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 has filed unaudited financial results for the quarter ended June 30, 2025, along with a long back-fill of unaudited results covering quarters from June 2017 through March 2024. The company went through a failed restructuring under IBC from FY16 to FY20, then liquidation until early 2025, after which new management took control. The attached Limited Review Report covers the quarter ended June 30, 2021, when the company reported total revenue of just ₹41.31 lakhs but a net loss of ₹1,222.34 lakhs (EPS of negative ₹2.43) against paid-up equity of ₹5,029.89 lakhs. The statutory auditor (AK Kocchar & Associates) explicitly stated they did not conduct the review in line with ICAI standards and relied solely on information provided by management, while also noting that the statutory audit for FY 2021-22 was never carried out.
This is a deeply distressed, recently re-listed stock where financial history is incomplete and unaudited. The auditor's explicit disclaimer that no proper review was performed is a serious red flag — the published numbers should not be relied on for investment decisions. Shareholders should expect continued volatility and very high risk.