Brijlaxmi Leasing discloses voting results for 35th AGM resolutions
- Brijlaxmi Leasing & Finance disclosed voting results for its 35th AGM held on September 23, 2026
- Adoption of FY26 financial statements passed with 97.89% votes in favour
- Re-appointment of Director Ankur Chaturvedi approved with 97.72% support
- Material related party transactions with Asian Petro Products approved with 89.45% support
*this image is generated using AI for illustrative purposes only.
Brijlaxmi Leasing & Finance has disclosed the voting results and scrutinizer's report for its 35th Annual General Meeting held on September 23, 2026. The meeting, conducted via Video Conferencing, saw the adoption of audited financial statements for the year ended March 31, 2026.
A total of 43 members attended the virtual session, with 61 e-voters participating in the remote and live voting process. The Board was represented by Chairman and Managing Director Siddharth Chaturvedi, along with Directors Jaykishor Chaturvedi, Ankur Chaturvedi, Nupur Chaturvedi, and Independent Directors Pawankumar Sikka and Ravi Kiran Malik. Leave of absence was granted to Director Mukesh Narula.
Voting Results Breakdown
The members transacted both ordinary and special business items as outlined in the notice convening the meeting. All resolutions were passed with the requisite majority. The combined report by scrutinizer CS Devesh A. Pathak details the votes cast for each resolution.
| Resolution | Particulars | Valid Votes | Votes In Favour (%) | Votes Against (%) | Status |
|---|---|---|---|---|---|
| 1 | Adoption of FY26 financial statements | 19,86,778 | 97.89 | 2.11 | Passed |
| 2 | Re-appointment of Ankur Chaturvedi | 18,43,417 | 97.72 | 2.28 | Passed |
| 3 | Approval of material RPTs with Asian Petro Products | 3,97,928 | 89.45 | 10.55 | Passed |
For Resolution 2, regarding the re-appointment of Mr. Ankur Chaturvedi (DIN: 01762845), votes aggregating to 1,43,361 cast by the concerned director were treated invalid as he is a related party. Similarly, for Resolution 3 concerning material related party transactions with Asian Petro Products and Exporters Limited, votes aggregating to 15,88,850 from related parties were excluded from the valid vote count.
Meeting Proceedings
The meeting commenced at 12:30 pm and concluded at 12:47 pm with a vote of thanks. Devesh Pathak and Associates served as the scrutinizer for the electronic voting process, while Roy Jacob & Co. acted as secretarial auditor and Maheshwari & Co. served as statutory auditors.
The remote e-voting facility remained open from September 20, 2026, at 9:00 am to September 22, 2026, at 5:00 pm. The statutory registers were made available for inspection by members in accordance with the Companies Act, 2013. The scrutinizer's report confirms that the results were unblocked on September 24, 2026, in the presence of witnesses Ms. Ruhin Shaikh and Mr. Yusuf Fatepurwala.
Historical Stock Returns for Brijlaxmi Leasing & Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.10% | -1.32% | +7.78% | -23.40% | -7.12% | +322.54% |
How might the 10.55% dissent on material related party transactions with Asian Petro Products influence future governance scrutiny or regulatory reviews for Brijlaxmi Leasing?
What are the projected impacts of the adopted FY26 financial statements on the company's capital adequacy and lending capacity in the upcoming fiscal year?
Given the high concentration of voting power among related parties, how might this affect minority shareholder confidence and the stock's liquidity in secondary markets?
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