Meeting Details

  • Date: Wednesday, 30th September 2026
  • Time: Commenced at 12:30 P.M. (IST) and concluded at 1:00 P.M. (IST)
  • Location/Type: The meeting was held through two-way Video Conferencing (VC) facility / Other Audio-Visual Means (OAVM).

Summary of Proposed Resolutions

Four ordinary resolutions were put to vote through remote e-voting and e-voting at the AGM:

1. Adoption of the Audited Standalone Financial Statements for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and the Auditors thereon.

2. Adoption of the Audited Consolidated Financial Statements for the financial year ended 31st March 2026, together with the Reports of the Auditors thereon.

3. Declaration of a Final Dividend at the rate of 1.5% (i.e., Rs. 0.15 per equity share of Rs. 10/- each) for the Financial Year ended 31st March 2026.

4. Re-appointment of Mr. Trimaan Jaspalsingh Chandock (DIN: 02853445), who retired by rotation, as a director.

5. Ratification of the payment of remuneration to the Cost Auditors for the Financial Year 2026-27.

Voting Process

  • The voting was conducted via remote e-voting and e-voting at the AGM.
  • The e-voting facility remained open for 15 minutes after the closure of the meeting (until 1:15 P.M. IST).
  • Members were informed that a consolidated report on the total votes cast in favour and against each resolution would be submitted by the Scrutinizer within two working days.
  • The company will subsequently declare the results by notifying the stock exchanges and publishing them on its website (www.baluindustries.com).

Key Proceedings and Other Information

  • Mr. Jaikaran Chandock, Whole-Time Director, presided over the meeting.
  • The requisite quorum was present.
  • Directors, Key Managerial Personnel, Statutory Auditors, Secretarial Auditor, Internal Auditors, and the Scrutinizer were present and introduced to the members.
  • The Statutory Auditors' Report and the Secretarial Audit Report for FY ended 31st March 2026 contained no qualifications, observations, or adverse remarks.
  • Mr. Jaikaran Chandock addressed the members on the company's performance, progress, and future outlook.
  • Members were directed to a comprehensive set of Frequently Asked Questions released with the earnings announcement for additional clarity on their queries.
  • Statutory registers and other documents referred to in the AGM notice were available for electronic inspection.

Compliance

  • The meeting was conducted in compliance with the Companies Act, 2013, its rules, the SEBI (LODR) Regulations, 2015, and relevant circulars from the Ministry of Corporate Affairs and SEBI.
  • The voting results and Scrutinizer's Report will be submitted separately under Regulation 44(3) of the SEBI Listing Regulations.
  • The full proceedings are also available on the company's website at https://baluindustries.com/shareholder-information.