Binny Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/09/2025 ,inter alia, to consider and approve Company has called for a board meeting ....
Awaiting price reaction for this filing.
Binny Limited has called a Board Meeting on 18 September 2025 with multiple key agenda items. The primary focus is on relisting the company's shares on BSE by addressing pending compliances under SEBI (LODR) regulations and the Companies Act 2013. The Board will also discuss strategies for raising and deploying funds to support the company's growth plan and long-term shareholder value. Two important items relate to lands taken over from MBDL under a 2021 scheme of arrangement — reviewing the status of land registration (per SEBI's July 2024 order) and considering a Joint Development Model (JDA) proposal for one of these parcels. The Board will additionally review pending statutory compliances and decide on corrective actions.
This is a significant positive development for shareholders — if the relisting is approved and executed, shares currently unlisted/suspended on BSE could resume trading, potentially restoring liquidity. The JDA proposal on the inherited MBDL land parcels could unlock long-dormant asset value, though it remains subject to shareholder approval.