BMW Industries has informed that the Board of Directors of BMW Industries (‘the Company’) in its meeting held at the Registered Office of the Company on Wednesday, May 15, 2024 has considered & approved The Audited standalone and consolidated Financial Results of the Company for the Quarter and year ended March 31, 2024 along with Auditor’s Report on Standalone and consolidated Financial Results; Final Dividend of Rs 0.21 (at the rate of 21%) per Equity Shares of Rs. 1 each fully paid up (subject to deduction of tax, if any) on 22,50,86,460 numbers of Equity Shares of the Company, for the FY 2023-24 has been recommended by the Board of Directors which shall be subject to the confirmation by Shareholders in the ensuing Annual General Meeting of Company; The Board of Directors have approved Merger and Amalgamation of the Company with its wholly owned subsidiaries Bmw Iron & Steel Industries and Nippon Cryo, by way of merger procedure under section 230 to 232 of the Companies Act, 2013 and other relevant provisions of Companies Act and Securities and Exchange Board of India, Regulations; Appointment of MKB & Associates, Practicing Company Secretaries (Firm Registration No: P2010WB042700) as the Secretarial Auditor of the Company for the Financial Year 2024-25; Appointment of Sohan Lal Jalan & Associates, Practising Cost & Management Accountants (Firm Registration No: 000521) as the Cost Auditor of the Company for the Financial Year 2024-25 at a remuneration of Rs 1,18,000 (including tax) subject to ratification by the Members of the Company at the ensuing Annual General Meeting.
The above information is a part of company’s filings submitted to BSE.
