Bengal & Assam Company Limited held its 79th Annual General Meeting (AGM) on Tuesday, September 8, 2026, at 3:00 PM through Video Conferencing (VC). The meeting was chaired by Dr. Raghupati Singhania, Director, as per the company's Articles of Association.
Attendance
Six members of the Board were present including Dr. Raghupati Singhania (Chairman of Stakeholders Relationship Committee), Smt. Vinita Singhania, Shri Kalpataru Tripathy (Chairman of Group Risk Management Committee), and Shri Ashok Kumar Kinra. Shri Sanjeev Kumar Jhunjhunwala (Chairman of Audit Committee & Nomination & Remuneration Committee) and Shri Mudit Kumar attended through VC. Management present included Shri Upendra Kumar Gupta (Chief Executive Officer and Chief Financial Officer) and Shri Dillip Kumar Swain (Company Secretary). The company's Statutory Auditors M/s. V. Singhi & Associates (represented by Partner Shri Naveen Kankaria) and Secretarial Auditor/Scrutinizer M/s. Ronak Jhuthawat & Co. (represented by Partner Shri Ronak Jhuthawat) were also present through VC.
Meeting Proceedings
The Company Secretary confirmed quorum was present and explained e-voting procedures. The Notice dated 29th May, 2026 convening the 79th AGM and the 79th Annual Report for FY ended 31st March, 2026 were taken as read. The Chairman noted there were no qualifications in the Auditor's Report or Secretarial Audit Report. The Chairman addressed members on the state of the economy and company's working for FY ended 31st March, 2026.
Resolutions Approved
Five items/resolutions from the AGM Notice were transacted:
1. Ordinary resolution for adoption of audited standalone and consolidated financial statements for FY ended 31st March, 2026 and reports of Board of Directors and Auditors thereon
2. Ordinary resolution for declaration of Dividend of ₹50 per equity share (5%) for FY ended 31st March, 2026
3. Ordinary resolution for appointment of M/s. Ronak Jhuthawat & Co., Company Secretaries, as Secretarial Auditor for five consecutive years from FY 2026-27 to FY 2030-31
4. Special resolution for reappointment of Smt. Vinita Singhania (DIN: 00042983) as Director liable to retire by rotation
5. Special resolution for reappointment of Shri Upendra Kumar Gupta as Manager in terms of Section 2(53) of Companies Act, 2013 as Chief Executive Officer and Chief Financial Officer of the company for five years with effect from 1st July, 2026
Voting Process
Remote E-voting was open from 4th September 2026 (10:00 AM) to 7th September 2026 (5:00 PM). Members who hadn't voted remotely could vote during the AGM until 15 minutes after conclusion. The scrutinizer was to submit a consolidated report on total votes cast by 10th September, 2026.
Shareholder Interaction
Registered speakers were invited to express views/raise questions, with management responding to all queries. Physical shareholders were requested to dematerialize shares and furnish KYC details. Dividend for physical shareholders will be paid electronically only, and no service requests will be entertained without KYC-compliant folios.
Meeting Conclusion
The meeting concluded at 3:42 PM, though e-voting remained open for 15 minutes after conclusion to allow members to cast votes.