Bombay Cycle & Motor Agency Ltd. shareholders overwhelmingly approved the adoption of audited financial statements for FY26, declared a final dividend, and re-appointed a director during its 107th Annual General Meeting (AGM) on August 7, 2026. The resolutions passed with support exceeding 98%, reflecting strong alignment between management and the shareholder base despite minor dissent from non-institutional public investors.

The meeting, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), was chaired by Chairman & Managing Director Chirag C. Doshi. Voting rights were determined as of July 31, 2026, with 400,000 equity shares eligible to vote. Remote e-voting was facilitated by National Securities Depository Limited (NSDL) from August 4 to August 6, 2026. Mrs. Ragini Chokshi of M/s. Ragini Chokshi & Co. served as the scrutinizer, certifying the results in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results Breakdown

All three ordinary business items were passed with requisite majorities. Promoter group shareholders held 289,858 shares and voted unanimously in favor of all resolutions. Public institutional shareholders held 7,814 shares but did not cast any votes. Non-institutional public shareholders held 102,328 shares, with approximately 5% participating in the vote.

The director re-appointment concerned Mr. Chakor L. Doshi (DIN: 00210949), who retires by rotation and offered himself for re-appointment. The slight variation in total votes polled for this resolution (2,95,048 vs 2,95,049) is attributable to individual voting patterns among non-institutional shareholders.

Governance and Compliance

The company disclosed under Regulation 30 read with Part A of Schedule III of SEBI LODR Regulations that representations under Section 113 of the Companies Act, 2013 were received from holders of 2,48,482 equity shares, constituting 62.12% of the paid-up equity share capital. These representations were addressed during the meeting by the Board members, including Mr. Manish Modi and Mrs. Devika Shah, who introduced themselves to participants.

No physical meeting or proxy appointments were made as the AGM was held exclusively through VC/OAVM. Eight promoter shareholders and 11 public shareholders attended the virtual session. Company Secretary Nidhi Agarwal confirmed that all statutory requirements were met, including the dissemination of voting results to stock exchanges and their upload on the company’s website and NSDL’s platform. The successful passage of all resolutions underscores continued shareholder confidence in the company’s governance framework.

Bombay Cycle & Motor Agency Ltd has fixed Friday, July 24, 2026, as the record date to determine the entitlement of members to the final dividend for FY 25-26, if approved at the upcoming Annual General Meeting. The 107th AGM is scheduled to be held on Friday, August 07, 2026, at 4.00 p.m. IST through Two-way Video Conferencing and Other Audio Visual Means.

The meeting will be conducted in compliance with Ministry of Corporate Affairs Circulars, including the latest Circular No. 03/2025 dated September 22, 2025, which permits holding AGMs without physical presence. The Notice of the AGM and the Annual Report for FY 25-26 are being circulated only through electronic mode to members whose email addresses are registered with the company or depository participants.

Remote e-voting facilities will be available to members to cast votes on resolutions set out in the notice. The remote e-voting period will commence at 9.00 am on Tuesday, August 04, 2026, and conclude at 5.00 pm on Thursday, August 06, 2026. Members who have cast their votes remotely may attend the meeting but will not be entitled to vote again.

Only members whose email addresses are registered in the Register of Members as on the cut-off date of Friday, July 31, 2026, will be entitled to avail the remote e-voting facility. Voting rights will be proportionate to members' shareholding in the paid-up share capital as on the record date.

The company has stated that dividend income is taxable in the hands of shareholders under the Income Tax Act, and tax will be deducted at source at applicable rates. Members who acquire shares after the dispatch of the notice but hold them as on the record date may obtain login details by writing to the Registrar and Share Transfer Agent.