Bai-Kakaji Polymers reappoints chairman, alters MoA at 13th AGM
- Bai-Kakaji Polymers held its 13th AGM on September 12, 2026, with 26 members attending.
- Shareholders approved the reappointment of Chairman Balkishan Pandurangji Mundada.
- A special resolution was passed to alter the Objects Clause of the Memorandum of Association.
- Audited financial statements for FY26 were adopted without adverse auditor remarks.
*this image is generated using AI for illustrative purposes only.
Bai-Kakaji Polymers Limited held its 13th Annual General Meeting on September 12, 2026, where shareholders approved the reappointment of its chairman and passed a special resolution to amend the company’s Memorandum of Association.
The meeting, held in physical mode at the company’s registered office in Latur, Maharashtra, saw the participation of 26 members holding 1,59,22,200 shares. The session commenced at 11:00 am and concluded at 12:30 pm.
Key Resolutions Passed
Shareholders approved several ordinary and special resolutions during the proceedings. The key outcomes included:
- Adoption of the audited standalone and consolidated financial statements for FY26.
- Reappointment of Mr. Balkishan Pandurangji Mundada as a director upon retirement by rotation.
- Approval of material related-party transactions with Bai-Kakaji Aquasure Solutions Private Limited.
- Alteration of Clause III(A) (Objects Clause) of the Memorandum of Association via a special resolution.
Board and Management Attendance
The meeting was presided over by Mr. Balkishan Pandurangji Mundada, Chairman and Managing Director. Other directors in attendance included Mr. Akshay Balkishan Mundada (CFO and Director), Mr. Harikishan Pandurangji Mundada (Whole Time Director), and Mrs. Kiran Balkishan Mundada (Director). Independent directors Mr. Nilesh Gokuldas Chandak and Mr. Balu Govindlal Bhansali were also present.
Mr. Dheerajkumar Pannalal Tiwari, Company Secretary and Chief Compliance Officer, explained the voting procedure. Remote e-voting was conducted from September 9 to September 11, 2026. Members who had not voted electronically cast their votes via ballot paper during the physical meeting.
Auditor Reports
The Chairman informed members that the Statutory Auditor’s Report and Secretarial Auditor’s Report, forming part of the Annual Report, contained no adverse remarks, qualifications, or observations. CA Piyush Bajaj served as the Statutory Auditor, while CS Shashikant Sharma was appointed as the Scrutinizer for e-voting.
Manufacturing Footprint
The company operates four manufacturing facilities located within the MIDC areas of Latur, Maharashtra. These locations include Plot No. M3 & M4, Plot No. G17, Plot No. G3/1 & G19/1/1, and Plot No. D-52 in Additional MIDC, Latur.
Historical Stock Returns for Bai Kakaji Polymers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.32% | -3.51% | +21.58% | +70.62% | 0.0% | 0.0% |
How will the alteration of Clause III(A) in the Memorandum of Association expand Bai-Kakaji Polymers' business scope or enable new product lines?
What is the strategic rationale behind approving material related-party transactions with Bai-Kakaji Aquasure Solutions, and how might this impact future revenue streams?
Given the clean auditor reports for FY26, what specific growth initiatives or capital expenditure plans did management outline for the upcoming fiscal year?
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