Vashu Bhagnani Industries shareholders approved all nine resolutions at its 39th Annual General Meeting, including the adoption of FY26 audited financial statements with 99.99% assent on a share basis.

The meeting was conducted via Video Conference and other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars. The Chairman briefed members on the company's performance during FY26, highlighting the development of the "Pooja Luminaire" project and diversification initiatives. The Board did not recommend a dividend for the period.

Key resolutions passed

The shareholders voted on several ordinary and special businesses, including director re-appointments and auditor engagements. The scrutinizer report, submitted by CS Balkrishan Pradhan of B.K. Pradhan & Associates, confirmed the results on September 26, 2026.

Voting details and invalid votes

A total of 266 members cast votes through remote e-voting, representing 46,069,941 shares. No votes were cast during the live AGM session via e-voting.

For Resolutions 2, 5, 6, 7, 8, and 9, which involved related party transactions or director re-appointment, 41,098,633 shares were treated as invalid. This exclusion was mandated because these shares belonged to promoters who were interested parties in the respective resolutions. Consequently, the net valid vote count for these items was reduced to 4,971,308 shares.

In contrast, Resolutions 1, 3, and 4 (financial statements and auditor appointments) had no invalid votes, with all 46,069,941 shares counted as valid. Despite the significant reduction in the denominator for related party approvals, the percentage of assent remained high at 99.99% across all resolutions, indicating strong support from non-promoter minority shareholders.

Meeting participation and attendance

The company disclosed that 3,358 shareholders were on record as of September 19, 2026. No shareholders attended the meeting in person or through proxy. Participation was entirely digital, with 2 promoters and 21 public shareholders attending via video conferencing.

Related party transactions

A significant portion of the agenda involved approving material related party transactions. The company sought shareholder approval for transactions with Puja Entertainment (India) Limited, Pooja Entertainment Limited, Jjust Music Label Private Limited, M/s Pooja Leisure and Lifestyle, and JVB Emerge Private Limited.

The Chairman noted that Mr. Balkrishan Pradhan served as the scrutinizer for the electronic voting process. The results were declared by Shweta Ramesh Soni, Company Secretary, following the receipt of the scrutinizer's report.

Vashu Bhagnani Industries has submitted its application for the direct listing of equity shares on the National Stock Exchange of India Limited. The filing was made on September 21, 2026, following board approval earlier that day.

The company, formerly known as Pooja Entertainment and Films Limited, will list its shares without any public offer or further issuance. This structure allows existing shareholders to trade their holdings on the exchange directly.

Listing Process

The board approved the proposal subject to receipt of necessary approvals from the NSE. Vashu Bhagnani Industries submitted the requisite application to the exchange on September 21, 2026, for assessment and further actions. The company will provide additional information or disclosures as required under applicable laws.

The board meeting began at 3:00 pm and concluded at 3:30 pm. Shweta Ramesh Soni, the company secretary and compliance officer, signed the communication to the BSE Limited.

Corporate Details

The entity operates under CIN L68100MH1986PLC040559. Its registered office is located in Mumbai. The company previously traded under the scrip code 532011 and ID POOJAENT on the BSE.