Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, please find attached the outcome of Board Meeting held today i.e. July 23, 2025.
BNAGROCHEM · price
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The board of BN Agrochem Ltd (formerly BN Holdings Limited), at its meeting on July 23, 2025, approved a corporate guarantee of up to INR 700 Crore in favour of bank/financial institutions on behalf of Epitome Industries India Limited, a related party where the promoter group holds shares. The board also approved changing the company name from BN Holdings Limited, subject to approval from ROC, CRC, and MCA, along with corresponding changes to the MOA and AOA. An Extra-Ordinary General Meeting has been scheduled for August 18, 2025, to seek shareholder approval, with August 13, 2025 set as the cut-off date for e-voting eligibility. Mehta & Mehta was appointed as scrutinizer and BIGSHARE Services as the e-voting agency, while Mehta & Mehta was also appointed as secretarial auditor for five years (FY 2025-26 to 2029-30), pending shareholder approval.
The INR 700 Crore corporate guarantee for a related-party entity is a significant contingent liability — if the lender invokes the guarantee, it could materially affect the company's financials. The proposed name change from BN Holdings Limited signals a rebranding, and shareholders will vote on these matters at the August 18, 2025 EGM.