Banka BioLoo Limited — Others, 13-08-2025: Shareholders meeting

Banka BioLoo has announced its 13th Annual General Meeting on September 10, 2025, via video conference. Shareholders will vote on adopting the financial results for the year ended March 31, 2025, which reflect a net loss of ₹9.29 crore. This loss is attributed to an impaired subsidiary investment of ₹7.19 crore, higher manpower costs, and project delays. The agenda also includes re-appointing the CEO and two Independent Directors. Crucially, approvals are sought for related party transactions with its subsidiary, Megaliter Varunaa, and for inter-corporate loans/guarantees up to ₹50 crore each, vital for business expansion and operational fluidity.