Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Bhagyanagar India Limited

Meeting Details

The 01st Extraordinary General Meeting was held on Thursday, 23rd July, 2026 at 11:00 AM IST electronically through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting was conducted in compliance with the Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs (MCA).

Proposed Resolutions and Implications

The single special business item proposed was:

  • Issue of up to 15,01,434 Equity shares on Preferential Basis to certain Qualified Institutional Buyers/other than Qualified Institutional Buyers 'Non-Promoter Category' (Special Resolution)

This resolution aimed to raise capital through a preferential allotment to institutional and non-promoter investors.

Voting Process and Methods

The voting was conducted through electronic means:

  • Remote e-voting was available from 9:00 AM on Monday, 20th July 2026 until 5:00 PM on Wednesday, 22nd July 2026 via https://evoting.kfintech.com
  • E-voting during the meeting (Insta Poll) was facilitated by KFin Technologies Limited for members who had not voted remotely
  • The cut-off date for determining voting rights was 16th July 2026
  • No voting by show of hands was conducted
  • The Board appointed Mr. Vikas Sirohiya, partner of PS Rao & Associates, Company Secretaries, as Scrutinizer

Key Voting Outcomes

Total Votes Cast:

  • Total valid votes: 16,321,801 representing 51.0136% of outstanding shares
  • Votes in favor: 16,321,759 (99.9997% of votes cast)
  • Votes against: 42 (0.0003% of votes cast)
  • Invalid votes: Nil

Participation Breakdown by Shareholder Category:

Promoter and Promoter Group:

  • Shares held: 20,767,149
  • Votes polled: 16,094,517 (77.4999% of shares held)
  • Votes in favor: 16,094,517 (100% of votes polled)
  • Votes against: 0

Public Institutions:

  • Shares held: 231,511
  • Votes polled: 178,061 (76.9125% of shares held)
  • Votes in favor: 178,061 (100% of votes polled)
  • Votes against: 0

Public Non-Institutions:

  • Shares held: 10,996,340
  • Votes polled: 49,223 (0.4476% of shares held)
  • Votes in favor: 49,181 (99.9147% of votes polled)
  • Votes against: 42 (0.0853% of votes polled)

Total Shareholders: 32,353 on cut-off date

Scrutinizer's Role and Findings

Mr. Vikas Sirohiya was appointed as Scrutinizer to handle the e-voting process. His key findings:

  • The remote e-voting period was from 20th to 22nd July 2026
  • Voting rights were reckoned as of 16th July 2026 (cut-off date)
  • After closure of e-voting, votes were unblocked and downloaded in the presence of two witnesses (Sakshi Bansal and Parikshit Loya)
  • The scrutinizer confirmed 109 members voted in favor with 16,321,759 votes (100% of valid votes)
  • 4 members voted against with 42 votes (negligible percentage)
  • No invalid votes were recorded
  • All electronic data and voting records will remain in the scrutinizer's custody until the Chairman approves the minutes

Compliance Confirmation

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • MCA circulars regarding conducting EGMs through VC/OAVM
  • All applicable laws and regulations for the voting process and preferential issue

Meeting Proceedings Summary

  • 48 members attended through Video Conferencing (2 Promoters, 46 Public)
  • Shri Devendra Surana, Managing Director, chaired the meeting
  • The Chairman explained the voting process and facilities available
  • Shareholders raised queries about the company's future projects and proposed fund utilization, which were addressed by the Chairman
  • The meeting concluded at 11:33 AM