Annual General Meeting to be held on 31st December 2025 for the Financial Year 2024 25
Awaiting price reaction for this filing.
Binny Limited is holding its 55th AGM on December 31, 2025 at 11:45 a.m. via video conferencing to consider the audited financial statements for FY 2023-24, along with the appointment of M/s Venkatesh & Co as Statutory Auditors for 5 years (till the 60th AGM in FY 2028-29) and M/s RLS & Associates as Secretarial Auditor for both FY 2023-24 and FY 2024-25. This AGM is significantly delayed — it was originally due by September 30, 2024 — because a SEBI order dated July 31, 2024 barred the then Executive Chairman, Managing Director, and CFO from serving as directors, leading to the board falling below the minimum required strength. The Madras High Court appointed a retired judge as administrator, and a new board was constituted through an EGM on January 4, 2025. The newly reconstituted board has since restarted the audit process and is now seeking shareholder approval to formalize the accounts adoption and auditor appointments.
Shareholders should note the company went through a serious governance crisis involving SEBI action, court-appointed administrator, and full board reconstitution, which may raise concerns about operational stability. Investors should review the FY 2023-24 financials carefully given the prolonged delay in adoption, and vote on key items including the 5-year statutory auditor appointment.