Binny Limited adopts FY25 financial statements at adjourned AGM
Binny Limited conducted its Adjourned 56th Annual General Meeting on May 29, 2026, adopting the financial statements for the year ended March 31, 2025. The meeting, chaired by Whole-time Director Shri. Satyanarayanan Balakrishnan, was held via video conference with 51 public shareholders participating. Remote e-voting was facilitated by CDSL from May 26 to May 28, 2026.
*this image is generated using AI for illustrative purposes only.
Binny Limited adopted the financial statements for the financial year ended March 31, 2025, during its Adjourned 56th Annual General Meeting held on May 29, 2026. The meeting was conducted through Video Conference and Other Audio-Visual Means. Shri. Satyanarayanan Balakrishnan, Whole-time Director, chaired the proceedings, which were convened in accordance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI).
The company extended the remote e-voting facility to members, which commenced at 9.00 a.m. on May 26, 2026, and concluded at 5.00 p.m. on May 28, 2026. Central Depository Services (India) Limited (CDSL) provided the infrastructure for remote e-voting, e-voting during the AGM, and participation through VC/OAVM. Mr. P. Sriram, Practising Company Secretary and Partner at SPNP & Associates, was appointed as the Scrutiniser to oversee the voting process.
The total number of shareholders as on the record date of May 22, 2026, stood at 12,074. However, attendance was limited to public shareholders, with 51 members participating via video conference. No promoter group members were present in person, through proxy, or via video conference.
Shareholder Attendance
| Category | Promoter and Promoter Group | Public |
|---|---|---|
| In Person | NA | NA |
| Through Proxy | NA | NA |
| Video Conference | NA | 51 |
| Total | NA | 51 |
Business Transacted
The meeting took up one ordinary resolution regarding the adoption of financial statements for the financial year ended March 31, 2025. Members who registered as speakers addressed the meeting, and the Whole-time Director responded to queries raised by the attendees. The e-voting process was conducted immediately after the meeting for a duration of 15 minutes.
The Chairman announced that the e-voting results and the scrutiniser's report would be communicated to the Stock Exchange and published on the websites of the company, CDSL, and the Stock Exchange. The meeting concluded at 03:40 PM.
What were the key financial highlights or challenges revealed in the FY 2024-25 statements adopted during the AGM?
How will the absence of promoter group participation impact future governance and strategic decision-making at Binny Limited?
What specific shareholder concerns were raised during the meeting, and how will management address them moving forward?
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