Revised outcome - Revised/Re-stated Financial Results for the financial year ended 31st March, 2025 after giving impact of the Scheme of Arrangement which become effective 17th June, 2025
BENGALASM · price
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Bengal & Assam Company Ltd has filed revised/re-stated standalone and consolidated audited financial results for the financial year ended 31 March 2025. The revision incorporates the impact of a Scheme of Arrangement among Umang Dairies Ltd (UDL), BACL, and Panchmahal Properties Ltd (PPL), sanctioned by NCLT benches at Kolkata and Allahabad on 22 and 26 May 2025 and effective 17 June 2025. Under the scheme, UDL's dairy business was demerged into PPL and UDL's residual business was amalgamated into BACL, with retrospective effect from 1 April 2023. On a consolidated basis, total assets rose to Rs. 11,36,806 lakhs from Rs. 10,47,056 lakhs, while net profit before tax stood at Rs. 40,021 lakhs versus Rs. 4,10,924 lakhs in FY24 (FY24 included exceptional items of about Rs. 2,89,928 lakhs). The Board also recommended a dividend of 50 paise per equity share, and 1,07,571 new BACL shares were allotted to UDL shareholders on 7 July 2025. Auditor V. Singhi & Associates issued an unqualified opinion with an Emphasis of Matter paragraph on the scheme.
The restated numbers better reflect the combined group's position after the restructuring but are not directly comparable to previously reported figures; the small share issuance (1,07,571 shares) causes minimal dilution, and no immediate price catalyst is expected though investors should study the revised consolidated numbers carefully.