BCL Industries 50th AGM Approves Dividend and Resolutions

Meeting Details

The 50th Annual General Meeting was held on 25th September 2026 at 03:00 P.M. (IST).

Proposed Resolutions and Implications

Seven resolutions were proposed and passed at the AGM:

1. Ordinary Resolution: To declare a dividend of 35 paisa (Thirty-Five paisa only) per equity share on the fully paid-up share capital of the Company for the Financial Year 2025-26

2. Ordinary Resolution: To re-appoint Mr. Sat Narain Goyal (DIN: 00050643) as Director who retires by rotation

3. Ordinary Resolution: Item not fully described in data (appears to be another director appointment)

4. Ordinary Resolution: Item not fully described in data

5. Special Resolution: Re-appointment of Mr. Parampal Singh Bal (DIN: 09013282) as an Independent Director

6. Special Resolution: Approval for borrowing monies under Section 180 of Companies Act, 2013

7. Special Resolution: Item not fully described in data

Voting Process and Methods

The voting was conducted through remote e-voting facility provided by MUFG Intime Private Limited. No poll or postal ballot voting was conducted for any resolution.

Key Voting Outcomes

Overall Participation

Total shares outstanding: 295,163,340
Total votes polled across all resolutions: ~177.76 million (60.22% turnout)

Resolution-wise Results:

Resolution 1 (Dividend Declaration - Ordinary)

Total votes polled: 177,759,574
Votes in favor: 177,754,765 (99.9973%)
Votes against: 4,809 (0.0027%)

Resolution 2 (Re-appointment of Sat Narain Goyal - Ordinary)

Total votes polled: 177,759,575
Votes in favor: 177,753,114 (99.9964%)
Votes against: 6,461 (0.0036%)

Resolution 3 (Undisclosed - Ordinary)

Total votes polled: 177,759,576
Votes in favor: 177,754,317 (99.9970%)
Votes against: 5,259 (0.0030%)

Resolution 4 (Undisclosed - Ordinary)

Total votes polled: 177,759,576
Votes in favor: 177,754,317 (99.9970%)
Votes against: 5,259 (0.0030%)

Resolution 5 (Re-appointment of Parampal Singh Bal - Special)

Total votes polled: 177,759,577
Votes in favor: 177,752,866 (99.9962%)
Votes against: 6,711 (0.0038%)

Resolution 6 (Borrowing Powers - Special)

Total votes polled: 177,759,578
Votes in favor: 177,754,269 (99.9970%)
Votes against: 5,309 (0.0030%)

Resolution 7 (Undisclosed - Special)

Total votes polled: 177,759,579
Votes in favor: 177,751,770 (99.9956%)
Votes against: 7,809 (0.0044%)

Category-wise Participation:

Promoter and Promoter Group

Shares held: 171,881,444
Votes polled: 170,827,644 (99.39% participation)
100% voted in favor of all resolutions

Public Institutions

Shares held: 3,377,191
Votes polled: 288,708 (8.55% participation)
100% voted in favor of all resolutions

Public Non-Institutions

Shares held: 119,904,705
Votes polled: 6,643,221-6,643,227 across resolutions (5.54% participation)
Majority in favor with minor opposition ranging from 0.0724% to 0.1010% against

Scrutinizer's Role and Findings

Mr. Sourabh Parnami served as the Scrutinizer for the remote e-voting process. The scrutinizer confirmed that all resolutions were passed with the requisite majority as required under the Companies Act, 2013 and SEBI LODR Regulations.

Compliance Confirmation

The company confirmed compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended. The voting results and scrutinizer's report are available on the company's website (https://www.bcl.ind.in) and MUFG Intime Private Limited's website (https://in.mpms.mufg.com).