Bhandari Hosiery Exports Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 28, 2025
BHANDARI · price
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Bhandari Hosiery Exports Limited held its 32nd Annual General Meeting on August 28, 2025, from 9:30 AM to 10:30 AM at its registered office in Ludhiana, Punjab. A total of 35 shareholders attended (5 from promoter group and 30 from public), along with all 7 directors including Chairman and Managing Director Mr. Nitin Bhandari, the CFO, and the Company Secretary. Six resolutions were put to shareholders, including adoption of FY25 audited financial statements, declaration of dividend on equity shares for FY 2024-25, and reappointment of Mr. Rajesh Kumar as Director retiring by rotation. Additionally, M/s Rajeev Bhambri & Associates were proposed as Secretarial Auditor for a 5-year term, and Mr. Rohit Kumar Chhabra and Ms. Sharon Arora were proposed for appointment as Non-Executive Independent Directors. Remote e-voting was conducted through CDSL from August 25 to 27, 2025, and voting results are to be announced within two working days.
Dividend declaration for FY25 is a positive signal for shareholders, while the addition of two new Independent Directors strengthens board governance. Investors should await the formal voting results to confirm shareholder approval of these resolutions.