Bhageria Industries Limited shareholders approved the reappointment of its three key promoter-directors for three-year terms at its 37th Annual General Meeting (AGM) held on August 1, 2026. The resolutions to retain Suresh Bhageria as Executive Director & Chairman, Vinod Bhageria as Managing Director, and Vikas Bhageria as Joint Managing Director passed with overwhelming support, securing over 99.99% of votes in favor across all items.

The AGM, conducted via Video Conferencing/Other Audio Visual Means (OAVM), transacted seven items of business. In addition to the director appointments, shareholders adopted the standalone and consolidated audited financial statements for the financial year ended March 31, 2026, and declared a dividend on equity shares for FY26. The company also secured approval for the remuneration of KVM & Co., Cost Accountants, as cost auditors for FY27.

Voting Results

The voting process included remote e-voting from July 29 to July 31, 2026, and e-voting during the AGM. A total of 43,644,180 shares were held by shareholders on the record date of July 24, 2026. Of these, 31,145,650 shares were polled, representing a participation rate of 71.36%.

The promoter group held 31,322,615 shares and voted 31,096,667 shares in favor of all resolutions, accounting for 99.28% of their holdings. Public non-institutional shareholders polled 48,983 votes, with approximately 99.87% cast in favor of the resolutions.

Governance and Compliance

Ms. Sonia Chettiar, Partner at GMJ & Associates, Company Secretaries, served as the scrutinizer for the e-voting process pursuant to Section 108 of the Companies Act, 2013. Her report confirmed that all resolutions were passed with the requisite majority under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditors’ reports on the financial statements for FY26 contained no qualifications, observations, or remarks. Similarly, the secretarial audit report for the same period was unqualified. The meeting commenced at 12:30 p.m. IST and concluded at 1:03 p.m. IST, with 46 members attending virtually.

Bhageria Industries Limited has informed stock exchanges that the Securities Appellate Tribunal (SAT) has adjourned the final hearing of its appeal against an adjudication order passed by the Securities and Exchange Board of India (SEBI). The matter, which involves the company’s promoters and directors, is now scheduled for final disposal on October 21, 2026. This development provides temporary relief as the SEBI order dated March 31, 2023, remains stayed until the tribunal delivers its final verdict.

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. The company filed the update with the National Stock Exchange of India Limited and BSE Limited on July 30, 2026. The filing confirms that the stay on the regulatory order continues during the pendency of the appeal, preserving the status quo for the promoters and key management personnel involved.

Procedural Timeline

The legal proceedings have seen multiple adjournments due to the complexity of the case. The matter was previously listed between July 28, 2026, and July 30, 2026. During this listing, the SAT determined that further time was required for final disposal. The next hearing date was fixed in consultation with all concerned parties, including multiple law firms and counsels representing the group matter, as well as the Registry.

Regulatory Compliance Details

The company stated that while tentative next hearing dates were communicated orally during the July session, it awaited the formal upload of the order for confirmation. The order copy was uploaded on July 30, 2026, confirming the October 21, 2026, date. Bhageria Industries Limited also enclosed requisite details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, in Annexure I of the filing.

Deepa Toshniwal, Company Secretary and Compliance Officer of Bhageria Industries Limited, signed the disclosure. The filing noted that there are no changes in the status of litigation against key management personnel other than the adjournment, and no settlement has been reached. The impact of the settlement on the financial position is currently not applicable as the proceedings remain pending.