Please find attached the outcome or voting results of the 29th AGM held on 11.08.2025
BCPL · price
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BCPL Railway Infrastructure Ltd held its 29th Annual General Meeting on 11 August 2025 via video conferencing, with 54 shareholders attending remotely (12 promoter group, 42 public). All 5 resolutions were passed with overwhelming majority — adoption of FY25 audited financial statements (99.9999% in favor), final dividend of Rs. 1.00 per equity share for FY25 (99.9999% in favor), re-appointment of Mr. Aparesh Nandi as director retiring by rotation (99.9983% in favor), disinvestment of 22% stake (34,32,000 shares) in subsidiary BCL Bio Energy Private Limited to group company Phoenix Overseas Limited (99.83% in favor), and appointment of M/s. TP and Associates as secretarial auditors for 5 years from 1 April 2025 to 31 March 2030 (99.9995% in favor). The promoter group, which holds around 72.9% of paid-up equity, abstained from voting on the disinvestment resolution as they were interested parties, leading to lower voting turnout on that item.
Routine approval of financials and dividend (Rs. 1/share) is mildly positive for shareholders, confirming a steady 10% yield on face value. The disinvestment of the subsidiary stake to a group company is notable and may attract scrutiny over related-party transactions, though public shareholders overwhelmingly approved it.