Bhartiya International Ltd. to hold 39th AGM on Sept 28, 2026, via VC/OAVM
Bhartiya International Limited will hold its 39th AGM on September 28, 2026, via VC/OAVM. The meeting will adopt financial statements for FY26, approve director appointments/re-appointments, and seek enhanced borrowing limits up to ₹1,200 Crores. Remote e-voting is available from September 25-27, 2026.
The AGM involves several key decisions including financial statement adoption, director re-appointments, and a significant increase in borrowing limits, which could have a medium-term impact on the company's financial strategy and operations.
The announcement is a routine notice for an Annual General Meeting (AGM) and related corporate actions, with no immediate positive or negative financial implications presented.
Bhartiya International Limited has announced the convening of its 39th Annual General Meeting (AGM), scheduled to be held on Monday, September 28, 2026, commencing at 11:00 A.M. (IST). The meeting will be conducted entirely through Video Conferencing (VC) and Other Audio Visual Means (OAVM), adhering to SEBI regulations and government circulars regarding virtual meetings.
The AGM agenda includes several key items. Ordinary business will cover the adoption of audited standalone and consolidated financial statements for the Financial Year ended March 31, 2026, along with the reports of the Board of Directors and auditors. Additionally, the appointment of a director will be considered, with Mr. Snehdeep Aggarwal retiring by rotation and offering himself for re-appointment.
Special businesses on the agenda include resolutions to approve remuneration limits for related party appointments, specifically for Mr. Robert Burton Moore Jr., a Director, who has been appointed as a Consultant for Sales Advisory and Marketing. Approvals are also sought for the continuation of directorship for Mr. Deepak Bhojwani beyond the age of 75, and for his re-appointment as a Non-Executive Independent Director for a second term. Similarly, the re-appointment of Mr. Navkiran Singh Ghei and Mr. Vivek Kapur as Non-Executive Independent Directors for their second terms will be proposed.
Furthermore, the company seeks shareholder approval to enhance its borrowing limits from ₹700 Crores to ₹1,200 Crores under Section 180(1)(c) of the Companies Act, 2013. This will authorize the Board to borrow funds up to the enhanced limit through various financial instruments. Shareholders will also be asked to approve the Board's authority under Section 180(1)(a) to create mortgages, charges, and other encumbrances on the company's assets, not exceeding ₹1,200 Crores, to secure borrowings.
The company has also detailed the remote e-voting procedures and guidelines for shareholders, with the remote e-voting period commencing on Friday, September 25, 2026, and concluding on Sunday, September 27, 2026. The cut-off date for determining voting eligibility is Monday, September 21, 2026.
A plain-language summary of a public exchange filing by Bhartiya International Limited. Read the original for the full detail.