Balaji Telefilms Limited has received penalty notices from both BSE and NSE for regulatory non-compliance, with the company disclosing fines totaling ₹9.00 lakh plus GST under SEBI's disclosure requirements. The penalties were communicated through official correspondence received on February 27, 2026, with the company providing detailed regulatory disclosure on March 04, 2026.

Penalty Details and Regulatory Violations

Both stock exchanges have imposed identical fines on the entertainment company for violations of corporate governance norms. The penalties stem from non-compliance with Regulation 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nature of Compliance Breach

The fines were levied specifically for delays in appointing a new independent director to replace a retiring independent director. This violation relates to the company's board composition requirements under SEBI's listing regulations, which mandate timely replacement of independent directors to maintain corporate governance standards.

According to the company's detailed regulatory filing, the breach occurred due to delay in appointing new Independent Director in place of retiring Independent Director, leading to temporary non-compliance with the prescribed board composition norms.

Remedial Action and Company Response

The company has addressed the compliance issue by appointing Mr. Pankaj Baikunthnath Chaturvedi as Additional Director (Non-Executive Independent) to the board. This appointment became effective December 30, 2025, successfully rectifying the regulatory non-compliance.

Company's Explanation for Disclosure Delay

In its detailed response to the exchanges, Balaji Telefilms acknowledged that the regulatory disclosure was inadvertently missed by the company. The company stated that it remains committed to adhering to regulatory requirements and has always prioritized compliance with applicable laws. Management has assured that measures will be implemented to ensure no such instance of delay takes place in future.

Financial Impact Assessment

According to the company's disclosure, the penalties will have minimal impact on its operations and financial activities. The company specifically stated that there is no impact on financial, operational or other activities except to the extent of penalty payable to both exchanges.

The company has made this disclosure pursuant to Regulation 30 of SEBI regulations and has confirmed that the information is available on its official website at www.balajitelefilms.com for stakeholder reference.

Balaji Telefilms Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Pankaj Baikunthnath Chaturvedi as Non-Executive Independent Director. The notice, dated February 24, 2026, follows the company's earlier communications from February 13, 2026 and February 23, 2026, and is issued under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The company seeks member approval for appointing Mr. Pankaj Baikunthnath Chaturvedi (DIN: 00142853) as Non-Executive Independent Director for a term of five consecutive years. The appointment details are structured as follows:

Mr. Chaturvedi was initially appointed as Additional Director with effect from December 30, 2025, filling the vacancy created upon completion of the second term of Mr. Arun Kumar Purwar. The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, has proposed his appointment as Independent Director.

Voting Process and Timeline

The company has established a comprehensive e-voting process for shareholder participation. The voting schedule and key dates are outlined below:

The notice is being sent electronically to members whose email addresses are registered with KFin Technologies Limited, the company's Registrar and Transfer Agent, or with Depositories/Depository Participants. Members whose names appear in the Register of Members/List of Beneficial Owners as on the cut-off date are entitled to vote.

Director Profile and Qualifications

Mr. Pankaj Baikunthnath Chaturvedi brings extensive experience to the board. His professional background includes:

Mr. Chaturvedi is recognized for his leadership acumen, emotional intelligence, and ability to foster strong stakeholder relationships. He has been instrumental in driving strategic growth initiatives across multiple regions and champions a culture of collaboration and continuous learning.

Regulatory Compliance and Governance

The appointment follows all regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations. Mr. Chaturvedi has provided necessary confirmations including:

• Consent to act as Director
• Confirmation of non-disqualification under Section 164 of Companies Act, 2013
• Declaration meeting independence criteria under Section 149(6)
• Confirmation of no debarment by SEBI or other authorities

The company has appointed Mr. Vijay Yadav (Membership No. FCS 11990), Partner of AVS & Associates, Practicing Company Secretaries, as Scrutinizer for conducting the postal ballot process. The Board meeting held on February 13, 2026 approved this appointment to ensure fair and transparent conduct of the voting process.

Remuneration and Terms

As per the resolution, Mr. Chaturvedi will be entitled to receive remuneration by way of fees for attending Board or Committee meetings, reimbursement of expenses for participating in meetings, and profit-related commission within limits stipulated under the Companies Act, 2013, as approved by the Board. The specific remuneration structure aligns with the company's Nomination and Remuneration Policy.

The postal ballot notice and related documents are available on the company's website at www.balajitelefilms.com , stock exchange websites, and KFin Technologies Limited's portal for member reference and voting participation.