Bhilwara Technical Textiles Limited has initiated a postal ballot process to seek shareholder approval for three key governance and financial matters. The proposals include the re-appointment of Chairman and Managing Director Shekhar Agarwal, the second term appointment of Independent Director Rakesh Kumar Ojha, and the creation of charges on company assets up to ₹50 crore.

The e-voting window opens on September 26, 2026, at 9:00 am and closes on October 25, 2026, at 5:00 pm. Shareholders holding equity shares as of the cut-off date, September 18, 2026, are eligible to cast their votes electronically through the National Securities Depository Limited (NSDL) platform. The results will be announced on or before October 27, 2026.

Re-appointment of Managing Director

The Board has recommended the re-appointment of Shekhar Agarwal as Managing Director for a period of three years, effective from April 1, 2027, to March 31, 2030. Agarwal, aged 73, will continue to serve as Chairman and CEO without remuneration. The proposal cites his over 45 years of experience in the textile industry and his role in shaping the company's growth since its inception. He is liable to retire by rotation but will continue in office without break.

Second Term for Independent Director

Rakesh Kumar Ojha, currently serving as an Independent Director, is proposed for a second term of five consecutive years, commencing November 10, 2026. His initial five-year term concludes on November 9, 2026. Ojha, a law graduate with over three decades of experience in corporate law and governance, will not be liable to retire by rotation. He is entitled to sitting fees as per the company’s remuneration policy.

Authorization for Asset Charges

The third resolution seeks consent to create mortgages, charges, or hypothecation on the whole or substantially the whole of the company’s present or future assets. This is intended to secure borrowings from banks, financial institutions, and other lending agencies. The aggregate value of such secured borrowings shall not exceed ₹50 crore, including interest and other associated costs. This approval is required under Section 180(1)(a) of the Companies Act, 2013.

Voting Details

The scrutinizer appointed for this postal ballot is Manisha Gupta, a practicing company secretary. Institutional shareholders must submit scanned copies of board resolutions authorizing their vote to the scrutinizer and NSDL. Members with unregistered email addresses are advised to update their KYC details with the Registrar and Share Transfer Agent or their depository participants to receive the notice electronically.

Bhilwara Technical Textiles Limited has released the voting results for its 19th Annual General Meeting, confirming that all proposed resolutions were passed with substantial shareholder backing. The meeting, held on August 27, 2026, saw a high participation rate from equity holders.

The company reported that out of 5,83,73,305 total shares on record, 4,61,54,158 valid votes were polled, representing a participation rate of 79.07%. This figure reflects strong engagement from both promoter and public shareholders during the remote e-voting and live AGM sessions.

Voting Outcomes

Shareholders approved two key ordinary resolutions. The first resolution concerned the adoption of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, along with the Board and Auditors' reports. This resolution secured 4,61,44,271 votes in favor, accounting for 99.98% of the valid votes cast. Only 9,887 votes were recorded against it.

The second resolution involved the reappointment of Riju Jhunjhunwala as a Director, replacing his term which expired by rotation. This proposal also passed comfortably, garnering 4,61,43,521 affirmative votes, or 99.98% of the total polled. A total of 10,637 votes were cast against this resolution.

Shareholder Participation Breakdown

The promoter group, holding 4,30,27,777 shares, participated fully via remote e-voting, casting 100% of their shares in favor of both resolutions. Institutional investors, holding 84,406 shares, did not cast any votes. Non-institutional public shareholders, holding 1,52,61,122 shares, showed significant engagement, polling 31,26,381 votes (approximately 20.49% of their holdings). Of these public votes, over 99.65% supported both agenda items.

Governance and Compliance

Manisha Gupta of Manisha Gupta & Associates served as the scrutinizer for the meeting. Her consolidated report confirmed that the e-voting process complied with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditor reported no qualifications or adverse remarks in the audit report, while the secretarial auditor confirmed compliance with applicable laws. Shekhar Agarwal, Chairman & Managing Director and CEO, chaired the session, which commenced at 2:00 pm and concluded at 3:01 pm. Avnish Maurya, Company Secretary and Chief Financial Officer, confirmed that the requisite quorum was present throughout the proceedings.