Binny Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/12/2025 ,inter alia, to consider and approve the Audited Financial Results for the ....
Awaiting price reaction for this filing.
Binny Ltd has rescheduled its Board meeting to December 4, 2025 (originally scheduled in November). Key agenda items include approval of audited financial results for the quarter and financial year ended March 31, 2024 — meaning FY24 results are being finalised well over a year later. The board will also fix dates for both the 55th and 56th Annual General Meetings to be held together, indicating past AGM delays. A major item is approval of a Joint Development Agreement (JDA) with M/s Osian Construction Pvt Ltd for 12.43 acres of company-owned land at Valasaravakkam, Chennai, which requires shareholder approval under Section 180 of the Companies Act, 2013. Additionally, the board will consider appointing a Company Secretary and Compliance Officer (KMP).
The Chennai land JDA could be material for shareholders given the sizeable parcel involved, but the substantial lag in approving FY24 audited results and clubbing two AGMs together signals serious lapses in corporate governance and timely disclosures that investors should weigh in.