AGM Details
- Meeting Date & Time: Tuesday, September 29, 2026 at 11:30 AM IST
- Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Deemed Venue: Registered Office at 405-406, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel (W), Mumbai - 400013
- Book Closure Dates: Wednesday, September 23, 2026 to Tuesday, September 29, 2026 (both days inclusive)
- Remote E-voting Period: Friday, September 25, 2026 at 09:00 AM to Monday, September 28, 2026 at 05:00 PM
- Cut-off Date for Voting Rights: Tuesday, September 22, 2026
Business Items
Ordinary Business
1. To receive, consider and adopt:
- Standalone Financial Statements for year ended March 31, 2026
- Consolidated Financial Statements for year ended March 31, 2026
2. To appoint a Director in place of Mr. Brijgopal Bang (DIN: 00112203) who retires by rotation and seeks re-appointment
Special Business
3. Approval of Material Related Party Transaction with Thomas Scott (India) Limited
- Transaction Type: Sale/Purchase of Raw Material and Finished Goods and/or Services
- Amount: ₹200 Crores
- Tenure: 1 year from date of approval (September 30, 2026 to September 29, 2027)
- Relationship: Enterprise owned or significantly influenced by Key Managerial Personnel of the Company and/or their relatives
- Resolution Type: Ordinary Resolution
4. Approval of Material Related Party Transaction Between Vedanta Creations Limited (WOS) and Thomas Scott (India) Limited
- Parties: Vedanta Creations Limited (Wholly Owned Subsidiary) and Thomas Scott India Limited
- Transaction Type: Sale/Purchase of Goods and Services
- Amount: ₹100 Crores
- Tenure: 1 year from date of approval (September 30, 2026 to September 29, 2027)
- Resolution Type: Ordinary Resolution
Financial Impact and Historical RPT Data
For Resolution 3 (Company-level RPT):
- Previous FY Transactions (2025-26):
- Purchase transactions: ₹81.02 Crores
- Sale transactions: ₹116.95 Crores
- Total: ₹197.97 Crores
- Current FY Transactions (till June 30, 2026):
- Purchase transactions: ₹15.42 Crores
- Sale transactions: ₹32.27 Crores
- Total: ₹47.69 Crores
- Value as % of Consolidated Turnover: 89.31% of preceding financial year
- Value as % of Related Party's Turnover: 78.46% of preceding financial year
Thomas Scott India Limited Financials (FY2025-26):
- Standalone Turnover: ₹254.88 Crores
- Standalone Networth: ₹137.30 Crores
- Standalone Net Profit: ₹19.30 Crores
Director Shareholding in Related Party:
- Mr. Brijgopal Bang: 22.54%
- Mrs. Vandana Bang: 11.59%
- Mr. Vedant Bang: 3.67%
Director Re-appointment Details (Mr. Brijgopal Bang)
- Qualifications: Commerce Graduate, Master of Management Studies (MMS) from Bombay University (1992)
- Experience: Over 20 years in textile industry
- Board Meetings Attended (FY2025-26): 10 out of 10
- Current Directorships:
- Bang Overseas Limited
- Thomas Scott (India) Limited
- Vedanta Creations Limited
- Equity Holding in Company: 15,21,000 shares (11.22%)
- Current Remuneration: ₹48.00 Lakh
- Proposed Remuneration: ₹50.00 Lakh
Voting and Participation Details
- Scrutinizer: Mrs. Sonam Jain, Practicing Company Secretary (Membership No. F9871, CP No. 12402)
- E-voting Service Provider: National Securities Depository Limited (NSDL)
- Voting Rights: Proportional to shareholding as on cut-off date (September 22, 2026)
- Facility: First-come-first-served basis for 1000 members, excluding large shareholders (2%+), promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors
- Document Availability: Notice and Annual Report available on company website (www.banggroup.com), BSE, NSE, and NSDL websites
Important Notes
- All related parties shall abstain from voting on RPT resolutions
- Physical shareholders must update KYC details by October 1, 2023, to avoid folio freezing
- Company mandated to issue securities only in dematerialized form as per SEBI Circular dated January 25, 2022
- Register of Directors and KMP shareholding available for electronic inspection