Bizotic Commercial Limited has submitted the voting results for its 4th Extra Ordinary General Meeting (EGM) held on March 14, 2026, to BSE Limited under Regulation 44 of SEBI Listing Regulations. The meeting, conducted through video conferencing, achieved unanimous shareholder approval for the statutory auditor appointment with 100% votes in favor.

Meeting Overview and Leadership

The EGM was successfully conducted on Saturday, March 14, 2026, from 11:30 AM to 11:35 AM IST, demonstrating efficient corporate governance. Managing Director Sanjaykumar Mahavirprasad Gupta chaired the meeting with comprehensive participation from the board and key personnel.

Voting Results and Shareholder Participation

The voting results revealed strong shareholder support with 17 members casting 56,65,100 votes unanimously in favor of the resolution. The e-voting process was conducted through National Securities Depository Limited (NSDL) platform with comprehensive participation across shareholder categories.

Statutory Auditor Appointment Resolution

The primary agenda focused on the appointment of M/s. Shweta Jain & Co LLP, Chartered Accountants (FRN: 127673W) as statutory auditors for Financial Year 2025-2026. The ordinary resolution received unanimous approval with no votes against and no invalid votes recorded.

E-Voting Process and Scrutinizer Report

CS Jinang Dineshkumar Shah from M/s. Jinang Shah & Associates served as scrutinizer, overseeing the comprehensive e-voting process. The remote e-voting remained open from March 11, 2026 (9:00 AM) to March 13, 2026 (5:00 PM), with the record date set as March 6, 2026.

Regulatory Compliance and Documentation

The company has submitted the voting results and scrutinizer's report to BSE Limited under scrip code 543926, ensuring full compliance with SEBI Listing Regulations. The results have also been uploaded on the company website at bizoticgroup.com and will be available on NSDL platforms as required by regulatory guidelines.

Bizotic commercial announced the successful receipt of the second tranche consideration for its convertible warrants allotment. The Board of Directors approved this significant financial transaction during their meeting held on 2nd March, 2026, at the company's registered office in Ahmedabad.

Board Meeting Details

The Board meeting commenced at 06:00 P.M. and concluded at 06:30 P.M. on 2nd March, 2026. This meeting followed previous Board discussions held on 21st February, 2026 and 23rd February, 2026, indicating ongoing deliberations regarding the warrant allotment process.

Warrant Allotment Specifics

The convertible warrants were issued under a preferential allotment to promoter and promoter group entities, complying with Chapter V of the SEBI (ICDR) Regulations, 2018. The warrants carry specific pricing and structural details that reflect the company's current valuation framework.

Financial Transaction Details

The company received the second tranche payment from Bizotic Industries Private Limited, a promoter group entity. This transaction represents a significant capital infusion for the company's ongoing operations and strategic initiatives.

Regulatory Compliance

The warrant allotment and consideration receipt were conducted in accordance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations by informing BSE Limited about this material development through proper regulatory channels.

The transaction demonstrates the company's ability to execute structured financial instruments while maintaining compliance with securities market regulations. The preferential allotment to promoter group entities indicates continued confidence and support from the company's core stakeholders.