BSEBhagwati Autocast LtdMediumNeutral
Announced Fri, 23 May · 18:33 IST

Change in Management

Management Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Bhagwati Autocast's board approved audited results for Q4 and FY ended March 31, 2025. FY25 revenue from operations rose to Rs. 13,994.44 lakhs (vs Rs. 13,428.60 lakhs in FY24), but net profit fell to Rs. 615.82 lakhs (vs Rs. 693.02 lakhs), with EPS at Rs. 21.38. Q4 FY25 revenue grew sharply to Rs. 3,857.87 lakhs though Q4 profit declined to Rs. 273.52 lakhs. Statutory auditors M/s Mahendra N. Shah & Co. issued an unmodified opinion, noting pending trade receivables/creditors confirmations. The board approved reappointment of Ms. Reena Bhagwati (daughter of Chairman Dr. Pravin N. Bhagwati) as Managing Director for another 3-year term starting September 26, 2025. A final dividend of Rs. 2.50 per share (25% on face value of Rs. 10) was recommended. New secretarial auditor (Chirag Shah & Associates, 5-year term), internal auditor (Mehta Sheth & Associates, FY26), and cost auditor (Kiran J. Mehta & Co., FY26) were also appointed.

Likely market impact

Mixed signals for shareholders – revenue growth but profit decline year-on-year; the 25% dividend offers some income support. Continuity in promoter-family leadership (Reena Bhagwati reappointed as MD) provides management stability. Emphasis-of-matter on unreconciled trade balances is a minor governance flag worth monitoring.