Banco Products (India) Limited has submitted its 65th annual report to the Bombay Stock Exchange and National Stock Exchange for the financial year ended March 31, 2026.

The filing was made pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s Company Secretary and Compliance Officer, Sachin Dalwadi, digitally signed the submission on August 27, 2026.

Filing Details

The annual report covers the fiscal year ending March 31, 2026. Banco Products is based in Vadodara, Gujarat. The company holds IATF 16949:2016 certification, indicating adherence to international quality management standards for automotive production parts.

Regulatory Compliance

The submission ensures compliance with mandatory disclosure norms set by the Securities and Exchange Board of India. The report has been enclosed for record-keeping by both listing exchanges.

Banco Products has scheduled its 65th Annual General Meeting for September 19, 2026. The meeting will be conducted via video conferencing to address ordinary and special business items.

The Board proposes a final dividend of ₹8 per equity share of face value ₹2 each for FY26. This represents a 400% payout ratio relative to the share's face value. Shareholders on record as of September 12, 2026 will be eligible for the dividend if approved by members.

Board Appointments and Remuneration

The agenda includes the regularization of Mr. Hiteshbhai Manubhai Patel’s appointment as an Additional Director, effective August 8, 2026. Members are asked to approve his subsequent appointment as Whole-time Director (Key Managerial Personnel) for a three-year term.

Mr. Patel, an Electrical Engineer with over 25 years of experience in maintenance and manufacturing operations, currently serves as Deputy General Manager (Maintenance). His proposed remuneration includes a basic salary, perquisites, and allowances totaling ₹23.31 lakhs per annum, plus bonus and incentives capped at ₹50 lakhs.

Additionally, the company seeks approval to pay a commission of 1.5% of net profits to Mr. Shivam M. Patel, a Non-Executive Non-Independent Director, for FY26. This payment is required because his annual remuneration exceeds 50% of the total remuneration payable to all non-executive directors, triggering specific SEBI Listing Regulations disclosures.

Auditor Ratification

The AGM will also ratify the remuneration of M/s. S S Puranik & Associates as the Cost Auditor for FY27. The approved fee is ₹55,000 plus applicable government taxes and out-of-pocket expenses.

What the Numbers Show

The proposed dividend structure indicates a significant return to shareholders relative to capital base. A 400% dividend on a ₹2 face value share results in a cash payout of ₹8 per share. This high payout ratio suggests strong retained earnings or cash reserves available for distribution, although the absolute impact depends on the total number of equity shares outstanding, which is not detailed in this notice.