Bombay Burmah Trading Corporation Limited (BBTC) has announced the termination of its agreement with MSTC Limited, effective November 18, 2025. This decision marks the end of MSTC's role as a selling agent for BBTC's immovable properties through their e-auction platform.

Key Details of the Termination

Background of the Agreement

The original agreement between BBTC and MSTC Limited was established to facilitate the sale of immovable properties and land through MSTC's e-auction website, www.mstcecommerce.com . However, the corporation found that the online bidding process did not align with its strategic objectives.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, BBTC has informed the stock exchanges about this development. The company has clarified that:

• There is no shareholding between BBTC and MSTC Limited.
• MSTC Limited is not related to the promoter/promoter group or group companies of BBTC.
• The transaction does not fall under related party transactions.

Market Implications

While the termination of this agreement represents a shift in BBTC's approach to selling its immovable properties, the company has stated that this change does not have any material impact on its operations. This suggests that BBTC may explore alternative strategies for managing its real estate assets.

Investors and market watchers may want to monitor BBTC's future announcements regarding its property management and sales strategies, as these could provide insights into the company's long-term plans.

Bombay Burmah Trading Corporation Limited (BBTC) has initiated a postal ballot process to seek shareholder approval for the appointment of Ms. Rukhshana Jina Mistry as a Non-Executive Independent Woman Director. The company's board, on the recommendation of its Nomination and Remuneration Committee, has appointed Ms. Mistry as an Additional Director in this category, effective August 26, 2025.

Proposed Appointment Details

Ms. Mistry, a Chartered Accountant with over 32 years of experience in accounting, auditing, taxation, and company law, is being considered for a five-year term from August 26, 2025, to August 25, 2030. If approved, she will serve as a Non-Executive Independent Director, not liable to retire by rotation.

Professional Background

With a B.Com degree from Bombay University and as a Fellow Member of the Institute of Chartered Accountants of India (FCA), Ms. Mistry brings extensive experience to the BBTC board. She currently serves as an Independent Director on the boards of several prominent companies, including:

• Sterling And Wilson Renewable Energy Ltd
• Allied Blenders & Distillers Ltd
• Afcons Infrastructure Ltd

Additionally, Ms. Mistry holds directorships in various foreign subsidiaries of the Sterling And Wilson group.

Board Committee Involvement

Ms. Mistry is actively involved in board-level committees across her current directorships. She serves as Chairperson and Member of various committees, including:

• Audit Committees
• Nomination and Remuneration Committees
• Stakeholder Relationship Committees
• Risk Management Committees

Voting Process

BBTC has initiated an e-voting process for shareholders to cast their votes on this appointment. Key dates for the voting process are:

Compliance and Eligibility

The company has confirmed that Ms. Mistry meets all eligibility criteria as per the Companies Act, 2013, and SEBI regulations. She has provided her consent to act as a Director and confirmed her independence from the company's management.

Board's Recommendation

The Nomination and Remuneration Committee and the Board of Directors of BBTC consider Ms. Mistry's association to be of immense benefit to the corporation. They have recommended the resolution for approval by the members as a Special Resolution.

Shareholders of Bombay Burmah Trading Corporation Limited are encouraged to participate in the e-voting process to decide on this significant board appointment.