Bhagwati Autocast has resumed manufacturing operations at its plant located in Rajoda, Gujarat, on August 8, 2026. The resumption follows a temporary suspension of operations caused by heavy rainfall and flooding in the region. This update provides clarity on production continuity for investors who were monitoring the disruption risk to the company’s automotive components output.

The intimation was issued under Regulation 30 of the SEBI (LODR) Regulations, 2015, to BSE Limited. The plant, situated at Survey No. 816, Village: Rajoda, Near Bavla, District Ahmedabad – 382220, Gujarat, India, was previously non-operational due to the weather event. Reena P. Bhagwati, Managing Director of Bhagwati Autocast Limited, confirmed that the facility is now operational.

Restoration and Operational Status

The company stated that it undertook necessary restoration and remedial activities following the receding of water levels. These measures were taken to restore normal operations at the site. Bhagwati Autocast emphasized that all necessary steps have been completed to ensure the plant can function effectively again.

Asset Impact Assessment

While operations have resumed, the company continues to assess the potential impact on its plant, machinery, inventory, and other assets. Bhagwati Autocast noted that all assets are adequately insured, mitigating financial exposure from physical damage. The company indicated it will closely monitor the situation to ensure smooth and normal operations moving forward.

What the Numbers Show

The immediate material implication of this filing is the removal of operational uncertainty regarding the Rajoda facility. For an automotive component manufacturer, continuous production capacity is critical for meeting order obligations. The confirmation that the plant is operational suggests that supply chain disruptions linked to this specific location have been resolved. However, the ongoing assessment of inventory and machinery implies that there may be latent costs or minor production inefficiencies not yet quantified. Investors should watch for any subsequent disclosures regarding repair costs or insurance claims, which could affect near-term profitability metrics if the damage assessment reveals significant capital expenditure requirements.

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.