Balurghat Technologies Ltd Announces Re-appointment of Key Directors and Schedules 32nd AGM
Balurghat Technologies Limited has announced the outcome of its Board of Directors meeting held on July 17, 2026, where several key corporate actions were approved, including the re-appointment of senior leadership and the scheduling of the company's 32nd Annual General Meeting (AGM).Leadership Re-appointments
The Board has recommended the re-appointment of two key figures in the company's leadership team for five-year terms. Both appointments are subject to approval by the members via a Special Resolution.Mr. Arun Kumar Sethia, who serves as a Whole-time Director, has been recommended for re-appointment for a five-year period from October 28, 2026, to October 27, 2031. Mr. Sethia is a Commerce Graduate with over 30 years of experience in the transport sector.
The Board also approved the re-appointment of Mr. Pawan Kumar Sethia as Managing Director for a five-year term from February 21, 2027, to February 20, 2032. Mr. Sethia, a Commerce Graduate with over 35 years of experience in strategic planning and operations, will continue in his role even as he attains the age of seventy during this tenure, subject to the required Special Resolution under the Companies Act, 2013.
Annual General Meeting Details
The company has scheduled its 32nd AGM to take place on Tuesday, August 11, 2026, at 1:00 P.M. (IST). The meeting will be conducted via Video Conferencing and other Audio-Visual Means.| Event | Date / Period | Details |
|---|---|---|
| Book Closure | August 5, 2026 to August 11, 2026 | Register of Members and Share Transfer Books |
| Voting Cut-off Date | August 4, 2026 | Eligibility for remote e-voting and AGM voting |
| Remote E-voting Period | August 7, 2026 to August 10, 2026 | Commences at 9:00 A.M. and ends at 5:00 P.M. |
Governance and Oversight
To ensure a fair and transparent remote e-voting process during the AGM, the Board has appointed Mr. Udit Agarwal, Advocate, as the Scrutinizer. The company will utilize Central Depository Services (India) Limited (CDSL) to provide the necessary e-voting and Video Conferencing facilities for shareholders.Director Profiles and Shareholding
| Particulars | Mr. Arun Kumar Sethia | Mr. Pawan Kumar Sethia |
|---|---|---|
| DIN | 00001027 | 00482462 |
| Position | Whole-time Director | Managing Director |
| Experience | 30+ years in transport sector | 35+ years in transport and strategy |
| Shareholding | 1,798 equity shares (0.01%) | 27,311 equity shares (0.15%) |
| Relationships | Brother of Pawan Kumar Sethia | Brother of Arun Kumar Sethia; Father of Ravikant Sethia |
Stock Price Movement
Balurghat Technologies Ltd settled down at ₹11.75 on Thursday after sliding 2.81% at the close of trade. The shares swung between an intraday low of ₹11.40 and a high of ₹12.50 before finding their final footing.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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