Bharat Gears Limited has informed the Exchange about General UpdatesPursuant to Part-A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the minutes of Annual General Meeting of the members of the Company duly convened on July 30, 2025. You are requested to take the same on your records.
BHARATGEAR · price
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Awaiting price reaction for this filing.
Bharat Gears Limited filed the minutes of its 53rd Annual General Meeting, held on July 30, 2025 via video conferencing, with both NSE and BSE on August 5, 2025. In his address, the Chairman reported FY 2024-25 revenue from operations of Rs. 647.53 Crores, slightly down from Rs. 663.05 Crores in FY 2023-24, while EBITDA improved to Rs. 27.81 Crores from Rs. 27.16 Crores. The company highlighted becoming the first gear manufacturer to supply ground bevel gears in India and expansion into EV, windmill, oil, hybrid, and defence vehicle segments, though exports declined due to weakness in European and US tractor and commercial vehicle markets. Six resolutions were passed, including adoption of audited financial statements, appointment of three new Non-Executive Independent Directors (Mr. Satya Prakash Mangal, Mr. Bharat Dev Singh Kanwar, and Mr. Nagar Venkatraman Srinivasan) for five-year terms, appointment of M/s TVA & Co. LLP as Secretarial Auditor for FY 2025-26 to FY 2029-30, and ratification of cost auditor remuneration of Rs. 2.25 lakh for FY 2025-26.
This is a routine regulatory filing that confirms shareholder approval of the company's financial statements and key governance changes. The slight revenue dip with improved EBITDA margins and new director appointments suggest continuity in strategy with a focus on diversification, while the weak export outlook remains a watchpoint for investors.