Barak Valley Cements shareholders approve MD reappointment, RPTs
- Barak Valley Cements held its 27th AGM virtually on September 29, 2026
- Shareholders approved re-appointment of Kamakhya Chamaria as Managing Director
- Material related-party transactions with North East Power and Infra Ltd ratified
- Auditors' report for FY26 standalone and consolidated statements had no qualifications
*this image is generated using AI for illustrative purposes only.
Barak Valley Cements Limited held its Twenty Seventh Annual General Meeting (AGM) on September 29, 2026, via video conferencing. Shareholders passed all proposed resolutions, including the re-appointment of Vice Chairman and Managing Director Kamakhya Chamaria and the ratification of material related-party transactions with North East Power and Infra Ltd.
The meeting commenced at 3:00 pm and concluded at 4:05 pm. The requisite quorum was present, with 74 members attending directly and no proxies registered. The Company Secretary, Preeti Bhatia, facilitated the proceedings, ensuring compliance with SEBI Listing Regulations and the Companies Act, 2013.
Key Resolutions Passed
The following ordinary and special business items were approved by the members through e-voting:
| Item | Resolution Details |
|---|---|
| Adoption of Financials | Adoption of audited standalone and consolidated financial statements for FY26. |
| Director Re-appointment | Appointment of Nishant Garodia as Director in place of retiring director. |
| Cost Auditor Remuneration | Ratification of remuneration payable to Cost Auditor for FY27. |
| MD Re-appointment | Re-appointment of Kamakhya Chamaria as Managing Director. |
| RPT Ratification | Ratification of material related-party transaction with North East Power and Infra Ltd. |
| RPT Approval | Approval of material related-party transaction with North East Power and Infra Ltd. |
Governance and Compliance Highlights
The Chairman informed members that the statutory auditors’ report on both standalone and consolidated financial statements for the year ended March 31, 2026, contained no qualifications, observations, or adverse remarks. The management addressed observations noted in the Secretarial Audit Report.
Voting was conducted electronically through National Securities Depository Limited (NSDL). Remote e-voting opened on September 26, 2026, and closed on September 28, 2026. Members present at the virtual meeting were also provided a 15-minute window to vote after the meeting concluded. The scrutinizer, Balwan Jain, Chartered Accountant, oversaw the voting process.
Board Composition and Attendance
All eight directors were present at the meeting, eliminating the need for leave of absence. The board included:
- Kamakhya Chamaria (Chairman, CSR Committee)
- Gaurav Tulshyan
- Santosh Kumar Bajaj
- Vaibhav Arora (Chairman, Stakeholder Relationship and Nomination & Remuneration Committees)
- Vandana Agarwal
- Poonam Gupta
- Vishal More (Chairman, Audit Committee)
- Nishant Garodia
Key managerial personnel, including CEO Mukesh Kumar Shovasaria and CFO Rajesh Aggarwal, attended the meeting. Statutory auditors from P.K. Lakhani & Co., cost auditors from RKKV & Associates, secretarial auditors from Gaurav Yadav & Co., and the scrutinizer were also present by invitation.
Historical Stock Returns for Barak Valley Cements
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.84% | -0.54% | -6.90% | +14.87% | -20.89% | +73.18% |
How might the ratification of material related-party transactions with North East Power and Infra Ltd. impact Barak Valley Cements' future capital expenditure plans and energy costs?
What specific strategic initiatives will Managing Director Kamakhya Chamaria prioritize in his new term to address regional cement demand fluctuations?
In what ways does the appointment of Nishant Garodia to the board signal potential shifts in the company's governance or expansion strategy for FY27?
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