AGM Details

The 33rd Annual General Meeting of Bhagiradha Chemicals and Industries Limited is scheduled to be held on Friday, July 31, 2026, at 11:00 a.m. IST. The meeting will be conducted entirely through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI.

The Notice of the AGM along with the Annual Report for FY 2025-26 was sent through electronic mode on July 08, 2026, to all members whose names appeared in the Register of Members/Depositories as of the close of business on Friday, July 03, 2026, and whose email addresses were registered. The documents are also available on the company's website.

Ordinary Business

1. Adoption of Financial Statements

Shareholders will consider and adopt:

  • The Audited Standalone Financial Statements for the financial year ended March 31, 2026, along with Reports of the Board of Directors and Auditors.
  • The Audited Consolidated Financial Statements for the financial year ended March 31, 2026, along with the Report of the Auditors.

2. Declaration of Dividend

The Board of Directors has recommended a final dividend on equity shares at the rate of 15% (₹0.15 per equity share of face value ₹1 each) for the financial year ended March 31, 2026. This is subject to approval by shareholders through an ordinary resolution.

3. Re-appointment of Director

Sri. Suresh Kumar Somani (DIN: 00031096), a Non-Executive Non-Independent Director, retires by rotation and, being eligible, offers himself for re-appointment. Shareholders will vote on his re-appointment via ordinary resolution.

Special Business

4. Ratification of Cost Auditor Remuneration

Shareholders are asked to ratify the remuneration payable to the Cost Auditors, M/s. Sagar & Associates, Cost Accountants (Firm Registration No. 000118), for the financial year 2026-27. The Board of Directors, on the recommendation of the Audit Committee at its meeting held on May 19, 2026, approved their appointment at a remuneration of ₹1,25,000 per annum plus out-of-pocket expenses, other expenses, and GST at actuals.

Shareholder Information & Voting

Record Date and Dividend Eligibility

The company has notified the closure of the Register of Members and Share Transfer Books from Friday, July 24, 2026, to Friday, July 31, 2026 (both days inclusive), to determine the names of members eligible for the dividend, if declared.

E-Voting Process

The facility for appointment of proxies is not available for this virtual AGM. The company is providing remote e-voting facilities through National Securities Depository Limited (NSDL).

  • The remote e-voting period begins on Monday, July 27, 2026, at 09:00 A.M. and ends on Thursday, July 30, 2026, at 05:00 P.M.
  • Members can also vote through the e-voting system during the AGM on July 31, 2026.
  • The cut-off date for determining members entitled to vote is Thursday, July 23, 2026.

Tax Deduction at Source (TDS) on Dividend

Detailed guidelines are provided for TDS applicability on dividend payments to both resident and non-resident members. Key points include:

  • No TDS for resident individuals if the total dividend does not exceed ₹10,000, provided a valid PAN is registered.
  • A 10% TDS rate for resident members with a valid PAN; 20% if PAN is invalid/not provided.
  • A 20% rate (plus surcharge and cess) for most non-resident members, or beneficial tax treaty rates if applicable documents (Tax Residency Certificate, etc.) are submitted by July 20, 2026.
  • Specific exemptions and lower deduction certificates are outlined for various entities like LIC, GIC, mutual funds, AIFs, etc.

Director Information for Re-appointment (Annexure-1)

The notice includes a detailed profile of Sri. Suresh Kumar Somani:

  • DIN: 00031096
  • Date of Birth: May 19, 1963 (Age 63)
  • Date of First Appointment: November 4, 2023
  • Qualifications: Commerce graduate from St. Xavier's College, Kolkata.
  • Experience: Founder and Joint Managing Director of Ratnabali Group with over 40 years of experience in equity markets.
  • Shareholding: Holds nil shares directly. He is a director of M/s Ratnabali Investment Private Limited, which holds 1,82,48,320 equity shares (14.07% of share capital).
  • Directorships: Holds directorships in Astra Microwave Products Limited, Ratnabali Investment Private Limited, Ratnabali Equity Private Limited, IAC Research Foundation, IAC Patrons Foundation, and Clayfin Technologies Private Limited.
  • Committee Memberships: Member of the Nomination and Remuneration Committee of Bhagiradha Chemicals and the Audit Committee of Astra Microwave Products Limited.
  • remuneration: Does not draw any remuneration from the company except sitting fees for board/committee meetings.
  • Attendance: Attended all 5 board meetings held during FY 2025-26.

Notes and Instructions for Members

  • The registered office in Hyderabad is deemed the venue for the virtual AGM.
  • Members are urged to update their PAN, bank account details, and email addresses with their Depository Participants (demat holders) or the RTA, XL Softech Systems Limited (physical holders).
  • Detailed procedures are provided for members to inspect relevant documents electronically and for participating in the AGM via VC/OAVM.
  • Unclaimed dividends for seven consecutive years will be transferred to the Investor Education and Protection Fund (IEPF).