Bondada Engineering Ltd

AGM Details

• AGM held on 21 August 2026 at 3:00 PM via VC/OAVM.

Resolutions and Outcomes

• Receive and adopt standalone and consolidated financial statements; ordinary resolution, passed.
• Dividend declaration for FY 2025-26; ordinary resolution, passed.
• Appointment of Dr. Raghavendra Rao Bondada as Director, liable to retirement by rotation; ordinary, passed.
• Appointment of Mrs. Neelima Bondada as Director, liable to retirement by rotation; ordinary, passed.
• Ratification of remuneration of Cost Auditor; ordinary, passed.
• Approval for related party transactions; ordinary, passed.
• Appointment of Mr. P. Dinakara Rao as Independent Director; special, passed.
• Approval for board borrowing powers up to Rs 10,000 crores or higher; special, passed.
• Empower board to create security on company properties; special, passed.

AGM Details

• Date and time: 21 August 2026 at 03:00 PM IST; mode: VC/OAVM.
• Meeting duration: 03:00 PM to 03:53 PM.
• Notice dated 24 July 2026; e-voting and insta poll conducted.

Key Resolutions

• Ordinary: Adoption of audited standalone and consolidated financial statements and reports.
• Ordinary: Final dividend of Rs 0.28 per equity share for FY 2025-26.
• Ordinary: Re-appointment of Dr. Raghavendra Rao Bondada as Director, liable to retire by rotation.
• Ordinary: Re-appointment of Mrs. Neelima Bondada as Director, liable to retire by rotation.
• Ordinary: Ratification of remuneration of Cost Auditor for FY 2026-27.
• Ordinary: Approval of Related Party Transactions with subsidiaries/related entities for FY 2026-27 within prescribed limits.
• Special: Appointment of Mr. P. Dinakara Rao as Independent Director.
• Special: Borrowing powers of the Board up to Rs. 10,000 crores.
• Special: Authority to create security/charge on Company properties.

Voting Results

• Voting results to be uploaded on the Company's and KFin's websites.

Dividend

• Final dividend of Rs 0.28 per equity share approved; aggregate ₹3.12 crores (14% of face value).

Director Changes

• Dr. Raghavendra Rao Bondada re-appointed as Director, liable to retire by rotation.
• Mrs. Neelima Bondada re-appointed as Director, liable to retire by rotation.
• Mr. P. Dinakara Rao appointed Independent Director.

Auditors

• Cost Auditor remuneration for FY 2026-27 ratified.

Related Party Transactions

• Approval of Related Party Transactions with subsidiaries/related entities for FY 2026-27 within prescribed limits.

Other Material Approvals

• Migration to Main Board (BSE/NSE) proposed.
• ESOP 2024: 78,000 shares allotted.

Order details

• Awarding entity: Leading telecom and energy EPC companies.
• Nature and scope: BESS projects totaling 200 MW / 400 MWh and 100 BSNL Towers.
• Contract value: ₹513.93 crore inclusive of taxes.
• Awarding entity is domestic.
• Execution: scheduled to be completed in FY 2026-27.
• Significant terms: setting up BESS and supply of 100 BSNL Towers.
• Promoter group interest: Yes; related party transactions involved.
• Impact: consolidated order book strengthened to ~₹10,023 crore, improving revenue visibility.

Order details

• Multiple Defence PSUs including BEL, DRDO, DRDL, SHAR and AVNL.
• Manufacture and supply of defence equipment materials via KCS Engineering Solutions.
• Total value Rs 2,10,15,743 including GST.
• Domestic entity.
• To be executed within six months.
• No promoter group interest in awarding entities.
• Not a related party transaction.
• Orders will be executed through KCS Engineering Solutions.
• Strengthens Bondada Group defence manufacturing capabilities; potential revenue visibility.
• Supports Atmanirbhar Bharat initiative.

Unaudited results approval

• Board approved unaudited standalone and consolidated Q1 30 June 2026 results.
• Results accompanied by certificate from MD and CFO.
• Board meeting held on 5 August 2026 from 1:15 PM to 2:10 PM.

AGM Details

• AGM date/time: 21 August 2026, 3:00 PM, via VC/OAVM.
• Venue deemed Corporate Office; meeting conducted through VC/OAVM.
• Record date/cut-off: 24 July 2026.
• Remote e-voting window: 18–20 August 2026; platform: KFintech.
• Scrutinizer: Vivek Surana & Associates.
• No proxies; Body Corporates may appoint authorized representatives to attend and vote.
• Notice available on company website and BSE site.
• Voting/participation details and login instructions to be provided with the Notice.

Resolutions to be Put to Vote

• Ordinary: Adoption of standalone and consolidated financial statements for the year.
• Ordinary: Declaration of final dividend of Rs 0.28 per share (aggregate Rs 312.68 lakhs).
• Ordinary: Re-appointment of Dr. Raghavendra Rao Bondada as Director liable to rotation.
• Ordinary: Re-appointment of Mrs. Neelima Bondada as Director liable to rotation.
• Ordinary: Ratification of remuneration of Cost Auditor for 2026-27 (Rs 1,00,000 plus taxes).
• Ordinary: Approval for related party transactions; 1-year term; caps: Rs 100 Cr (companies), Rs 5 Cr (directors).
• Special: Appointment of Mr. P. Dinakara Rao as Independent Director for five years; not liable to rotation.
• Special: Approval under section 180(1)(C) for borrowing powers up to Rs 10,000 crores.
• Special: Authority to create charge on assets to secure borrowings under section 180(1)(a).

Dividend

• Dividend proposed: final Rs 0.28 per equity share; aggregate Rs 312.68 lakhs.

Director Changes

• Proposed re-appointments: Dr. Raghavendra Rao Bondada and Neelima Bondada (retiring by rotation).
• Appointment of P. Dinakara Rao as Additional Independent Director from 24 July 2026 for five years.

Auditor/Remuneration

• Cost Auditor remuneration ratification: Rs 1,00,000 plus taxes and out-of-pocket expenses.

Material Related Party Transactions

• Approval sought for related party transactions with group entities and directors; terms are arm’s length and ordinary course; 1-year scope.

Other Material Approvals

• General enabling approvals for governance items; specific borrowings and security-related authorities are requested as above.

Voting Results

• Voting outcomes are not provided in this filing.

Acquisition details

• BDPL to acquire 75% stake in KCS Engineering Solutions; formation of BKCS Technologies Private Limited as subsidiary.
• Conversion plan: KCS Engineering Solutions to be converted into BKCS Technologies Private Limited, becoming BDPL’s subsidiary.
• Strategic objective: expand Bondada Group into defence, aerospace and advanced technology sectors.
• KCS has engagements with DRDO, ISRO, BEL, ECIL, BDL, NTRO and defence PSUs.
• No financial terms disclosed in the Business Acquisition Agreement.

Resolution details

• Special resolution for migration to BSE Main Board and listing on NSE Main Board.
• Subject to approvals and eligibility, migration becomes effective after stock exchange approvals.
• Condition: non-promoter votes in favour must be at least twice non-promoter against.
• Voting window: 28 July to 26 August 2026; results by 28 August 2026.
• Cut-off/date for eligibility: 24 July 2026; e-voting via KFin.
• Anticipated benefits: greater liquidity, visibility, and access to international investors.
• Migration does not automatically occur; subject to satisfaction of conditions.