Borana Weaves 6th AGM Voting Results September 2026

Meeting Details

NSE Symbol: BORANA
Type of Meeting: 6th Annual General Meeting (AGM)
Date of Meeting: Tuesday, 29th September 2026
Meeting Time: 11:30 AM to 12:07 PM
Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Record Date: 22nd September 2026

Proposed Resolutions and Implications

The AGM considered eight ordinary resolutions:

1. Adoption of Financial Statements: To consider and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and the Auditor

2. Director Reappointment: To re-appoint Mr. Ankur Mangilal Borana (DIN: 01091164), who retires by rotation, as a director

3. Statutory Auditor Reappointment: To re-appoint the Statutory Auditor of the Company for the second term of five years

4. Secretarial Auditor Appointment: To appoint M/s. K. Dalal & Co., Peer Reviewed Company Secretaries in Practice, as the Secretarial Auditors

5. Cost Accountant Remuneration Ratification: To ratify remuneration payable to M/s. Vaghela Kishor & Co., Cost Accountants (Firm Registration No. 103811) for FY 2026-27

6. CMD Remuneration Revision: To approve revision in remuneration of Mr. Mangilal Ambalal Borana, Chairman & Managing Director

7. CFO Remuneration Revision: To approve revision in remuneration of Mr. Rajkumar Mangilal Borana, Executive Director and Chief Financial Officer

8. CEO Remuneration Revision: To approve revision in remuneration of Mr. Ankur Mangilal Borana, Executive Director and Chief Executive Officer

Voting Process and Methods

The company provided e-voting facility to members through National Securities Depository Limited (NSDL) as follows:

Remote E-voting Period: Commenced at 09:00 AM on Saturday, 26th September 2026 and closed at 5:00 PM on Monday, 28th September 2026
E-voting at AGM: Shareholders present at the AGM through VC/OAVM who had not voted through remote e-voting were allowed to vote through e-voting facility during the meeting
Cut-off Date: Tuesday, 22nd September 2026 (members as on this date were entitled to vote)

Key Voting Outcomes

Participation Statistics

Total Shareholders on Record Date: 9,227
Shareholders Present in Person/Proxy: 0 (both Promoters and Public)
Shareholders Attended through VC:
Promoters and Promoter Group: 6 members
Public: 49 members
Total Resolutions Passed: 8

Resolution-wise Voting Results

Resolution 1 - Adoption of Financial Statements

Total Votes Cast: 21,833,997 shares (81.9432% of outstanding shares)
In Favor: 21,833,996 votes (100.0000% of votes polled)
Against: 1 vote (0.0000% of votes polled)
Result: Passed

Resolution 2 - Reappointment of Mr. Ankur Mangilal Borana

Total Votes Cast: 21,833,997 shares (81.9432% of outstanding shares)
In Favor: 21,833,996 votes (100.0000% of votes polled)
Against: 1 vote (0.0000% of votes polled)
Result: Passed

Resolution 3 - Reappointment of Statutory Auditor

Total Votes Cast: 21,833,997 shares (81.9432% of outstanding shares)
In Favor: 21,833,996 votes (100.0000% of votes polled)
Against: 1 vote (0.0000% of votes polled)
Result: Passed

Resolution 4 - Appointment of Secretarial Auditor

Total Votes Cast: 21,833,997 shares (81.9432% of outstanding shares)
In Favor: 21,833,996 votes (100.0000% of votes polled)
Against: 1 vote (0.0000% of votes polled)
Result: Passed

Resolution 5 - Ratification of Cost Accountant Remuneration

Total Votes Cast: 21,833,997 shares (81.9432% of outstanding shares)
In Favor: 21,833,996 votes (100.0000% of votes polled)
Against: 1 vote (0.0000% of votes polled)
Result: Passed

Resolution 6 - Revision of CMD Remuneration

Total Votes Cast: 21,833,997 shares (81.9432% of outstanding shares)
In Favor: 21,833,996 votes (100.0000% of votes polled)
Against: 1 vote (0.0000% of votes polled)
Result: Passed

Resolution 7 - Revision of CFO Remuneration

Total Votes Cast: 21,833,997 shares (81.9432% of outstanding shares)
In Favor: 21,833,996 votes (100.0000% of votes polled)
Against: 1 vote (0.0000% of votes polled)
Result: Passed

Resolution 8 - Revision of CEO Remuneration

Total Votes Cast: 21,833,997 shares (81.9432% of outstanding shares)
In Favor: 21,833,996 votes (100.0000% of votes polled)
Against: 1 vote (0.0000% of votes polled)
Result: Passed

Category-wise Voting Participation

Promoter and Promoter Group

Shares Held: 17,382,795
Votes Polled: 17,382,795 (100.0000% of shares held)
Voting Method: 100% through E-voting

Public Institutions

Shares Held: 1,148,264
Votes Polled: 734,246 (63.9440% of shares held)
Voting Method: 100% through E-voting

Public Non-Institutions

Shares Held: 8,114,236
Votes Polled: 3,716,956 (45.8078% of shares held)
Voting Method: 100% through E-voting

Scrutinizer's Role and Findings

Name: Kunjal Dalal
Firm: K. Dalal & Co.
Qualification: CS
Membership Number: 3530
Appointment Date: 29th July 2026
Report Issuance Date: 30th September 2026

Scrutinizer's Responsibilities:

Scrutinized the remote e-voting and votes cast through e-voting during the AGM
Based scrutiny on data downloaded from NSDL e-voting system
Confirmed management's responsibility for compliance with Companies Act, SEBI LODR, and Secretarial Standards
Submitted all electronic data and relevant records to the Company Secretary for safe keeping

Scrutinizer's Findings:

Total 93 members voted through remote e-voting
Total 21,833,997 shares voted representing 81.9432% of outstanding shares
92 members voted in favor of all resolutions with 21,833,996 votes
1 member voted against all resolutions with 1 vote
No invalid votes recorded
No votes were cast through polling or postal ballot
No votes were cast through e-voting at the AGM

Compliance Confirmation

The company confirmed compliance with:

Companies Act, 2013
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Relevant circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India
Companies (Management and Administration) Rules, 2014

Additional Information

The documents are also available on the company's website at https://boranagroup.in/