 31, 2026. The shareholders selected:
- Mr Ezekiel M. Faniyi
- Prince Yomi Ogunsowo
- Mr. Peter Eyanuku
The Board also nominated the following Non-Executive Directors to serve on the same committee:
- Alhaji Ahmed A. Abdulkadir
- Mrs Angela Morenike Agbe-Davies
Furthermore, the shareholders approved the Directors’ fees for the reporting period. “The Directors’ fees for the financial year ended 31st March, 2025, as stated in paragraphs 33.3.3 and 33.3.4, page 86 in the Annual Report, were approved,” the Company confirmed.
News.ng reports that the meeting reflects continued adherence to corporate governance standards and shareholder engagement, despite evolving business and operational environments.
