Barak Valley Cements Ltd

Financial results

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Report on results with unmodified opinion.
• Audit Committee reviewed results; Board to publish in newspapers in due course.

AGM planning and notices

• 27th AGM scheduled for 29 September 2026 via video conferencing.
• Notice dispatch date fixed: 7 August 2026.
• Record date fixed: 27 September 2026; register closes 23-29 September 2026.
• Remote e-voting window: 26-28 September 2026.
• Audit and AGM support: Skyline Financial Services for AV; NSDL for e-voting.

Key appointments and re-appointments

• Kamakhya Chamaria re-appointed Managing Director; subject to shareholder approval at AGM.
• Nishant Garodia re-appointed Director retiring by rotation.
• RKKV & Associates re-appointed as Cost Auditor for 2026-27.
• Deepak Virmani appointed Internal Auditor for 2026-27.
• Balwan Jain appointed Scrutinizer for AGM e-voting.

Compliance and related disclosures

• Director's Report for year ended 31 March 2026 approved.
• Related Party Transactions for Q1 and quarter ended 30 June 2026 approved.
• Regulation 32 not applicable; no fundraising in the quarter.

Auditors and notes

• Statutory auditors M/s P.K. Lakhani & Co issued unmodified Limited Review Report for standalone and consolidated results.
• Consolidated results include five subsidiaries; some interim results not reviewed by independent auditors.
• Group results include five subsidiaries: MMML, CIL, BEPL, VSCAL, MCL.

Dematerialisation status

• Within 15 days of receipt, dematerialised securities have been listed on exchanges where earlier securities are listed.
• Certificate(s) after due verification have been mutilated and cancelled, and depository substituted as registered owner within 15 days.

Target Entity and Description

• Meghalaya Minerals and Mines Limited is a mineral mining company in India
• Asset size as of March 31, 2025: Rs 15.42 crore
• Turnover for FY 2024-25: Rs 4.69 crore

Related Party Transaction

• Target is a wholly owned subsidiary of Barak Valley Cements Limited
• Promoters of both entities are the same
• Acquisition exempt from Related Party Transaction regulations

Purpose and Rationale

• Conversion of interest-free loan of Rs 4.10 crore into equity shares
• Loan was advanced with option to convert into shares during FY 2025-26

Regulatory Approvals and Timeline

• No governmental or regulatory approvals required
• Acquisition completed pursuant to Companies Act 2013

Consideration and Acquisition Details

• Consideration by conversion of loan into equity shares
• 7,06,500 equity shares acquired at Rs 58 per share including Rs 48 premium
• Post-acquisition shareholding remains 100%

Background of Target

• Incorporated to acquire and operate mining rights and mines in India
• Engaged in mining and processing of minerals and related substances
• Turnover declined from Rs 17.60 crore in 2022-23 to Rs 4.69 crore in 2024-25