BNR Udyog approves MD term extension at 32nd AGM

BNR Udyog Limited shareholders approved all three resolutions proposed at its 32nd Annual General Meeting (AGM) held on July 16, 2026, including the adoption of financial results for the year ended March 31, 2026, and the extension of the Managing Director's tenure. The meeting, conducted via video conference, saw a total of 22,33,832 votes polled, representing 74.46% of the outstanding shares.

The statutory auditor's report and the audited financial statements, comprising the Balance Sheet, Statement of Profit & Loss, and Cash Flow Statement, were approved through an ordinary resolution. Additionally, the company appointed Mr. Janampalli Vikramdev Rao (DIN: 00173556) as a director, who retires by rotation and offered himself for re-appointment.

A special resolution was passed to approve the continuation of Mr. Kamal Narayan Rathi as the Managing Director of the company beyond the age of 70 years. This resolution required a higher threshold of approval and was passed with the requisite majority.

Voting Summary

The voting process was scrutinized by M/s. Aakanksha Dubey & Co, Practicing Company Secretaries. The remote e-voting facility was provided by Kfin Technologies Limited. The record date for determining voting entitlements was July 9, 2026.

Resolution	Type	Votes For	Votes Against	% For	% Against
Financial Results	Ordinary	22,33,779	53	99.9976	0.0024
Director Re-appointment	Ordinary	22,33,779	53	99.9976	0.0024
MD Tenure Extension	Special	22,33,779	53	99.9976	0.0024

Shareholder Participation

A total of 2,550 shareholders were on the record date. While no shareholders attended in person, 46 participated via video conferencing, including 7 from the promoter group and 39 from the public. The promoter group held 21,47,696 shares, while public non-institutions held 8,52,304 shares.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.42%	+2.86%	+3.42%	-9.78%	-40.02%	+142.85%

BNR Udyog Limited reported a net loss of ₹53.47 lakh for the financial year ended March 31, 2026, narrowing from a net loss of ₹54.84 lakh in the previous year. Revenue from operations decreased to ₹133.84 lakh in FY26 from ₹155.10 lakh in FY25. Total income for the period stood at ₹167.82 lakh, while total expenses were recorded at ₹251.35 lakh. The company has scheduled its 32nd Annual General Meeting (AGM) for July 16, 2026, at 11.00 A.M. through Video Conference and Other Audio-Visual Means.

The Board of Directors approved the financial statements for FY26. The loss before tax for the year was ₹83.54 lakh, an improvement over the loss before tax of ₹99.91 lakh in the preceding year. The company reported an unrealized loss of ₹32.23 lakh on fair value changes in investments during the year. Basic and diluted earnings per share for FY26 were reported at a loss of ₹1.78 per share, compared to a loss of ₹1.83 per share in FY25.

Financial Performance

Particular	FY 2025-26 (₹ in Lakhs)	FY 2024-25 (₹ in Lakhs)
Revenue from operations	133.84	155.10
Other income	33.98	11.55
Total Income	167.82	166.65
Total Expenses	251.35	266.56
Profit/Loss before tax	(83.54)	(99.91)
Net Profit/Loss for the year	(53.47)	(54.84)

Board and Governance

The statutory audit was conducted by Laxminiwas & Co., Chartered Accountants. Mr. Janampalli Vikramdev Rao, Director, is liable to retire by rotation at the forthcoming AGM and is eligible for re-appointment. He holds 2,500 shares in the company. The remote e-voting period commences at 9.00 A.M. (IST) on July 13, 2026, and concludes at 5.00 P.M. (IST) on July 15, 2026.

Related Party Disclosures

All related party transactions during the year were entered into on an arm’s length basis. Remuneration paid to Key Managerial Personnel included ₹23.41 lakh to Managing Director Kamal Narayan Rathi and ₹20.36 lakh to Executive Director & CFO Sandeep Rathi. The median remuneration of employees increased by 7.82% to ₹2,49,846 per annum.