52nd AGM: All 5 resolutions passed, including alteration of the Object Clause of the MoA

At the 52nd AGM held on September 30, 2026, all 5 resolutions were passed with requisite majority.

Wed 30 Sep 2026

AGM Date

September 30, 2026

Resolutions Passed

All 5 resolutions passed with requisite majority

Auditor Appointment

M/S YG & Associates appointed as Statutory Auditors for 5 consecutive years

Item 1 Voting Support

99.0598% of votes polled in favour

Independent Director Appointed

Mr. Mazhar Hassan (DIN: 06739180) appointed as Independent Director

What happened

Bhagawati Gas Limited held its 52nd Annual General Meeting on Wednesday, September 30, 2026 at 11:30 A.M. at its registered office in Banawas, Khetri Nagar, Jhunjhunu (Rajasthan). The meeting concluded at 12:15 P.M. As per the Scrutinizer's report, all resolutions set out in Item Nos. 1 to 5 were passed with the requisite majority.

Business transacted

• Adoption of the Financial Statements for the year ended March 31, 2026 (Ordinary Resolution)
• Re-appointment of Mr. Rakesh Samrat Bhardwaj (DIN-00029757), retiring by rotation (Ordinary Resolution)
• Appointment of M/S YG & Associates, Chartered Accountants, as Statutory Auditors for a first term of 5 (five) consecutive Years (Ordinary Resolution)
• To alter the Object Clause of the Memorandum of Association (Special Resolution)
• Appointment of Mr. Mazhar Hassan (DIN: 06739180) as an Independent Director, Non-Executive (Special Resolution)

Altering the object clause changes the formally stated range of activities the company may carry on. Such a change requires shareholder approval by special resolution.

Auditor change and audit observations

M/s Jain Paras Bilala & Co., the earlier Statutory Auditors who audited the financial statements for the year ended March 31, 2026, resigned with effect from August 14, 2026, and were therefore not present at the AGM. The company stated that the Auditor's Report on the financial statements and the Secretarial Audit Report for the year ended March 31, 2026 contained qualifications or observations; these reports were read out at the meeting and the Chairperson provided an explanation and the corrective action to be taken.

Voting pattern (Item 1)

• Total shares: 16742459
• Total votes polled: 5318019, i.e. 31.7637% of outstanding shares
• Votes in favour: 5268019 (99.0598% of votes polled)
• Votes against: 50000 (0.9402%)
• Promoter and Promoter Group voted 5217133 shares, all in favour (100.0000%)
• Public Non-Institutions polled 100886 votes, of which 50.4391% in favour and 49.5609% against

The same pattern is recorded for the re-appointment of Mr. Rakesh Samrat Bhardwaj, where the promoter group is noted as interested.

Attendance and process

• Total shareholders on record date: 23532
• Members present: 33 in total — 15 from promoter and promoter group and 18 from public
• Remote e-voting was offered through NSDL from September 27, 2026 (9.00 A.M.) to September 29, 2026 (5.00 P.M.); cut-off date was September 23, 2026. Ballot paper voting was also arranged at the meeting. Mr. Deepak Arora (FCS 5104) acted as Scrutinizer.

How to read this

The headline outcome is procedural in nature: shareholders ratified the year's ordinary business and approved two special resolutions. The two items investors may want to follow are the wording of the altered object clause, which defines what businesses the company may pursue, and the qualifications in the audit and secretarial audit reports alongside the mid-year auditor resignation.

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