Ballarpur Industries Limited held its 78th Annual General Meeting (AGM) on November 3, 2025, via Video Conferencing (VC) in compliance with the relevant regulations. The meeting commenced at 4:00 PM IST and concluded at 4:28 PM IST, with a quorum present. Chairman Hardik Bharat Patel presided over the meeting, which was attended by key executives and auditors, including the Chief Executive Officer and the Chief Financial Officer. The AGM served as a platform to discuss significant corporate developments, particularly the successful completion of the Corporate Insolvency Resolution Process (CIRP).

During the AGM, Chairman Patel provided insights into the company's progress, notably the implementation of the Resolution Plan approved by the Hon’ble NCLT, Mumbai Bench, on March 31, 2023. This plan has facilitated the takeover of the company by Finquest Financial Solutions Private Limited and the appointment of a new Board of Directors. Furthermore, Patel highlighted the ongoing efforts of the new management to revive operations and prepare pending financial statements, indicating a focus on transparency and accountability.

All resolutions presented at the AGM, including the adoption of audited financial statements for the fiscal year ending March 31, 2023, were passed with the requisite majority through remote e-voting and voting at the meeting. Shareholders were encouraged to submit queries prior to the AGM, which were addressed during the proceedings. The meeting concluded with a vote of thanks from the Chairman, emphasizing the company's gratitude towards its stakeholders and regulatory bodies. The voting results will be published on the company's website and relevant stock exchanges in compliance with statutory requirements.