Filing of Annual Report 2025 (full set) on the date of dispatch to the share-holders in connection with the convening of the 64th Annual General Meeting on 21st July 2025 thro'' the VC/OAVM mode.
BIMETAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bimetal Bearings Limited has filed its Annual Report 2024-25 along with the notice for its 64th Annual General Meeting, scheduled for 21st July 2025 at 4:00 PM via video conferencing. The key agenda includes adoption of audited financial statements, declaration of a dividend of Rs.13 per share (totalling Rs.4.97 crore), and re-appointment of Mr. S. Narayanan as a Director. The meeting also seeks shareholder approval to appoint M/s. KSR & Co. as Secretarial Auditors for 5 years at Rs.2 lakh per annum, ratify Cost Auditors' remuneration of Rs.1.25 lakh, and approve related party transactions with joint venture BBL Daido Private Limited up to Rs.35 crore. BBL Daido is a joint venture where the company holds 20% stake. Shareholders are reminded that unclaimed dividends from FY 2017-18 will be transferred to the Investor Education and Protection Fund.
Positive for shareholders due to the Rs.13 per share dividend declaration. The related party transactions with the joint venture BBL Daido are routine and necessary for ongoing business operations. No material surprises or governance concerns are evident from the AGM agenda.