With reference to the above-captioned subject and pursuant to the provisions of Regulation 30 of the SEBI LODR Regulations, 2015, we wish to inform you that the Board of Directors ('Board') ....
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BCL Enterprises' board, meeting on February 11, 2026, approved several key items. It called a second Extraordinary General Meeting (EGM) for March 9, 2026, via video conferencing. Ms. Sonika Aggarwal (DIN: 11534586) was appointed as an Additional Non-Executive Independent Director, subject to shareholder approval. Statutory Auditor M/s. Sandeep Kumar Singh & Co. resigned citing pre-occupation, with the Audit Committee noting no concerns were raised; M/s. G H R & CO was appointed as the new Statutory Auditor to fill the casual vacancy until the next AGM. Similarly, Internal Auditor Ghanshyam Gupta & Co. resigned citing workload, and M/s. U. Shanker & Associates was appointed as the new Internal Auditor for FY 2025-26. The board also approved raising funds through a loan convertible into equity shares under Section 62(3), pending shareholder approval.
The simultaneous change in both statutory and internal auditors within a single day, combined with a proposal to raise convertible debt, signals potential governance churn and possible future equity dilution for existing shareholders. Shareholders should watch the March 9, 2026 EGM closely for the dilution terms and any related-party disclosures.