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's board met on August 14, 2025 (3:00 PM to 11:00 PM) and approved unaudited financial results for the quarter ended June 30, 2025, along with a massive catch-up filing of unaudited quarterly results spanning from June 30, 2017 through March 31, 2024. The company emerged from the IBC liquidation process in early 2025, with new management taking control. The back-filed FY24 results reveal a net loss of approximately Rs. 2,52,210 lakhs (Rs. 2,522 crore), driven largely by exceptional write-offs of Rs. 2,09,644 lakhs in closing stock, Rs. 28,994 lakhs in fixed assets, and Rs. 8,846 lakhs in work-in-progress. Revenue from operations has effectively collapsed to near zero, reserves are deeply negative at Rs. (8,05,107) lakhs, and shareholders' funds stand at Rs. (7,99,727) lakhs. The new statutory auditors, AK Kocchar & Associates, explicitly stated they did NOT conduct a review per SRE 2410 standards and disclaimed any audit opinion or review conclusion, noting that the statutory audit for FY24 was never originally conducted.
This is a deeply distressed micro-cap stock emerging from liquidation under new management. The back-filed results show a company with near-zero operations, catastrophic losses, and negative net worth — the auditors disclaim any opinion, making these numbers unverified. Extreme caution is warranted; this is effectively a shell-like situation where the stock's value depends entirely on the new management's ability to restart operations.