Borosil543212AGM

All resolutions passed at 16th AGM; revised voting results shared after cut-off date correction

All resolutions at the 16th AGM held on September 24, 2026 were passed with requisite majority.

By ScoutQuest · Fri 25 Sep 2026, 6:07 PM IST · 2 min read

70.72%Turnout on outstanding shares

Turnout on outstanding shares: 70.7189%.

Overall turnout: 70.7189% of outstanding shares
Fund raising approval: up to 250 crores approved with 99.9998% in favour
Auditor re-appointment result: 95.0333% in favour overall (79.2246% institutional votes against)
Total votes polled: 8,45,71,030 out of 11,95,87,629 shares
Record date correction: September 17, 2026

What happened

Borosil has resubmitted the voting results of its 16th Annual General Meeting held on Thursday, September 24, 2026. The earlier submission had shown the record-date field as July 22, 2025 by mistake; it has now been updated to the cut-off date of September 17, 2026. Everything else in the results stays the same.

Participation

Total shares: 11,95,87,629
Votes polled: 8,45,71,030, i.e. 70.7189% of outstanding shares
Promoter and promoter group holding: 7,73,55,064 shares, of which 7,73,50,619 voted
Public institutions: 81,84,734 shares held, 53,01,382 voted (64.7716%)
Public non-institutions: 3,40,47,831 shares held, with participation around 5.6363%
Shareholders on record date: 74,287 folios

Resolutions passed

Adoption of standalone and consolidated audited financial statements for FY ended March 31, 2026: 99.9998% in favour
Re-appointment of Mr. Rajesh Kumar Chaudhary, retiring by rotation: 99.8753% in favour
Re-appointment of M/s. Chaturvedi & Shah LLP as Statutory Auditors: 95.0333% in favour
Material Related Party Transactions with Borosil Scientific Limited (promoter group did not vote): 99.9946% in favour
Continuation of terms of remuneration of Mr. Shreevar Kheruka, Managing Director (special): 99.7077% in favour
Raising of funds through further issue(s) of securities up to 250 crores (special): 99.9998% in favour
Amendments to Borosil Limited Employee Stock Option Scheme 2020 (special): 99.8973% in favour
Secondary acquisition of shares through trust route for the ESOP scheme (special): 99.9992% in favour
Provision of money by the Company for purchase of its own shares by the trust under the ESOP scheme (special): 99.9992% in favour

Worth noting

On the auditor re-appointment, public institutions voted 42,00,000 shares against, which is 79.2246% of institutional votes polled on that item. The resolution still carried because promoter votes were fully in favour. Institutional dissent was smaller elsewhere: 1,05,299 votes against the director re-appointment, 2,46,440 against the MD remuneration item and 86,499 against the ESOP amendment.

For investors

The key forward-looking approval is the enabling resolution allowing the company to raise up to 250 crores through a further issue of securities, along with the ESOP-related approvals. The related party transaction approval with Borosil Scientific Limited was decided only by eligible shareholders, with the promoter group abstaining.

11,95,87,629Total shares

Promoter group shares7,73,55,064

Public non-institution shares held3,40,47,831

Public institutions shares held81,84,734

Total shares 11,95,87,629: Promoter group shares 7,73,55,064, Public non-institution shares held 3,40,47,831, Public institutions shares held 81,84,734.

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