Outcome of the Board Meeting
Price
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Bondada Engineering's board, which met on September 5, 2025, approved several key items. The board recommended a final dividend for FY2024-25, with September 22, 2025 set as the record date to determine eligible shareholders. It reappointed Mr. Satyanarayana Baratam as Executive Director (retiring by rotation) and appointed retired IAS officer Mr. Kadim Narayana Kumar as a new Independent Director. The board also approved revisions in remuneration for Chairman and Managing Director Mr. Raghavendra Rao Bondada and for Mr. Baratam, who also serves as Whole-time Director and CFO. Various auditors — Cost, Secretarial, and Internal — were appointed for FY2025-26, and the company approved seeking shareholder approval for expanded borrowing powers and creation of security under Sections 180(1)(c) and 180(1)(a) of the Companies Act. The Annual General Meeting notice and e-voting arrangements (scrutinizer and agency) were also approved.
Shareholders are set to benefit from a final dividend for FY25, with the record date set for September 22, 2025. The proposed increase in borrowing powers and security creation, subject to shareholder approval, suggests the company may be preparing for higher debt or expansion activity ahead.