Outcome of the Meeting of the Board of Directors of the Company held on Thursday, May 28, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Balurghat Technologies Ltd reported audited financial results for FY ended March 2026. Revenue grew 38% to Rs 12,008.08 lakhs from Rs 8,700.58 lakhs, but net profit declined 74% to Rs 54.85 lakhs from Rs 210.82 lakhs due to weak Q3 performance (Rs -310.68 lakh loss). Q4 showed strong recovery with net profit of Rs 461.08 lakhs. The company received an unmodified (clean) audit opinion. The Board appointed Mrs. Shweta as Additional Independent Director and accepted resignation of Mrs. Geetika Khandelwal, reconstituting Audit, NRC and SRC committees. Significant pending litigations include a Rs 2.39 crore NCLT claim by an asset reconstruction company and Rs 57.83 crore IDBI Bank corporate guarantee matter.
Revenue growth of 38% is positive, but the 74% decline in full-year profit and negative operating cash flow of Rs 442.90 lakhs are concerning. Shareholders should monitor the company's ability to sustain profitability given significant contingent liabilities of Rs 59.28 crore.