Bhagwati Autocast Limited has opened the remote e-voting window for its 44th Annual General Meeting (AGM), allowing shareholders to cast votes on key resolutions, including a proposed final dividend of ₹3.50 per equity share. The voting period commences on Monday, August 10, 2026, at 9:00 a.m. and concludes on Thursday, August 13, 2026, at 5:00 p.m., in compliance with SEBI Listing Regulations and the Companies Act, 2013.

The company fixed Friday, August 7, 2026, as the record date to determine shareholder eligibility for the dividend and voting rights. The AGM is scheduled to be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) on Friday, August 14, 2026, at 11:00 a.m. IST. The book closure period runs from Saturday, August 8, 2026, to Friday, August 14, 2026, during which the Register of Members and Share Transfer Book will remain closed.

Voting and Meeting Details

Shareholders holding shares as of the record date are entitled to participate in remote e-voting through National Securities Depository Limited (NSDL). The facility allows members to vote on all resolutions set out in the AGM notice, including the approval of the final dividend. Once approved by shareholders, the dividend will be paid within 30 days via direct credit to bank accounts registered with depositories or the Registrar and Transfer Agent (RTA).

The company published the notice for the 44th AGM in Business Standard (English) and Jay Hind (Gujarati) editions on July 25, 2026, fulfilling disclosure requirements under Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Members who have not registered their email IDs were sent physical letters containing the web-link to the Integrated Annual Report.

Financial Context

The proposed dividend represents a 35% payout on shares with a face value of ₹10 each. This follows a strong financial performance in FY26, where Bhagwati Autocast reported an 111% year-on-year increase in net profit to ₹1300.98 lakh. Revenue from operations and other income rose to ₹17134.44 lakh from ₹14053.21 lakh in FY25. Earnings before interest, depreciation, and taxation (EBIDTA) stood at ₹2323.06 lakh, compared to ₹1295.54 lakh in the prior year.

Operational Updates

The company’s first ground-mounted solar power plant, with a capacity of 4500 kWp, continues to operate efficiently. A second plant of identical capacity was commissioned at Balodhar Village, Patan District, in August 2024. Together, these plants generated ₹726.49 lakh in revenue, meeting nearly 40% of the company’s total power consumption. Management expects customer demand to grow by 20% to 25% in the upcoming financial year.

Tax Implications

Under the Income Tax Act, 1961, as amended by the Finance Act, 2020, dividends distributed after April 1, 2020, are taxable in the hands of shareholders. Bhagwati Autocast will deduct tax at source (TDS) during dividend payment. Shareholders seeking exemption from TDS must submit duly signed Forms 15G, 15H, or 10F to cs@bhagwati.com . To avoid delays, members are advised to update their KYC details with depositories or the RTA.

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.