Annual Report of the Company for the F.Y. 2023-2024
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Bhagawati Gas Limited (BSE: 500051) has submitted its Annual Report for FY 2023-24 and notice for its 50th AGM. The AGM is scheduled for Saturday, December 28, 2024 at 10:30 AM at the registered office in Banawas, Khetri Nagar, Rajasthan. E-voting window runs from December 25 to December 27, 2024, with a cut-off date of December 21, 2024. Key business items include adoption of new Memorandum and Articles of Association aligned with the Companies Act 2013, appointment of Mr. Vijay Gupta as Independent Director for 5 years (June 2024-June 2029), re-appointment of Mr. Rakesh Samrat Bhardwaj as Managing Director for 5 years, and appointment of Mr. Nawal Kishore Joshi as Director. The company also highlighted a new agreement with a Korean firm to market medical oxygen plants in India and ongoing discussions with ONGC for rare gas extraction, geothermal, and carbon capture projects.
This is primarily a routine regulatory filing and AGM notice with no material financial action. Shareholders will vote on standard governance matters; leadership continuity is maintained with the MD's re-appointment. No immediate price-moving impact is expected from these resolutions.