Summary of proceedings of 65th AGM of the company held September 27, 2025 at Patidar Bhavan, Kadodara, Surat - 394327 Gujarat
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The 65th Annual General Meeting of The Baroda Rayon Corporation Limited was held on September 27, 2025, at Patidar Bhavan, Kadodara, Surat, from 9:00 a.m. to 9:40 a.m., chaired by Chairman & Managing Director Mr. Damodarbhai Patel. Six resolutions were placed before members, including adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Mr. Damodarbhai Patel as Managing Director and Mr. Viral Bhavani as Whole Time Director (both via special resolutions), and approval to make investments, loans and guarantees beyond the limits under Section 186 of the Companies Act. The Statutory Auditor's Report was clean with no qualifications, while the Secretarial Auditor's Report contained qualifications that were read out and explained by the directors. Remote e-voting was conducted from September 24 to September 26, 2025 via NSDL, and ballot paper voting was held at the meeting; the scrutinizer's consolidated voting results will be shared with BSE separately.
Routine AGM proceedings with key management re-appointments and expanded borrowing/investment authority being sought from shareholders. The clean Statutory Auditor's report is a positive signal, though qualifications in the Secretarial Audit report may warrant attention. Voting results are pending and could influence short-term sentiment.