Proceedings of the 56th Annual General Meeting held on December 31 2025 at 2.30 pm
Awaiting price reaction for this filing.
Binny Ltd held its 56th AGM on December 31, 2025 at 2:30 PM via video conferencing, chaired by Whole-time Director Shri. Satyanarayanan Balakrishnan. Of the 12,096 shareholders on record (as of December 24, 2025), 43 attended the meeting through VC. Six resolutions were tabled: adoption of FY 2024-25 financial statements (deferred to a later date), re-appointment of Mr. Nutrajan Ramesh as director, approval of a Joint Development Agreement with M/s Osian Construction Private Limited (Chennai) under Section 180(1)(a), noting of an affidavit of compliance filed before SAT (Mumbai) regarding a settlement with Mohan Breweries & Distilleries Limited (MBDL), and removal of two independent directors — Mr. Rajeev Bakshi and Ms. Jamuna — under Section 169 of the Companies Act, 2013. Voting was conducted electronically via CDSL, with results to be announced later. The meeting concluded at 4:00 PM.
The deferral of FY 2024-25 financial results is a red flag — this delays clarity on the company's financial health and may weigh on the stock. The removal of two independent directors and ongoing MBDL settlement highlight unresolved governance and legal issues that shareholders should monitor closely.