Bimetal Bearings AGM 2026: ₹13.50 Dividend, Record Date

Company intimation sets the key dates

Bimetal Bearings Limited has set July 14, 2026 as the record date to determine which shareholders are eligible for its dividend for FY2025-26. The company also fixed book closure from July 14, 2026 to July 20, 2026, both days inclusive. These timelines were linked to the convening of the company’s 65th Annual General Meeting (AGM), scheduled for July 20, 2026. The disclosures were made through exchange filings where the company also referenced dispatch of its annual report to shareholders. For investors, record date and book closure matter because they decide eligibility for dividend payout. The company also reiterated the operating mode of the AGM through video conferencing in line with MCA and SEBI circulars.

Record date and book closure: what it means for shareholders

The record date was fixed as Tuesday, July 14, 2026. For shareholders holding shares in physical form, eligibility is based on names appearing in the Register of Members as on the record date. For dematerialised holdings, dividend eligibility is determined using the beneficial ownership details provided by the depositories at the end of business hours on July 14, 2026. The Register of Members and Share Transfer Books were to remain closed from July 14 to July 20, 2026. The company’s intimation also included a reference to “135% Dividend”, alongside the per-share dividend figure disclosed elsewhere. Investors typically track these dates to ensure trades are settled and holdings reflect in the appropriate form by the cut-off.

65th AGM held on July 20, 2026 via VC

The 65th AGM was held on July 20, 2026 through Video Conferencing (VC) and Other Audio Visual Means (OAVM). As per the proceedings, the meeting commenced at 4:00 p.m. and concluded at 4:42 p.m. The requisite quorum was present at the beginning and throughout the meeting. Mr. S. Narayanan, Whole Time Director, was elected as the Chairman for the meeting and presided over the proceedings. The company noted that all directors were present except Mr. A. Krishnamoorthy, Non-Executive Director and Chairman of the company, who was unable to attend due to health issues.

Shareholders approve ₹13.50 per share dividend

At the AGM, shareholders ratified the board’s recommendation to declare a dividend of ₹13.50 per share. The board had earlier recommended the final dividend for the year ended March 31, 2026, and the AGM approval completed the shareholder consent requirement referenced in the record date notice. The company also disclosed that the recommended final dividend amounted to ₹5.16 crore. Dividend announcements are closely tracked because they link reported earnings with cash distribution decisions, and because record date drives entitlement for investors.

FY26 financial performance cited in filings

The company reported a 9.9% increase in net profit to ₹114.22 crore for FY26. Revenue for FY26 rose 24.2% to ₹2,969.84 crore. These figures were presented alongside the AGM-related disclosures, where the adoption of audited financial statements for the year ended March 31, 2026 was one of the items of business. The AGM covered both standalone and consolidated audited financial statements along with the Directors’ Report and the Independent Auditors’ Report. The approval of audited numbers is a key annual compliance event, and it provides the formal basis for dividend declaration.

Material related-party transactions approved up to ₹50 crore

Shareholders also sanctioned material related party transactions with M/s. BBL Daido (P) Ltd. for an amount of ₹50.00 crore. The company specified that these transactions are valid 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. This approval forms part of the AGM’s ordinary and special business agenda as per the notice. Such resolutions are typically placed before shareholders to meet regulatory requirements and provide oversight for transactions with related entities.

Cost auditor remuneration ratified for FY2026-27

Another key resolution passed at the AGM was ratification of remuneration for cost auditors for the financial year 2026-2027. The company’s filings state that shareholders approved the ratification, aligning with the AGM agenda. This is a recurring governance item for manufacturing companies where cost audit requirements apply. Along with adoption of audited financial statements, it forms part of the annual compliance framework for listed companies.

Director retirement by rotation and re-appointment item

The meeting also considered the re-appointment of Mr. A. Krishnamoorthy, who retired by rotation at the 65th AGM. While he did not attend due to health issues, the item was part of the agenda placed before shareholders. The company’s proceedings list this as one of the five items of business approved at the AGM. Such resolutions are standard under company law for directors who retire by rotation.

E-voting process and filing timeline

All resolutions were subject to e-voting, which was available during the meeting. The company stated that the voting results along with the scrutinizer’s report would be uploaded to the website of BSE Limited within two working days, and subsequently to the company’s website. It also disclosed that a delay in filing the outcome of the AGM occurred due to network interruptions during the attempted upload within the stipulated time limit. These details matter to investors tracking compliance and the finality of voting outcomes.

Key facts snapshot

Registered office and registrar details disclosed

The company’s filings also carried basic corporate contact details. The registered office address was listed as Strip Mill / Powder Plant, “Huzur Gardens”, Sembium, Chennai (Madras), Tamil Nadu 600011, with telephone 044-25375581 and email vidhyashankar@bimite.co.in. Registrar details included Nelson Chambers, “F” Block, STA Department, Chennai (Madras) 600029, with telephone 044-42962025. Such information is often used by shareholders for communications related to holdings, transfers, and corporate actions.

What investors can track next

Based on the disclosures, the next process milestone is the publication of e-voting results along with the scrutinizer’s report on the exchange website, followed by the company website. Investors focused on corporate actions typically monitor record date alignment with their demat holdings and the company’s dividend payment workflow after AGM approval. For governance tracking, the related-party transaction approval up to ₹50 crore and its validity window are the key outcomes to note. The company has already disclosed the AGM proceedings timeline and its filing-related delay due to network issues, which clarifies the sequence of compliance events.