PM Telelinnks shareholders passed all 8 resolutions at the company's 46th Annual General Meeting held on September 30, 2026, with requisite majority, covering director regularisations, a share capital increase, related party transactions, and a preferential equity issue.

The AGM was conducted physically at Plot No. 132 & 133, IDA Mallapur, Hyderabad, Telangana. Remote e-voting was open from September 27, 2026 at 9:00 am to September 29, 2026 at 5:00 pm, with venue voting also provided during the meeting. The cut-off date for determining eligible shareholders was September 23, 2026, on which date the total number of shareholders on record stood at 4,371.

Voting participation and results overview

A total of 26 shareholders attended the meeting in person or through proxy, comprising 1 from the promoter and promoter group and 25 from the public. No shareholders attended through video conferencing. The voting results, as certified by scrutinizer NVSS Suryanarayana Rao, Practicing Company Secretary (Membership No. 5868, Certificate of Practice No. 2886), were submitted to the exchange on October 5, 2026, the next working day following the AGM, as October 2, 2026 was a national holiday and October 3 and 4, 2026 fell on Saturday and Sunday respectively.

The following table summarises the outcome of all 8 resolutions:

Resolution-wise voting details

For Resolutions 1, 4, 5, 6, and 8, a combined total of 51,72,370 votes were cast in favour, representing 99.9996% of valid votes, against 16 votes (0.0004%) cast against. For Resolutions 2, 3, and 7, a combined total of 51,72,310 votes were cast in favour, representing 99.9985% of valid votes, against 76 votes (0.0015%) cast against. No invalid votes were recorded for any resolution except as noted in the source data.

The promoter and promoter group, holding 483,873 shares, voted entirely in favour of all resolutions through the poll (venue voting) mode, with no remote e-votes cast by this category. The public institutions category, holding 100 shares, recorded no votes polled across all resolutions. The public non-institutions category participated exclusively through remote e-voting.

Key corporate actions approved

Among the significant resolutions passed were:

• Adoption of audited financial statements for the financial year ended March 31, 2026
• Regularisation of Neerav Hans (DIN: 00025034) as Director and Chairman
• Regularisation of Hari Om Parkash (DIN: 03585967) as Whole-time Director
• Approval of material related party transactions
• Increase of authorised share capital with consequential amendment to the Memorandum of Association
• Regularisation of Kritika Gupta (DIN: 10192745) as Non-Executive Independent Director
• Regularisation of Kawal Singh (DIN: 09223449) as Non-Executive Independent Director
• Approval of proposed issue of equity shares on a preferential basis

The scrutinizer's report was submitted on October 3, 2026, and the Board of Directors had approved the AGM notice at meetings held on August 14, 2026 and September 5, 2026. The remote e-voting facility was provided through Central Depository Services Limited (CDSL).

P.M. Telelinnks Ltd witnessed a significant change in ownership and management on July 29, 2026, as BSL Infrastructure Ltd completed the acquisition of 48,38,733 (Forty-Eight Lakhs Thirty-Eight Thousand Seven Hundred and Thirty-Three) equity shares, representing 48.03% of the company's paid-up equity share capital. The transaction was executed pursuant to a Share Purchase Agreement (SPA) dated September 5, 2025, between the outgoing promoter group members and BSL Infrastructure Ltd. Each equity share carries a face value of INR 10/- and was acquired at a price of INR 6.20/- per share. The Board of Directors, at its meeting held on July 29, 2026, took on record the completion of the transaction and all consequential changes.

Transaction Details

The SPA was executed between the outgoing promoter group — comprising Mr. Gulab Chand Pukhraj Surana, Mr. Dipin Surana, Mr. Ravi Surana Pukhraj, Ms. Meena Surana, Ms. Priyanka Surana, Ms. Pranali Surana, Ms. Jaishika Surana, M/s. Kaveri (India) Limited, and M/s. Surana Securities Limited — and BSL Infrastructure Ltd as the incoming acquirer. The acquisition was completed in accordance with Regulation 22(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following the completion of the transaction, BSL Infrastructure Ltd has acquired control of P.M. Telelinnks Ltd and has become its promoter in accordance with applicable laws.

Board Reconstitution — New Appointments

Following the change in control, the Board approved the appointment of four Additional Directors with effect from July 29, 2026, subject to shareholder approval, each for a term of five years. The newly appointed directors bring diverse expertise across construction, engineering, scaffolding, corporate law, and governance.

• Neerav Hans is an industrialist with over 28 years of experience in construction, engineering, and manufacturing, holding qualifications in Management and Mechanical Engineering from MIT. He manages a global workforce of over 2,000 people and has received multiple export promotion awards.
• Hari om Parkash brings over 26 years of experience in the scaffolding and formwork industry, with senior management positions held in India, Dubai, and Ukraine. He is a Director of BSL Scaffolding Limited.
• Kawal Singh is a Practising Company Secretary, Advocate, Qualified Independent Director, and Registered GST Practitioner with over 10 years of post-qualification experience. He serves as Director of Meditrone Healthier Private Limited and as an Independent Director of Bazel International Limited.
• Kritika Gupta is a Practising Company Secretary and Qualified Independent Director (IICA) with over eight years of experience in corporate laws, corporate governance, secretarial audit, and regulatory compliance.

Board Reconstitution — Resignations

Consequent to the completion of the transaction and the cessation of control by the outgoing promoter group, four directors tendered their resignations with immediate effect from July 29, 2026.

All resigning directors confirmed that there are no material reasons for their resignations other than those stated, namely the acquisition of the company resulting in a change in management and ownership. None of the resigning directors hold directorships in any other listed entity.

Changes in Key Managerial Personnel

Alongside the board changes, the company also effected changes at the Key Managerial Personnel (KMP) level with immediate effect from July 29, 2026.

KMPs Resigned:

KMPs Appointed:

Re-classification of Outgoing Promoters

Pursuant to the consummation of the transaction on July 29, 2026, the outgoing promoters, who no longer hold any equity shares of the company, have ceased to be promoters or members of the promoter group in accordance with Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intent of the outgoing promoters to cease being promoters was disclosed as part of the open offer documents issued by BSL Infrastructure Ltd in accordance with the SEBI SAST Regulations. The company has confirmed compliance with the applicable sub-clauses of Regulation 31A(3) of the SEBI LODR Regulations. BSL Infrastructure Ltd now stands as the sole promoter of P.M. Telelinnks Ltd.