Notice of 43rd Annual General Meeting of the Company.
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Bhagwati Autocast has called its 43rd AGM on September 16, 2025 at 11:00 AM via video conferencing. The agenda includes adopting FY25 audited financials, declaring a dividend for FY25, and re-appointing Dr. Pravin N. Bhagwati who retires by rotation. Shareholders will also ratify the Rs. 82,500 annual remuneration of Cost Auditor M/s. Kiran J. Mehta & Co., and approve the appointment of M/s. Chirag Shah & Associates as Secretarial Auditors for a 5-year term (FY26 to FY30). The key item is the re-appointment of Ms. Reena Bhagwati (daughter of Dr. Pravin Bhagwati) as Managing Director for 3 years from September 26, 2025 to September 25, 2028, with a salary band of Rs. 4–8 lakh per month plus perquisites of up to Rs. 2–4 lakh per month. The dividend cut-off date is September 9, 2025, and the Register of Members will be closed from September 10–16, 2025. Remote e-voting will be open from September 12–15, 2025.
Routine AGM business with a dividend on the cards and continuity in leadership as the promoter family MD seeks re-appointment. The MD's remuneration range is modest for a listed entity and includes minimum remuneration clauses during loss/inadequate profit years, which is worth noting for shareholders. No major operational or structural changes are proposed.