Meeting Details

The 79th AGM was held on Thursday, July 23, 2026, through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility. The meeting commenced at 11:00 A.M. IST and concluded at 12:20 P.M. IST. A total of 67 shareholders were virtually present. The meeting was conducted in compliance with multiple General Circulars issued by the Ministry of Corporate Affairs (MCA) and the provisions of the Companies Act, 2013 and SEBI Listing Regulations.

Attendance

The meeting was chaired by Mr. Prakash V. Mehta, Chairman of the Company. The following individuals were present:

  • Board Members: All Board Members were introduced.
  • Management: Chief Financial Officer, Mr. Yogendra S. Agarwal, and Company Secretary & Compliance Officer, Mr. Durgesh N. Nagarkar, were present.
  • Auditors: Representatives from Statutory Auditors (M/s Deloitte Haskins and Sells LLP), Cost Auditors (M/s R. Nanabhoy & Co.), and Secretarial Auditors (M/s N. L. Bhatia and Associates) attended.
  • Absentee: Leave of absence was granted to Mr. Rajeshwar D. Bajaaj, Non-Executive Director.

Voting Process

The company provided a Remote E-Voting facility through M/s MUFG Intime India Pvt. Ltd.. The e-voting period commenced at 9:00 a.m. on Monday, July 20, 2026 and ended at 5:00 p.m. on Wednesday, July 22, 2026. An E-Voting facility was also available during the AGM itself, which remained open until 15 minutes after the conclusion of the meeting.

Mr. Bhaskar Upadhyay (or failing him, Mr. Bharat Upadhyay), Partners of M/s N. L. Bhatia & Associates, Practicing Company Secretaries, were appointed as the Scrutinizer to scrutinize the voting process.

Business Transacted and Results

All five agenda items listed in the Notice dated May 12, 2026, were discussed and approved by the shareholders through the combined process of Remote E-Voting and E-Voting during the AGM.

The agenda items were:

1. Ordinary Resolution: To receive, consider, and adopt the Audited Financial Statements (Balance Sheet, Statement of Profit and Loss, Statement of Cash Flows) for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors. The Statutory Auditors and Secretarial Auditor did not make any qualifications, reservations, or adverse remarks in their respective reports.

2. Ordinary Resolution: To declare a dividend of ₹35 (Rupees Thirty Five only) per fully paid-up equity share (700%) of face value ₹5 each, for the financial year 2025-2026.

3. Ordinary Resolution: To re-appoint Mr. Sanjiv N. Shah (DIN: 00007211), a Non-executive (Non-Independent) Director who retired by rotation.

4. Ordinary Resolution: To re-appoint Mr. Jairaj C. Thacker (DIN: 00108552), a Non-executive (Non-Independent) Director who retired by rotation.

5. Special Resolution: To ratify the remuneration of Cost Auditors, M/s. R. Nanabhoy & Co. (Firm Registration No. 000010), for the financial year 2026-2027.

Shareholder Interaction

Nine (9) shareholders registered as speakers and sought clarifications on various items of the Annual Audited Financial Statements for FY 2025-2026. The clarifications were addressed by Mr. Nikhil J. Danani and Mr. Nakul P. Mehta (Managing Directors) and Mr. Shome N. Danani (Executive Director).

Post-AGM Disclosures

The combined Results of Voting and the Scrutinizer's Report were to be declared within 2 working days of the meeting. These results were to be communicated to the stock exchanges and uploaded on the company's website (https://www.bharatbijlee.com/) and the website of MUFG Intime India Private Limited (https://instavote.linkintime.co.in).

Enclosures

The letter to the exchanges was accompanied by three annexures:

  • Annexure A: Summary of Proceedings of the 79th AGM (as required under Regulation 30 of SEBI Listing Regulations).
  • Annexure B: Voting Results (as required under Regulation 44(3) of SEBI Listing Regulations).
  • Annexure C: Report of the Scrutinizer (as required under Section 108 of the Companies Act, 2013).