Bharati Defence and Infrastructure Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
Awaiting price reaction for this filing.
Bharati Defence and Infrastructure Limited held its 48th AGM on September 30, 2025 via video conferencing, attended by 35 members and 4 directors. The company, which recently emerged from Corporate Insolvency Resolution Process (CIRP) with NCLT approving its sale as a going concern on August 29, 2024 and liquidation closing on January 14, 2025, is now under new management. For FY 2024-25, the company reported a net profit and EBITDA of ₹1,428.58 lacs, a major swing from a loss of ₹2,52,210.25 lacs in the prior year, though revenue came mainly from selling scrap and non-operational assets rather than core business. Shareholders approved adopting FY25 financial statements, re-appointing A K Kocchar & Associates as statutory auditors for 5 years, appointing C.B. Jain & Associates as secretarial auditors for 5 years, and regularizing two independent directors.
This is a significant turnaround moment — the company moved from massive losses and insolvency to profitability, but shareholders should note that core defence and shipbuilding operations have not yet restarted and current earnings come from asset sales. The AGM was largely procedural with no shareholder questions, and the focus will now be on whether the new management can resume core operations and deliver sustainable growth.