Board Meeting30 May 2026, 03:51 pm
Bharat Gears Recommends ₹1 Dividend, Appoints Executive Director
AI Summary
Bharat Gears Ltd's board meeting on May 30, 2026, recommended a final dividend of ₹1.00 per equity share for FY26, pending shareholder approval, payable by September 30, 2026. Naresh Kumar Verma was appointed Executive Director - Operations for 5 years starting June 1, 2026, subject to member approval. Ernst & Young LLP were appointed as Internal Auditors for FY27, and M.K. Kulshrestha & Associates as Cost Auditors for FY27. The term of Joint Managing Director Sameer Kanwar will not be extended, expiring May 31, 2026.
Key Highlights
- Final dividend of ₹1.00 per share recommended for FY26, pending approval.
- Naresh Kumar Verma appointed as Executive Director - Operations effective June 1, 2026.
- Ernst & Young LLP appointed as Internal Auditors for FY27.
- M.K. Kulshrestha & Associates appointed as Cost Auditors for FY27.
- Sameer Kanwar's term as Joint Managing Director expires on May 31, 2026.
Price Impact
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