Event Details

Bemco Hydraulics Limited held its 68th Annual General Meeting (AGM) on Thursday, 13th August, 2026 at 3:30 PM at the company's registered office at Udyambag, Khanapur Road, Belgaum - 590 008, Karnataka.

Meeting Proceedings

Mr. Vijay Kumar Mohta was appointed as Chairman of the meeting and presided over the proceedings. The meeting achieved the required quorum of not less than 15 members personally present.

Statutory books, certificates, reports, and register of proxies were placed for member inspection. Leave of absence was granted to auditors A C Bhuteria & Co, Chartered Accountants, Kolkata, who expressed inability to attend due to preoccupancy.

Voting Process

The company provided e-voting facilities through CDSL from Sunday, 9th August 2026 at 10:00 AM to Wednesday, 12th August 2026 at 5:00 PM. Members as of the cut-off date (Thursday, 6th August 2026) were eligible to participate in e-voting.

Physical poll voting was conducted at the AGM for members present in person or through proxy who had not voted electronically. Mr. S. R. Deshpande, Practicing Company Secretary (Membership No: 1865), acted as scrutinizer for both e-voting and physical poll processes.

Resolutions Considered

Ordinary Business

1. Adoption of audited standalone financial statements for year ended March 31, 2026, along with Board of Directors and Auditors reports

2. Adoption of audited consolidated financial statements for year ended March 31, 2026, along with Auditors report

3. Declaration of dividend on equity shares for financial year ended March 31, 2026

4. Confirmation of dividend paid on 300,000, 11% Cumulative Redeemable Preference shares for period from April 1, 2025 to March 31, 2026

5. Re-appointment of Mr. Vijay Kumar Mohta (DIN:00535338) who retires by rotation

6. Re-appointment of Mrs. Jyoti Mohan Dalmia (DIN:02546712) who retires by rotation

Special Business

7. Ratification of remuneration of Managing Director (Special Resolution)

8. Approval of remuneration for Mr. Anirudh Mohta to hold office/place of profit in subsidiary companies (as related party)

9. Approval of related party transactions with subsidiary company Bemco Fluidtechnik LLP

10. Lease of Undertaking under section 180(1)(a) of Companies Act, 2013

Business Presentation

Mr. Anirudh Mohta, Managing Director, made a presentation to shareholders explaining business prospects of the company.

Meeting Conclusion

The AGM concluded at 4:15 PM. The scrutinizer's combined report for e-voting and physical poll was received, and all ten resolutions were declared as passed. Results were to be intimated to stock exchanges within two working days and posted on the company's website.