Belrise Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025
BELRISE · price
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Belrise Industries held its 29th AGM on September 23, 2025 at Chh. Sambhajinagar, Maharashtra, starting at 11:00 AM and concluding at 12:15 PM. Out of 2,12,272 total shareholders as on the cut-off date (September 17, 2025), 35 shareholders attended (9 from the promoter group and 26 from the public). Mr. Shrikant Shankar Badve, Managing Director, was elected as Chairman of the meeting. Nine resolutions were put to vote, including adoption of audited standalone and consolidated financial statements for FY25, declaration of a final dividend, re-appointment of Mr. Ashok Vishnu Tagare as Non-Executive Director, appointment of the Secretarial Auditor, and approval of material related party transactions with a promoter group company. The meeting also covered the re-appointment of Mrs. Supriya Shrikant Badve as Executive Director and remuneration for two promoter-family members (Sumedh Badve and Swastid Badve) holding positions in the company. Voting results and the scrutinizer's report will be filed separately in due course.
This is a procedural filing confirming the AGM was held and business was transacted. Shareholders should watch for the voting results on key items, especially the final dividend amount, re-appointment of directors, and the related party transactions, which could have governance implications given multiple promoter-family members are involved.