Appointment of Statutory Auditor of the company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bhagwati Autocast Limited held a Board meeting on May 29, 2026 where it approved the audited financial results for Q4 and FY ended March 31, 2026. The statutory auditors M/s Mahendra N. Shah & Co. issued an unmodified opinion on the financials. The Board recommended a final dividend of Rs. 3.50 per share (35% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval. The company appointed M/s TRS & Associates as the new Statutory Auditors for a 5-year term (April 2026 to March 2031), replacing the retiring auditors. Additionally, Mr. Prakash Dalal was appointed as an Additional Director (Non-Executive, Non-Independent) on the Board.
The company delivered a clean audit with unmodified opinion, which is positive for investor confidence. The dividend declaration and appointment of a new statutory auditor for a fixed term indicate stable governance. The addition of Mr. Prakash Dalal, a veteran from Kotak Group with 30+ years in financial services, brings relevant expertise to the Board.