Key Resolution Details

Item No. 1: Increase in Authorised Share Capital and alteration to Memorandum of Association

  • Current Authorised Share Capital: ₹100,00,00,000 (Rupees One Hundred Crores) divided into 10,00,00,000 equity shares of ₹10/- each
  • Proposed Authorised Share Capital: ₹200,00,00,000 (Rupees Two Hundred Crores) divided into 20,00,00,000 equity shares of ₹10/- each
  • Increase: 100% increase by creating additional 10,00,00,000 equity shares of ₹10/- each
  • Requires alteration to Clause V of the Memorandum of Association

Voting Process Details

  • Record Date: Friday, 29th May 2026 (cut-off date for eligibility)
  • Voting Period: Saturday, 6th June 2026 (9:00 AM IST) to Sunday, 5th July 2026 (5:00 PM IST)
  • Result Declaration: On or before Tuesday, 7th July 2026
  • Deemed Passing Date: 5th July 2026 (if passed by requisite majority)
  • Scrutinizer: M/s. BP & Associates, Company Secretaries, Chennai
  • E-voting Service Provider: National Securities Depository Limited (NSDL)

Distribution Method

  • Notice sent electronically to members with registered email addresses
  • Physical copies not dispatched to any members
  • Notice available on company website: www.bgrcorp.com
  • Public notice published in one regional (Telugu) newspaper in Nellore and one English newspaper throughout India

Rationale for Capital Increase

The Company is planning to raise funds by way of issuing equity shares through other capital raising options that may be considered by the Board in the future, to ensure availability of sufficient headroom for such capital issuances.

Document Availability

The altered Memorandum of Association is available for electronic inspection on all working days from dispatch date until 5th July 2026 on the company's website.

Financial Impact

Capital structure impact: Potential future dilution from equity issuances within the increased authorized capital limit. No immediate financial impact disclosed.

Governance Aspects

  • Board recommends the ordinary resolution
  • None of the Directors or Key Managerial Personnel or their relatives are concerned or interested in the resolution
  • Resolution requires ordinary majority for approval