BN Holdings Limited (ISIN: INE00HZ01011) held its first Extraordinary General Meeting (EGM) on August 18, 2025, marking a significant milestone for the company with unanimous approval of all five proposed resolutions. The meeting, conducted through video conferencing, saw active participation from shareholders and resulted in several important changes to the company's leadership and structure.

Key Resolutions Approved

1. Leadership Changes

   • Appointment of Chintan Ajaykumar Shah as Whole Time Director & CEO
   • Appointment of Sandeep Chauhan as Independent Director
   • Change in designation of Anubhav Agarwal from Managing Director to Non-Executive Director

2. Corporate Governance and Operations

   • Approval of related party transactions by subsidiaries exceeding prescribed thresholds
   • Approval for change of company name with consequent alterations to the Memorandum and Articles of Association

Meeting Highlights

• The EGM was conducted via video conferencing from 1:00 PM to 1:40 PM IST
• 55 shareholders attended the meeting out of 9,454 shareholders on record
• All resolutions received 100% votes in favor, with no votes against

Corporate Governance in Action

The meeting demonstrated BN Holdings Limited's commitment to transparency and shareholder engagement. Mr. Anubhav Agarwal, who chaired most of the meeting, stepped aside for agenda items where he was an interested party, allowing Mr. Chintan Ajaykumar Shah to chair those portions in compliance with corporate governance norms.

Shareholder Participation

Despite the virtual format, the company ensured active shareholder participation:

• Shareholders were given the opportunity to ask questions and seek clarifications
• Registered speaker shareholders were allowed to express their views
• The e-voting system remained open for 15 minutes after the meeting to allow additional voting

Looking Ahead

The unanimous approval of these resolutions signals strong shareholder confidence in BN Holdings Limited's strategic direction. The leadership changes, including the appointment of a new CEO and an Independent Director, along with the potential name change, suggest that the company may be positioning itself for a new phase of growth and development.

The company has committed to disseminating the consolidated voting results to the Stock Exchanges and making them available on the company's website within 48 hours of the meeting's conclusion, further underlining its dedication to transparency and regulatory compliance.

As BN Holdings Limited moves forward with these approved changes, stakeholders will be keen to observe how these decisions impact the company's future performance and market position.

BN Holdings Limited, a diversified conglomerate, has announced its financial results for the first quarter of fiscal year 2026, showcasing robust performance across its operations.

Consolidated Financial Highlights

The company reported impressive consolidated results for Q1 FY2026:

BN Holdings' consolidated revenue from operations stood at Rs 20,331.37 crore for the quarter. The company's net profit after tax reached Rs 2,008.29 crore, demonstrating strong profitability.

Total comprehensive income for the period was reported at Rs 2,717.74 crore, indicating a solid overall financial performance. The basic earnings per share (EPS) for the consolidated results stood at Rs 2.05.

Standalone Performance

On a standalone basis, BN Holdings Limited recorded the following results:

The standalone revenue from operations was Rs 1,548.16 crore, with a net profit of Rs 31.55 crore. The basic EPS for standalone results was Rs 0.03.

Operational Overview

The consolidated results include the performance of BN Holdings' subsidiaries: BN Holdings Europe Ltd., BN Holdings Singapore PTE Ltd., and BNPB Industries Liberia Corporation. This diverse portfolio has contributed to the company's strong financial position.

Board Approval and Auditor's Review

The unaudited financial results for Q1 FY2026 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 07, 2025. The company's statutory auditors, JSMG & Associates, have issued limited review reports with unmodified opinions on both standalone and consolidated results.

Management Commentary

Chintan Ajaykumar Shah, Additional Director & CEO of BN Holdings Limited, stated, "Our first quarter results demonstrate the strength and resilience of our diversified business model. We have seen growth across our operations, resulting in a solid start to the fiscal year 2026."

Investor Relations

The company reported that it received zero complaints from investors during the quarter, and there were no outstanding investor complaints as of that date.

BN Holdings Limited continues to maintain transparency with its stakeholders, with the detailed financial results available on the company's website ( www.bn-holdings.com ) and the BSE Limited website ( www.bseindia.com ).

As BN Holdings Limited moves forward in FY2026, the company's strong Q1 performance sets a positive tone for the year ahead, reflecting its robust business strategy and operational efficiency across its diverse portfolio of businesses.