Bang Overseas 34th AGM Voting Results Pass All Resolutions

Meeting Details

Type of Meeting: 34th Annual General Meeting (AGM)
Date of Meeting: Tuesday, 29th September, 2026
Meeting Time: 11:30 A.M. IST to 12:02 P.M. IST
Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)

Proposed Resolutions and Implications

Four resolutions were proposed and all passed with requisite majority:

1. Ordinary Resolution: To receive, consider and adopt (a) The Standalone Financial Statements for year ended March 31, 2026, and (b) The Consolidated Financial Statements for year ended March 31, 2026.

2. Ordinary Resolution: To appoint Mr. Brijgopal Bang (DIN: 00112203) who retires by rotation and seeks re-appointment.

3. Ordinary Resolution: To approve Material Related Party Transaction with Thomas Scott (India) Limited.

4. Ordinary Resolution: To approve Material Related Party Transaction Between Vedanta Creations Limited (WOS) and Thomas Scott (India) Limited.

Voting Process and Methods

Voting was conducted through remote e-voting prior to the meeting and e-voting during the AGM.
The remote e-voting period commenced on Friday, 25th September, 2026 at 9:00 A.M. and ended on Monday, 28th September, 2026 at 5:00 P.M. on https://www.evoting.nsdl.com/.
National Securities Depository Limited (NSDL) provided the e-voting platform.
The cut-off date for determining voting rights was Tuesday, 22nd September 2026.

Key Voting Outcomes

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements

Total votes cast: 6,099,330 (44.9803% of outstanding shares)
Votes in favor: 6,099,196 (99.9978% of votes cast)
Votes against: 134 (0.0022% of votes cast)
Promoter & Promoter Group: 6,083,100 votes cast (100% in favor)
Public Non-Institutions: 16,230 votes cast (99.1744% in favor, 0.8256% against)

Resolution 2 - Re-appointment of Director

Total votes cast: 16,230 (0.1197% of outstanding shares)
Votes in favor: 16,096 (99.1744% of votes cast)
Votes against: 134 (0.8256% of votes cast)
Entire voting from Public Non-Institutions category

Resolution 3 - RPT with Thomas Scott

Total votes cast: 16,225 (0.1197% of outstanding shares)
Votes in favor: 16,021 (98.7427% of votes cast)
Votes against: 204 (1.2573% of votes cast)
Entire voting from Public Non-Institutions category

Resolution 4 - RPT between Vedanta Creations and Thomas Scott

Total votes cast: 16,225 (0.1197% of outstanding shares)
Votes in favor: 16,021 (98.7427% of votes cast)
Votes against: 204 (1.2573% of votes cast)
Entire voting from Public Non-Institutions category

Shareholder Participation:

Total shareholders on record: 7,434 (28 Promoters + 7,406 Public)
Shareholders attended meeting through VC: 34 (19 Promoters + 15 Public)
Shareholders who voted: 70-77 across different resolutions

Scrutinizer's Role and Findings

Scrutinizer: Sonam Jain, Practicing Company Secretary (Membership No. F9871)
Appointment Date: 14th August 2026 in Board Meeting
Report Date: 30th September 2026
The scrutinizer certified the voting process conducted through NSDL's e-voting platform.
Votes were unblocked on September 29, 2026, in the presence of witnesses Mr. Mohit Sharma and Mr. Himanshu Marathe.
The scrutinizer confirmed all resolutions passed with requisite majority.

Compliance with Laws and Regulations

The meeting was conducted in compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014.
The company followed MCA Circulars and SEBI Circulars regarding e-voting procedures.
Advertisement was published in Financial Express (English) and Mumbai Lakshdeep (Marathi) on September 06, 2026.
Notice of AGM and Annual Report were sent in electronic form on 5th September, 2026.

Additional Information

Total Outstanding Shares: 13,560,000
Promoter & Promoter Group Holdings: 9,205,296 shares (67.88%)
Public Non-Institutions Holdings: 4,354,704 shares (32.12%)
No invalid votes were recorded in any category.