Unaudited Financial Results for the second quarter and half year ended 30th September, 2025
BENGALASM · price
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Bengal & Assam Company Ltd filed its unaudited standalone and consolidated financial results for Q2 FY26 and the half year ended September 30, 2025, approved by the Board on November 11, 2025. A major event was the Composite Scheme of Arrangement becoming effective on June 17, 2025, under which Umang Dairies Limited's (UDL) dairy business was demerged into wholly-owned subsidiary Panchmahal Properties Limited (PPL), and UDL's residual business was merged into BACL — with retrospective effect from April 1, 2023. As a result, comparative figures for Q2 FY25 and H1 FY25 have been restated. Under the scheme, 1,07,571 fresh equity shares were allotted to UDL shareholders and listed from September 24, 2025. V. Singhi & Associates issued an unqualified limited review report on both standalone and consolidated results, but included an explicit Emphasis of Matter paragraph drawing attention to Note 2 describing the scheme. Consolidated H1 FY26 profit before tax stood at around Rs. 29,997 lakhs versus Rs. 22,746 lakhs in the restated H1 FY25.
The demerger-merger reshapes BACL's business mix (away from direct dairy operations, retaining listed stakes in JK Group companies like JK Tyre, JK Paper, JK Lakshmi Cement). Shareholders should expect ongoing restructuring noise and restated comparisons but the unaudited review was clean barring the Emphasis of Matter disclosure, which is informational rather than a red flag.