Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Ballarpur Industries Limited

Meeting Details

The 81st AGM was held on Friday, September 25, 2026, through Video Conference Mode (VC). The meeting commenced at 11:30 A.M. and concluded at 11:56 A.M., lasting 26 minutes. The deemed venue was the registered office of the Company.

Attendance

Mr. Hardik Bharat Patel, Chairman of the Company, chaired the meeting. All six directors attended, including the chairs of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. Representatives of the statutory auditor, secretarial auditor, and scrutinizers also attended.

Shareholder attendance breakdown:

  • In Person: Nil (both Promoter/Promoter Group and Public)
  • Through Proxy/Authorized Representative: Nil (both Promoter/Promoter Group and Public)
  • Through Video Conference: 1 (Promoter/Promoter Group) + 55 (Public) = 56 total attendees

Voting Process and Methods

The Company tied up with National Securities Depositories Limited (NSDL) to provide remote e-voting facility. The remote e-voting period commenced on Tuesday, September 22, 2026, at 9:00 A.M. and ended on Thursday, September 24, 2026, at 5:00 P.M.

M/s. Viral Sanghavi & Associates, Company Secretaries were appointed as Scrutinizer for scrutiny of votes cast through remote e-voting platform and electronic voting at the AGM.

During the meeting, the e-voting facility was kept open for 15 minutes to enable members who had not already cast their vote to do so.

Resolutions Considered

The following six resolutions were proposed and voted upon:

1. Ordinary Resolution: To receive, consider and adopt the audited financial statements (including consolidated financial statements) of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and auditors thereon.

2. Ordinary Resolution: Re-appointment of Mr. Parashiva Murthy B S (DIN: 00011584) as Non-Executive Director of the Company.

3. Special Resolution: To consider and approve the proposed sale/disposal of the Company's non-core assets.

4. Ordinary Resolution: To consider and approve material related party transactions with Mr. Hardik Bharat Patel (Chairman & Whole-Time Director) under Companies Act, 2013 and SEBI Listing Regulations.

5. Ordinary Resolution: To consider and approve material related party transactions with Finquest Financial Solutions Private Limited under Companies Act, 2013 and SEBI Listing Regulations.

6. Ordinary Resolution: Ratification of remuneration to Cost Auditors.

Additional Proceedings

Mr. Hardik Bharat Patel delivered a speech regarding the Company's performance. Ms. Surbhi Dinesh Chachada provided general instructions to members regarding participation in the meeting.

Registered speakers addressed the meeting through video conference and expressed their views. Statutorily required documents were available electronically for inspection by members who requested them.

Compliance Statement

The meeting was convened and conducted in accordance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI). The Chairman confirmed that all efforts were made to enable members to participate through video conferencing and vote on proposed items.

Outcome Communication

The e-voting results along with the consolidated Scrutinizer's Report were to be informed to Stock Exchanges and placed on the Website of the NSDL and Stock Exchanges.