BN Holdings Limited (ISIN: INE00HZ01011) has announced a significant corporate development, seeking shareholder approval to change its name to 'BN Agrochem Limited'. This proposal comes as part of an addendum to the company's Extra-Ordinary General Meeting (EGM) notice, adding a new agenda item for consideration.

Key Points of the Proposed Name Change

• Board Approval: The Board of Directors decided on this name change during their meeting held on July 23, 2025.
• Regulatory Compliance: The company has received a name approval letter from the Registrar of Companies, indicating no objection to the proposed change.
• Shareholder Approval: The company is seeking approval through a special resolution at the upcoming EGM.
• EGM Details: The Extra-Ordinary General Meeting is scheduled for August 18, 2025, at 1:00 PM through video conferencing.

Rationale and Implications

The Board of Directors believes that the new name, 'BN Agrochem Limited', aligns more closely with the company's evolving business direction and strategy. However, it's important to note that:

• There is no proposal to change the company's business objects.
• The name change will not affect the legal status, constitution, operations, or activities of the company.
• The rights and obligations of the company and its stakeholders will remain unaffected.

Regulatory Compliance

BN Holdings Limited has taken steps to ensure compliance with regulatory requirements:

• The company has adhered to SEBI Listing Regulations.
• A practicing chartered accountant has certified the company's compliance with regulatory requirements, particularly Regulation 45 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Next Steps

Shareholders will vote on this proposal at the upcoming EGM. If approved, the company will proceed with the necessary filings and updates to its Memorandum of Association and Articles of Association to reflect the new name.

This name change proposal represents a significant branding shift for BN Holdings Limited, potentially signaling a stronger focus on agro-chemical related activities in its business strategy. Shareholders and market observers will be keenly watching the outcome of the EGM and any subsequent changes in the company's operations or market positioning.

BN Holdings Limited (BSE: 526125) has announced an Extraordinary General Meeting (EGM) to be held on August 18, 2025, to seek shareholder approval for significant leadership changes and other important matters. The EGM, which will be conducted through video conferencing, comes as the company prepares for strategic shifts in its top management and board composition.

New CEO Appointment

One of the key agenda items is the proposed appointment of Mr. Chintan Ajaykumar Shah as Whole-Time Director & CEO for a five-year term. If approved, Mr. Shah will receive a monthly salary of Rs 5.00 lakh, along with a commission of up to 5.00% of net profits. This appointment signals BN Holdings' commitment to bringing in experienced leadership to guide the company's future growth.

Board Restructuring

The EGM will also consider the appointment of Mr. Sandeep Chauhan as an Independent Director. Mr. Chauhan, a former Chief Commissioner of Income Tax, brings with him over 33 years of experience in the Indian Revenue Service. His extensive background in tax administration and enforcement is expected to add valuable insights to the company's governance structure.

In a significant move, shareholders will vote on changing Mr. Anubhav Agarwal's role from Managing Director to Non-Executive Director. This transition is due to Mr. Agarwal's plans to pursue business opportunities outside India, reflecting a shift in the company's executive leadership while retaining his expertise on the board.

Related Party Transactions

Another crucial item on the agenda is the approval of related party transactions among subsidiaries. The company is seeking shareholder consent for transactions valued at Rs 100.00 crores each between its various international subsidiaries, including BN Holdings Europe Limited, BN Holdings Singapore PTE Limited, and BNPB Liberia Corporation.

Voting Process

The company has arranged for remote e-voting facilities to ensure maximum shareholder participation. The e-voting period will be open from August 15 to August 17, 2025, allowing shareholders to cast their votes electronically. The cut-off date for determining voting eligibility is August 13, 2025.

BN Holdings has emphasized transparency in its communications, providing detailed explanations for each proposed resolution in the EGM notice. This approach aligns with the company's commitment to good corporate governance and shareholder engagement.

The outcomes of this EGM are likely to have a significant impact on BN Holdings' future direction, particularly in terms of its leadership structure and inter-company financial arrangements. Shareholders and market observers will be keenly watching the results of these important votes.