Enclosed herewith Audited Financial Results for the quater and year ended on March 31, 2026

Bharat Agri Fert & Realty reported a net loss of Rs 503.04 Lakhs for FY26, a sharp reversal from a profit of Rs 91.53 Lakhs in FY25. Revenue from operations declined to Rs 2,248.48 Lakhs from Rs 2,534.90 Lakhs (approx 11% decline). The Fertiliser segment recorded NIL capacity utilisation and a loss of Rs 306.87 Lakhs. The auditors issued a QUALIFIED OPINION citing two issues: (1) old overdue trade receivables of Rs 10.21 Crores not provided for (departure from Ind AS), and (2) no impairment study done for the Fertiliser segment's Property, Plant & Equipment despite significant losses and nil capacity utilisation. Additionally, the company has sub judice matters involving short receipt of TDR (Rs 1.16 Crores) and maintenance charges payable (Rs 0.33 Crores). The resort division was the only profit contributor with revenue of Rs 1,921.87 Lakhs. Total assets grew to Rs 2,420.92 Lakhs from Rs 1,467.76 Lakhs, largely due to construction work-in-progress (Rs 3,034.20 Lakhs).