BN Agrochem Limited adjourned its first Extra-Ordinary General Meeting (EOGM) for the financial year 2026-27 due to a lack of quorum. The meeting, originally scheduled for October 22, 2026, at 12:30 pm via video conferencing, failed to meet the minimum attendance requirements.

The company stated that the adjourned meeting is now scheduled to take place on Thursday, October 29, 2026, at 12:30 pm. It will be conducted through Video Conferencing or Other Audio Visual Means, consistent with the format of the original notice.

Meeting Details and Rescheduling

The company informed the Bombay Stock Exchange that the business to be transacted remains unchanged from the original notice. Shareholders are expected to participate in the reconvened session to approve the agenda items set out for the FY27 period.

The company confirmed it would take necessary steps to inform shareholders and make all requisite disclosures in accordance with applicable laws and regulations.

BN Agrochem Limited received an order from the National Company Law Tribunal (NCLT) granting a 90-day extension to convene meetings for its proposed scheme of amalgamation. The extension applies to equity shareholders of the transferee company and secured creditors of the transferor entities.

The order, dated August 13, 2026, was uploaded on October 1, 2026. It allows the applicant companies additional time to complete internal approval processes and issue necessary authorizations for representatives to attend and vote at the scheduled meetings. The tribunal noted that the delay was neither intentional nor deliberate.

Scope of the Amalgamation

The scheme involves the merger of three transferor companies with BN Agrochem Limited, formerly known as BN Holdings Limited. The entities involved are:

• A1 Agri Global Limited (Transferor Company 1)
• B.N. Agritech Limited (Transferor Company 2)
• Salasar Balaji Overseas Private Limited (Transferor Company 3)

BN Agrochem Limited serves as the transferee company. The application was filed under sections 230 to 232 of the Companies Act, 2013.

Procedural Details

The NCLT Mumbai Bench, comprising Member (Technical) Anil Raj Chellan and Member (Judicial) K. R. Saji Kumar, disposed of the company application COMP.APPL/242(MB)2026. The tribunal directed that all prior conditions regarding notice issuance, advertisement publication, appointment of chairpersons and scrutinizers, quorum, voting, and reporting requirements continue to apply mutatis mutandis.

The company stated that the dates for the meetings and copies of the notices would be submitted to the stock exchange in due course. The order is available on the company's website for public reference.