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 (formerly Bharati Shipyard) submitted long-pending unaudited financial results at its August 14, 2025 board meeting. The filings cover Q1 FY26 (quarter ended June 30, 2025) along with a back-series of quarterly/half-yearly results from June 2017 through March 2024 — periods during which the company was under CIRP and then liquidation (formally concluded in January 2025). The statutory auditor for FY24 was never appointed, and those books were never audited. New auditor AKK Occhar & Associates was appointed only on January 23, 2025. The Limited Review Report explicitly states the review was not performed per SRE 2410 standards — i.e., it does not carry normal auditor assurance. Financials show deeply negative shareholders' equity of roughly ₹(5,58,040) lakhs as of September 2023, a full-year FY24 net loss of about ₹(36,209) lakhs (EPS of ₹(377.34)), and negative operating cash flow of ₹(9,179) lakhs in H1 FY24.
This is primarily a compliance catch-up filing after years of non-reporting during insolvency — not a fresh earnings beat. The auditor's disclaimer (no SRE 2410 review, unaudited historicals, missing FY24 statutory audit) means the numbers carry limited reliability, which may keep the stock under a cloud. Shareholders should treat the historical figures with caution until full audited accounts are available under the new management.