AGM Notice for the members of BVG India- 31st July 2025

Notice has been issued that the Twenty-Fourth (24th) Annual General Meeting (“AGM”) of the shareholders of BVG India Limited (“the Company”) is scheduled to be held on Thursday, July 31, 2025 at 12:30 PM IST at the Corporate Office of the Company, located at MIDAS Tower, 4th Floor, Phase I, Rajiv Gandhi Infotech Park, Hinjewadi, Pune – 411057, to transact the business as outlined in the agenda below:

Ordinary Business:​

1. Adoption of Financial Statements: Approval of standalone and consolidated audited financial statements for FY ending March 31, 2025.

2. Declaration of Preference Dividend: Approval of ₹0.0001 per compulsorily convertible cumulative preference share (₹10 face value) for FY 2024–25.

3. Declaration of Equity Dividend: Approval of ₹1.25 per equity share (₹2 face value) for FY 2024–25.

4. Re-appointment of Director: Mr. Pankaj Dhingra (Non-Executive Director) retires by rotation and seeks re-appointment.

5. Remuneration of Statutory Auditors: Authorizing the Board to fix remuneration of M/s MSKA & Associates for FY 2025–26.

Special Business:

1. Re-appointment of Mr. Chandrakant Dalvi: As Non-Executive Independent Director for a second 5-year term (Oct 2024–Oct 2029).

2. Re-appointment of Mr. Prabhakar Karandikar: As Non-Executive Independent Director for a second 5-year term (Feb 2025–Feb 2030), despite being above 75 years (requires special approval as per SEBI norms).

3. Re-appointment of Mr. Rajendra Nimbhorkar: As Non-Executive Independent Director for a second 5-year term (Feb 2025–Feb 2030).

4. Appointment of Mrs. Neha Huddar: As a new Non-Executive Independent Director for a 5-year term (Mar 2025–Mar 2030).

5. Initial Public Offering (IPO) Approval: Approval for the Company to raise up to ₹400 crore through a fresh issue of equity shares and offer for sale (OFS) by existing shareholders.

In conclusion, the 24th Annual General Meeting of BVG India Limited encompasses key matters vital to the Company's continued governance, financial performance, and strategic growth.