AGM Details

The 14th Annual General Meeting of Bondada Engineering Limited was held on Friday, August 21, 2026, at 03:00 p.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting commenced at 03:00 PM and concluded at 03:53 PM.

Attendance

Chair: Dr. Bondada Raghavendra Rao, Chairman and Managing Director

Present Directors: Mr. Satyanarayana Baratam (Whole-time Director & CFO), Mrs. Neelima Bondada (Non-Executive Director), Mr. Pasupuleti Venkata Subba Rao (Independent Director), Mr. Dinakara Rao Pasupuleti (Independent Director), Mr. Kadim Narayana Kumar (Independent Director)

Other Attendees: Rear Admiral R. Sreenivas (Chief Executive Officer), Dr. Sonia Bidlan (Company Secretary)

Officials Present: Mr. Vivek Surana (Scrutinizer from M/s. Vivek Surana & Associates), Ms. D. Soumya (from M/s RVR & Associates, Secretarial Auditor), Mr. Vidyasagar (from M/s Sreedar Mohan and Associates, Statutory Auditor)

Business Transacted

All items of business contained in the AGM Notice dated July 24, 2026 were transacted through remote e-voting and insta poll e-voting during the AGM:

| Item No. | Agenda Details | Resolution Type |

| 1 | Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026, together with Reports of the Board and Auditors | Ordinary |

| 2 | Declaration of Final Dividend of Rs. 0.28 per equity share for FY 2025-26 | Ordinary |

| 3 | Re-appointment of Dr. Raghavendra Rao Bondada (DIN: 01883766) as Director, liable to retire by rotation | Ordinary |

| 4 | Re-appointment of Mrs. Neelima Bondada (DIN: 05220852) as Director, liable to retire by rotation | Ordinary |

| 5 | Ratification of remuneration of Cost Auditor, M/s. Bharathula & Associates, Cost Accountants, for FY 2026-27 | Ordinary |

| 6 | Approval of Related Party Transactions with subsidiaries/related entities for FY 2026-27 within prescribed limits | Ordinary |

| 7 | Appointment of Mr. P. Dinakara Rao (DIN: 00009801) as Independent Director of the Company | Special |

| 8 | Approval under Section 180(1)(c) of the Companies Act, 2013 for borrowing powers of the Board up to Rs. 10,000 Crores | Special |

| 9 | Approval under Section 180(1)(a) of the Companies Act, 2013 empowering the Board to create security/charge on Company's properties | Special |

Management Presentation Highlights

Financial Performance (FY 2025-26)

  • Revenue: ₹2,842 crores (81% growth year-on-year)
  • Profit After Tax (PAT): ₹211.08 crores (86.5% growth year-on-year)
  • Orders secured during the year: ₹4,453 crores from Government and Non-Government entities
  • Order book position: ₹10,023 crores
  • Dividend declared: ₹3.12 crores (14% of face value) for FY 2025-26
  • ESOP allotment: 78,000 shares allotted under BEL-Employees Stock Option Plan, 2024
  • Credit rating upgrade: CRISIL A+ (Stable)

Strategic Updates

  • The company continued to strengthen its Telecom business and installed many towers
  • Significant progress made in land acquisition, with pooling of land commenced
  • Focus on operational excellence, execution capabilities and timely delivery of projects
  • Expansion across Renewable Energy, Battery Energy Storage Systems (BESS), Telecom and other emerging sectors
  • Development of capabilities and opportunities in Defence sector through Bondada Dynamics Private Limited
  • Proposed migration of equity shares from BSE SME Platform to Main Board of BSE and NSE for enhanced liquidity, broader investor base, stronger governance visibility and improved valuation

Director Appointments/Re-appointments

Mr. Dinakara Rao Pasupuleti (DIN: 00009801)

  • Appointed as Independent Director on 21st August, 2026
  • Profile: Distinguished banking professional, leadership mentor, and author with over 40 years of experience in banking and financial services
  • Postgraduate in Applied Economics, began banking career as Probationary Officer with State Bank in 1968
  • Not related to any existing Directors
  • No other directorships or committee memberships
  • Not debarred from holding directorship by SEBI or any other authority

Dr. Raghavendra Rao Bondada (DIN: 01883766)

  • Re-appointed as Director liable to retire by rotation on 21st August, 2026
  • Profile: Seasoned visionary with over two decades of leadership in telecom and power sectors
  • Civil Engineering graduate from Nagarjuna University, Doctorate in Business Administration from California Public University (CPU)
  • One of the promoters of the Company
  • Holds directorship in 12 other companies
  • Member of Stakeholders Relationship Committee and Risk Management Committee
  • Not debarred from holding directorship

Mrs. Neelima Bondada (DIN: 05220852)

  • Re-appointed as Director liable to retire by rotation on 21st August, 2026
  • Profile: Founding member and Non-Executive Director, Science graduate from Nagarjuna University
  • One of the promoters of the Company
  • Holds directorship in 2 other companies
  • Chairman of Stakeholders Relationship Committee
  • Member of Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee
  • Not debarred from holding directorship

Voting and Compliance

  • The facility of e-voting and instapoll was provided to members
  • Voting results along with Scrutinizer's Report will be uploaded on company website (www.bondada.net) and KFin Technologies Limited website (www.evoting.kfintech.com)
  • The meeting included a Question-and-Answer session where management addressed member queries on business operations, financial performance, order book, renewable energy and BESS opportunities, emerging business areas and future growth prospects