Shri Bajrang Alliance will hold its 36th AGM on September 10, 2026, to vote on cost auditor ratification, related party transactions up to Rs 550 crore, and director appointments.
Shri Bajrang Alliance Ltd: 36th AGM Details
Shri Bajrang Alliance Limited has scheduled its 36th Annual General Meeting (AGM) for September 10, 2026, at 4:00 PM IST. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
Key Dates:
- AGM Date: September 10, 2026
- Remote E-voting: September 7 to September 9, 2026
- Book Closure: September 4 to September 10, 2026
Shareholders will have the opportunity to vote remotely or during the meeting.
Special Business Agenda
The AGM agenda includes several key resolutions:
- Cost Auditor Ratification: Approving the remuneration for M/s. Sanat Joshi & Associates for the financial year 2026-27.
- Related Party Transactions (RPTs): Seeking approval for material transactions with sister concerns.
- Director Appointments: Re-appointment of Mr. Anshul Dave as Independent Director and Mr. John Cherian as Director retiring by rotation.
Material Related Party Transactions
The company proposes significant related party transactions for FY 2026-27, stating they are at arm's length.
- Shri Bajrang Power and Ispat Limited (Sister Concern): Up to Rs 500 Crore for purchasing steel, billets, and furnace oil, and selling billets, Ready to Eat Frozen Foods, and structural steel.
- Shri Bajrang Chemical Distillery LLP (Sister Concern): Up to Rs 50 Crore for material supply.
Board Updates
- Mr. Anshul Dave is proposed for a second five-year term as Independent Director from August 13, 2026, to August 12, 2031. He currently chairs key committees.
- Mr. John Cherian is proposed for re-appointment in place of a director retiring by rotation.
Reader Takeaway: AGM covers routine approvals, but shareholders should watch RPT resolutions. Board appointments aim for continuity.