Outcome of Board Meeting Held on February 13, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bhagawati Gas reported unaudited results for Q3 FY26 and the nine months ended December 31, 2025. The company posted a loss after tax of Rs 24.76 lakhs in Q3 (vs a loss of Rs 23.17 lakhs in Q2 FY26), bringing the 9-month loss to Rs 75.90 lakhs compared to a profit of Rs 151.74 lakhs in the same period last year. Revenue from operations was almost negligible at Rs 0.38 lakhs for the quarter (vs Rs 12.24 lakhs in Q2) and Rs 21.34 lakhs for 9M FY26 (down from Rs 25.30 lakhs in 9M FY25). Other equity has turned negative at Rs (281.14) lakhs, meaning accumulated losses have wiped out the company's reserves. The statutory auditor, M/s Jain Paras Bilala & Co., issued a Qualified Review Report flagging multiple concerns: Rs 231.48 lakhs in advances to material/service providers without supporting documents, Rs 79.10 lakhs in doubtful property advances with no expected credit loss provision, missing bank statement for ICICI Bank, a Rs 235.23 lakhs disputed machinery payable unresolved since 1994, unconfirmed current borrowings of Rs 27 lakhs, and Rs 48.35 lakhs of unverified old income tax receivables. This is the second consecutive quarter with a qualified auditor conclusion.
Persistent quarterly losses combined with negative shareholder equity indicate serious financial strain and raise going-concern questions. The repeated qualified audit opinion, with multiple unreconciled and unconfirmed balances, signals weak internal controls and may weigh on the stock and on lender/investor confidence.