Meeting Details

  • Date: Monday, August 17, 2026
  • Time: Commenced at 11:20 AM and concluded at 12:15 PM
  • Location: Held through video conferencing/audio-visual means from the Registered Office at Bangur Nagar, Dandeli (Uttara Kannada), Karnataka
  • Type: Annual General Meeting

Attendees

Directors and Key Managerial Personnel:

  • Shri S.K. Bangur (Chairman & Managing Director) - Kolkata
  • Shri Saurabh Bangur (Vice-Chairman & Chairman of FCAC) - Kolkata
  • Shri Virendraa Bangur (JMD & Chairman of CSRC and RMC) - Kolkata
  • Smt. Shashi Bangur (NED & Chairperson of SRC) - Kolkata
  • Shri Shiv Ratan Goenka (ID & Chairman of AC) - Kolkata
  • Shri Vinod Balmukand Agarwala (ID & Chairman of NRC) - Mumbai
  • Shri Ashok Kumar Gard (Independent Director) - New Delhi
  • Smt. Sudha Bhushan (Independent Director) - Mumbai
  • Shri Prakash Kacholia (Independent Director) - Mumbai
  • Shri Rajendra Jain (Executive Director) - Dandeli
  • Shri Rajesh Bothra (Chief Financial Officer) - Kolkata
  • Shri Brajmohan Prasad (Company Secretary & Compliance Officer) - Dandeli

Auditors:

  • Shri Sameer Mahajan (Representative of Statutory Auditors, Singhi & Co.) - Mumbai
  • Shri Naman G. Joshi (Representative of Secretarial Auditors, NGJ & Co. and Scrutinizer) - Bengaluru
  • Shri Umesh Kini (Cost Accountant) - Bengaluru

Members: 151 Members/Shareholders attended through video conferencing from different places in India.

Proposed Resolutions and Implications

Ordinary Business:

1. Adoption of Standalone Audited Financial Statements for FY ended March 31, 2026

2. Adoption of Consolidated Audited Financial Statements for FY ended March 31, 2026

3. Declaration of dividend of ₹3.00 per equity share (150% on face value of ₹2) on 6,60,48,908 equity shares

4. Re-appointment of Shri Saurabh Bangur (DIN: 00236894) as Director retiring by rotation

Special Business:

5. Appointment of Shri Umesh Kini (M.No.29159) as Cost Auditor and ratification of remuneration of ₹2,00,000 plus taxes for FY 2026-27

6. Re-appointment of Shri Prakash Kacholia (DIN:00002626) as Non-Executive Independent Director for second term of 3 years (November 9, 2026 to November 8, 2029)

7. Re-appointment of Shri Virendraa Bangur (DIN:00237043) as Joint Managing Director for 3 years (June 26, 2026 to June 25, 2029)

8. Re-appointment of Shri Rajendra Jain (DIN:07250797) as Executive Director for 2 years from July 31, 2026

Voting Process and Methods

The voting was conducted electronically through the e-voting system provided by MUFG Intime India Private Limited. Members participating in the AGM had the opportunity to cast votes during the meeting through the 'Vote' tab on the video conference screen. There was no voting by show of hands.

Key Voting Outcomes

All resolutions were passed with overwhelming majority. The scrutinizer's report showed the following results:

| Resolution | Description | Votes in Favor | % in Favor | Votes Against | % Against | Invalid Votes | Total Votes Cast |

| 1 | Adoption of Standalone Financial Statements | 47,384,575 | 99.9999% | 14 | 0.0000% | 50 | 47,384,639 |

| 2 | Adoption of Consolidated Financial Statements | 47,384,575 | 99.9999% | 14 | 0.0000% | 50 | 47,384,639 |

| 3 | Dividend Declaration | 47,201,628 | 99.6138% | 182,961 | 0.3861% | 50 | 47,384,639 |

| 4 | Re-appointment of Saurabh Bangur | 47,201,628 | 99.6138% | 182,961 | 0.3861% | 50 | 47,384,639 |

| 5 | Appointment of Cost Auditor | 47,384,575 | 99.9999% | 14 | 0.0000% | 50 | 47,384,639 |

| 6 | Re-appointment of Prakash Kacholia | 47,347,309 | 99.9212% | 37,260 | 0.0787% | 70 | 47,384,639 |

| 7 | Re-appointment of Virendraa Bangur as JMD | 42,743,992 | 90.2064% | 4,640,597 | 9.7935% | 50 | 47,384,639 |

| 8 | Re-appointment of Rajendra Jain as ED | 46,203,248 | 97.5068% | 1,181,341 | 2.4931% | 50 | 47,384,639 |

Scrutinizer's Role and Findings

Shri Naman G. Joshi, Practicing Company Secretary, was appointed as the scrutinizer to supervise the e-voting process. The scrutinizer confirmed the voting process and results, which showed all resolutions passed with the requisite majority.

Compliance with Laws and Regulations

The meeting was conducted in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. The facility for joining through video conferencing was provided as per MCA and SEBI circulars. The Register of Directors and other statutory documents were made available electronically for inspection.

Additional Financial and Operational Information

During the meeting, the Chairman highlighted:

  • FY26 revenue from operations: ₹2,498 crore
  • Profit After Tax: ₹1,154 crore
  • EBITDA margin: 15%
  • Net worth: ₹2,824 crore
  • Paper Division production: 3,19,933 MT (near full capacity utilization of 3,20,000 MT)
  • Paper Division sales: 3,20,667 MT
  • Cable Division production: 1,09,564 Kilometers
  • Cable Division sales: 1,08,022 Kilometers
  • Optical Fibre Draw Tower successfully commissioned for backward integration
  • Planted more than two crore quality seedlings during the year