Balaji Telefilms Limited has informed the Exchange regarding Outcome of Board Meeting held on February 13, 2026.
BALAJITELE · price
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The Board of Directors of Balaji Telefilms met on February 13, 2026 and approved a postal ballot notice to seek shareholder approval for appointing Mr. Pankaj Baikunthnath Chaturvedi (DIN:00142853) as a Non-Executive Independent Director via special resolution. The Board also took note of a penalty levied by the stock exchanges (BSE and NSE) dated November 28, 2025, for not having the required number of Independent Directors on the Board during the quarter ended September 30, 2025. The company stated that this compliance default has since been remedied effective December 30, 2025, following the appointment of a new Independent Director, and the penalty amount has been paid in full to both exchanges.
The announcement shows the company is actively fixing a past governance lapse around board composition and has already cured it, but shareholders should note the penalty reflects a prior compliance failure. The new independent director appointment, once approved, should strengthen board independence going forward.