Pet Plastics shareholders approved a ₹40 crore convertible warrant issue and the appointment of three new directors at its 41st Annual General Meeting on September 16, 2026. The consolidated scrutinizer’s report confirms that all 11 resolutions passed with 100% voting support, reflecting unanimous backing from participating members.

The Mumbai-based company also secured approval to increase its authorized share capital from ₹50 lakh to ₹40.5 crore and shift its registered office from Mumbai to Pune. The meeting commenced at 12:00 pm and concluded at 12:45 pm at the company's registered office in Chembur. As on the cut-off date of September 9, 2026, the company had 280 members holding 5,00,000 equity shares of ₹10 each.

Voting Results Overview

The scrutinizer, M/s. JK & Associates, consolidated votes cast through remote e-voting and poll. A total of 48 members voted across both modes. While promoter group participation was high for non-conflicted items, interested parties abstained from voting on related resolutions as per SEBI Listing Regulations.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the meeting. The key outcomes include:

• Convertible Warrants: Approval to issue up to 4,00,00,000 convertible warrants at ₹10 per warrant, aggregating up to ₹40 crore, on a preferential basis to promoters and non-promoters. This resolution required exclusion of promoter votes; it was passed based on public shareholder votes alone.
• Authorized Capital Increase: Increase in authorized share capital from ₹50,00,000 (5,00,000 equity shares of ₹10 each) to ₹40,50,00,000 (4,05,00,000 equity shares of ₹10 each).
• Registered Office Shift: Transfer of the registered office from Mumbai to Office No. 503, Marisoft-1, Survey No. 15, Marigold Premises, Pune - 411014, subject to Regional Director confirmation.
• Auditor Appointment: Appointment of M/s. N K Mittal & Associates as statutory auditors for five consecutive financial years from FY27 to FY31.

Board Appointments

The members approved the appointments of three individuals to the board of directors:

• Ketan Ishwarlal Kataria: Appointed as Promoter, Non-Executive Director. He was initially appointed as an Additional Director on August 14, 2026.
• Pravin Shantaram Thigale: Appointed as Professional, Executive Director. He was initially appointed as an Additional Director on August 14, 2026.
• Rahul Chandratre: Appointed as Non-Executive, Non-Independent Director. He was initially appointed as an Additional Director on May 28, 2026.

Strategic Changes

The company also altered its Memorandum of Association to expand its main objects. The new clause enables the business of manufacturing, processing, trading, and dealing in agricultural, horticultural, plantation, and agro-based commodities, including sugar and allied products.

Additionally, the Articles of Association were amended to allow the board to issue securities via preferential offers or private placements in accordance with the Companies Act, 2013 and SEBI regulations.

Related Party Transactions

Shareholders approved material related party transactions for FY27 with entities including Mr. Abhinath Manikrao Shinde, Vyenkatesh Goldcare Private Limited, Vyenkatesh Global Ventures Private Limited, and Bharatam Finotech Private Limited. These transactions are conducted in the ordinary course of business on an arm's length basis. Votes cast by related parties were excluded from the count for this resolution.

Bharatam Ventures Limited , formerly known as Pet Plastics Limited, has disclosed the closure of its register of members and share transfer books ahead of its 41st Annual General Meeting. The books will remain closed from Thursday, September 10, 2026, to Wednesday, September 16, 2026, both days inclusive.

The company scheduled the 41st AGM for Wednesday, September 16, 2026, at 12:00 pm. The meeting will be held physically at Office No 1301, 13th Floor, Signature Business Park, Commercial Premises CHSL, Postal Colony, Chembur, Mumbai.

Corporate Governance Update

The company notified the BSE Ltd under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure pertains to the dissemination of the AGM notice and the Annual Report for FY26.

In compliance with General Circular No. 09/2024 issued by the Ministry of Corporate Affairs and a subsequent circular from the Securities and Exchange Board of India dated October 3, 2024, the Annual Report is sent electronically only to members with registered email addresses.

For shareholders whose email addresses are not registered with the Company or Depository Participants, the company has dispatched a physical letter. This letter provides web-links to access the Notice of the AGM and the Annual Report.

E-Voting Schedule

Shareholders can cast their votes electronically during the specified window. The details are as follows:

Members attending the physical AGM who have not voted earlier can vote on resolutions during the meeting. For queries related to e-voting or ballot forms, members can contact Bigshare Services Pvt Ltd, the Registrar and Transfer Agent of the company.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE704F01018/dbe407cc-240a-49be-891c-3dfa635ae5f7.pdf