Bemco Hydraulics Limited disclosed the outcomes of its Board of Directors meeting held on Monday, May 25, 2026, from 11:00 AM to 04:30 PM. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.

Financial Results and Reports

  • The Board took on record the audited financial results for the fourth quarter ended March 31, 2026.
  • The audited standalone financial results for the year ended 2025-26 were taken on record.
  • The consolidated financial results for the year ended 2025-26 were taken on record.
  • Standalone and consolidated audit reports for FY 2025-26 were taken on record.
  • The Board noted the Secretarial Audit report for FY 2025-26 from M/s CS Vinita D Modak.
  • The Board noted the Internal Audit report for FY 2025-26 from M/s. Latkan and Associates.
  • The Board noted the Corporate Governance Report for FY 2025-26.
  • The Board approved the draft Board of Directors report for FY 2025-26.

Dividend Declaration

  • Recommended a final dividend of ₹0.10 per equity share of ₹1 each (fully paid up) for FY ended March 31, 2026.
  • The final dividend is subject to shareholder approval at the ensuing AGM.
  • If approved, the dividend will be paid to eligible shareholders on or before 30 days from the AGM date.
  • Record date for dividend: Thursday, August 6, 2026.
  • Approved payment of dividend on 300,000, 11% Cumulative Redeemable Preference shares for the period from April 1, 2025 to March 31, 2026.
  • Dividend account for preference shares will be opened with Bank of Baroda.

Appointments and Approvals

  • Approved remuneration of Mr. Anirudh Mohta as Managing Director for two years as recommended by Nomination and Remuneration Committee.
  • Approved remuneration of Mr. Anirudh Mohta to hold office of place of profit in subsidiary as recommended by Nomination and Remuneration Committee.
  • Appointed Mr. Umesh Kini as Cost Compliance Auditor for 2026-27.
  • Appointed M/s. Latkan & Associates as Internal Auditor for FY 2026-27.
  • Appointed Mr. Ullas Kini as Tax Auditor for FY 2026-27.
  • Approved the amount to be spent on CSR during FY 2026-27 (amount not specified).
  • Appointed Mr. S R Deshpande, Practicing Company Secretary, as scrutinizer for e-voting results for the 68th AGM.

Corporate Governance and Compliance

  • Board discussed investment of surplus funds of the Company.
  • Took on record Form MBP 1, Form DIR-8 of all directors, and declarations from Independent Directors under Section 149(5) of Companies Act, 2013.
  • Took note of related party transactions to be entered in FY 2026-27.
  • Took note of Investor Grievance Redressal Statement for quarter ended March 31, 2026.
  • Reviewed and approved all policies applicable to the company.

Annual General Meeting Details

  • Fixed 68th Annual General Meeting on Thursday, August 13, 2026, at 3:30 PM at registered office.
  • Closure of Register of Members and Share Transfer Books: Friday, August 7, 2026 to Thursday, August 13, 2026 (both days inclusive).
  • Record date/cut-off date: Thursday, August 6, 2026.
  • E-voting period: Sunday, August 9, 2026 (10:00 AM) to Wednesday, August 12, 2026 (5:00 PM).
  • Cut-off date for e-voting: Thursday, August 6, 2026.
  • Approved 68th Notice of AGM and 68th Annual Report of the Company.

Business Operations

  • Approved sublease of approximately 20,000 sq feet of land and building to an Automobile showroom.
  • A sublease agreement will be executed between parties subject to terms, conditions, and necessary approvals.
  • The Automobile Showroom building is owned by Bemco Hydraulics Limited but will be operated by the finalized dealer.
  • Building will be handed over to Automobile showroom after necessary approvals and execution of sublease agreement.