This is to inform you that 2nd Extraordinary General Meeting of the members of the Company will be held on Thursday, March 19, 2026 at 12:30 P.M. through video conferencing (VC)/other audio ....
Awaiting price reaction for this filing.
BCL Enterprises has called its 2nd EGM for March 19, 2026 (12:30 PM) via video conferencing, with e-voting open from March 16–18, 2026 and a cut-off date of March 12, 2026. Three items are on the agenda: (1) appointment of Ms. Sonika Aggarwal (DIN: 11534586) as Non-Executive Independent Director for a 5-year term from Feb 11, 2026 to Feb 11, 2031; (2) appointment of M/s. G H R & Co, Chartered Accountants (FRN 132149W) as the new Statutory Auditor to fill the casual vacancy caused by the resignation of M/s. Sandeep Kumar Singh & Co., to hold office until the next AGM; and (3) approval to borrow up to Rs. 1,000 Crore (first tranche of Rs. 300 Crore) from six identified lenders at 8.25–10% p.a. for 36 months, with an enabling option for lenders to convert the outstanding loan into fully paid-up equity shares of the company.
For shareholders, the EGM brings a director addition and an auditor swap (routine governance items), but the main point of attention is Item 3: approval to raise up to Rs. 1,000 Crore through loans that carry a conversion option into equity. If lenders choose to convert, existing shareholders face potential dilution, though conversion pricing will be guided by SEBI ICDR norms and a registered valuer's report. The stock could see some volatility as the market digests the size of the proposed borrowing and the dilution overhang ahead of the March 19 vote.