Bansisons Tea Industries Limited , a tea company based in West Bengal, has announced a change in its board composition. Mrs. Mamy Ghosh (DIN: 06532484) has stepped down from her role as an Independent Director, effective November 19, 2025.

Resignation Details

Mrs. Ghosh cited pre-occupation as the primary reason for her departure from the board. In her resignation letter, she confirmed that there were no other material reasons for her decision beyond those stated.

Impact on Board Composition

The resignation of Mrs. Ghosh will affect the company's board structure. As an Independent Director, her role was crucial in providing unbiased oversight and guidance to the company's operations.

Company's Response

Bansisons Tea Industries Limited has acknowledged Mrs. Ghosh's resignation and has initiated the necessary procedural formalities under the Companies Act, 2013 and SEBI Regulations to give effect to the resignation.

Financial Context

While the resignation itself does not directly impact the company's financials, it's worth noting some key financial metrics of Bansisons Tea Industries Limited as of the most recent balance sheet data (March 2025):

These figures provide context to the company's financial position at the time of this board change.

Next Steps

The company may begin the process of identifying and appointing a new Independent Director to maintain the required board composition as per regulatory guidelines. Shareholders and investors will be keen to see how this change might influence the company's governance structure moving forward.

As this is a developing situation, stakeholders are advised to monitor further announcements from Bansisons Tea Industries Limited regarding potential replacements or changes to the board structure.

Bansisons Tea Industries Limited has successfully completed its postal ballot process, with shareholders unanimously approving all three proposed resolutions. The company's transformation from tea operations to pharmaceutical manufacturing has received complete shareholder backing through the e-voting process.

Postal Ballot Results Summary

The voting results demonstrate overwhelming shareholder support for the company's strategic transformation:

Key Approved Resolutions

Resolution 1: Object Clause Modification

Shareholders approved the change of Object Clause in the Memorandum of Association, enabling the company to pivot from tea operations to pharmaceutical manufacturing, research, and chemical activities.

Resolution 2: Name Change

The proposal to change the company name from "Bansisons Tea Industries Limited" to "Novyra Pharmachem Limited" received unanimous approval, reflecting the new business direction.

Resolution 3: Asset Disposal

Shareholders endorsed the disposal of company assets under Section 180(1)(a) of the Companies Act, 2013, facilitating the business transformation.

Voting Process Details

The e-voting process was conducted through NSDL's platform from November 29 to December 29. Out of 27,898 total shareholders on record date, 35 shareholders participated in the voting process, representing 805,000 votes or 12.72% of outstanding shares.

The scrutinizer Mrs. Rupal Patel, Practicing Company Secretary, certified the voting results, confirming that all resolutions were passed with the requisite majority. The company has now received formal approval to proceed with its strategic transformation into the pharmaceutical sector.