Meeting Details
- Meeting Type: 16th Annual General Meeting
- Date: Thursday, September 24, 2026
- Time: Commenced at 11:00 a.m. IST and concluded at 12:05 p.m. IST
- Venue: Conducted through Video Conference (VC) / Other Audio-Visual Means (OAVM)
- Notice Date: The meeting was convened by a notice dated August 14, 2026.
The meeting was held in compliance with circulars from the Ministry of Corporate Affairs (MCA), the Companies Act, 2013, and SEBI Listing Regulations.
Summary of Proceedings & Resolutions
The meeting was chaired by Mr. Pradeep Kumar Kheruka, the Chairman of the Company. After confirming a requisite quorum was present, the chairman addressed shareholders and briefed them on the company's business affairs and performance highlights for FY 2025-26.
The following resolutions, as per the notice, were presented for shareholder approval:
Ordinary Business
1. To consider and adopt:
- The audited standalone financial statements for the year ended March 31, 2026, along with the reports of the Board of Directors and the Statutory Auditor.
- The audited consolidated financial statements for the year ended March 31, 2026, along with the report of the Statutory Auditor.
(To be passed by ordinary resolution)
2. To consider the re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111), who retires by rotation. (To be passed by ordinary resolution)
3. To approve the re-appointment of M/s. Chaturvedi & Shah LLP, Chartered Accountants, as the Statutory Auditor of the Company. (To be passed by ordinary resolution)
Special Business
4. To approve Material Related Party Transactions with Borosil Scientific Limited. (To be passed by ordinary resolution)
5. To approve the continuation of the terms of remuneration of Mr. Shreevar Kheruka, Managing Director. (To be passed by special resolution)
6. To approve raising of funds through further issue(s) of securities up to ₹250 crores. (To be passed by special resolution)
7. To approve amendments to the 'Borosil Limited Employee Stock Option Scheme 2020'. (To be passed by special resolution)
8. To approve secondary acquisition of shares through trust route for the implementation of the 'Borosil Limited - Employee Stock Option Scheme 2020'. (To be passed by special resolution)
9. To approve provision of money by the Company for purchase of its own shares by the trust under the 'Borosil Limited - Employee Stock Option Scheme 2020'. (To be passed by special resolution)
Voting Process
- Remote E-Voting Period: Commenced at 09:00 a.m. IST on Monday, September 21, 2026, and concluded at 5:00 p.m. IST on Wednesday, September 23, 2026.
- E-Voting at Meeting: The e-voting facility was also made available during the meeting for shareholders who had not cast their votes via remote e-voting.
- After the Q&A session, the voting facility was kept open for an additional 15 minutes before the meeting concluded.
- Scrutinizer: Mr. Dhrumil M. Shah (Certificate of Practice No. 8978) of M/s. Dhrumil M. Shah & Co. LLP, Practicing Company Secretaries, was appointed to scrutinize the entire e-voting process (remote and during the meeting) in a fair and transparent manner.
Additional Information
- A Q&A session was held where shareholders raised questions regarding the company's business and performance, which were addressed by the management.
- The specific voting results, including total votes cast, percentages for/against, and a category-wise breakdown, along with the Consolidated Scrutiniser's Report, were not provided in this document and are to be intimated separately.
- This document is explicitly stated as not constituting the minutes of the AGM.
Compliance and Signatories
- The disclosure is made in compliance with Regulation 30 read with Para A, Part A of Schedule III of the SEBI LODR Regulations.
- The letter is signed by Pradeep Joshi, Company Secretary & Compliance Officer (FCS - 4959) on behalf of Borosil Limited on September 24, 2026.