B.C. Power Controls Ltd held its 18th Annual General Meeting on September 30, 2026, through video conferencing. The meeting addressed the adoption of FY26 financial statements and key leadership re-appointments.

Meeting proceedings and attendance

The meeting commenced at 2:00 pm and concluded at 2:56 pm. The deemed venue was the company's registered office. Mrs. Dimple Malik, Company Secretary and Compliance Officer, welcomed members and outlined voting procedures. Remote e-voting was available from September 27 to September 29, 2026.

The following panelists participated in the meeting:

Resolutions passed

Shareholders considered and adopted the audited standalone financial statements for the financial year ended March 31, 2026. The Directors' Report and Auditors' Reports were noted without any adverse remarks or reservations.

Ordinary business

1. Adoption of Financial Statements: The audited Balance Sheet and Statement of Profit and Loss for FY26 were adopted.
2. Director Re-appointment: Chander Shekhar Jain, who retired by rotation, was re-appointed as a Director.

Special business

1. Managing Director Re-appointment: Chander Shekhar Jain was re-appointed as Managing Director.
2. Whole Time Director Re-appointment: Nitin Aggarwal was re-appointed as Whole Time Director.
3. Related Party Transactions: Approval was sought for material related party transactions.

Governance and compliance

The meeting complied with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory registers were available for electronic inspection by shareholders. The scrutinizer's report on the voting results is to be declared within the stipulated time and submitted to BSE Limited.

BC Power Controls has dispatched a letter to shareholders whose email addresses are not registered, providing a weblink and QR code to access the company's 18th Annual Report for the financial year ended March 31, 2026. The communication was sent on September 7, 2026, in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company also confirmed that the Notice of the 18th Annual General Meeting (AGM) and the Annual Report have been emailed to all shareholders with registered email addresses with the Company, Registrar & Transfer Agent (RTA), or Depository Participants. Members without registered email IDs are requested to update their details with their respective Depository Participants or the RTA, M/s Bigshare Services Pvt. Ltd., to receive future communications electronically.

AGM details and agenda

The 18th AGM is scheduled for September 30, 2026, at 2:00 pm through Video Conferencing and Other Audio-Visual Means. The registered office in Karol Bagh, New Delhi, is deemed as the venue. The Register of Members and Share Transfer Books will remain closed from September 25, 2026, to September 30, 2026. Remote e-voting via NSDL opens on September 27, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm. The cut-off date for determining voting eligibility is September 24, 2026.

The meeting will transact the following ordinary and special business items:

• Adoption of audited standalone financial statements for the financial year ended March 31, 2026
• Re-appointment of Mr. Chander Shekhar Jain (DIN: 08639491) as Director, retiring by rotation
• Re-appointment of Mr. Chander Shekhar Jain as Managing Director for five years effective August 14, 2026, to August 13, 2031
• Re-appointment of Mr. Nitin Aggarwal (DIN: 06713847) as Whole Time Director for five years effective February 14, 2027, to February 13, 2032
• Approval of material related party transactions with Proxima Industries Private Limited up to ₹200 crore

Financial performance for FY26 and FY25

The following financial performance data has been disclosed as part of the explanatory statement for managerial remuneration proposals:

Managerial re-appointments and remuneration

The Board, on recommendation of the Nomination and Remuneration Committee, has proposed re-appointment of Mr. Chander Shekhar Jain as Managing Director. His proposed salary is up to ₹10,00,000 per annum; he is drawing ₹4,80,000 per annum. Mr. Nitin Aggarwal's proposed salary as Whole Time Director is also up to ₹10,00,000 per annum; he is drawing ₹7,80,000 per annum. Both remuneration proposals require shareholder approval via special resolution under Schedule V of the Companies Act, 2013, given the company's disclosure of inadequate profits.

Related party transaction approval

Shareholder approval is sought as an ordinary resolution to ratify and approve transactions with Proxima Industries Private Limited, a related party in which both Mr. Chander Shekhar Jain and Mr. Nitin Aggarwal are directors and shareholders. The aggregate transaction value shall not exceed ₹200 crore from the conclusion of the 18th AGM to the conclusion of the 19th AGM in 2027. Transactions cover sale, purchase, supply of goods or materials, job work, and short-term working capital requirements.

E-voting and participation details

Members may participate through the NSDL e-voting platform. Up to 1,000 members can join on a first-come-first-served basis, excluding large shareholders holding 2% or more, promoters, institutional investors, directors, and key managerial personnel. Members who have already cast their vote via remote e-voting may attend the AGM through VC/OAVM but will not be entitled to vote again. The scrutinizer for the voting process is Mr. Sanjeev Dabas, Practicing Company Secretary. Results will be declared to stock exchanges after the conclusion of the AGM and placed on the company's website.