Bharat Global Developers Board Approves Postal Ballot Notice for Executive Director Regularisation

Bharat Global Developers Ltd. announced the outcome of its board meeting held on January 15, 2026, where directors approved key resolutions related to a postal ballot process. The meeting was conducted in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015.

Board Meeting Resolutions

The board meeting, which commenced at 2:00 PM and concluded at 3:00 PM, resulted in two significant approvals:

Resolution:	Details
Postal Ballot Notice:	Approved to seek shareholder approval for regularisation of Mr. Ketan Chavda (DIN: 11388522) as Executive Director
Scrutinizer Appointment:	Appointed Mr. Himanshu Togadiya, Proprietor of M/s H Togadiya and Associates
Scrutinizer Credentials:	COP No.: 18233 FCS: 11822, Practicing Company Secretary

Executive Director Regularisation

The primary purpose of the postal ballot is to regularise Mr. Ketan Chavda's position as Executive Director of the company. Mr. Chavda holds Director Identification Number (DIN) 11388522 and requires shareholder approval for his regularisation in this executive role.

Scrutinizer Appointment

The board appointed Mr. Himanshu Togadiya as the scrutinizer for the postal ballot voting process. Mr. Togadiya operates as Proprietor of M/s H Togadiya and Associates and holds the credentials of a Practicing Company Secretary with COP No.: 18233 and FCS: 11822. His role will be to ensure the postal ballot voting process is conducted in a fair and transparent manner.

Board Meeting Postponements and Timeline

The company's disclosure reveals a series of scheduling challenges that contributed to the delay. The board meeting was originally scheduled for September 14, 2025, to consider and approve the unaudited financial results. However, this meeting was subsequently postponed and rescheduled to November 20, 2025, at the company's registered office.

Event Details:	Information
Original Board Meeting Date:	September 14, 2025
Rescheduled Meeting Date:	November 20, 2025
Results Period:	Quarter and half-year ended September 30, 2025
BSE Script Code:	521238
Disclosure Date:	December 11, 2025

Reasons for Delay

According to the company's communication to BSE, the primary factors contributing to the delay included:

Pending finalization of key financial data required for result preparation
Outstanding adjustments necessary for completing unaudited financial statements
Inability to close financial statements within the stipulated regulatory timeline

The company acknowledged that these pending items resulted in their failure to meet the SEBI (LODR) Regulations, 2018 requirements for timely submission of quarterly results.

Company's Response and Commitments

Bharat Global Developers has indicated that it has taken necessary steps to address the challenges that led to the delay. The company expressed its commitment to ensuring such delays do not occur in future reporting periods. In its disclosure, the management emphasized their dedication to maintaining transparency with all stakeholders.

The company also noted that it had previously informed the exchange and stakeholders about the potential delay in advance on November 14, 2025, demonstrating proactive communication regarding the submission challenges.

Regulatory Compliance Request

In its communication signed by Managing Director Keyurkumar Pravinbhai Patel (DIN: 10822762), the company respectfully requested that no adverse action be taken against it for the delayed submission. The disclosure was made under Regulation 29 of the SEBI (LODR) Regulations, 2015, which governs board meeting notifications and result submissions.

The company, formerly known as Kkrrafton Developers Ltd., operates under CIN L70100GJ1992PLC017815 and maintains its registered office in Ahmedabad, Gujarat. This delay represents a compliance challenge that the company aims to resolve while maintaining its commitment to regulatory transparency.