The Board at its meeting held today i.e Friday, 14th November, 2025, which commenced at 03.30 P.M. and concluded at 05.00 P.M. inter alia, considered and approved Un-audited Financial Results ....
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Bhagawati Oxygen's Board approved unaudited financial results for Q2 and H1 FY26 (ended 30 September 2025) on 14 November 2025. Revenue from operations fell sharply to Rs 43.55 lakhs in H1 FY26 from Rs 81.00 lakhs in H1 FY25, a decline of about 46%. The company continued to report a net loss for the half year, though Q2 FY26 turned profitable at the segment level. The auditor (Chaturvedi & Co. LLP) issued an unqualified limited review report. The gas supply contract with Hindustan Copper Ltd expired in October 2021 and remains unrenewed, keeping the gas plant shut; arbitration proceedings are ongoing, with Rs 7.42 crores secured under a court order and further disputes referred to a sole arbitrator.
Shareholders should note the continued revenue contraction and persistent losses amid a closed gas plant and unresolved HCL arbitration. Tight cash position (cash and equivalents of just Rs 0.64 lakhs) raises near-term liquidity concerns, though the arbitration award recovery could provide a meaningful cash inflow.