Bharati Defence and Infrastructure Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
Awaiting price reaction for this filing.
Bharati Defence and Infrastructure Limited (formerly Bharati Shipyard) submitted unaudited financial results for the quarter ended June 30, 2025, along with a retrospective compilation of unaudited quarterly results from June 2017 through March 2024. The company went through Corporate Insolvency Resolution Process (CIRP) from FY16 to FY20, entered liquidation from FY20 to 2024, and was formally handed over to new management after liquidation concluded in January 2025. Historical numbers show severe financial distress: revenue from operations collapsed from ₹283.91 lakhs in FY21 to just ₹13.81 lakhs in Q3 FY22, with net losses of ₹(8,161.83) lakhs in FY21 and continuing large losses thereafter. The statutory auditors issued a highly qualified/disclaimer report stating the review was not conducted per ICAI standards, the FY22 statutory audit was never done, and they disclaim liability for the financial information presented.
This is a deeply negative filing — the company just emerged from insolvency and liquidation, has massive accumulated losses wiping out reserves (negative ₹5,12,687.61 lakhs as of FY21), negligible current revenue, and auditors refusing to stand behind the numbers. Existing shareholders face extreme risk; the stock is likely a penny shell with very high speculation risk and no reliable financial track record.