Event Overview

Bimetal Bearings Limited conducted its 65th Annual General Meeting (AGM) on July 20, 2026, commencing at 4:00 PM and concluding at 4:42 PM. The meeting was held by means of Video Conferencing (VC)/Other Audio Visual Means (OAVM) in accordance with circulars issued by the Ministry of Corporate Affairs and SEBI.

Attendance

All Directors were present except Mr. A. Krishnamoorthy, Non-Executive Director and Chairman of the Company, who intimated his inability to attend due to health issues. Mr. S. Narayanan, Whole Time Director, was elected as Chairman and presided over the meeting. The requisite quorum was present at commencement and throughout the meeting.

Business Transacted

The following items of business were transacted as per the Notice of the 65th AGM:

1. Adoption of audited financial statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2026, together with the Reports of the Directors and the Independent Auditors.

2. Declaration of a dividend of ₹13.50 per share as recommended by the Board of Directors.

3. Consideration of the re-appointment of Mr. A. Krishnamoorthy, Director who retired by rotation at the 65th AGM.

4. Ratification of remuneration of Cost Auditors for the financial year 2026-2027.

5. Approval for material related party transactions with M/s. BBL Daido (P) Ltd., for an amount of ₹50.00 Crores from the conclusion of the 65th AGM up to the conclusion of the 66th AGM to be held in 2027, subject to a maximum period of 15 months from July 20, 2026.

Voting and Results

All resolutions were subject to e-voting, which was also available during the AGM. The results of the e-voting along with the report of the Scrutinizer will be uploaded to the website of BSE Limited within 2 working days. Subsequently, the voting results will be uploaded to the Company's website.

Additional Information

The Chairman detailed the Company's performance for the year under review and growth prospects for coming years during his speech. Shareholder queries were responded to during the meeting.

Reason for Delay in Filing

The delay in filing the outcome of the AGM was due to network interruptions during attempted upload within the stipulated time limit.