Pursuant to Regulation 30 read with SEBI (Listing Obligation and Disclosure Requirements)Regulations, 2015, please find attached herewith the Notice of convening 01st Extra-ordinary General ....
BNAGROCHEM · price
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BN Holdings Limited has called an EGM on August 18, 2025, at 1:00 PM via video conferencing, with four special business items for shareholder approval. Item 1 seeks approval to appoint Mr. Chintan Ajaykumar Shah as Whole-Time Director & CEO for 5 years (May 21, 2025 to May 20, 2030) with a salary of Rs 5,00,000 per month plus perquisites up to Rs 5,00,000 per month and a commission of up to 5% of net profits. Item 2 seeks approval to appoint Mr. Sandeep Chauhan, a retired IRS officer, as Independent Director for 5 years from June 14, 2025. Item 3 seeks approval to change Mr. Anubhav Agarwal's designation from Managing Director (Executive) to Non-Executive Director for 5 years, with him ceasing to draw remuneration as he pursues overseas business interests. Item 4 seeks approval for material Related Party Transactions of up to Rs 100 crore each between the company's subsidiaries (BN Holdings Europe, BN Holdings Singapore, BNPB Liberia Corporation), including loans, investments, and sale/purchase of goods or services. Remote e-voting runs from August 15-17, 2025, with the cut-off date being August 13, 2025. The company reported standalone revenue of Rs 2,562.89 lakhs and a loss of Rs 5,963.13 lakhs for FY25, while consolidated revenue stood at Rs 29,940.64 lakhs with a profit of Rs 1,975.56 lakhs.
Shareholders need to vote on key leadership changes including a new CEO, a new Independent Director, and the Managing Director stepping back to a non-executive role to focus on overseas ventures. The proposed Rs 100 crore related party transactions between subsidiaries are material and require shareholder approval, but are stated to be at arm's length and in the ordinary course of business.