Bhagwati Autocast has temporarily suspended manufacturing operations at its plant located in Rajoda, Gujarat, following heavy rainfall and flooding in the region over the last two days. The disruption affects the facility at Survey No. 816, Village: Rajoda, Near Bavla, District Ahmedabad – 382220, impacting immediate production output. Management confirmed that water levels are receding and restoration activities have commenced, with normal manufacturing expected to resume in a few days. The company is currently assessing any damage to plant machinery, inventory, and other assets, noting that all assets are adequately insured.

The disclosure was made on July 25, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015. Reena P. Bhagwati, Managing Director of Bhagwati Autocast Limited, informed the BSE Limited that the company is closely monitoring the situation and taking necessary measures to restore operations at the earliest. The firm committed to keeping stock exchanges informed of any material developments, including the specific date of operational resumption.

Operational Impact and Assessment

The temporary shutdown directly impacts the company’s production capabilities at its Ahmedabad district facility. While the exact duration of the suspension remains undefined beyond "a few days," the initiation of restoration work suggests a phased return to normalcy. The primary focus for management is now twofold: clearing floodwater and evaluating physical damage to infrastructure and inventory.

What This Means for Investors

The temporary halt in production introduces short-term uncertainty regarding supply chain continuity and order fulfillment timelines for Bhagwati Autocast. However, the company’s assertion that all assets are adequately insured mitigates the risk of significant financial loss from physical damage. Investors should monitor subsequent filings for confirmation of full operational restart and any quantified impact on quarterly output or revenue.

The Board is actively overseeing the restoration process to minimize downtime. As the situation develops, further updates will be provided if material developments occur, ensuring transparency with stakeholders during this period of operational disruption.

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