Brahm Virat Industries Corporation Limited appointed Ranju Das as an external advisor for AI and technology strategy during its board meeting on October 8, 2026. The company also confirmed the resignation of Chief Financial Officer Bhavik Maisuria, effective December 31, 2026.

The board approved Das's appointment to guide overall business strategy, operations, and corporate development. He brings experience in artificial intelligence and cloud computing, having served as CEO of SWAN AI Studios and Optum Labs, and most recently as Chief AI and Technology Officer at lululemon athletica. The board noted that Das may be considered for an executive position in the future, subject to regulatory approvals.

Strategic pivot toward AI and technology

The board authorized management to actively explore opportunities related to Artificial Intelligence, AI-enabled products, and AI implementation across all business verticals. This initiative aims to integrate advanced technology into the company's existing operations.

Additionally, the board accorded in-principle authorization to evaluate the potential acquisition of Brahm Precision Materials Private Limited, a promoter group entity. Managing Director Adi F. Madan was authorized to conduct preliminary discussions, negotiate terms, and undertake due diligence. Any final transaction remains subject to formal valuation and requisite audit committee, board, member, and regulatory approvals.

Leadership changes and subsidiary updates

The board took note of the resignation of Bhavik Maisuria as CFO, tendered on September 30, 2026, citing his decision to pursue further studies overseas. His resignation will take effect from December 31, 2026.

In related corporate actions, the board proposed the appointment of Independent Director Neha Tikam as a director on the board of Brahm Well-Being and Lifestyle Corporation Private Limited, a proposed subsidiary. The board also received a proposal for further investment by this subsidiary into hospitality, wellbeing, and lifestyle opportunities in regions including the UAE, Oman, USA, Canada, Spain, and Greece. The company reserves the right to approve such investments on a case-to-case basis.

Board meeting details

Brahm Virat Industries Corporation Limited shareholders approved the acquisition of 70.28% equity shares in Brham Well-Being & Lifestyle Corporation Private Limited with 99.99% votes in favour during the Extra-Ordinary General Meeting (EGM) held on October 1, 2026.

The transaction, classified as a material related party transaction, was passed via an Ordinary Resolution. The voting results were disclosed to BSE Limited on October 3, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results Breakdown

The scrutiny report confirmed that out of the total valid votes cast, only three votes were recorded against the resolution. The promoters and promoter group, who hold an interest in the agenda, abstained from voting. The resolution was passed with the requisite majority.

Meeting Proceedings and Attendance

The meeting was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) at 5:00 pm IST. Shri Adi F. Madan, Managing Director, served as the Chairman. A total of 20 members attended the EGM virtually. The quorum was confirmed by the Chairman before the commencement of business.

Key directors and key managerial personnel present included:

• Shri Adi F. Madan, Managing Director
• Shri Vilas Potdar, Non-Executive Independent Director and Chairman
• Smt. Supriya Anil Shete, Non-Executive Independent Director and Audit Committee Chair
• Smt. Neha Tikam, Non-Executive Independent Director
• Ms. Shreeya Mahendra Jadav, Company Secretary and Compliance Officer

Shri Vishal Dewang, Practicing Company Secretary, acted as the Scrutinizer for the voting process. The e-voting facility was provided by MUFG Intime India Private Limited. Remote e-voting commenced on September 28, 2026, and ended on September 30, 2026.

Shareholder Interaction and Post-Meeting Actions

During the meeting, two registered speaker shareholders participated in the discussion. The Chairman addressed all queries raised by the attendees. The facility for e-voting remained open for fifteen minutes after the conclusion of the formal proceedings to allow members who had not voted remotely to cast their votes.

The Consolidated Scrutinizer’s Report dated October 2, 2026, stated that all resolutions were passed with requisite majority. The voting results and the report were uploaded on the company’s website and communicated to the stock exchanges.

What the Numbers Show

The voting data reveals a stark contrast between promoter participation and public shareholder engagement. While promoters hold 10,827,270 shares, they cast zero votes, likely due to their interest in the related party transaction requiring abstention under SEBI regulations. Consequently, the outcome was entirely determined by public non-institutional investors, who voted overwhelmingly (99.99%) in favour. This suggests strong alignment between the minority shareholders and the management's strategic consolidation move, despite the low overall voter turnout of 8.74% relative to total outstanding shares.