BCL Enterprises Appoints Independent Director and Approves ₹300 Crore Inter-Corporate Loan Agreement

BCL Enterprises Limited's Board of Directors held a meeting on March 21, 2026, approving key corporate decisions that strengthen the company's leadership structure and financial position. The meeting, which commenced at 05:30 P.M. and concluded at 06:00 P.M., resulted in two major resolutions under Regulation 30 of SEBI LODR Regulations.

Independent Director Appointment

The Board approved the appointment of Ms. Sangeeta Chauhan as Additional Non-Executive Independent Director, effective March 21, 2026. The appointment was made in accordance with Sections 161, 149, and 150 of the Companies Act, 2013, and Regulation 17 of SEBI Listing Regulations, subject to shareholder approval.

Parameter: Details Name: Ms. Sangeeta Chauhan DIN: 11617283 Position: Additional Non-Executive Independent Director Appointment Date: March 21, 2026 Status: Subject to shareholder approval

Ms. Chauhan brings significant expertise to the Board as a qualified Chartered Accountant with extensive experience in accounting, auditing, taxation, and financial compliance. Her professional background includes sound knowledge of financial reporting, statutory compliances, and corporate laws, with hands-on exposure across diverse industries.

Inter-Corporate Loan Agreement

The Board approved and authorized the execution of inter-corporate loan agreements worth ₹300 crores collectively from multiple lenders. This decision followed shareholder approval obtained on March 19, 2026, and was based on recommendations from the Audit Committee.

Particulars: Details Total Loan Amount: ₹300 crores Nature: Unsecured loan with equity conversion option Execution Date: March 21, 2026 Security: Nil (unsecured) Borrower: BCL Enterprises Limited

Lender Details

The loan agreements involve six corporate lenders:

Intrum Global Private Limited

Intrum Wealth Management Private Limited

Aadrika Texturising & Fabrics Private Limited

Blackburg Asset Management Private Limited

Regenci Wealth Management & Advisory Private Limited

Samarohi Traders Private Limited

Authorization and Execution

The Board authorized Mr. Shahzaib Nawaz, Chief Financial Officer, to execute the loan agreements on behalf of the company. The agreements include an option to convert the loans into equity shares of the company, though no equity shares are being issued or allotted at this stage.

Regulatory Compliance

Both decisions were made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 and include all required disclosures under Regulation 30 read with Schedule III of SEBI Listing Regulations. The company has committed to submitting any further information to the exchanges in due course.

BCL Enterprises Limited has announced the comprehensive voting results for its 2nd Extraordinary General Meeting (EGM) for FY 2025-26, held on March 19, 2026, through video conferencing. The meeting, chaired by Managing Director Mr. Mahendra Kumar Sharda, successfully addressed three critical agenda items with overwhelming shareholder support exceeding 99.97% for all resolutions.

Voting Results and Shareholder Participation

The EGM witnessed significant shareholder participation with 88 voters casting a total of 8,947,906 votes across all resolutions. The voting process combined remote e-voting conducted from March 16-18, 2026, and venue e-voting during the meeting, facilitated through NSDL's e-voting platform.

Voting Method: Voters Total Votes Remote E-voting: 83 3,747,163 Venue E-voting: 5 5,200,743 Combined Total: 88 8,947,906

Resolution-wise Approval Details

All three agenda items received exceptional shareholder support, demonstrating strong confidence in the company's strategic decisions. The scrutinizer's report, prepared by CS Tania Anand of M/s Tania Anand & Associates, confirmed the passage of all resolutions with requisite majority.

Resolution: Type Votes in Favour Votes Against Approval Rate Ms. Sonika Aggarwal's Appointment: Special 8,945,638 2,268 99.97% M/s GHR & Co Auditor Appointment: Ordinary 8,945,638 2,268 99.97% Loan with Equity Conversion Option: Special 8,945,740 2,166 99.98%

Key Appointments and Strategic Decisions

The meeting successfully approved the appointment of Ms. Sonika Aggarwal (DIN: 11534586) as Non-Executive Independent Director, strengthening the board's governance structure. Shareholders also endorsed the appointment of M/s GHR & Co, Chartered Accountants, as the company's Statutory Auditors, ensuring continued compliance with auditing requirements.

Financial Flexibility Through Loan Facility

A significant resolution involved approval for availing loan facilities with an option to convert into equity shares, providing the company with enhanced financial flexibility. This strategic arrangement received the highest approval rate of 99.98%, indicating strong shareholder confidence in management's capital structure decisions.

Regulatory Compliance and Documentation

The voting results were compiled in accordance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has filed the comprehensive scrutinizer's report with BSE Limited and Metropolitan Stock Exchange of India Limited, with complete documentation available on the company's website at www.bclenterprisesltd.in and respective stock exchange portals.

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