Bondada Engineering Announces 14% Final Dividend and Approves Major Corporate Structure Changes

Bondada Engineering Announces 14% Final Dividend and Approves Major Corporate Structure Changes​

Bondada Engineering Ltd announced several key decisions following the meeting of its Board of Directors held on July 24, 2026. The board reviewed critical financial reports, recommended a significant final dividend payout, and approved strategic authorizations regarding company structure and growth, including a potential increase in borrowing power up to Rs. 10,000 Crs.

Among the material decisions taken by the Board were the approval of the Director's Report and the Cost Auditor's Report for the financial year ending March 31, 2026. The board also recommended the declaration of a final dividend amounting to 14% for the Financial Year 2025-26. Furthermore, the company fixed August 14, 2026, as the Record Date for determining shareholder entitlement for this final dividend payment.

Key Corporate Appointments and Approvals​

The meeting also addressed various auditing and governance matters:

• Auditors: The Board approved the Cost Auditor's Report and authorized the opening of the final Dividend Account for FY 2025-26. It also approved the appointment of a Secretarial Auditor to conduct the audit for five years, starting from FY 2026-27.
• Internal Audit: The appointment of an Internal Auditor for the Financial Year 2026-27 was also approved.
• Powers and Securities: The company approved proposals before its Members regarding borrowing powers under Section 180(1)(c) of the Companies Act, 2013, up to Rs. 10,000 Crs, as well as the creation of security under Section 180(1)(a) of the Companies Act, 2013.
• Fundraising: The board authorized the company to raise funds through the issuance of Non-Convertible Debentures (NCDs) or other suitable options up to INR 500Crs, subject to shareholder approval.

Listing Migration and Governance Changes​

A significant item approved was the migration of the equity shares from the SME Platform of BSE Limited to the Main Board of BSE Limited and the National Stock Exchange of India Limited (NSE). This transition is subject to the approval of members through a special resolution via Postal Ballot, with the corresponding record date set at July 24, 2026.

The board appointed Vivek Surana & Associates, a Practicing Company Secretary, as the Scrutinizer for e-voting during the Annual General Meeting (AGM) and for the Postal Ballot related to the listing migration. M/s KFin Technologies Limited (KFintech) was also appointed as the E-Voting Agency for both the AGM and the Postal Ballot.

The Notice of the AGM, scheduled for August 21, 2026, was approved for seeking consent on all matters set forth in the notice.

Appointment of Additional Independent Director​

Mr. Dinakara Rao Pasupuleti was appointed as an Additional Independent Director to hold office until the ensuing Annual General Meeting. His appointment comes amidst the company's transition from SME to Main Board status.

Mr. P. Dinakara Rao, who holds a Postgraduate Degree in Applied Economics and has over four decades of experience in the banking and financial services sector, is a distinguished professional and author. He gained extensive expertise across areas including Corporate Credit, Personnel Management, and Human Resources Development. Mr. Rao served as Chief General Manager at State Bank of Hyderabad before retiring in 2005. Post retirement, his contributions have included serving as a Director of The Alpha Foundation and providing strategic guidance to Max Wealth Trust. Furthermore, he has served as an Arbitrator on panels for the National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE) and National Commodity & Derivatives Exchange (NCDEX).

Stock Price Movement​

As of 13:27, Bondada Engineering Ltd is ticking up at ₹310.40 after gaining 1.45% on the day. The shares traded within a strong intraday range, hitting lows near ₹306.90 before testing highs of ₹314.50.