Balrampur Chini Mills Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on May 20, 2026. Further, the company has informed the Exchange regarding voting results.
BALRAMCHIN · price
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Balrampur Chini Mills Limited held an Extra-Ordinary General Meeting (EGM) on May 20, 2026 via video conferencing. A special resolution was tabled to consider and approve the offer, issue, and allotment of equity shares on a preferential basis. The resolution was overwhelmingly passed with 99.97% shareholder approval — 157,118,067 votes in favour out of 157,157,518 total votes cast. Only 39,451 votes (0.03%) were against. Promoter and promoter group voted unanimously (100% in favour), while public institutional and non-institutional shareholders also recorded near-unanimous approval rates above 99.8%. A total of 339 members participated in the e-voting process (328 remote + 11 at EGM). The scrutinizer from MR & Associates confirmed the resolution was duly passed with the requisite majority.
Shareholders should note that the company has received approval to issue equity shares on a preferential basis, which could lead to dilution of existing shareholding. The specifics of the allotment (number of shares, price, and allottees) were not disclosed in this filing and should be monitored for further announcements.