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.

Bhagwati Autocast Limited reported delays in appointing a Company Secretary and a Chief Financial Officer during the financial year ended March 31, 2026, according to its Annual Secretarial Compliance Report. The company attributed the delays to the non-availability of suitable candidates. Both positions have since been filled, with the Chief Financial Officer appointed effective October 3, 2025, and the Company Secretary appointed effective April 3, 2026.

The report, issued by Practicing Company Secretary Mr. Raimeen Maradiya of M/s. Chirag Shah and Associates, reviewed the company's compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable regulations. The review confirmed that the company has proper Board processes and compliance mechanisms in place, aside from the specific deviations regarding the appointments.

Compliance Status

The company stated that it complied with the provisions of the examined regulations and circulars, except for the delays in the two key appointments. The report noted that no fines were imposed for these deviations. The management confirmed that the vacancies could not be filled within the prescribed three-month period due to the non-availability of suitable candidates.

Key Findings

The following table summarizes the deviations and remedial actions taken by the company:

Other Compliance Areas

The report confirmed that the company complied with various other requirements during the review period. These included adherence to Secretarial Standards issued by the Institute of Company Secretaries of India, timely adoption and updation of policies, and maintenance of a functional website. The company also confirmed that none of its directors are disqualified under Section 164 of the Companies Act, 2013, and that it does not have any material subsidiaries.

Regarding related party transactions, the company obtained prior approval of the Audit Committee where required. The report also noted that no actions were taken against the listed entity, its promoters, directors, or subsidiaries by SEBI or Stock Exchanges during the financial year. No additional non-compliances were observed beyond those reported.