Balurghat Technologies' board has approved financial results for the quarter, reporting sales of Rs 27.92 Cr and a net loss of Rs 0.67 Cr.

Shareholder approval will be sought at an upcoming Annual General Meeting (AGM) for revised remuneration for key directors, effective October 1. Remuneration for the COO and CFO is also being revised.

The company faces significant litigations, including a Rs 57.84 Cr corporate guarantee dispute with IDBI Bank.

The AGM will also cover e-voting details and scrutinizer appointment.