Balrampur Chini Mills Announces 50th AGM, Dividend, Director Re-appointments, and Grant Assistance
Balrampur Chini Mills will hold its 50th AGM on September 16, 2026. The company will consider audited financial statements for FY26 and a final dividend of ₹3.50 per share. Key appointments include re-appointments of Vivek Saraogi as CMD and Avantika Saraogi as Executive Director, and appointment of Vartika Shukla as Independent Director. Approval is sought for accepting up to ₹75 crore grant assistance from BIRAC for an R&D facility.
The re-appointment of key management positions, dividend approval, and securing substantial grant funding for a new R&D facility are significant events that can impact the company's strategic direction, financial health, and future growth prospects.
The announcement details the upcoming AGM, approval of financial statements, a dividend payout, re-appointment of key management personnel, and significant grant assistance for an R&D project, all of which are positive developments for the company.
Balrampur Chini Mills Limited has announced the details for its 50th Annual General Meeting (AGM), scheduled to be held on Wednesday, September 16, 2026, at 4:00 PM IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company will present the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026. A final dividend of ₹3.50 per equity share for the Financial Year ended March 31, 2026, will be considered for approval.
The AGM agenda includes the re-appointment of Mr. Praveen Gupta as a Director, the re-appointment of Mr. Vivek Saraogi as Chairman and Managing Director for a further term of five years from April 1, 2027, to March 31, 2032, and the re-appointment of Ms. Avantika Saraogi as a Whole-time Director designated as Executive Director for a term of five years from January 1, 2027, to December 31, 2031. Ms. Vartika Shukla will be proposed for appointment as an Independent Director for a term of five years from August 11, 2026, to August 10, 2031.
Furthermore, the company seeks approval to accept grant assistance from the Biotechnology Industry Research Assistance Council (BIRAC) amounting to up to ₹75 crore for a PLA Co-Polymer R&D Facility project, with an aggregate project cost of ₹109.75 crore. The Register of Members and Share Transfer Books will remain closed from Thursday, September 10, 2026, to Wednesday, September 16, 2026, inclusive, for the purpose of the 50th AGM.
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Balrampur Chini Mills Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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