Bhagwati Autocast Limited has accepted the resignation of Mr. Prem Shankar Choudhary from the position of Whole Time Company Secretary and Compliance Officer. The resignation is effective from the close of business hours on May 30, 2026, due to personal reasons. The Board of Directors has recorded the resignation and will complete the necessary formalities in due course.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Choudhary confirmed that there are no other material reasons for the resignation beyond those stated in his letter. The company has attached the resignation letter as an annexure to the regulatory filing.

Mr. Choudhary also served as the Nodal Officer for the company. In his resignation letter, he requested the Board to ensure timely filing of all requisite forms and disclosures with the Registrar of Companies (ROC) under the Companies Act, 2013. He also sought compliance with intimation requirements to SEBI and the Investor Education and Protection Fund (IEPF) authority.

The resignation details were disclosed in accordance with Para A, Part A of Schedule III of the SEBI LODR regulations and a relevant SEBI circular dated July 13, 2023. The company's Managing Director, Reena P. Bhagwati, signed the intimation sent to the stock exchange.

Key Details of Resignation

Bhagwati Autocast Limited reported a net profit of ₹1300.98 lakh for the financial year ended March 31, 2026, marking a 111% increase from ₹615.82 lakh in the previous year. Revenue from operations for the year rose to ₹17124.63 lakh from ₹13994.44 lakh in FY25. The board has recommended a final dividend of ₹3.50 per share, subject to shareholder approval at the ensuing Annual General Meeting.

The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. M/s. Mahendra N. Shah & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the results. However, the auditors drew attention to note no. 4 regarding pending confirmation and reconciliation of trade receivables, creditors, and advances.

Financial Performance

The company’s profit before tax for FY26 stood at ₹1893.41 lakh, compared to ₹862.22 lakh in the previous year. Total income for the year increased to ₹17134.44 lakh. For the quarter ended March 31, 2026, the company recorded a net profit of ₹311.89 lakh on revenue of ₹4494.08 lakh.

Auditor and Board Appointments

The board approved the appointment of M/s. TRS & Associates, Chartered Accountants, as Statutory Auditors for the term F.Y. 2026-27 to 2030-31, subject to shareholder approval. Additionally, the board re-appointed M/s Mehta Sheth & Associates as Internal Auditor and M/s. Kiran J. Mehta & Co. as Cost Auditor for the financial year 2026-27.

The trading window for dealing in the company's securities remains closed until 48 hours after the declaration of the audited financial results.