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Board Meeting11 Aug 2026, 06:12 pm

BN Agrochem Board Approves Co-Borrower Role for ₹15 Cr Facility

AI Summary

BN Agrochem Ltd's Board of Directors met on August 11, 2026, approving the company's role as a Co-Borrower and/or Corporate Guarantor for a ₹15 Crore Purchase Invoice Finance facility for its related party, B.N. Agritech Limited. This approval is subject to shareholder consent at the upcoming AGM. The board also approved the notice for the 35th AGM scheduled for September 23, 2026, and set September 18, 2026, as the cut-off date for voting eligibility. Additionally, M/s Mehta & Mehta was appointed as the scrutinizer for e-voting, and National Security Depository Limited was appointed as the e-voting agency. M/s JSMG & Associates was appointed as the Tax Auditor for FY 2026-27.

Key Highlights

  • Company to act as Co-Borrower/Guarantor for ₹15 Cr facility for related party.
  • Shareholder approval required for the guarantee.
  • 35th AGM scheduled for September 23, 2026.
  • Tax Auditor appointed for FY 2026-27.
  • Board meeting held from 3:30 PM to 5:15 PM IST.