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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Binny Mills Ltd held an Extra-Ordinary General Meeting on 22nd May 2025 via video conferencing, where shareholders passed all four resolutions with 100% approval. The resolutions included the appointment of Mr. Ashwath Naroth (DIN: 05343532) as Independent Director, Mr. T. Yeswanth (DIN: 01236613) as Non-Executive Non-Independent Director, and two related-party loan approvals to TCP Limited under Sections 185/186 of the Companies Act and SEBI LODR Regulation 23. Total valid votes cast were 16,04,423 from just 22 shareholders out of 8,186 total shareholders on the record date. The EGM was conducted through remote e-voting (19-21 May 2025) and e-voting at the meeting, with 35 members attending via VC. Scrutinizer K. Elangovan certified the voting as fair and transparent.
The new director appointments strengthen the board, but the two resolutions approving loans to TCP Limited indicate continued related-party financial support, which minority shareholders should monitor closely. The extremely low voter turnout (22 of 8,186 shareholders) and unanimous approval suggest concentrated promoter shareholding, meaning retail investors have limited influence over corporate decisions.