Scrutinizer Report for 77th AGM
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Ballarpur Industries held its 77th Annual General Meeting on November 3, 2025, via video conferencing. Two ordinary resolutions were put to vote: (1) adoption of audited financial statements (including consolidated) for the financial year ended March 31, 2022, and (2) ratification of cost auditor remuneration. Both resolutions were passed with near-unanimous support — 49,557,867 votes in favour (100%) and just 16 votes against each, out of 49,557,883 valid votes polled (90.1% of total 55,000,000 shares). Promoter and promoter group (holding 28,050,000 shares) voted fully in favour. Public institutional shareholders did not participate in voting. The scrutinizer was CS Viral Sanghavi of Viral Sanghavi & Associates.
The overwhelming approval (100% in favour) means shareholders have cleared the FY2022 financial statements and cost auditor appointment without any meaningful opposition, removing a procedural overhang. However, the AGM itself is for FY ending March 31, 2022 — a significant delay (over 3 years late) which may reflect ongoing corporate insolvency resolution or restructuring issues at the company.