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

Meeting Details

  • Date of Meeting: Thursday, September 24, 2026
  • Type of Meeting: 16th Annual General Meeting
  • Location: Conducted through Video Conference/Other Audio-Visual Means (VC/OAVM)

Summary of Resolutions and Implications

Ordinary Business:

1. Adoption of Financial Statements: To adopt audited standalone and consolidated financial statements for FY ended March 31, 2026, along with reports of Board of Directors and Statutory Auditor.

2. Re-appointment of Director: To re-appoint Mr. Rajesh Kumar Chaudhary (DIN: 07425111) who retires by rotation.

3. Re-appointment of Auditors: To re-appoint M/s. Chaturvedi & Shah LLP as Statutory Auditors.

Special Business:

4. Material Related Party Transactions: To approve transactions with Borosil Scientific Limited.

5. Managing Director Remuneration: To approve continuation of remuneration terms for Mr. Shreevar Kheruka, Managing Director.

6. Fundraising: To approve raising funds through further issue(s) of securities up to ₹250 crores.

7. ESOP Scheme Amendments: To approve amendments to 'Borosil Limited - Employee Stock Option Scheme 2020'.

8. Secondary Share Acquisition: To approve secondary acquisition of shares through trust route for ESOP scheme implementation.

9. Provision of Money for Share Purchase: To approve provision of money by company for purchase of its own shares by trust under ESOP scheme.

Voting Process and Methods

  • Remote e-voting period: September 21, 2026 (9:00 AM IST) to September 23, 2026 (5:00 PM IST)
  • E-voting during AGM: September 24, 2026
  • Service Provider: National Securities Depository Limited (NSDL)
  • Cut-off date: September 17, 2026
  • Voting rights: Proportional to paid-up share capital as on cut-off date

Key Voting Outcomes

Total Shareholding Pattern:

  • Total number of shareholders as of July 22, 2025: 74,287
  • Total shares eligible for voting: 11,95,87,629

Voter Participation:

  • Total votes cast: 8,45,71,030
  • Percentage of votes polled: 70.7189%
  • Total shares represented at meeting: 8,45,71,030

Category-wise Participation:

  • Promoter & Promoter Group: 12 shareholders voted with 7,73,50,619 shares (99.9943% participation)
  • Public: 71 shareholders voted
  • Public Institutions: 53,01,382 shares voted (64.7716% participation)
  • Public Non-Institutions: 19,19,029 shares voted (5.6363% participation)

Resolution-wise Results:

Item 1 - Adoption of Financial Statements (Ordinary Resolution)

  • Votes in favor: 8,45,70,878 (99.9998%)
  • Votes against: 152 (0.0002%)
  • Invalid votes: 0

Item 2 - Re-appointment of Director (Ordinary Resolution)

  • Votes in favor: 8,44,65,546 (99.8753%)
  • Votes against: 1,05,484 (0.1247%)
  • Invalid votes: 0

Item 3 - Re-appointment of Auditors (Ordinary Resolution)

  • Votes in favor: 8,45,70,878 (100.0000%)
  • Votes against: 0
  • Invalid votes: 0

Item 4 - Related Party Transactions (Ordinary Resolution)

  • Votes in favor: 70,36,125 (99.9946%)
  • Votes against: 383 (0.0054%)
  • Invalid votes: 0

Only votes from shareholders eligible under Regulation 23(4) of SEBI LODR considered

Item 5 - MD Remuneration (Special Resolution)

  • Votes in favor: 8,43,19,820 (99.7077%)
  • Votes against: 2,47,210 (0.2923%)
  • Invalid votes: 0

Item 6 - Fundraising (Special Resolution)

  • Votes in favor: 8,43,74,752 (99.9998%)
  • Votes against: 178 (0.0002%)
  • Invalid votes: 0

Item 7 - ESOP Amendments (Special Resolution)

  • Votes in favor: 8,44,80,169 (99.8973%)
  • Votes against: 86,861 (0.1027%)
  • Invalid votes: 0

Item 8 - Secondary Acquisition (Special Resolution)

  • Votes in favor: 8,45,66,341 (99.9992%)
  • Votes against: 689 (0.0008%)
  • Invalid votes: 0

Item 9 - Provision of Money (Special Resolution)

  • Votes in favor: 8,45,66,339 (99.9992%)
  • Votes against: 691 (0.0008%)
  • Invalid votes: 0

Scrutinizer's Role and Findings

Scrutinizer: Dhrumil M. Shah, Partner of Dhrumil M. Shah & Co. LLP, Practicing Company Secretary

Appointment: By Board of Directors pursuant to Section 108 of Companies Act, 2013

Responsibilities: Scrutinizing votes cast through remote e-voting and e-voting during AGM

Process: Votes unblocked after AGM conclusion in presence of two witnesses (Dhiraj Palav and Devesh Nerurkar)

Findings: All resolutions passed with valid votes in favor exceeding votes against

Data Custody: Electronic voting records remain with scrutinizer until Chairman approves minutes

Compliance Confirmation

  • Compliance with Section 108 of Companies Act, 2013
  • Compliance with Rule 20 of Companies (Management & Administration) Rules, 2014
  • Compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
  • Voting rights proportional to paid-up share capital as on cut-off date
  • Public Non-Institutions category includes shares held in Unclaimed Suspense Account and by Investor Education and Protection Fund Authority with frozen voting rights

Additional Information

  • Voting results and scrutinizer's report available on company website (www.borosil.com) and NSDL website (www.evoting.nsdl.com)
  • Reference: Scrutinizer's Report Ref: 1156/2026-27
  • All resolutions passed with requisite majority as required under applicable laws