Bang Overseas Limited , a company listed on both BSE and NSE, has announced a significant change in its key managerial personnel. The Board of Directors, in a meeting held on October 18, 2025, approved the appointment of Mr. Omkar Govind Jadhav Sangeeta as the new Company Secretary, Key Managerial Personnel (KMP), and Compliance Officer.

Appointment Details

The appointment of Mr. Jadhav comes into effect immediately from October 18, 2025. This decision was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Information

Professional Background

Mr. Jadhav brings a strong educational background to his new role:

• Associate Member of the Institute of Company Secretaries of India
• Law Graduate
• Post Graduate in Commerce with specialization in Business Management from the University of Mumbai

Corporate Governance

In line with regulatory requirements, Bang Overseas Limited has confirmed that Mr. Jadhav is not related to any Director of the company. This disclosure ensures transparency in the appointment process and adherence to corporate governance norms.

This appointment marks a significant step for Bang Overseas Limited in strengthening its corporate secretarial and compliance functions. As the company moves forward with its new Company Secretary, stakeholders will be keen to observe any potential impacts on corporate governance and regulatory compliance practices.

Bang Overseas Limited , a prominent player in the Indian textile industry, held its first Extraordinary General Meeting (EGM) on August 25, 2025, marking a significant milestone in its corporate governance journey.

Key Highlights

• New Independent Director Appointed: Shareholders approved the appointment of Mr. Mahesh Ramesh Bhagwat (DIN: 00505761) as an Independent Director with an overwhelming majority.
• Voting Results: The special resolution received near-unanimous support, with 99.9999% votes in favor.
• Shareholder Participation: Out of 13,560,000 total shares, 6,881,087 votes were polled, representing 50.75% of outstanding shares.
• Virtual Meeting: The EGM was conducted through video conferencing, with 17 promoter group members and 59 public shareholders in attendance.

Voting Breakdown

The appointment of Mr. Mahesh Ramesh Bhagwat as an Independent Director was proposed as a special resolution, indicating the company's commitment to maintaining a strong and independent board.

Meeting Proceedings

The EGM, chaired by Mr. Brijgopal Balaram Bang, Managing Director of Bang Overseas Limited, commenced at 11:00 AM and concluded at 11:20 AM. The meeting was conducted in compliance with the guidelines set by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).

Ms. Sonam Jain, a Practicing Company Secretary, was appointed as the scrutinizer to oversee the e-voting process, ensuring transparency and fairness in the voting procedure.

Corporate Governance

The appointment of Mr. Bhagwat as an Independent Director aligns with Bang Overseas Limited's focus on enhancing its corporate governance structure. Independent directors play a crucial role in providing unbiased perspectives and protecting the interests of minority shareholders.

Looking Ahead

With this new appointment, Bang Overseas Limited demonstrates its commitment to maintaining a balanced and diverse board composition. The overwhelming support from shareholders for this resolution indicates a strong vote of confidence in the company's governance practices and future direction.

As Bang Overseas Limited continues to navigate the dynamic textile industry landscape, the addition of Mr. Bhagwat to its board is expected to bring fresh insights and contribute to the company's strategic decision-making process.