Meeting Details
The postal ballot process does not involve a physical meeting. The remote e-voting period commences on Saturday, 17th October, 2026 from 10:00 A.M. IST and ends on Sunday, 15th November, 2026 at 5:00 P.M. IST. The results will be announced on or before 5:00 P.M. IST on Tuesday, 17th November, 2026.
Proposed Resolutions and Implications
Resolution 1: Approval under Section 180(1)(a)
Special Resolution to authorize the Board to sell, lease, mortgage, charge, hypothecate, pledge or otherwise dispose of all or any part of the company's present and future assets, properties, or undertakings to secure borrowings for the company or its group entities. The aggregate indebtedness secured shall not exceed limits approved under Section 180(1)(c).
Resolution 2: Approval of Overall Borrowing Limits under Section 180(1)(c)
Special Resolution to authorize borrowing up to ₹2000,00,00,000/- (Indian Rupees Two Thousand Crores only), exceeding the aggregate of paid-up capital, free reserves, and securities premium. Borrowings may include loans, advances, deposits, debentures, and fund/non-fund based facilities from various sources.
Resolution 3: Approval for Grant of Loan under Section 185
Special Resolution to authorize loans, guarantees, or securities up to ₹1000,00,00,000/- (Rupees One Thousand Crores only) to subsidiaries, associates, joint ventures, group entities, or bodies corporate where directors are interested.
Resolution 4: Enhancement of Limits under Section 186
Special Resolution to authorize loans, guarantees, securities, and investments up to ₹1000,00,00,000/- (Rupees One Thousand Crores only), exceeding the prescribed limits of 60% of paid-up share capital, free reserves and security premium account or 100% of free reserves and securities premium account.
Voting Process and Methods
The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities. Voting is available only through electronic mode with no physical ballot forms dispatched. The cut-off date for determining voting eligibility is Friday, 9th October, 2026. Members whose email addresses are registered with the company/depositories as of this date will receive the notice electronically.
Scrutinizer Appointment
The Board of Directors has appointed M/s Viral Sanghvi & Associates, Practicing Company Secretary, as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The Scrutinizer's decision on the validity of votes shall be final.
Compliance Confirmation
The notice confirms compliance with Section 110 of the Companies Act, 2013, Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of SEBI Listing Regulations, Secretarial Standard SS-2, and various MCA Circulars including General Circular Nos. 14/2020, 17/2020, and 09/2024.
Additional Information
The notice is available on the company's website (https://biltpaper.in/) and stock exchange websites (BSE and NSE). Institutional shareholders must submit scanned copies of Board Resolutions/Authority letters to the Scrutinizer at cs.viralsanghavi@gmail.com with copy to evoting@nsdl.com.