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Balkrishna Industries Responds to IiAS Postal Ballot; CMD Undertakes Expense Limit
Balkrishna Industries Limited
January 9, 2026, 01:19 PM
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Balkrishna Industries Limited (BIL) has issued a response regarding the "IiAS VMS Voting Recommendation" concerning a postal ballot dated 19th December, 2025. The company has received an undertaking from Mr. Arvind Poddar, Chairman & Managing Director. Mr. Poddar has assured that if his spouse or any other attendants accompany him on business trips, the total reimbursement claimed from the company for their expenses will not exceed ₹2 crore per annum.
BIL expresses confidence that this undertaking further clarifies any apprehensions or doubts raised in the IiAS report. The company hopes this clarification will lead to a revision of the recommendation, urging shareholders to vote ‘FOR’ the resolution.
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