Bharat Road Network Limited held its 19th Annual General Meeting on September 30, 2026, where shareholders adopted the audited standalone and consolidated financial statements for FY26.

The meeting, conducted via Video Conferencing, saw the adoption of all resolutions by requisite majority. However, the proceedings were marked by the disclosure of a modified opinion from the statutory auditors regarding the FY26 financial statements and a qualification in the secretarial audit report dated August 14, 2026.

Audit qualifications highlighted

Dr. Manta Dey, who chaired the meeting, informed members that the statutory auditors issued a modified opinion in their report dated May 30, 2026. This opinion pertains to both the annual standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

Additionally, the Board drew attention to a qualification provided by the Secretarial Auditor in their report dated August 14, 2026. The explanations and comments regarding these qualifications were read out to the members, with references made to the Board of Directors' Report for further details.

Voting results and attendance

The company submitted the consolidated scrutinizer's report on October 1, 2026, detailing the voting outcomes. A total of 127 members participated in the voting process, with 114 casting votes through remote e-voting and 13 voting via Insta Poll during the meeting.

For Resolution 1, concerning the adoption of audited standalone and consolidated financial statements for FY26 along with Board and Auditor reports, 26,806,021 votes were cast in favor, representing 99.9985% of the total valid votes. Only 408 votes (0.0015%) were cast against the resolution.

For Resolution 2, regarding the approval of related party transactions, 7,659 votes were in favor (94.94%) and 408 votes were against (5.06%). Notably, 26,798,362 votes were abstained or marked invalid, primarily due to exclusions under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which prohibit related parties from voting on such matters.

Meeting proceedings and compliance

The meeting was attended by 74 members, including authorized representatives, ensuring the requisite quorum was present throughout. All directors, the Chief Executive Officer, Chief Financial Officer, and representatives from the statutory and secretarial auditing firms were present.

Voting was conducted electronically through remote e-voting from September 26 to September 29, 2026, and via Insta Poll during the meeting. KFin Technologies Limited served as the authorized agency for the e-voting process, while Mr. Mohan Ram Goenka acted as the scrutinizer. The results have been submitted to stock exchanges and placed on the company's website.

Bharat Road Network Limited has accepted the resignation of Bajrang Kumar Choudhary from his role as Non-Executive Director, effective from the close of business hours on August 5, 2026. The departure was disclosed to stock exchanges on August 6, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that it received the formal resignation letter late in the evening of August 5, 2026.

The disclosure was made under Regulation 30 read with sub-para 7(C), Para A Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2026/14 dated January 30, 2026, which mandates specific details regarding changes in board composition. The Company Secretary, Ankita Rathi, signed the communication to BSE Limited and National Stock Exchange of India Limited.

Resignation Details

Bajrang Kumar Choudhary, holding DIN 00441872, tendered his resignation from the position of Non-Executive Director. In his resignation letter addressed to the Board of Directors, he requested that the Company Secretary complete all necessary formalities regarding his exit, including intimating relevant authorities. He extended best wishes to the company upon his departure.

Regulatory Compliance

The filing ensures compliance with the listing obligations set by the Securities and Exchange Board of India. The document enclosed the original resignation letter from Mr. Choudhary as specified in sub-para 7C of Para A of Part A of Schedule III of the LODR Regulations. No additional reasons for the resignation were provided in the public disclosure beyond the standard requirement for such filings.

What the Numbers Show

While this is a governance event rather than a financial result, the timely disclosure on August 6, 2026, following the effective date of August 5, 2026, demonstrates adherence to SEBI’s timeline for reporting board changes. The absence of any stated controversy or conflict in the resignation letter suggests a routine transition within the company’s leadership structure.