BPL Limited held its 62nd Annual General Meeting on September 25, 2026, where shareholders approved the audited financial statements for the fiscal year ended March 31, 2026.

The meeting was conducted through Video Conferencing and Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI regulations. The proceedings commenced at 4:00 pm and concluded at 5:00 pm, with a quorum of 82 members present.

Key resolutions passed

Shareholders voted on ordinary business items, including the adoption of standalone and consolidated financial statements for FY26. The board’s report and auditor’s reports were also adopted during the session.

A key governance update involved the re-appointment of Anju Chandrasekhar, who retired by rotation and offered herself for re-election. The resolution to appoint her in place of herself was passed as an ordinary resolution.

Voting and compliance details

The company provided remote e-voting facilities via NSDL from September 21 to September 24, 2026. Members who did not vote remotely could cast their votes during the meeting using an electronic voting system.

P Sivarajan, a practicing Chartered Accountant, served as the scrutinizer for the e-voting process. The results of the voting will be disseminated to stock exchanges and uploaded on the company website within two working days of the meeting's conclusion.

Board attendance

The following directors participated in the meeting:

• Ajit G Nambiar: Chairman & Managing Director
• Nowroz J Cama: Independent Director
• Chandan Juneja: Independent Director
• C K Sabareeshan: Independent Director
• Sukumar Rangachari: Non-Executive Director

Karuna Balu, Chief Financial Officer, and Divya Bhardwaj, Company Secretary & Compliance Officer, were also in attendance.

BPL Limited has rescheduled its 62nd Annual General Meeting (AGM) to Friday, September 28, 2026. The meeting will be held via Video Conferencing or Other Audio-Visual Means (VC/OAVM). This update supersedes the previously announced date of September 25, 2026.

The Board of Directors approved the FY26 financial results and the Board’s Report on August 31, 2026. The AGM will consider the adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026.

Key Agenda Items

The primary business for the meeting includes:

• Adoption of audited financial statements and reports of the Board and Auditors.
• Re-appointment of Mrs. Anju Chandrasekhar (DIN: 00228746), who retires by rotation and is eligible for re-appointment.

E-Voting and Logistics

Remote e-voting will commence on Monday, September 21, 2026, at 9:00 am and conclude on Thursday, September 24, 2026, at 5:00 pm. The cut-off date for determining shareholder eligibility remains Friday, September 18, 2026.

Shareholders holding shares in physical form are requested to ensure their PAN is linked to Aadhaar to avoid folio freezing. The facility to appoint a proxy is not available for this AGM, though body corporates may appoint authorized representatives.

Corporate Governance and Board Composition

The annual report highlights the composition of the Board of Directors as of March 31, 2026. The board comprises six directors, including three independent directors. Key committee structures include the Audit Committee, chaired by Mr. Nowroz J Cama, and the Nomination & Remuneration Committee, chaired by Dr. Chandan Juneja.

Mrs. Anju Chandrasekhar, who holds a 0.15% stake in the company, attended all seven board meetings held during FY25-26. The Nomination & Remuneration Committee recommended her re-appointment, which shareholders will vote on during the AGM.

Financial Performance Overview

The Board's Report outlines the financial performance for FY25-26. Standalone revenue from operations stood at ₹7,963.26 lakh, compared to ₹7,907.39 lakh in FY24-25. However, the company reported a standalone loss after tax of ₹828.29 lakh for FY25-26, against a profit after tax of ₹40.77 lakh in the previous year. This loss is attributed to provisions made for finance costs on an accrual basis as per IND AS.

Consolidated revenue from operations was ₹7,989.71 lakh, up from ₹7,929.56 lakh in FY24-25. The consolidated loss after tax was ₹855.01 lakh, compared to a profit of ₹9.42 lakh in the prior year.

Strategic Outlook

The management discussion highlights BPL's position in the electronics manufacturing sector. The company serves over 200 customers across seven segments, with a manufacturing capacity of close to 6 lakh square meters. The Indian PCB market is estimated to grow at a CAGR of 8.4%.

Key strategic priorities include expanding participation in high-growth industry segments, increasing the share of value-added products, and leveraging policy support through the Electronics Components Manufacturing Scheme (ECMS). The company also noted challenges from global supply chain uncertainties and input cost inflation, prompting proactive pricing reviews and supply chain diversification.