Batliboi Limited has issued a postal ballot notice dated November 7, 2025, seeking shareholder approval for two critical special resolutions aimed at enhancing the company's financial flexibility and operational capabilities.

Key Resolutions for Shareholder Approval

The postal ballot encompasses two special resolutions that require shareholder consent:

Enhanced Borrowing Authority

The first resolution seeks to supersede the earlier borrowing limit of ₹150.00 crores approved by shareholders at the 71st Annual General Meeting held on July 29, 2015. The company proposes to increase this limit to ₹250.00 crores to support anticipated business growth and funding requirements. This enhanced borrowing capacity may enable the company to access funds from various sources including banks, financial institutions, mutual funds, insurance companies, and other entities through multiple instruments such as cash credit, loans, debentures, commercial papers, and external commercial borrowings.

Asset Security Framework

The second resolution addresses the creation of security mechanisms to support the enhanced borrowing capacity. Shareholders will vote on authorizing the Board of Directors to create charges, mortgages, hypothecation, or pledges on the company's moveable and immovable assets. This security framework aims to align with the proposed borrowing limits under Section 180(1)(c), potentially providing lenders with adequate collateral for extended credit facilities.

E-Voting Process and Timeline

The company has implemented an e-voting mechanism in compliance with regulatory requirements:

Regulatory Compliance and Process

In accordance with MCA Circulars and SEBI regulations, the postal ballot notice is being distributed electronically to shareholders whose email addresses are registered with the company or depositories. Physical copies of the postal ballot forms will not be sent, emphasizing the digital-first approach mandated by regulatory guidelines. Shareholders holding shares as of the cut-off date of December 12, 2025, are eligible to participate in the e-voting process.

Business Rationale

The explanatory statement accompanying the notice highlights the company's strategic vision for potential business growth and the need for additional funding sources. The current borrowing limit of ₹150.00 crores, established nearly a decade ago, may prove insufficient for the company's evolving business activities and initiatives. The proposed increase to ₹250.00 crores represents a 66.67% enhancement in borrowing capacity, potentially providing greater financial flexibility for operational expansion and strategic investments.

If passed by the requisite majority, the resolutions will be deemed effective from January 20, 2026, being the last date specified for e-voting. Results will be made available on the company's website and CDSL's e-voting platform following the scrutinizer's report submission.

Batliboi Limited , a prominent player in the Indian manufacturing sector, has announced a significant leadership change in its material overseas subsidiary, Quickmill Inc. The company has appointed Mr. Chad Watson as the new interim CEO, replacing Mr. Jeff Day.

Leadership Transition

In a disclosure made under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015, Batliboi Limited informed that Mr. Chad Watson has taken over as the interim CEO of Quickmill Inc., a material overseas subsidiary of the company. This change in leadership marks a new chapter for the subsidiary, potentially bringing fresh perspectives and strategies to its operations.

Impact on Business Operations

Batliboi Limited has assured stakeholders that this leadership transition is not expected to have any significant impact on the company's overall business. In its statement, the company emphasized that the change does not entail any financial, operational, or other business implications for Batliboi Limited.

About Batliboi Limited

Batliboi Limited, with its corporate identity number L52320MH1941PLC003494, is headquartered at Bharat House, 5th Floor, 104, Bombay Samachar Marg, Mumbai. The company has a long-standing presence in the Indian market, dating back to its incorporation in 1941.

Conclusion

While leadership changes often signal potential shifts in company direction or strategy, Batliboi Limited's statement suggests that this particular transition is part of normal business operations. Shareholders and market watchers will likely keep a close eye on Quickmill Inc.'s performance under the new interim leadership to gauge any potential long-term impacts on Batliboi Limited's overseas operations.