Belrise Industries Limited , a prominent player in the industrial sector, held its 29th Annual General Meeting (AGM) on September 23, 2025, marking significant decisions for the company's leadership and governance.

Director Re-appointments

Shareholders at the AGM approved the re-appointment of two key directors:

1. Mr. Ashok Vishnu Tagare was re-appointed as Non-Executive Director. Mr. Tagare brings over 32 years of experience in industrial engineering, drawing, and designing. He holds a bachelor's degree in Mechanical Engineering and has expertise in various operational and technical production capabilities.

2. Mrs. Supriya Shrikant Badve was re-appointed as Whole-time Director, designated as "Executive Director," for a five-year term from March 14, 2026, to March 13, 2031. Mrs. Badve, aged 55, holds a master's degree in science and has over 16 years of experience in management and finance. She is responsible for the overall business management of the company and has received multiple industry awards.

Auditor Appointments

The shareholders also approved the appointment of new auditors:

• M/s Makarand Lele & Co., Practicing Company Secretaries were appointed as the Secretarial Auditor for a term of five consecutive years, from the financial year 2025-26 to 2029-30.

• M/s Rajput & Associates, Cost Accountants were appointed as Cost Auditors for the financial year 2025-26, with a remuneration of ₹3,00,000 plus applicable taxes and out-of-pocket expenses.

Other Key Resolutions

The AGM also saw the approval of several other resolutions, including:

• Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025.
• Declaration of dividend.
• Approval of remuneration for related parties holding positions of profit in the company.

Voting Results

Most resolutions passed with overwhelming majority. However, the resolution to enter into material Related Party Transactions with the Promoter Group Company faced significant opposition, with 52.14% of votes cast against it.

The re-appointment of Mrs. Supriya Shrikant Badve as Executive Director received strong support, with 96.15% of votes in favor.

Belrise Industries Limited continues to strengthen its governance structure with these appointments and re-appointments, positioning itself for future growth and development in the industrial sector.

Shrikant Badve, the visionary founder and managing director of Belrise Industries , has ascended to billionaire status as the company's shares soared to an unprecedented high of ₹162.70. This remarkable surge represents an impressive 81% increase from the initial public offering (IPO) price of ₹90 set in May.

Badve's Billionaire Milestone

Badve's 59.56% stake in the company, comprising 53 crore shares, is now valued at a staggering ₹8,623.10 crore. The stock's performance has been particularly strong in recent trading sessions, with a 5.6% rise on Tuesday and an 11% gain over the week.

Belrise Industries: A Success Story

Founded by Badve in 1988 with just three workers, Belrise Group has grown into a formidable player in the automotive components industry. The company now boasts:

• Over 8,000 employees
• 17+ manufacturing units
• Annual turnover exceeding ₹7,000 crore

Market Leadership

Belrise Industries has established itself as a key player in the automotive components sector:

• Specializes in components for various vehicle types
• Holds a 24% market share in India's two-wheeler metal components segment
• Ranks among the top three players in the industry

The company's rapid growth and market dominance have clearly resonated with investors, as reflected in the stock's stellar performance since its IPO.

Stock Performance

The remarkable journey of Belrise Industries from a small operation to a billion-dollar enterprise underscores the potential of India's manufacturing sector and the rewards of strategic growth in the automotive components industry.