Bright Brothers Ltd

Bright Brothers Limited: Trading window closed from 1 October 2026 till 48 hours after declaration of unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.

AGM Details

• Date and time: 18 September 2026, 11:30 a.m.
• Mode: Physical meeting.
• Venue: Walchand Hirachand Hall, Mumbai.
• Record date: 18 August 2025.
• Notice dispatched to members on 25 August 2026.

Key Resolutions

• Adoption of standalone and consolidated financial statements for FY2025-26.
• Dividend declaration on equity shares for FY2025-26.
• Re-appointment of Devika Bhojwani as Whole-time Director.
• Ratification of remuneration to Cost Auditors for FY2025-26.
• Re-appointment of Kuchimanchi Viswanath as Independent Director.
• Re-appointment of Karan Bhojwani as Whole-time Director and remuneration.

Voting Results

• All resolutions passed with requisite majority; no votes against recorded.
• Abstentions were not included in votes cast.

Dividend

• Dividend declared on equity shares for FY2025-26; amount not disclosed.

Director Changes

• Devika Bhojwani re-appointed as Whole-time Director.
• Kuchimanchi Viswanath re-appointed as Independent Director.
• Karan Bhojwani re-appointed as Whole-time Director; remuneration approved.

Auditors

• Remuneration for Cost Auditors for FY2025-26 ratified.

Re-appointment of Independent Director

• Change type: Re-appointment of Independent Director Mr. Kuchimanchi Viswanath.
• Reason: Re-appointment as Independent Director.
• Name and role: Mr. Kuchimanchi Viswanath, Independent Director.
• Term details: Five-year term from 27 May 2027 to 26 May 2032.
• Profile: Chartered Accountant, ICAI fellow; IIA certified; IIM Ahmedabad program; governance and audit expertise.
• Relationship disclosures: No inter-se relationship with other directors.
• Eligibility: Not debarred by SEBI or any authority.
• Approval: Special resolution approved at AGM on 18 Sep 2026.

Director reappointment

• Type: Re-appointment of Karan Bhojwani as Whole-time Director.
• Designation: Whole-time Director, Bright Brothers Limited.
• Effective term: 1 April 2027 to 31 March 2032 (5 years).
• Reason: AGM-approved re-appointment at the 79th AGM.
• Profile: Associated with the company since 2003 with extensive industry knowledge.
• Education: Studied Business Management at Bryant College and IB at United World College, Singapore.
• Relationships: Son of Suresh Bhojwani (Chairman & MD) and Devika Bhojwani (WTD).
• Compliance: Not debarred from holding directorship by SEBI or other authorities.
• Approval: Shareholders approved via special resolution on 18 September 2026.
• Impact: No changes to board/committee disclosed.

AGM details

• Date and time: 18 September 2026 at 11:30 a.m. IST.
• Mode and venue: physical meeting at Walchand Hirachand Hall, IMC Marg, Churchgate, Mumbai.
• Duration: meeting from 11:30 a.m. to 12:20 p.m.

Key resolutions

• Adopt standalone financial statements for year ended 31 March 2026 (passed).
• Adopt consolidated financial statements for year ended 31 March 2026 (passed).
• Declare dividend on equity shares for FY2025-26 (passed).
• Re-appoint Mrs. Devika Bhojwani as Whole-time Director liable to retire by rotation (passed).
• Ratify remuneration to Cost Auditors for FY2026-27 (passed).
• Re-appoint Mr. Kuchimanchi Viswanath as Independent Director (passed).
• Re-appoint Mr. Karan Bhojwani as Whole-time Director with remuneration (passed).

Auditor matters

• Cost Auditor remuneration for FY2026-27 ratified (passed).

Financial performance

• Standalone revenue from operations: 35,018 lakh; Consolidated: 37,504 lakh.
• Standalone PBT: 885.86 lakh; PAT: 774.15 lakh; Consolidated PBT: 703.51 lakh; PAT: 591.80 lakh.
• Standalone EPS: 13.63; Consolidated EPS: 10.42.
• Dividend proposed: final dividend Rs 2.00 per share.
• Operating cash flow: Standalone 1,505.39 lakh; Consolidated 1,203.20 lakh.

Dividend & capital allocation

• Final dividend of Rs 2.00 per share proposed; AGM approval required.
• Standalone dividend cash outflow about Rs 11.36 lakh.

Capital structure & liquidity

• Total borrowings (standalone) 4,792.48 lakh; undrawn WC facilities 2,502.54 lakh.
• Debt-to-equity ratio 1.24; adjusted net debt to equity 1.16.
• Cash & cash equivalents: Standalone 739.28 lakh; Consolidated 888.17 lakh.

Subsidiaries & group structure

• Two US subsidiaries: Bright Brothers LLC and Sintex Logistics LLC; 100% owned.
• Bright Brothers LLC: turnover Nil; PBT -20.45; PAT -20.45.
• Sintex Logistics LLC: turnover 3,119.79; PBT -170.04; PAT -170.04.
• Consolidated results include subsidiaries; presently no material subsidiary.

Governance & risk

• Statutory auditors GMJ & Co; no qualifications; internal controls adequate.
• BSE waiver for Regulation 17(1) fine; waiver approved March 18, 2026.
• Board comprises three independent directors; independent directors registered with IICA.

CSR & compliance

• CSR spend 2.75 lakh; 0.99 lakh annual CSR obligation; excess carry-forward 5.64 lakh.
• CSR policy and nomination policy published on company website.

AGM & regulatory disclosures

• AGM scheduled for 18 Sep 2026; e-voting window 15-17 Sep 2026.
• Notice and annual report circulated electronically; available on company and BSE websites.

Outlook & risks

• Management focuses on automotive and composite expansions; diversifying domestic and international customers.
• Anticipated risks include higher raw material costs, supply-chain disruptions, and geopolitical factors.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved, with limited review reports.
• Auditors issued unmodified opinions on standalone and consolidated results.

Merger and structural changes

• Commencement of merger between Bright Brothers LLC and Sintex Logistics LLC approved; no cash or share exchange.
• Change in name of Sintex Logistics LLC to Bright Composites LLC after merger.

Regulatory disclosures

• Annexure A provides SEBI LODR disclosures accompanying the results.
• Transaction between wholly-owned subsidiaries exempt from related party; not a RPT.

Audit scope notes

• Not reviewed for certain subsidiaries; not material to the group.

Meeting Details

• Board meeting scheduled for Tuesday, 11 August 2026; time and venue not disclosed.

Key Agenda Items

• Approval of unaudited standalone and consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window will open 48 hours after declaration of the results on 11 August 2026.