Reappointment of Ms. Reena Bhagwati as a Managing Director of the Company
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Bhagwati Autocast held its 43rd Annual General Meeting on September 16, 2025 via video conferencing. Shareholders approved a dividend of Rs. 2.50 per equity share for FY 2024-25, and the audited financials were adopted with no qualifications or adverse remarks from the auditors. The meeting approved the reappointment of Ms. Reena Bhagwati (daughter of Chairman Dr. P. N. Bhagwati) as Managing Director for a further 3-year term from September 26, 2025 to September 25, 2028. Additionally, M/s. Chirag Shah & Associates was appointed as Secretarial Auditor for a 5-year term from April 1, 2025 to March 31, 2030, and the remuneration of the Cost Auditor was ratified.
Continuity in leadership with the promoter family's daughter retaining the Managing Director role, reinforcing family control of the company. The declared dividend rewards shareholders, while clean audit reports signal no governance red flags.