BHANDARIBSEBHANDARI HOSIERY EXP LTDLowNeutral
Announced Wed, 16 Sept · 12:52 IST

AGM Results: All 5 Resolutions Passed Including Dividend Declaration

Board & Shareholder Meetings View source PDFExplain this filing

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AI summary

33rd AGM held on 15 Sep 2026. All 5 resolutions passed: adoption of FY26 audited financials, declaration of dividend on equity shares, reappointment of Mr. Vikas Nayar as director, reappointment of Mr. Nitin Bhandari as Chairman and Managing Director for 5 years from 22 Nov 2026, and approval to increase his remuneration. Polling reached 44.04 percent of total shares. Resolutions 1 to 4 passed with near 100 percent in favour. Resolution 5 (CMD pay hike) secured 99.91 percent in favour with 1.31 lakh votes against, mainly from public non-institutional investors via e-voting.

Likely market impact

Dividend approved for FY26. CMD Nitin Bhandari reappointed for 5 years with raised pay. Minor public dissent on remuneration hike.