Outcome of Board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bhagwati Autocast Limited held its Board Meeting on May 29, 2026 and approved the audited financial results for Q4 and full year ended March 31, 2026. The statutory auditors (Mahendra N. Shah & Co.) issued an UNMODIFIED opinion on the financial statements. Key items approved include: (1) Final dividend of Rs. 3.50 per equity share (35% on face value) for FY 2025-26, subject to shareholder approval at the 44th AGM, (2) Re-appointment of M/s. TRS & Associates as Statutory Auditors for FY 2026-27, (3) Appointment of M/s. Mehta Sheth & Associates as Internal Auditors, and (4) Appointment of M/s. Kiran J. Mehta & Co. as Cost Auditors for FY 2026-27. The auditors included an Emphasis of Matter regarding pending confirmation/reconciliation of trade receivables, creditors and advances. Revenue from operations grew from Rs. 999.45 Cr in FY2024-25 to approximately Rs. 1,390.94 Cr in FY2025-26.
The company delivered strong revenue growth of ~39% YoY with clean audit opinion. The emphasis of matter on receivables reconciliation is routine but shareholders should monitor collections. Dividend declaration is positive for investor returns. The auditor changes are normal rotation and not a concern.