Key Resolution

Seeking shareholder approval via a Special Resolution for:

  • Item 1: To Increase in the Overall Borrowing Limit of the Company In accordance with the Provisions of Section 180(1)(c) of the Companies Act, 2013.

The proposed resolution seeks to authorize the Board of Directors to borrow money, exceeding the aggregate of paid-up capital, free reserves, and securities premium. The total amount borrowed and outstanding at any point shall not exceed ₹450 crores (Rupees Four Hundred and Fifty Crores only), or the aforementioned aggregate, whichever is higher.

Purpose and Rationale (Explanatory Statement)

The borrowing is required to meet the Company's funding requirements for:

  • Business expansion
  • Working capital
  • Capital expenditure (capex)
  • Investments
  • Other general corporate purposes

The Board of Directors approved this proposal at its meeting held on 04th November, 2026.

Postal Ballot Process Details

  • Cut-off Date: Friday, 30th October, 2026 (for determining member eligibility).
  • Voting Rights: Proportional to shares held as of the cut-off date.
  • Notice Distribution: Sent only electronically to members with registered email addresses. No physical copies are being sent.
  • E-Voting Service Provider: National Securities Depository Limited (NSDL).
  • Remote E-Voting Period: Commences on Friday, 06th November 2026 at 9:00 AM IST and ends on Monday, 07th December 2026 at 5:00 PM IST.
  • Scrutinizer: Mr. Rajendra Kumar Jain, Practicing Company Secretary (CP No. 5866 / Membership No.: FCS 4584), has been appointed to scrutinize the e-voting process.
  • Result Declaration: The results will be announced within the timelines prescribed under the Companies Act, 2013, and will be intimated to the BSE and NSE.

Document Availability

The Postal Ballot Notice is available on:

  • Company website: www.bhilwaraspinners.com
  • NSDL e-voting website: www.evoting.nsdl.com
  • BSE website: www.bseindia.com

Signatories and Roles

  • Anjali Jain, Company Secretary and Compliance Officer, signed the covering letter to BSE.
  • Anshul Kothari, Chairman & Managing Director (DIN: 02624500), signed the Postal Ballot Notice.

Financial Impact

The resolution, if passed, will enable the company to borrow up to ₹450 crores. The financial impact of future borrowings on the company's financials is not quantified in this disclosure.