Banka BioLoo Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 10, 2025
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Banka BioLoo Limited has notified the exchange about its 13th AGM scheduled for Wednesday, September 10, 2025 at 3:00 PM IST, to be held via video conferencing. Key items on the agenda include adoption of FY25 audited financial statements, re-appointment of Mr. Sanjay Banka (Director retiring by rotation), and re-appointment of Mr. Vishal Murarka as Executive Director/CEO for 3 years (October 2025 to September 2028) with a maximum remuneration of Rs. 60 lakhs per annum. The company also seeks approval to re-appoint Dr. Basava Raju Dumpala as Independent Director for a second 5-year term and appoint Mrs. Geeta Goti as a new Woman Independent Director. Additional approvals sought include appointment of M/s. P.S. Rao & Associates as Secretarial Auditor for 5 years, material related party transactions with subsidiary Megaliter Varunaa Private Limited, and authorization to extend loans/guarantees up to Rs. 50 crore under Sections 185 and 186 of the Companies Act. Financial highlights show revenue grew to Rs. 5,538.87 lakhs in FY25 but the company swung to a net loss of Rs. 929.64 lakhs (EPS of -8.57) from a profit of Rs. 32.65 lakhs in FY24, mainly due to a Rs. 7.19 crore provision for impaired subsidiary investment.
This is a routine AGM notice with no major surprises, though the FY25 results reveal a significant swing to losses driven by subsidiary impairment. Shareholders should watch the Section 185/186 borrowing limit approvals (Rs. 50 crore) and related party transactions with the subsidiary, which indicate continued financial exposure to Megaliter Varunaa. The CEO re-appointment at Rs. 60 lakh per annum is modest. Remote e-voting opens September 7-9, 2025 with a record date of September 3, 2025.