Binny Limited adopts FY25 financial statements with 99.99% approval
Binny Limited adopted its audited financial statements for FY25 at the Adjourned 56th AGM held via video conference on May 29, 2026. The resolution received 99.99% approval, with 1,26,01,491 votes in favor and 404 against. The meeting was overseen by Scrutiniser Sriram Parthasarathy.
*this image is generated using AI for illustrative purposes only.
Binny Limited adopted the audited financial statements for the financial year ended March 31, 2025, at its Adjourned 56th Annual General Meeting (AGM) held on May 29, 2026. The resolution received 99.99% of the total valid votes cast, with 99.99% in favor and 0.01% against. The meeting was conducted through Video Conferencing and Other Audio-Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI) circulars.
Shri. Satyanarayanan Balakrishnan, Whole-time Director, chaired the proceedings. The remote e-voting facility, provided by Central Depository Services (India) Limited (CDSL), was open from May 26, 2026, to May 28, 2026. Mr. Sriram Parthasarathy, Practising Company Secretary and Partner at SPNP & Associates, served as the Scrutiniser.
The total number of shareholders as on the record date of May 22, 2026, was 12,074. 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 |
Voting Results
The ordinary resolution to adopt the financial statements was passed. A total of 21 members voted via remote e-voting and e-voting at the AGM. The votes cast in favor totaled 1,26,01,491, while votes against totaled 404.
| Voting Details | Votes in Favor | Votes Against |
|---|---|---|
| Through E-voting at Adjourned AGM | 1 | 0 |
| Through remote e-voting | 1,26,01,490 | 404 |
| % of total valid votes cast | 99.99% | 0.01% |
The Scrutiniser reconciled the voting records with M/s. Cameo Corporate Services Limited, the Registrar and Share Transfer Agents. The meeting concluded at 03:40 PM, and the results were announced by the Chairman.
What strategic initiatives does Binny Limited plan to undertake in the upcoming fiscal year following the adoption of the FY2025 financial statements?
How will the company address the low shareholder attendance and engagement levels in future AGMs?
What are the expected capital allocation priorities for Binny Limited based on the financial performance reflected in the audited statements?
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