Bombay Cycle & Motor Agency Ltd — Others, 11-07-2025: AGM/EGM

Bombay Cycle & Motor Agency Ltd. has announced a board meeting on August 6, 2025, to consider the financial results for the quarter and half-year, declare a final dividend of ₹5 per equity share, reappoint Mr. Chakor L. Doshi as director, appoint M/s. L M R A and Associates as statutory auditors for five years, and reappoint Mr. Chirag C. Doshi as Chairman & Managing Director for five years without remuneration. The board will also seek approval for loans, investments, guarantees up to ₹50 Cr, appointment of secretarial auditors, and a material related party transaction involving its wholly owned subsidiary Walchand Advanced Composites Pvt. Ltd. and group company Walchandnagar Industries Ltd. for ₹2.736 Cr plus GST.

For FY 2024-25, standalone revenue was ₹12.03 Cr with a profit after tax of ₹2.68 Cr, down from ₹3.41 Cr last year. Consolidated revenue was ₹12.37 Cr with a loss after tax of ₹3.09 Cr versus a profit of ₹3.13 Cr previously, impacted by the full consolidation of its subsidiary acquired during the year. The company’s Auto division contributed higher profits despite lower revenue than the Hospitality division. The board proposes a final dividend payout of ₹20 Lacs, subject to shareholder approval. The company maintains strong internal controls, with no reported frauds or regulatory non-compliance. Key managerial personnel include Mr. Chirag C. Doshi (CMD), Mr. Mahendra J. Kharwa (CFO), and Ms. Nidhi Agarwal (Company Secretary).