Scrutinizer Report and Voting Result 76th AGM
Awaiting price reaction for this filing.
Ballarpur Industries Limited held its 76th AGM on November 3, 2025, via video conferencing, and submitted the voting results and scrutinizer's report to the stock exchanges on November 5, 2025. All three resolutions were passed with virtually unanimous support — 49,557,846 votes in favor versus just 2 votes against each. The resolutions covered (1) adoption of audited financial statements for FY ended March 31, 2021 (an ordinary resolution), (2) ratification of cost auditor remuneration (ordinary), and (3) appointment of Mr. Alok Prakash (DIN: 06913561), CEO, as Whole Time Director with approved remuneration terms (special resolution). On the record date (October 27, 2025), the company had 67,151 shareholders, with only 2 promoter representatives and 49 public shareholders attending via VC. Of the 55 million outstanding shares, about 49.56 million (90.1%) were polled, with promoters voting in full and public non-institutions achieving 86.9% turnout, while public institutions cast zero votes.
All three resolutions passed with overwhelming majority, signaling no shareholder dissent on the agenda items, which should not materially affect stock price. However, investors should note that the AGM is adopting financials for FY ended March 31, 2021 — a delay of roughly 4.5 years — pointing to significant unresolved corporate or regulatory issues (consistent with the company's long-running insolvency/CIRP proceedings).