Bhagyanagar India Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot along with a copy of minutes.
BHAGYANGR · price
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Bhagyanagar India Limited has announced the results of its Postal Ballot conducted via remote e-voting between 2nd June 2025 and 1st July 2025. All four resolutions were passed with overwhelming shareholder approval of over 99.96% in favour. The resolutions include: (1) appointment of Shri. Venkateswara Rao Nukala (DIN: 10481800) as Director, (2) approval to advance loans/give guarantees under Section 185, (3) increase in threshold limits for loans, guarantees, securities and investments under Section 186, and (4) increase in the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013. Out of 261 shareholders voting, 21,742,041 valid votes were cast, with the Scrutinizer Mrs. Rakhi Agarwal (FCS-7047, CP No. 6270) confirming the results on 1st July 2025.
Shareholders have cleared the path for a new director appointment and given the company expanded financial flexibility, including higher borrowing limits and broader authority to give loans, guarantees and make investments. This may support future expansion or capital-raising plans, with no dissenting signals from investors as all resolutions received near-unanimous support.