Shareholders of Balurghat Technologies approved the reappointment of Managing Director Pawan Kumar Sethia and Whole-time Director Arun Kumar Sethia, alongside the regularisation of Non-Executive Independent Director Shweta, at the company’s 32nd Annual General Meeting (AGM) held on August 11, 2026. The resolutions ensure leadership continuity for the next five years, with specific shareholder consent allowing Pawan Kumar Sethia to continue his tenure despite attaining the age of 70 during his term. This outcome secures the existing management structure without disruption.

The meeting was conducted via 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. Kamalia Associates served as the Scrutinizer for the voting process under Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management & Administration) Rules, 2014. Remote e-voting was available from August 7 to August 10, 2026, through the CDSL e-Voting System. A total of 58 members attended the meeting, comprising nine promoter group representatives and 49 public shareholders.

Voting Results and Resolutions

The Board placed five items of business before the members, all of which were passed with overwhelming support. Promoter and promoter group shareholders, holding 6,052,541 shares, cast 100% of their votes in favor of all resolutions. Public non-institutional shareholders polled 2,635,488 votes, with 99.9954% voting in favor across all items. Only 120 votes were cast against any resolution, representing 0.0014% of the total votes polled.

Arun Kumar Sethia’s reappointment as Whole-time Director is for a five-year term from October 28, 2026, to October 27, 2031. Pawan Kumar Sethia’s term as Managing Director runs from February 21, 2027, to February 20, 2032. Shweta’s regularisation as a Non-Executive Independent Director covers a first term of five years from May 28, 2026, to May 27, 2031; she is not liable to retire by rotation. Rajendra Dugar was reappointed as a Director retiring by rotation.

Governance and Compliance

The proceedings adhered to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Scrutinizer’s Report confirms that the electronic voting data has been maintained securely and will be handed over to the company upon confirmation of the minutes’ signing by the Chairman. The consolidated voting results have been submitted to BSE Limited. Mr. Ravi Kumar Sethia, Whole-time Director, addressed member queries regarding the company’s performance, while the Statutory Auditor and Secretarial Auditor representatives were present to clarify financial and compliance matters.

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.