Bharat Road Network Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
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Awaiting price reaction for this filing.
Bharat Road Network Limited held its 18th AGM on September 26, 2025, via video conferencing, attended by 79 members and chaired by Prof. Santanu Ray. All directors, the CEO, CFO, Company Secretary, and statutory and secretarial auditors were present. Five resolutions were put to vote through remote e-voting and Insta Poll, including adoption of audited standalone and consolidated financial statements for FY25, re-appointment of Mr. Bajrang Kumar Choudhary as director, appointment of M/s. MR & Associates as secretarial auditor, and approval of related party transactions. The Chairman noted that statutory auditors had issued a Modified Opinion on the FY25 financial statements, which was read out at the meeting. The meeting concluded at 4:15 P.M. Note: the filing contains an apparent drafting error where resolutions 4 and 5 (related party transactions) are introduced under a heading saying 'not passed' but the result column indicates 'passed by requisite majority.'
A Modified Opinion from statutory auditors is a red flag that investors should review carefully, as it signals reservations about the company's FY25 financial statements. Approval of related party transactions is a governance item shareholders should monitor. Voting results and the scrutinizer's consolidated report are awaited and will be filed separately.