Bemco Hydraulics Limited shareholders approved all 10 agenda items at its 68th annual general meeting (AGM) held on August 13, 2026. The meeting covered routine matters such as the adoption of standalone and consolidated financial statements for FY26, dividend declarations, and director reappointments, alongside special resolutions regarding management remuneration and related-party transactions.

S. R. Deshpande, Company Secretary in Practice, served as the scrutinizer for the e-voting and poll process. The voting window opened on August 9, 2026, and concluded after the physical meeting ended. A total of 54 members voted in favor of the adoption of financial statements, casting 3,49,62,447 votes, which accounted for 99.99% of valid votes cast.

Key Resolutions Approved

The shareholders passed six ordinary resolutions and four special resolutions. All items received overwhelming support, with dissenting votes limited to just 40 votes (0.01%) across most agenda items.

Ordinary Resolutions

The following ordinary resolutions were approved:

• Adoption of audited standalone financial statements for FY26
• Adoption of audited consolidated financial statements for FY26
• Declaration of dividend on equity shares for FY26
• Confirmation of dividend paid on 300,000, 11% Cumulative Redeemable Preference shares for the period April 1, 2025, to March 31, 2026
• Re-election of Vijay Kumar Mohta as a director retiring by rotation
• Re-election of Jyoti Mohan Dalmia as a director retiring by rotation

Special Resolutions

Four special resolutions required higher thresholds for approval but also passed with strong backing:

• Ratification of increase in remuneration of the Managing Director
• Approval of remuneration for Mr. Anirudh Mohta for office or place of profit in subsidiary companies
• Approval of related-party transactions with subsidiary Bemco Fluidtechnik LLP
• Lease of undertaking under Section 180(1)(a) of the Companies Act, 2013

Voting Analysis

The e-voting platform provided by Central Depository Services Limited (CDSL) recorded significant participation. For the adoption of financial statements, 1,05,88,069 votes were cast via e-voting and 2,43,74,378 votes via physical mode.

Notably, one corporate member abstained from voting on Special Resolutions 8 and 9 due to related-party status. The scrutinizer report confirmed that no invalid votes were recorded for any resolution.

What the Numbers Show

The voting pattern reveals a clear distinction between retail/institutional participation via e-voting and promoter/block holder participation via physical voting. While e-voting volumes ranged between 22.78 lakh and 1.05 crore votes depending on the resolution, physical voting remained consistently high at 2.43 crore votes for ordinary resolutions. This suggests that large block holders, who typically vote physically, drove the majority of the vote count for standard corporate governance items, while e-voting participation was more variable for complex special resolutions involving related-party transactions.

Bemco Hydraulics reported a strong start to FY27, with both standalone and consolidated revenues posting double-digit growth in the quarter ended June 30, 2026. The company’s standalone revenue from operations rose 49.5% year-on-year to ₹1,330.74 lakh, up from ₹890.34 lakh in Q1FY26. Standalone net profit for the period jumped significantly to ₹198.79 lakh, compared to ₹29.03 lakh in the corresponding quarter last year.

On a consolidated basis, revenue from operations increased 33.1% to ₹1,558.40 lakh from ₹1,170.55 lakh in Q1FY26. Consolidated net profit attributable to shareholders rose 89.6% to ₹272.40 lakh, up from ₹143.69 lakh in the previous year’s quarter.

Financial Performance

The improvement in profitability was driven by higher operational revenue and improved cost management. Standalone other income also saw a rise, increasing to ₹59.93 lakh from ₹30.83 lakh in Q1FY26. However, cost of material consumed decreased to ₹754.65 lakh from ₹839.22 lakh, aiding margin expansion. Employee benefit expenses remained relatively stable at ₹342.55 lakh, compared to ₹329.93 lakh in the prior year quarter.

Consolidated other income grew sharply to ₹137.30 lakh from ₹52.18 lakh. The group’s cost of material consumed fell to ₹876.71 lakh from ₹950.70 lakh, while employee benefit expenses saw a modest increase to ₹395.29 lakh.

What the Numbers Show

The divergence between the growth rates of standalone and consolidated revenue highlights the contribution of subsidiaries. While standalone revenue grew nearly 50%, consolidated revenue grew by roughly one-third, suggesting that the parent company’s core hydraulic press manufacturing business is accelerating faster than the group average. Additionally, the significant jump in consolidated other income (up 163%) compared to standalone other income (up 94%) indicates that non-operating gains were more pronounced at the group level, potentially driven by investments or inter-company transactions within subsidiaries like Bemco Fluidtechnic LLP and Pegasys Machines Private Limited.

Regulatory Disclosure

The Board of Directors approved the unaudited standalone and consolidated financial results during a meeting held on August 13, 2026. The approval was made pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The limited review reports for both standalone and consolidated financial results were issued by A.C. Bhuteria & Co., Chartered Accountants, who provided moderate assurance that the statements are free of material misstatement.

The company operates in a single business segment: 'Manufacturing of Hydraulic Press Machines & Equipments'. The meeting also took note of the Investor Grievance Redressal Statement for the quarter ended June 30, 2026.