Appointment of M/s. Chirag Shah & Associates, Company Secretaries as the Secretarial Auditors
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Bhagwati Autocast held its 43rd AGM on September 16, 2025 via video conferencing, chaired by Dr. P.N. Bhagwati. Shareholders approved the appointment of M/s. Chirag Shah & Associates as Secretarial Auditors for a 5-year term from April 1, 2025 to March 31, 2030. A dividend of Rs. 2.50 per equity share (on face value of Rs. 10) was declared for FY25, working out to a 25% payout. The meeting also approved the re-appointment of Ms. Reena Bhagwati (daughter of the Chairman) as Managing Director for another 3 years, from September 26, 2025 to September 25, 2028. Both the Statutory and Secretarial Auditors' reports for FY25 were clean, with no qualifications or adverse remarks.
Routine governance exercise with no red flags — clean audit reports and continuity in leadership (promoter family MD re-appointed) provide stability, while the Rs. 2.50 dividend offers a modest cash return to shareholders. The new secretarial auditor is a standard regulatory appointment and unlikely to move the stock.