BMW Ventures Limited will convene its 32nd Annual General Meeting on August 24, 2026, via video conferencing to approve key governance changes, including the elevation of Sabita Devi Kishorepuria from Non-Executive Director to Executive Director. The resolution, effective May 27, 2026, also authorizes her remuneration for a five-year term. Shareholders will further vote on the appointment of M/s NKM and Associates as Secretarial Auditors for five consecutive years, covering financial years 2026-27 to 2030-31.

The Board of Directors approved these changes in its meeting on May 27, 2026, following recommendations from the Nomination and Remuneration Committee and the Audit Committee. Mrs. Kishorepuria, associated with the company since October 1994, oversees operations and Corporate Social Responsibility. Her new role carries a consolidated monthly salary of ₹5 lakh, subject to the ceiling under Section 197 of the Companies Act, 2013. The company also proposed the re-appointment of Mrs. Rachna Kishorepuria, who retires by rotation.

Governance and Compliance Updates

The appointment of M/s NKM and Associates, led by Ms. Nikita Kedia, addresses regulatory requirements under Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposed remuneration for the first year is ₹1 lakh, exclusive of taxes. Statutory auditors M/s ADV & Associates issued an unmodified opinion on the standalone financial statements for FY26, confirming compliance with Indian Accounting Standards.

Financial Context

These governance updates follow BMW Ventures’ strong financial performance in FY26, where net profit rose 14.20% to ₹3,748.31 lakh, driven by revenue growth of 10.48% to ₹2,27,823.90 lakh. The company significantly strengthened its balance sheet post-IPO, reducing total borrowings by approximately ₹17,044 lakh to ₹25,794.36 lakh. This deleveraging improved the debt-equity ratio from 2.04 times to 0.58 times, enhancing financial stability ahead of future expansion plans in steel distribution and fabrication.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE965W01036/2370d01a571f420c.pdf

BMW Ventures has completed the dispatch of the notice for its Annual General Meeting (AGM), scheduled for Monday, August 24, 2026. The meeting will be conducted exclusively through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) using facilities provided by Central Depository Services (India) Limited (CDSL). This virtual format ensures compliance with the Companies Act, 2013, and SEBI Listing Regulations while allowing shareholders to participate remotely.

The company published a public notice regarding the dispatch in Business Standard and Hindustan on August 01, 2026, in adherence to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The electronic notice was sent to members with registered email addresses on Friday, July 31, 2026. Physical copies were not dispatched; instead, letters with access details were sent to members without registered emails. The notice is available on the company’s website and the portals of BSE Limited, National Stock Exchange of India Limited, and CDSL.

Shareholders are eligible to vote based on their shareholding as of the cut-off date, Friday, August 14, 2026. Remote e-voting will commence on Thursday, August 20, 2026, at 9:00 a.m. (IST) and conclude on Sunday, August 23, 2026, at 5:00 p.m. (IST). Members who cast their votes during this remote period cannot vote again at the meeting. Those who do not vote remotely may exercise their voting rights electronically during the AGM via the VC/OAVM facility. Once a vote is cast, it cannot be altered.

Key Dates and Details

Members attending the meeting via VC/OAVM will be counted toward the quorum under Section 103 of the Companies Act, 2013. The results of the poll, along with the Scrutinizer’s Report, will be posted on the company’s website and CDSL’s portal immediately after the conclusion of the meeting and forwarded simultaneously to the stock exchanges. For queries regarding e-voting, shareholders may contact CDSL at helpdesk.evoting@cdslindia.com or refer to the FAQs on www.evotingindia.com .