Scrutinizer''s report and Voting results of the 56th Annual General Meeting
Awaiting price reaction for this filing.
Binny Limited conducted its 56th AGM on December 31, 2025 via video conferencing, and shareholders approved all six resolutions with overwhelming support. A total of 17,261,651 votes were polled (77.34% of the 22,319,410 outstanding shares), out of which promoter and promoter group voted 100% in favor (12,537,876 votes), while public non-institutional shareholders showed 99.38% support. Two ordinary resolutions (adoption of audited FY2024-25 financials and reappointment of Mr. Nutrajan Ramesh as director) and four special resolutions each passed with 99.78%–99.83% votes in favor. The special resolutions covered approval of a Joint Development Agreement with M/s Osian Constructions Private Limited, noting compliance with a SEBI order dated July 31, 2024 before SAT, and removal of two independent directors—Mr. Rajeev Bakshi (DIN: 00032253) and Mrs. Jamuna (DIN: 10550658). SPNP & Associates acted as Scrutinizer for the e-voting process.
All resolutions passed comfortably, indicating smooth shareholder approval with no significant dissent. Shareholders should note the removal of two independent directors and the green light for a new Joint Development Agreement with Osian Constructions, which could impact the company's real estate development plans. The SEBI order compliance note also signals resolution of a past regulatory matter.