Bimetal Bearings Limited has confirmed full compliance with the Securities and Exchange Board of India (LODR) Regulations, 2015 for the financial year ended 31 March 2026. The company submitted its Annual Secretarial Compliance Report to BSE Limited on 30 May 2026, verifying adherence to regulatory requirements without deviations. The assessment, conducted by M/s KSR & Co Company Secretaries LLP, covered the company's documents, exchange filings, and website disclosures.

The report examined compliance with key regulations including the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, and the SEBI (Prohibition of Insider Trading) Regulations, 2015. Several regulations, such as those concerning issue of capital, substantial acquisition of shares, and buybacks, were not applicable to the listed entity during the review period.

A detailed review of specific compliance parameters revealed no instances of non-compliance. The company maintained all applicable policies approved by its Board of Directors and ensured these were updated in line with regulatory circulars. The functional website of the entity facilitated timely dissemination of required documents and information.

The compliance status regarding various governance and operational aspects is summarised below:

The report confirmed that no actions were taken against the listed entity, its promoters, or directors by SEBI or stock exchanges during the review period. Additionally, there were no resignations of statutory auditors, and no additional non-compliances were observed. The audit committee granted prior approval for all related party transactions.

Bimetal Bearings Limited reported a 9.8% rise in net profit to ₹1,142.17 lakh for the financial year ended March 31, 2026, compared to ₹1,039.90 lakh in the previous year. Revenue from operations for the year increased to ₹29,698.36 lakh from ₹23,907.82 lakh in FY25. The board of directors has recommended a final dividend of ₹13.50 per share for FY26, subject to the approval of shareholders.

For the quarter ended March 31, 2026, the company recorded a profit after tax of ₹347.77 lakh, up from ₹210.93 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹9,428.11 lakh. The financial results were reviewed and recommended by the Audit Committee and approved by the Board in their meeting held on May 27, 2026.

The statutory auditors, Fraser & Ross LLP, issued an unmodified opinion on the audited standalone financial results for the year and reviewed the results for the quarter. The company noted that the Labour Codes, which became effective from November 21, 2025, necessitated amendments to employee benefit policies, resulting in a past service cost of ₹50 lakh recognized in the employee benefits expense.

Financial Performance

The company's total expenses for FY26 rose to ₹28,693.57 lakh from ₹23,367.62 lakh in the prior year. Profit before tax for the year increased to ₹1,510.81 lakh from ₹1,096.25 lakh. Earnings per share (EPS) for the year improved to ₹29.86 from ₹27.19 in the previous year.

Segment Performance

The company operates in two primary segments: Engine Bearings, Bushings and thrust washers, and Engineering and Project services. The Engine Bearings segment reported a gross revenue of ₹27,677.95 lakh for the year, while the Engineering and Project services segment contributed ₹2,020.41 lakh. The total assets of the company as of March 31, 2026, stood at ₹29,474.11 lakh, compared to ₹27,388.60 lakh in the previous year.