Proceedings of Annual General Meeting.
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Bondada Engineering held its 13th AGM on September 30, 2025, via video conferencing, where all 10 resolutions (8 Ordinary, 2 Special) were passed with requisite majority. Key items included approval of FY25 financial statements, a final dividend of Rs. 0.10 per share, re-appointment of CFO Mr. Satyanarayana Baratam, appointment of Mr. K N Kumar (Retd. IAS) as Independent Director for 5 years, revision of remuneration for CMD and CFO, and special resolutions enabling the Board to borrow up to Rs. 10,000 crores and create charges on company assets. Management reported strong FY25 results with revenue of Rs. 1,571 crores (96% YoY growth) and PAT of Rs. 115 crores (149% YoY growth), EPS of Rs. 10.33, and an order book of Rs. 5,044 crores. The company outlined Vision 2030 targeting 6 GW renewable capacity, 12 GWh battery storage EPC, and migration to the Main Board in 2026, alongside a 2X revenue growth target for FY26 and 3X for FY27.
The strong FY25 results, robust Rs. 5,044 crore order book, CRISIL A credit rating upgrade, and aggressive growth targets support a positive outlook, though the Rs. 10,000 crore borrowing limit and related-party transaction approvals signal potential debt expansion and capital needs. The planned Main Board migration in 2026 could improve liquidity and visibility for shareholders.