Balrampur Chini Mills publishes voting results for 50th AGM resolutions
- All 9 resolutions at Balrampur Chini Mills' 50th AGM passed with majority support
- Final dividend of ₹3.50 per share approved with 99.99% voter assent
- Vivek Saraogi reappointed as CMD; Avantika Saraogi reappointed as Executive Director
- Vartika Shukla appointed as new Independent Director for a five-year term
*this image is generated using AI for illustrative purposes only.
Balrampur Chini Mills Limited has submitted the voting results and scrutinizer’s report for its 50th Annual General Meeting held on September 16, 2026. The company confirmed that all nine ordinary and special resolutions were passed with the requisite majority.
The meeting, conducted via video conferencing, saw participation from 8 promoter group members and 99 public shareholders. CS Amber Ahmad served as the scrutinizer for the process.
Voting Outcomes
Shareholders overwhelmingly supported the adoption of standalone and consolidated audited financials for FY26, with over 99.99% of votes cast in favor. The final dividend of ₹3.50 per equity share was also approved, receiving 99.99% assent.
| Resolution | Type | Votes in Favor | Votes Against | % in Favor |
|---|---|---|---|---|
| Adoption of FY26 Financials | Ordinary | 99.9996% | 0.0004% | Passed |
| Final Dividend of ₹3.50/share | Ordinary | 99.9976% | 0.0024% | Passed |
| Re-appointment of Praveen Gupta | Ordinary | 99.9655% | 0.0345% | Passed |
| Re-appointment of Vivek Saraogi (CMD) | Special | 99.1801% | 0.8199% | Passed |
| Re-appointment of Avantika Saraogi | Special | 97.4532% | 2.5468% | Passed |
| Appointment of Vartika Shukla | Special | 99.9996% | 0.0004% | Passed |
Board Appointments
The special resolution to re-appoint Vivek Saraogi as Chairman and Managing Director for a five-year term from April 1, 2027, received 99.18% support. Ms. Avantika Saraogi’s re-appointment as Executive Director saw slightly higher dissent, with 2.55% of votes cast against the resolution, though it still passed comfortably. Ms. Vartika Shukla was appointed as an Independent Director with near-unanimous support.
Governance and Compliance
Remote e-voting facilities were provided through KFin Technologies Limited from September 13 to September 15, 2026. The statutory and secretarial auditors issued reports without qualifications, which were not read out during the meeting. The company also obtained shareholder approval to accept grant assistance from BIRAC.
Historical Stock Returns for Balrampur Chini Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.64% | +4.48% | -4.68% | +41.16% | +41.44% | +82.03% |
How will the newly approved BIRAC grant assistance impact Balrampur Chini Mills' R&D pipeline and future product diversification beyond traditional sugar?
Given the 2.55% dissent against Avantika Saraogi's re-appointment, what specific governance or performance concerns might be driving this minority shareholder sentiment?
Will the consistent dividend payout of ₹3.50 per share signal a stable capital return policy, or does it indicate limited reinvestment opportunities in the current sugar cycle?
16
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
