Bhagawati Oxygen Ltd

Dematerialisation processing and depository substitution

• Dematerialisation requests have been processed; securities listed on the stock exchange where earlier issued securities are listed.
• The securities comprised in the certificate have been listed on the stock exchange.
• Physical certificates were mutilated and cancelled; depository substituted as registered owner within 15 days.

AGM Details

• Date and time: 28 September 2026, 3:00 PM
• Mode: Physical AGM at registered office; remote e-voting available
• Record date: 21 September 2026; shareholders on record: 7,313
• Shareholders present: Promoters 30, Public 52

Key Resolutions

• Adoption of audited financial statements for year ended 31 March 2026
• Re-appointment of Mrs. Jaya Sharma as director (retires by rotation)

Voting Results

• Resolution 1 passed; 1,288,137 in favour, 8 against
• Total votes polled: 1,288,145; 99.9994% in favour
• Resolution 2 passed; 1,288,137 in favour, 8 against

Director Changes

• Jaya Sharma retires by rotation; re-appointment approved

AGM Details

• AGM date 28 September 2026; time 3:00 PM to 4:10 PM; mode: hybrid (e-voting and ballot).

Key Resolutions

• Ordinary resolution: adoption of Audited Financial Statements for FY ended March 31, 2026.
• Ordinary resolution: re-appointment of director retiring by rotation.

Voting Results

• Resolution 1 passed with 99.9994% in favour, 0.0006% against.
• Resolution 2 passed with 99.9994% in favour, 0.0006% against.

Dividend

• No dividend proposed or declared.

Director Changes

• Re-appointment of director retiring by rotation at the AGM.

AGM details

• AGM held on 28 Sep 2026 at 03:00 PM in-person at registered office; remote e-voting enabled.
• Scrutinizer appointed; results to be declared by 29 Sep 2026.

Key resolutions

• Resolution 1 (Ordinary): Adopt Audited Financial Statements for FY 2025-26 — passed.
• Resolution 2 (Ordinary): Re-appoint Director retiring by rotation (Mrs. Jaya Sharma) — passed.

Voting/results

• Resolutions 1 and 2 both passed; no voting numbers disclosed.

Director changes

• Director re-appointment: Mrs. Jaya Sharma re-appointed.

Bhagawati Oxygen Limited trading window closed from October 1, 2026 till 48 hours after the declaration of the unaudited financial results for the quarter and half year ended September 30, 2026

Financial highlights

• Total income rose to Rs 51,695 thousand in FY2025-26.
• PBT stood at Rs 33,496 thousand; prior year Rs 5,091 thousand loss.
• PAT was Rs 32,681 thousand.
• EPS (basic/diluted) Rs 14.13.
• Dividend declared for the year: none.
• Arbitration settlement income recognized: Rs 35,056 thousand.
• Total assets at year-end: Rs 103,916 thousand.
• Total equity: Rs 72,522 thousand.
• Equity share capital: Rs 23,130 thousand.
• Cash and cash equivalents: Rs 222 thousand.
• Net debt: Rs -2,181 thousand.
• Current borrowings: Rs 9,141 thousand.
• Non-current borrowings: Rs 1,472 thousand.
• Net debt to equity: -0.03.

Segment performance

• Gases segment revenue: Rs 46,901 thousand.
• Power segment revenue: Rs 4,794 thousand.
• Total segment revenue: Rs 51,695 thousand.
• Gases segment profit: Rs 29,932 thousand.

Liquidity & leverage

• Current ratio 0.81; debt-to-equity 0.15.
• Total borrowings Rs 10,613 thousand.
• Liquidity: adequate reserves and facilities.

AGM & dividend

• AGM on 28 Sep 2026; adoption of accounts and reappointment of Jaya Sharma.

Governance & controls

• Auditors: Chaturvedi & Co. LLP; audit report unqualified.
• Secretarial audit by Rekha Goenka; board noted qualifications.
• Internal financial controls adequate and operating effectively.

Related party transactions

• Related party transactions were in ordinary course; not material.
• Balance payable to related parties Rs 5,383 thousand.

Outlook & risks

• Outlook remains positive; risks include material prices and power.
• GST tax demand Rs 783 thousand.

Book closure and AGM details

• AGM: 54th Annual General Meeting on 28 September 2026 at registered office.
• Book closure: 22 September 2026 to 28 September 2026, inclusive.
• Purpose: closure to facilitate AGM.
• Security type: equity shares.
• Scrip code: 509449.

AGM Details

• AGM on 28 September 2026 at 03:00 PM at the registered office.
• Mode: VC/OAVM attendance allowed for shareholders.

Ordinary Business

• Adopt audited financial statements for year ended 31 March 2026.
• Director to be re-appointed by rotation.

Voting & Access

• Remote e-voting from 25 September 2026 10:00 AM to 27 September 2026 5:00 PM IST.
• Voting during the AGM via VC/OAVM and at the meeting venue will be available.

Record Closure

• Register of Members and Share Transfer Books closed 22–28 September 2026.