Bhandari Hosiery Exports concluded its 33rd Annual General Meeting on September 15, 2026. The gathering approved the reappointment of Nitin Bhandari as Chairman and Managing Director for five years, effective November 22, 2026.

The Ludhiana-based hosiery exporter also approved an increase in Mr. Bhandari's remuneration through a special resolution. Shareholders adopted the audited financial statements for the year ended March 31, 2026, and approved the dividend declaration for FY26.

Key Resolutions Passed

The meeting addressed both ordinary and special business items. All resolutions were passed via remote e-voting and polling, as per SEBI regulations. The results were to be announced within two working days.

Governance and Attendance

Mr. Nitin Bhandari presided over the proceedings. The quorum was established with 34 shareholders present in person or through proxy. This included five promoter group members and 29 public shareholders.

Ms. Shilpa Tiwari, Company Secretary, confirmed that remote e-voting was conducted via CDSL from September 12 to September 14, 2026. M/s Rajeev Bhambri and Associates served as the scrutinizer for both e-voting and polling processes.

Board Representation

The following directors were present at the meeting:

• Nitin Bhandari, Chairman and Managing Director
• Vikas Nayar, Non-Executive Director
• Rajesh Kumar, Non-Executive Director
• Komal Kathuria, Independent Director
• Alka Gambhir, Independent Director
• Sharon Arora, Independent Director
• Rohit Kumar Chhabra, Independent Director

Bhandari Hosiery Exports Limited has convened its 33rd Annual General Meeting (AGM) for Tuesday, September 15, 2026, at its registered office in Ludhiana. The company has officially fixed Tuesday, September 8, 2026, as the record date to determine shareholder eligibility for the final dividend payout and voting rights at the meeting.

The Board of Directors has recommended a final dividend of ₹0.01 per equity share of face value ₹1 each for the financial year ended March 31, 2026. This payout is subject to shareholder approval at the AGM. Eligible shareholders are those whose names appear in the Register of Members as of the cut-off date, Tuesday, September 8, 2026. To facilitate this, the company will close its register of members and share transfer books from September 9 to September 15, 2026, inclusive.

Special Business Agenda

The AGM notice includes two special resolutions concerning the leadership team:

1. Re-appointment of CMD: Shareholders will vote on the re-appointment of Mr. Nitin Bhandari as Chairman & Managing Director for a five-year term commencing November 22, 2026. His current term expires on November 21, 2026.
2. Remuneration Increase: The Board seeks approval to increase Mr. Bhandari’s basic monthly salary from ₹8,00,000 to ₹12,00,000, effective April 1, 2026. This represents a 50% increase in his base pay. The resolution also allows for additional perquisites and benefits as per company policy, subject to the limits prescribed under Schedule V of the Companies Act, 2013.

Additionally, the ordinary business includes the re-appointment of Mr. Vikas Nayar as a Non-Executive Director, who retires by rotation at this meeting.

E-Voting Details

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting. The voting window opens on Saturday, September 12, 2026, at 9:00 am and closes on Monday, September 14, 2026, at 5:00 pm. Members holding shares as of the record date can cast their votes electronically or via ballot paper at the physical meeting venue.