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 held a board meeting on August 14, 2025, and submitted unaudited financial results that include both the latest quarter (Q1 FY26) and a long-overdue set of historical results covering every quarter from June 2017 to March 2024. The historical figures reveal that the company had been bleeding heavily during the IBC/liquidation era — for FY 2020-21, revenue from operations was just Rs 283.91 lakhs while total expenses were Rs 8,694.59 lakhs, producing a loss before tax of Rs 8,161.83 lakhs and EPS of Rs (16.23). Shareholders' funds are deeply negative at Rs (5,07,307.48) lakhs, with reserves of Rs (5,12,687.61) lakhs. The newly appointed statutory auditor, AK Kocchar & Associates, explicitly stated they did not conduct a review in accordance with ICAI standards, the FY 2020-21 statutory audit was never completed, and records are incomplete due to non-cooperation of the erstwhile management during the CIRP and liquidation process. Liquidation was formally concluded in January 2025 and control has been transferred to new management.
This filing is essentially a cleanup exercise after the company's liquidation concluded — shareholders should note that the historical results confirm massive accumulated losses and a deeply negative net worth, and the auditor has disclaimed providing any assurance on the numbers. The stock remains a distressed, thinly-traded counter; any value recovery thesis depends entirely on what the new management does with the company post-liquidation, not on these legacy results.