Bondada Engineering recommends 14% final dividend for FY25-26

Bondada Engineering Limited has recommended a final dividend of 14% for the financial year ended March 31, 2026, marking a significant return to shareholders following its transition from the SME platform. The Board of Directors, in a meeting held on July 24, 2026, also approved the migration of the company’s equity shares to the Main Board of BSE Limited and National Stock Exchange of India Limited (NSE). This strategic move aims to enhance liquidity and visibility, subject to shareholder approval via postal ballot. The record date for determining dividend entitlement is fixed at August 14, 2026.

The board authorized the opening of the final Dividend Account for FY25-26 and approved the Director’s Report along with the Secretarial Audit Report issued by the company’s secretarial auditors. Additionally, the Cost Auditor’s Report for FY25-26 was considered and approved, with the remuneration of the cost auditors recommended for ratification by members at the ensuing Annual General Meeting (AGM).

Governance and Appointments

To comply with regulatory requirements for main board listing, the company appointed Mr. P. Dinakara Rao as an Additional Independent Director effective July 24, 2026. Mr. Rao, a former Chief General Manager at State Bank of Hyderabad with over four decades of experience in banking and financial services, will hold office until the AGM. His appointment aligns with Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The board also proposed the reappointment of Mrs. Neelima Bondada and Dr. Bondada Raghavendra Rao, who retire by rotation. Furthermore, the Secretarial Auditor was appointed for a five-year term commencing from FY26-27, and an Internal Auditor was appointed for FY26-27.

Capital Structure and Borrowing Powers

The board sought shareholder approval for borrowing powers up to ₹10,000 crore under Section 180(1)(c) of the Companies Act, 2013, and the creation of security under Section 180(1)(a). Additionally, authorization was sought to raise funds through the issuance of Non-Convertible Debentures (NCDs) or other suitable instruments up to ₹500 crore.

Resolution	Details
Final Dividend	14% for FY25-26
Record Date	August 14, 2026
NCD Authorization	Up to ₹500 crore
Borrowing Limit	Up to ₹10,000 crore
Main Board Migration	Subject to postal ballot approval

AGM and Voting Details

The 14th Annual General Meeting is scheduled for August 21, 2026. KFin Technologies Limited has been appointed as the E-voting Agency, and Vivek Surana & Associates as the Scrutinizer for both the AGM and the postal ballot regarding the main board migration. Shareholders holding shares as of July 24, 2026, with registered email addresses will receive the AGM notice and e-voting instructions electronically.

What the Numbers Show

The declaration of a 14% final dividend signals confidence in the company’s cash flow generation post-migration. The substantial borrowing limit of ₹10,000 crore, contrasted with the immediate NCD raise cap of ₹500 crore, suggests a phased approach to capital raising, likely aligned with long-term expansion plans rather than immediate short-term funding needs. The appointment of an additional independent director underscores the company’s commitment to strengthening corporate governance standards as it transitions to the main exchanges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.69%	+5.48%	-9.72%	-1.94%	-28.25%	+929.58%

Bondada Engineering has received approval for energization from the Central Electricity Authority (CEA) for a 300 MW grid-connected solar power project at Khavda, Gujarat. The project is being executed on an Engineering, Procurement and Construction (EPC) basis for NLC India Renewables Limited. This approval paves the way for adding 300 MW of solar power to the grid, marking a significant milestone in the company's renewable energy portfolio.

Project Overview

The CEA approval is a critical regulatory step for the project's energization. The following table summarizes the key details of the development:

Parameter	Details
Approving Authority	Central Electricity Authority (CEA)
Project Capacity	300 MW
Project Location	Khavda, Gujarat
Client	NLC India Renewables Limited
Execution Basis	Engineering, Procurement and Construction (EPC)

Strategic Significance

The Central Electricity Authority is the apex technical body under the Ministry of Power, Government of India. Securing this clearance underscores Bondada Engineering's execution capabilities in delivering large-scale renewable energy infrastructure projects for leading Central Public Sector Enterprises (CPSEs). This achievement reinforces the company's position as a trusted partner in India's clean energy transition.