In connection with the holding of the 64th Annual General Meeting of the Company held on 21st July 2025 and in respect of the resolutions passed thereat, the company hereby submits the ....
BIMETAL · price
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Bimetal Bearings Limited held its 64th AGM on 21st July 2025 via video conferencing, where six resolutions were passed with overwhelming shareholder support. The key resolutions included approval of audited financial statements for FY ending 31st March 2025 (99.99% in favour), declaration of a dividend of Rs.13.00 per equity share (99.99% in favour), and re-appointment of Mr. S. Narayanan as Director (99.99% in favour). Shareholders also approved the ratification of Cost Auditors' remuneration for FY 2025-26 (99.98% in favour), appointment of M/s. KSR & Co Company Secretaries LLP as Secretarial Auditors for five years from 1st April 2025 (99.99% in favour), and material related party transactions with BBL Daido Private Limited (99.92% in favour, with promoters being interested parties). Out of 3,825,000 total shares, approximately 77.64% were polled via remote e-voting, with promoter group holding 2,864,126 shares voting 100% in favour.
The near-unanimous approval of all resolutions indicates strong shareholder confidence in the company's management and direction. The Rs.13 per share dividend declaration is a direct positive for shareholders, while the high vote in favour of the related party transaction with BBL Daido, despite promoter interest, reflects shareholder comfort with associated party dealings.