The Company has submitted the standalone and consolidated un-audited financial results for the quarter ended 30th June 2025
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B.C. Power Controls' board, at its meeting on August 7, 2025, approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. The auditor (Gaur & Associates) issued an unmodified limited review report with no qualifications. Separately, the board approved full disinvestment of its stake in wholly owned subsidiary Proxima Industries Pvt Ltd for a total consideration of Rs. 10 lakhs, with the buyers being directors Chander Shekhar Jain and Nitin Aggarwal (50:50 split). The subsidiary contributed just 4.24% to the group's networth and zero revenue, and earned only Rs. 5.52 lakh in revenue and Rs. 0.03 lakh in net profit during the quarter. The transaction qualifies as a related party deal.
The subsidiary being sold was a non-contributing, non-material entity, so the financial impact is minimal for shareholders. However, the fact that two directors are personally buying the subsidiary at fair value is a notable related party transaction worth tracking. Investors should review the detailed quarterly numbers when filed for actual revenue and profit trends.