BC Power Controls schedules 18th AGM on September 30, 2026
- BC Power Controls has scheduled its 18th AGM for September 30, 2026, via VC/OAVM, with remote e-voting open from September 27 to September 29, 2026
- FY26 net profit stood at 73.32 lakhs against 79.04 lakhs in FY25; revenue was 9,967.46 lakhs versus 9,763.22 lakhs
- Shareholders will vote on re-appointment of Chander Shekhar Jain as Managing Director (August 14, 2026 to August 13, 2031) and Nitin Aggarwal as Whole Time Director (February 14, 2027 to February 13, 2032)
- Proposed salary for both managerial appointees is up to ₹10,00,000 per annum, requiring special resolution approval given inadequate profits
- Material related party transactions with Proxima Industries Private Limited are capped at ₹200 crore for the period between the 18th and 19th AGMs
*this image is generated using AI for illustrative purposes only.
BC Power Controls has convened its 18th Annual General Meeting for September 30, 2026, at 2:00 pm through Video Conferencing and Other Audio-Visual Means, with the registered office in Karol Bagh, New Delhi deemed as the venue.
The Register of Members and Share Transfer Books will remain closed from September 25, 2026 to September 30, 2026 (both days inclusive). Remote e-voting via NSDL opens on September 27, 2026 at 9:00 am and closes on September 29, 2026 at 5:00 pm. The cut-off date for determining voting eligibility is September 24, 2026.
AGM agenda at a glance
The meeting will transact the following ordinary and special business items:
- Adoption of audited standalone financial statements for the financial year ended March 31, 2026
- Re-appointment of Mr. Chander Shekhar Jain (DIN: 08639491) as Director, retiring by rotation
- Re-appointment of Mr. Chander Shekhar Jain as Managing Director for five years effective August 14, 2026 to August 13, 2031
- Re-appointment of Mr. Nitin Aggarwal (DIN: 06713847) as Whole Time Director for five years effective February 14, 2027 to February 13, 2032
- Approval of material related party transactions with Proxima Industries Private Limited up to ₹200 crore
Financial performance for FY26 and FY25
The following financial performance data has been disclosed as part of the explanatory statement for managerial remuneration proposals:
| Particulars | FY26 (amt. in lakhs) | FY25 (amt. in lakhs) |
|---|---|---|
| Revenue | 9,967.46 | 9,763.22 |
| Expenditure | 9,896.38 | 9,657.53 |
| Profit before tax | 98.08 | 105.68 |
| Less: Tax | 24.76 | 26.64 |
| Net profit | 73.32 | 79.04 |
Managerial re-appointments and remuneration
The Board, on recommendation of the Nomination and Remuneration Committee, has proposed re-appointment of Mr. Chander Shekhar Jain as Managing Director. His proposed salary is up to ₹10,00,000 per annum; he is drawing ₹4,80,000 per annum. Mr. Nitin Aggarwal's proposed salary as Whole Time Director is also up to ₹10,00,000 per annum; he is drawing ₹7,80,000 per annum. Both remuneration proposals require shareholder approval via special resolution under Schedule V of the Companies Act, 2013, given the company's disclosure of inadequate profits.
Related party transaction approval
Shareholder approval is sought as an ordinary resolution to ratify and approve transactions with Proxima Industries Private Limited, a related party in which both Mr. Chander Shekhar Jain and Mr. Nitin Aggarwal are directors and shareholders. The aggregate transaction value shall not exceed ₹200 crore from the conclusion of the 18th AGM to the conclusion of the 19th AGM in 2027. Transactions cover sale, purchase, supply of goods or materials, job work, and short-term working capital requirements.
| Parameter | Details |
|---|---|
| Related party | Proxima Industries Private Limited |
| Transaction cap | ₹200 crore |
| Period | 18th AGM conclusion to 19th AGM conclusion (2027) |
| Nature of transactions | Sale, purchase, job work, short-term working capital |
| Resolution type | Ordinary resolution |
E-voting and participation details
Members may participate through the NSDL e-voting platform. Up to 1,000 members can join on a first-come-first-served basis, excluding large shareholders holding 2% or more, promoters, institutional investors, directors, and key managerial personnel. Members who have already cast their vote via remote e-voting may attend the AGM through VC/OAVM but will not be entitled to vote again. The scrutinizer for the voting process is Mr. Sanjeev Dabas, Practicing Company Secretary. Results will be declared to stock exchanges after the conclusion of the AGM and placed on the company's website.
Historical Stock Returns for BC Power Controls
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.02% | -8.24% | -6.18% | -1.76% | -15.66% | 0.0% |
How might the approval of ₹200 crore in related party transactions with Proxima Industries impact BC Power Controls' operational independence and future profit margins?
Given the declining net profit from FY25 to FY26, what strategic initiatives are management planning to reverse the trend and improve profitability in FY27?
What is the rationale behind the proposed salary increases for Mr. Chander Shekhar Jain and Mr. Nitin Aggarwal despite the company reporting inadequate profits?
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