Postal Ballot Notice is attached.
BTTL · price
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Awaiting price reaction for this filing.
Bhilwara Technical Textiles Ltd has sent a Postal Ballot notice to members seeking their approval through e-voting for related party transactions with Maral Overseas Limited for FY 2026-27, with an aggregate value of up to Rs. 8.04 crore. Maral Overseas is a related party as BTTL indirectly holds 23.74% in it, and promoters Shekhar Agarwal and Shantanu Agarwal along with promoter group entities hold 74.95% in Maral Overseas. Transactions include sale and purchase of materials, job work charges, and expense reimbursements, to be carried out at arm's length. E-voting runs from February 28 to March 29, 2026, with results expected by March 31, 2026. The proposed value represents about 98% of BTTL's FY25 consolidated turnover, but only 0.77% of Maral Overseas' turnover.
This is a routine regulatory approval needed for ongoing business transactions between group companies. The transactions are operational in nature (raw materials and job work), so impact on shareholders is minimal. Related parties are barred from voting, so the outcome will depend on minority institutional and retail shareholders.