Bright Brothers Limited shareholders approved the reappointment of Kuchimanchi Viswanath as Independent Director for a five-year term commencing May 27, 2027. The resolution was passed at the company’s 79th Annual General Meeting held on September 18, 2026, in Mumbai.

The meeting also marked the formal adoption of financial results for FY26 and addressed other governance matters. Suresh Bhojwani, Chairman and Managing Director, presided over the session after confirming the requisite quorum.

Key Resolutions Passed

Shareholders approved several key resolutions during the session. The primary agenda items included the adoption of both standalone and consolidated audited financial statements for FY26, along with the associated Board and Auditor reports. Notably, the Auditor’s Report contained no observations or comments, exempting it from being read out pursuant to Section 145 of the Companies Act, 2013.

The members also declared a dividend on equity shares for the financial year 2025-26. While the specific dividend amount was not detailed in the summary of proceedings, the declaration confirms the company’s commitment to returning value to shareholders following the audit cycle.

Board Appointments and Ratifications

The AGM addressed governance matters through the reappointment of key board members. Mrs. Devika Bhojwani, Whole-time Director, was reappointed after retiring by rotation.

Mr. Kuchimanchi Viswanath (DIN: 00547132) was reappointed as an Independent Director for a second term of five years, effective from May 27, 2027, ending May 26, 2032. This ensures continuity in independent oversight. The company confirmed that Mr. Viswanath has not been debarred from holding office by SEBI or any other authority. He holds a Bachelor of Commerce degree and is a Fellow Member of the Institute of Chartered Accountants of India since 1983.

Mr. Karan Bhojwani was reappointed as Whole-time Director with effect from April 1, 2027, for a term ending March 31, 2032. His remuneration package was ratified by the members. The meeting further approved the ratification for payment of remuneration to Cost Auditors for the upcoming financial year 2026-27.

Voting Process

Abhishek Prakash, a Practicing Company Secretary, served as the Scrutinizer to ensure fair and transparent voting. Sonali Pednekar, Company Secretary and Compliance Officer, informed members about the e-voting facilities provided by the company. The Chairman authorized the Company Secretary to declare the voting results within two working days of the meeting’s conclusion.

Bright Brothers has scheduled its 79th Annual General Meeting for September 18, 2026, at the Walchand Hirachand Hall in Mumbai.

The company issued the notice on August 25, 2026, pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Notice of AGM and the Annual Report for the financial year 2025-26 are available on the company website.

Meeting Agenda

Shareholders will transact ordinary business including the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. The Board will also propose a dividend declaration on equity shares for FY26.

Mrs. Devika Bhojwani, Whole-time Director, is liable to retire by rotation and offers herself for re-appointment.

Special Business Resolutions

The meeting will consider two special resolutions:

• Ratification of remuneration for Cost Auditors M/s. Joshi Apte & Associates for FY27. The approved fee is ₹2,50,000 plus applicable tax and out-of-pocket expenses.
• Re-appointment of Mr. Kuchimanchi Viswanath as an Independent Director for a term commencing from the conclusion of the meeting.

Voting Details

September 11, 2026 is the cut-off date for determining eligible members for voting and dividend payment. E-voting will be open from September 15, 2026, at 9:00 am until September 17, 2026, at 5:00 pm.