B&A Packaging India Limited held its 40th Annual General Meeting (AGM) on July 23, 2026, at its Registered Office in Odisha. Shareholders approved the audited standalone financial statements for the financial year ended March 31, 2026, and declared a dividend on equity shares for the same period. The meeting also addressed the reappointment of directors and the ratification of cost auditor remuneration.

The AGM was chaired by Mr. Dipankar Mukherjee, Chairman of the Board, with the requisite quorum present. Key attendees included Mr. Somnath Chatterjee, Managing Director, and Mr. Anupam Ghosh, Company Secretary and Compliance Officer. The statutory registers and documents were open for inspection as per the Companies Act, 2013.

Resolutions Passed

The company transacted six resolutions during the meeting, covering both ordinary and special business. The remote e-voting facility, managed by Central Depository Services (India) Limited (CDSL), was open from July 20 to July 22, 2026. The cut-off date for determining eligibility was July 16, 2026.

Meeting Proceedings

Mr. Sarvesh Kumar Singh, Statutory Auditor from M/s. Salarpuria & Partners, presented the Auditors' Report. Members acknowledged the company's performance during FY26. The scrutinizer for the e-voting and venue ballot voting was Mr. Tarun Chatterjee. The meeting concluded at 11:30 A.M. after the ballot voting process was completed.

B&A Packaging India Limited has scheduled its 40th Annual General Meeting (AGM) for July 27, 2026, at its registered office in Balasore, Odisha, to approve the audited financial statements for the financial year ended March 31, 2026. The meeting will seek shareholder approval for the reappointment of Somnath Chatterjee as Managing Director for a period of five years, commencing from November 12, 2026. The Board has recommended a dividend of Re. 1 per share for the financial year ended March 31, 2026, subject to approval at the AGM.

The Board of Directors recommends the reappointment of Mr. Chatterjee, whose current term expires on November 11, 2026. The proposed tenure extends from November 12, 2026, to November 11, 2031. His remuneration package includes a basic salary of ₹1,80,000 per month, subject to annual increments, along with allowances such as gratuity, personal allowance, and a foreign travel allowance capped at ₹15 lakhs once every two years. The resolution specifies that in the event of loss or inadequate profits, the remuneration will be paid as minimum guaranteed remuneration within Schedule V limits of the Companies Act, 2013.

Shareholders will also vote on the ratification of remuneration for M/s. Mou Banerjee & Co., Cost Accountants, appointed to audit the cost records for the flexible packaging business for the financial year ending March 31, 2027. The Board has approved a fee of ₹1,25,000, excluding applicable taxes and reimbursement of actual expenses. This ratification is required pursuant to Section 148 of the Companies Act, 2013.

The AGM agenda includes the adoption of audited standalone financial statements for FY26 and the declaration of dividends on equity shares. Additionally, the meeting will witness the reappointment of two directors, Mr. Anjan Ghosh and Mr. Arvind Parasramka, who retire by rotation and are eligible for reappointment.

The company has fixed Thursday, July 16, 2026, as the record date to determine shareholder eligibility for voting and dividend entitlement. The register of members and share transfer books will remain closed from July 17, 2026, to July 23, 2026. Remote e-voting will be available from July 20, 2026, to July 22, 2026.

Key AGM Details

Director Reappointment Details