Shareholders of Balurghat Technologies approved the reappointment of key executive directors and the regularisation of an independent director at the company’s 32nd Annual General Meeting (AGM) held on August 11, 2026. The resolutions ensure continuity in leadership for the next five years, with specific approvals allowing Managing Director Pawan Kumar Sethia to continue his tenure despite attaining the age of 70 during his term.

The AGM was conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013, SEBI Listing Regulations, and Ministry of Corporate Affairs circulars. The meeting commenced at 1:00 P.M. IST and concluded at 1:47 P.M. IST. Pawan Kumar Sethia, Managing Director, chaired the proceedings, which were attended by 58 members. The requisite quorum was present, allowing the business to be transacted. Remote e-voting was available from 9:00 A.M. IST on August 7, 2026, to 5:00 P.M. IST on August 10, 2026, with additional e-voting facilities provided during the AGM for eligible members who had not voted remotely.

The Board placed five items of ordinary and special business before the members. These included the adoption of audited financial statements for the financial year ended March 31, 2026, and several directorship appointments. Mr. Udit Agarwal, Advocate, served as the Scrutinizer for the voting process. The Chief Financial Officer assisted in conducting the proceedings and briefed members on the agenda items. Mr. Ravi Kumar Sethia, Whole-time Director, addressed questions raised by members regarding the company’s performance and outlook.

Key Resolutions Passed

The following directorship changes were approved by the shareholders:

The adoption of the Audited Financial Statements for FY26, along with the reports of the Board of Directors and Auditors, was passed as an Ordinary Resolution. The Statutory Auditor and Secretarial Auditor representatives were present at the meeting to address any queries related to the financial statements and compliance matters.

Governance and Compliance

The proceedings were conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consolidated voting results and the Scrutinizer’s Report are required to be submitted to BSE Limited within the prescribed statutory timeline. These documents will also be made available on the company’s website for shareholder reference. The meeting concluded with a vote of thanks extended to the members, directors, auditors, and service providers for their participation.

Balurghat Technologies Limited has accepted the resignation of Ms. Sushma Kumari Agarwal from her positions as Company Secretary and Compliance Officer, effective from the close of business hours on August 1, 2026. The departure, disclosed to the Bombay Stock Exchange (BSE) on August 1, 2026, cites preoccupation as the primary reason for her exit. This change in key managerial personnel requires the company to ensure continuity in compliance oversight and statutory filings.

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated on January 30, 2026. Arun Kumar Sethia, Whole-time Director of Balurghat Technologies Limited, signed the disclosure letter addressed to the Corporate Relationship Department of BSE Limited.

Ms. Agarwal’s resignation letter, submitted to the Board of Directors, formally requested relief from her duties and responsibilities with effect from August 1, 2026. In her letter, she thanked the Board, management, and colleagues for their support during her tenure. She further requested that the company complete necessary statutory filings with the Registrar of Companies and make requisite disclosures to stock exchanges.

Key Details of Resignation

The company has enclosed Annexure A with the details required under the relevant SEBI regulations and a copy of the resignation letter submitted by Ms. Agarwal. The disclosure confirms that there are no applicable brief profiles or relationship disclosures between directors associated with this specific resignation event.

As the outgoing Company Secretary and Compliance Officer, Ms. Agarwal was responsible for ensuring regulatory compliance and managing statutory filings for Balurghat Technologies Limited. Her departure necessitates the appointment of a successor to maintain compliance with listing obligations and corporate governance standards.