yes
Awaiting price reaction for this filing.
Ballarpur Industries held its 77th AGM on November 3, 2025 via video conferencing, lasting just 18 minutes (3:00 PM to 3:18 PM). The two ordinary resolutions put to vote were: (1) adoption of the audited financial statements for the financial year ended March 31, 2022, and (2) rectification of remuneration of Cost Auditors — both passed with requisite majority. The Chairman Hardik Bharat Patel briefed members on the company's post-insolvency revival, noting the completion of the Corporate Insolvency Resolution Process (CIRP) and the takeover by Resolution Applicant Finquest Financial Solutions Private Limited, as approved by NCLT Mumbai on March 31, 2023. No members registered as speakers or submitted questions, and voting was conducted via remote e-voting (Oct 30 – Nov 2, 2025) and electronic voting at the meeting.
The AGM signals continued restructuring of Ballarpur Industries under its new post-CIRP management, but the very short duration, absence of shareholder questions, and the notably delayed FY2022 financials (being adopted nearly 3.5 years later in late 2025) highlight that the company is still in recovery mode. Shareholders should watch for the pending financial statements and any updates on operational revival promised by the new Board.