Re-appointment of M/s. Kiran J. Mehta & Co., Cost Accountants as a Cost Auditor of the company for the F.Y 2026-27
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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, approving multiple items. The company reported audited financial results for Q4 and FY ended March 2026 with revenue from operations at Rs 14,241.03 lakhs (up from Rs 13,990.99 lakhs in FY25). Profit before tax improved to Rs 1,893.41 lakhs from Rs 1,583.26 lakhs. The board recommended a final dividend of Rs 3.50 per share (35%) subject to shareholder approval. New appointments include M/s TRS & Associates as statutory auditors (replacing M/s Mahendra N. Shah & Co.) for 5 years, re-appointment of internal auditor and cost auditor, and appointment of Mr. Prakash Dalal as Additional Director (Non-Executive, Non-Independent) with extensive financial services experience including 30+ years at Kotak Mahindra Group. Statutory auditors issued an unmodified opinion on the financial results.
The company demonstrated improved profitability and operational performance in FY26. The dividend recommendation provides direct cash returns to shareholders. The appointment of experienced board members and continuity in audit functions suggest stable governance. Total equity stands at Rs 5,887.78 lakhs with total assets of Rs 9,154.97 lakhs.