Re-appointment of M/s Mehta Sheth & Associates (FRN: 106238W) Chartered Accountants, as an Internal Auditors of the company for the F.Y 2026-27.
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Bhagwati Autocast Limited reported audited financial results for FY 2025-26 ending March 31, 2026. The company posted net profit of Rs 1,083.26 lakhs with total comprehensive income of Rs 1,011.39 lakhs. Basic and diluted EPS stood at Rs 45.16 per share. The Board declared a final dividend of Rs 3.50 per share (35%) subject to shareholder approval at the AGM. The statutory auditor gave an unmodified (clean) opinion on the financials. Key appointments include new statutory auditor M/s TRS & Associates (5-year term replacing Mahendra N. Shah & Co.), re-appointment of Mehta Sheth & Associates as internal auditor and Kiran J. Mehta & Co. as cost auditor for FY 2026-27, and appointment of Mr. Prakash B. Dalal as Additional Director (Non-Executive). Total assets grew from Rs 8,411.75 lakhs to Rs 9,154.97 lakhs year-over-year.
The company delivered strong profitability with clean audit findings, which is positive for shareholder confidence. The 35% dividend payout demonstrates financial health. The appointment of an experienced director with 30+ years in capital markets and wealth management from Kotak Mahindra Group may bring strategic value to the board.