Bhagwati Autocast Limited has fixed Friday, August 7, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹3.50 per equity share. The dividend, which is subject to approval by shareholders at the upcoming annual general meeting, represents a 35% payout on shares with a face value of ₹10 each. The company reported a 111% year-on-year increase in net profit to ₹1300.98 lakh for the financial year ended March 31, 2026, driven by higher revenue from operations.

The 44th Annual General Meeting is scheduled for Friday, August 14, 2026, at 11:00 a.m. IST via Video Conferencing. The book closure period for determining dividend entitlement is set from Saturday, August 8, 2026, to Friday, August 14, 2026. If approved, the dividend will be paid within 30 days of the declaration in electronic mode, subject to tax deduction at source.

Financial Performance

For the financial year ended March 31, 2026, the company’s revenue from operations and other income rose to ₹17134.44 lakh from ₹14053.21 lakh in the previous year. Profit before tax increased to ₹1893.41 lakh from ₹862.22 lakh in FY25. Earnings before interest, depreciation, and taxation (EBIDTA) stood at ₹2323.06 lakh, compared to ₹1295.54 lakh in the prior year. The basic and diluted earnings per share (EPS) for the year were reported at ₹45.16.

Operational Highlights

The company’s first ground-mounted solar power plant, with a capacity of 4500 kWp, is operating efficiently. A second plant with the same capacity was commissioned at Balodhar Village, Patan District, in August 2024. The total revenue from both plants was ₹726.49 lakh, contributing to nearly 40% of the company’s total power consumption. The company expects growth of 20% to 25% in customer demand for the next financial year.

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