B&A Packaging India Limited shareholders unanimously approved all six resolutions at its 40th Annual General Meeting (AGM) held on July 23, 2026, confirming strong backing for management decisions including dividend declaration and director reappointments. The meeting, chaired by Chairman Dipankar Mukherjee, saw 72.29% of total shares polled, with promoters casting votes on 99.83% of their holdings.

The voting results were submitted to BSE Limited pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 108 of the Companies Act, 2013. Scrutinizer Tarun Chatterjee, an Advocate at Calcutta High Court, certified that all resolutions passed with 100% support from votes cast, with zero votes against any agenda item.

Voting Participation Breakdown

Promoter and promoter group shareholders held 3,589,814 shares and voted 3,583,714 shares in favor of all resolutions. Public non-institutional shareholders held 1,352,414 shares but participated minimally, polling only 2,165 votes through e-voting and ballot. Public institutional shareholders holding 18,272 shares did not cast any votes.

Resolutions Approved

Shareholders approved ordinary resolutions for adoption of audited standalone financial statements for FY26, declaration of dividend on equity shares, reappointment of Anjan Ghosh (DIN-00655014) and Arvind Parasramka (DIN-01081588) as directors retiring by rotation, and ratification of cost auditor remuneration. A special resolution reappointed Somnath Chatterjee (DIN-00172364) as Managing Director for five years from November 12, 2026 to November 11, 2031.

The cost auditor remuneration was set at ₹1,25,000 excluding applicable tax and reimbursement of actual expenses for M/s. Mou Banerjee & Co., Cost Accountants (Registration No. 000266), for auditing flexible packaging business cost records for FY27.

Voting Process Details

Remote e-voting remained open from July 20 to July 22, 2026, managed by Central Depository Services (India) Limited. Ballot voting occurred at the registered office in Balasore, Odisha, with 308 votes cast physically representing 0.01% of total valid votes. E-voting accounted for 3,585,571 votes or 99.99% of total valid votes cast across all resolutions.

Statutory Auditor Sarvesh Kumar Singh from Salarpuria & Partners presented the auditors' report during the meeting. The ballot box was sealed and opened in presence of independent witnesses Pratm Palit and Babai Sardar, ensuring compliance with Secretarial Standards on General Meetings.

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