Beeyu Overseas Limited shareholders approved the adoption of audited standalone financial statements for FY26 along with key director appointments during its 33rd Annual General Meeting (AGM) held on September 23, 2026.

The meeting was conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM) in compliance with regulatory circulars. Mr. Sovan Chatterjee chaired the session, confirming the requisite quorum was present. The company’s registered office in Kolkata served as the deemed venue for the virtual assembly.

Resolutions passed at the AGM

Three resolutions were put to vote, all of which received shareholder approval. The agenda included the adoption of financial reports, the re-appointment of a retiring director, and the appointment of a new independent director.

Voting results analysis

The voting process was overseen by Practising Company Secretary Sweety Kapoor. A total of 86 members cast their votes through remote e-voting, while no members voted during the live e-voting session at the AGM. The promoter group voted unanimously in favor of all three resolutions, holding a significant stake that influenced the overall outcome.

Public shareholder dissent

While the promoter group showed full support, public non-institutional investors displayed notable dissent on governance matters. For the re-appointment of Pranab Chakraborty, 30.36% of votes polled by public non-institutional shareholders were cast against the resolution. Similarly, for the appointment of Simran Saha as an Independent Director, 31.08% of public non-institutional votes were against the motion.

Despite this dissent from the public minority, the resolutions were carried due to the overwhelming support from the promoter group, which held 100% of its shares in favor across all items. The total votes polled represented approximately 24.78% of the outstanding shares.

What the numbers show

The voting data reveals a clear divergence between promoter and public sentiment on board composition. While the adoption of financial statements saw minimal opposition (0.02% of total votes against), the director appointments faced roughly 0.19% to 0.20% opposition in aggregate terms. However, when isolating the public non-institutional category, the opposition rises to nearly one-third of participating public votes, suggesting specific concerns among retail or smaller institutional holders regarding these appointments, even though they lacked the numerical weight to block the resolutions.

Beeyu Overseas has scheduled its 33rd Annual General Meeting (AGM) for Wednesday, September 23, 2026. The meeting will be conducted via Video Conference or Other Audio Visual Means without physical presence of members.

Remote e-voting commences at 9 am on Sunday, September 20, 2026, and concludes at 5 pm on Tuesday, September 22, 2026. Shareholders holding shares as on the record date of Wednesday, September 16, 2026, are eligible to vote. The company has fixed the book closure period from Tuesday, September 22, 2026, to Wednesday, September 23, 2026.

Financial Performance

The company’s loss narrowed compared to the previous year, where it reported a net loss of ₹3.84 lakh. Total income declined marginally from ₹15.37 lakh in FY25 to ₹14.85 lakh in FY26. This income is derived entirely from other sources, including interest received and sub-lease rent, as the company has no operational revenue from core business activities.

Expenses fell by approximately 11%, driven largely by a significant reduction in listing fees, which dropped from ₹85.55 lakh to ₹51.87 lakh. Employee benefits remained stable at ₹18 lakh, while other expenses decreased due to lower legal and professional charges offset by higher advertising costs.

Capital Reduction Scheme Status

A key development remains the pending capital reduction scheme approved by shareholders in September 2024. The proposal seeks to reduce the issued share capital from ₹14.14 crore to ₹8.28 lakh. As of the report date, the petition is still pending before the National Company Law Tribunal (NCLT), Bench-II, Kolkata. No sanction order has been received, and thus no consequential effects have been reflected in the financial statements.

Governance and Director Appointments

The Board recommends the re-appointment of Mr. Pranab Chakraborty, who retires by rotation. Additionally, shareholders will vote on a special resolution to re-appoint Mrs. Simran Saha as an Independent Director for a second term of five years, effective December 19, 2026.

The company has not declared any dividend for FY26 due to current and carried-forward losses. The paid-up equity capital remains unchanged at ₹14.14 crore.