Enclosed herewith Outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bharat Agri Fert & Realty Ltd's board approved unaudited financial results for Q3 FY26 (Dec 31, 2025) and the 9-month period ended Dec 31, 2025 on February 13, 2026. The company posted a net loss of Rs. 387.88 lacs in Q3, widening from Rs. 204.12 lacs in the prior quarter, with total income at Rs. 548.46 lacs. For the 9 months, total income declined to Rs. 1,797.32 lacs versus Rs. 2,042 lacs a year earlier, with a net loss of Rs. 625.83 lacs. The meeting was held only by Independent Directors because Chairman and Managing Director Yogendra Patel passed away on February 11, 2026 in Houston, USA, and other Executive Directors were unavailable. The auditor issued a qualified review report, flagging Rs. 10.34 crores of unprovided old overdue trade receivables and noting that the Fertiliser segment has effectively zero capacity utilization with no impairment study done.
Sharpening quarterly losses, the sudden death of the CMD, and a qualified auditor's opinion on bad debts and the fertiliser unit are clear negatives for shareholders and may pressure the stock. Offsetting positives include higher government SSP subsidy from October 2025, expansion of the Anchaviyo Resort to 236 keys, and an additional Rs. 15 crore loan sanctioned for the Wembely-60 Thane project.