Filing of the proceedings of the 64th Annual General Meeting on the day immediately after the completion of the meeting.
BIMETAL · price
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Awaiting price reaction for this filing.
Bimetal Bearings Ltd held its 64th Annual General Meeting on 21st July 2025 via video conferencing, chaired by Mr. A. Krishnamoorthy. All directors were present with the requisite quorum, and auditors' reports were clean with no qualifications. Shareholders approved the adoption of FY25 audited financial statements, declaration of a dividend of Rs.13.00 per share, re-appointment of Mr. S. Narayanan as director, ratification of cost auditors' remuneration, appointment of KSR & Co Company Secretaries LLP as secretarial auditors for 5 years from April 2025, and approval for related party transactions with BBL Daido (P) Ltd worth Rs.35 crore valid till the 2026 AGM. E-voting results will be filed with BSE within 2 working days. The company acknowledged a one-day delay in filing this submission and sought condonation.
The Rs.13 per share dividend signals healthy returns for shareholders, while clean audit reports and an approval for Rs.35 crore related-party transaction with BBL Daido reinforce governance continuity. Investors should monitor the e-voting results for any dissent and watch for the Q1 FY26 filing that will follow this AGM closure.