Meeting Details
The 31st Annual General Meeting of Bafna Pharmaceuticals Limited was held on Friday, September 11, 2026 at 10:00 AM IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
The meeting commenced at 10:00 AM and concluded at 10:35 AM.
Attendance and Proceedings
Mr. A. Mohanachandran, Company Secretary, welcomed members and briefed them on participation through audio-visual means. Registers required under the Companies Act, 2013 were made available for electronic inspection.
Mrs. Ravichandran Chitra, Chairperson of the Board, conducted the proceedings. After confirming quorum presence, she introduced Directors, Key Managerial Personnel, Statutory Auditors, Scrutinizer, and Secretarial Auditor present.
The Notice of AGM along with Annual Report for FY 2025-2026 were sent by email to all members with registered email IDs on August 19, 2026.
Business Overview
Ms. S Hemalatha, Whole Time Director, presented an overview of the company's business, performance highlights for FY 2025-2026, and future outlook. She expressed gratitude to shareholders, board members, employees, and stakeholders.
Resolutions Considered
The following businesses were transacted at the AGM:
1. Adoption of Audited Financial Statements for the financial year ended March 31, 2026, together with Reports of Board of Directors and Auditors - Ordinary Resolution
2. Re-appointment of Mr. Upendar Mekala Reddy (DIN: 08898174) as Director who retires by rotation - Ordinary Resolution
3. Ratification of Remuneration payable to Cost Auditors M/s. N. Sivashankaran & Co., Cost Accountants (ICMAI FRN. 100662), Chennai for FY 2026-2027 - Ordinary Resolution
Voting Arrangements
Remote e-voting facility was provided through CDSL for three days from September 8, 2026 (9:00 AM) to September 10, 2026 (5:00 PM).
Mr. Balu Sridhar, Partner of M/s. A.K. Jain & Associates, Company Secretaries, Chennai, was appointed as Scrutinizer for both remote e-voting and e-voting during the AGM.
Voting through CDSL e-voting facility remained available for 30 minutes after meeting conclusion. Voting results will be declared within two working days of meeting conclusion and uploaded on company website and stock exchanges.
Shareholder Engagement
The Company Secretary explained the question & answer procedure for registered speakers. Mr. Bafna Mahaveer Chand, Chief Executive Officer, addressed queries raised by members.
Qualifications and Reports
The Company Secretary read out qualifications made in the Independent Auditors' Report and Secretarial Audit Report, along with explanations and replies provided by the Board of Directors.