Bengal tea & fabrics Limited has announced the cessation of two independent directors upon completion of their second and final terms. The company informed BSE on April 01, 2026, about this corporate governance development in compliance with regulatory requirements.

Directors Completing Second Tenure

The following independent directors ceased their positions with effect from close of business hours on March 31, 2026:

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the same regulations. The company also complied with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, by providing detailed disclosures in Annexure A.

Management Acknowledgment

The Board of Directors and Management of Bengal Tea & Fabrics Limited expressed deep appreciation and gratitude towards both directors for their extensive contribution and stewardship during their tenure. The company secretary and compliance officer, Himangshu Kedia, signed the official communication to BSE.

Corporate Information

Bengal Tea & Fabrics Limited, incorporated in 1983, operates from its registered office at Century Towers, Shakespeare Sarani, Kolkata. The company holds ISO 22000:2018 and ISO 9001:2015 certifications and maintains Trustea certification for its operations.

Bengal tea & fabrics Limited has successfully completed its postal ballot process under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with shareholders demonstrating overwhelming support for corporate governance initiatives by approving the appointment of two Independent Directors.

Postal Ballot Process and Timeline

The company conducted the postal ballot seeking shareholder approval for two special resolutions related to board appointments. The voting process was overseen by Mrs. Swati Bajaj of Bajaj Todi & Associates, who served as the scrutinizer for the postal ballot.

Director Appointments Approved

Both special resolutions received exceptional shareholder support, with identical voting patterns reflecting strong confidence in the proposed appointments.

Resolution 1: Mr. Arun Jhunjhunwala Appointment

Mr. Arun Jhunjhunwala (DIN: 08249715) was appointed as an Independent Director with requisite majority approval.

Resolution 2: Mr. Amitabh Sonthalia Appointment

Mr. Amitabh Sonthalia (DIN: 00212312) was also appointed as an Independent Director with identical voting support.

Shareholder Category Analysis

The voting demonstrated strong alignment across all shareholder categories:

Regulatory Compliance and Filing

The postal ballot was conducted in accordance with Section 108 and Section 110 of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company utilized remote e-voting facility provided by National Securities Depository Limited (NSDL) for the voting process.

The scrutinizer's report, dated March 21, 2026, confirmed the validity of the voting process and results. Company Secretary Himangshu Kedia communicated the results to BSE Limited on March 23, 2026, fulfilling all regulatory disclosure requirements under Regulation 44.

Corporate Governance Enhancement

The appointment of these Independent Directors strengthens Bengal Tea & Fabrics Limited's board composition and corporate governance framework. The overwhelming shareholder support, with 99.99% approval for both appointments, reflects strong confidence in the company's strategic direction and board enhancement initiatives. The successful completion of the postal ballot process demonstrates the company's commitment to transparent corporate governance practices.