The Company has received Special Notice from the Public Shareholders to remove an Independent Director Mr Rajeev Bakshi

Binny Limited has informed the stock exchanges that it received a Special Notice from public shareholders (holding 1.07% or 240,000 equity shares) on December 3, 2025, seeking the removal of Independent Director Mr. Rajeev Bakshi (DIN: 00032253) under Sections 169 and 115 of the Companies Act, 2013. The shareholders have also demanded that Mr. Bakshi be blacklisted from any association with the company as director, employee, vendor, or lender for 5 years. The shareholders allege four governance failures by Mr. Bakshi: (1) he did not qualify as an Independent Director as he was not empanelled with the Indian Institute of Corporate Affairs and did not disclose this at appointment, (2) he failed to disclose familial ties with RRB Energy Limited, which received over Rs. 29 crore from Binny Limited, (3) he failed to disclose familial ties with promoters of Mohan Meakins, a licensor to Mohan Breweries (which shares promoters with Binny Limited), and (4) he failed to disclose earnings of about Rs. 3 crore routed from Binny Limited to his firm Geetanjali Enterprises Limited.