Binani Industries Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Scrutinizers report.
BILVYAPAR · price
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Binani Industries Limited (now BIL Vyapar Limited) has announced the results of its postal ballot conducted via e-voting between March 26 and April 24, 2025. Two special resolutions were passed: (1) Change of company name from 'Binani Industries Limited' to 'BIL Vyapar Limited' along with amendments to MoA and AoA, approved with 99.9988% votes in favor (16,517,334 shares polled, 52.66% of outstanding). (2) Approval of Material Related Party Transactions, approved with 99.9927% votes in favor (2,258,070 shares polled, 7.20% of outstanding). Promoters voted 100% in favor of both resolutions. The record date had 40,138 shareholders. Triton Trading Company, the sole preference shareholder holding 12,298,000 preference shares, voted in favor of the name change but abstained from the related party resolution as an interested party.
The name change signals a strategic rebranding of the company, though the NSE code (BINANIIND) and BSE scrip code (500059) remain unchanged for now. Shareholders should update records to reflect the new name 'BIL Vyapar Limited'. The related party transaction approval clears the way for the company to execute previously restricted deals, which could affect related entities but may also raise governance questions given the low public voting turnout on that resolution.