Bengal & Assam Company Limited has successfully completed its postal ballot process, with shareholders approving the special resolution to shift the company's registered office from West Bengal to Haryana. The results were declared on April 6, 2026, following the completion of remote e-voting, as communicated to BSE Limited under Regulation 30 and 44(3) of SEBI LODR 2015.

Postal Ballot Process and Timeline

The postal ballot notice was issued on February 13, 2026, and dispatched to shareholders on February 24, 2026. The company sent the notice via email to 18,691 members whose email addresses were registered with the company, depositories, or the registrar and share transfer agent. The remote e-voting period commenced on March 7, 2026, at 10:00 AM and concluded on April 5, 2026, at 5:00 PM through the CDSL e-voting platform.

Voting Results and Participation

The postal ballot witnessed significant participation from shareholders across all categories:

The voting results demonstrate overwhelming support for the proposed relocation, with 9,621,399 votes cast in favour representing 100.00% of the valid votes polled. Only 47 votes were cast against the resolution from 7 members, representing a negligible 0.0004% of the total valid votes.

Scrutinizer's Report and Validation

Amar Nath Jaiswal, a practicing Company Secretary and Partner at NNA & Associates, served as the appointed scrutinizer for the postal ballot process. His report, dated April 6, 2026, confirmed that all votes cast by members were valid and that the special resolution was passed with the requisite majority. The scrutinizer oversaw the unblocking and downloading of votes from the CDSL e-voting portal on April 6, 2026, at 10:54 AM, witnessed by Ms. Naina and Mr. Hritik Anand.

Regulatory Compliance and Documentation

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and relevant rules under the Companies (Management and Administration) Rules, 2014. The company published advertisements regarding the postal ballot on February 25, 2026, in Financial Express (English) and Aajkal, Kolkata edition (Bengali). The cut-off date for determining eligible shareholders was set as February 27, 2026, with a total of 25,908 shareholders on record, including 35 promoters and promoter group members and 25,873 public shareholders.

Corporate Details and Next Steps

With the approval of this special resolution, Bengal & Assam Company Limited will proceed with the formal process of shifting its registered office from West Bengal to Haryana. The company, which has been operating for 140 years as part of the J.K. Organization, currently maintains its registered office at 7, Council House Street, Kolkata, West Bengal. Company Secretary Dillip Kumar Swain signed the official communication to BSE Limited regarding the postal ballot results under BSE Scrip Code 533095.

Bengal & Assam Company Limited has announced a significant equity allotment by its step-down subsidiary, marking an important corporate development within the group structure. The company disclosed this transaction under regulatory compliance requirements to the stock exchange.

Share Allotment Details

JK Agri Research Services Limited (JKARSL), a step-down subsidiary of J.K. Fenner (India) Limited, has completed the allotment of equity shares to strengthen its capital structure. The transaction involves strategic shareholding changes within the group companies.

Shareholding Impact

The equity allotment has resulted in a substantial change in the ownership structure of JKARSL. Sridharnath Research Limited, which was already an existing shareholder, has significantly increased its stake in the company.

Corporate Structure and Compliance

The transaction involves multiple layers of the corporate structure, with JKARSL being a step-down subsidiary of J.K. Fenner (India) Limited (JKFIL), which is classified as a material subsidiary of Bengal & Assam Company Limited. Both JKARSL and SRL are connected through their relationship with JKFIL, making them fellow subsidiaries within the group.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in material corporate actions. The company had previously communicated about this matter through a letter dated 8th January, 2025, indicating ongoing regulatory compliance and stakeholder communication.

Key Transaction Highlights

• Strategic consolidation: The allotment represents internal restructuring within the group
• Significant control increase: SRL's shareholding jumped from majority to super-majority stake
• Cash transaction: The entire Rs. 5,00,000 consideration was paid in cash
• Regulatory compliance: Full disclosure made under SEBI listing regulations

This equity allotment reflects the group's internal capital allocation strategy and strengthens the ownership structure within the subsidiary network of Bengal & Assam Company Limited.