Bharatiya Global Infomedia Limited has informed the Exchange regarding Outcome of Board Meeting held on May 29, 2026.
Awaiting price reaction for this filing.
Bharatiya Global Infomedia Limited reported audited financial results for FY 2025-26 ending March 31, 2026. The company posted standalone revenue of Rs 27.25 Lakhs with a net loss of Rs 447.70 Lakhs, a dramatic reversal from profit of Rs 316.65 Lakhs in the prior year. The auditor's report raised an Emphasis of Matter flagging two critical issues: non-provision of Rs 5.40 Crores inter-corporate deposits plus accrued interest (which artificially inflated profits) and non-provision of Rs 6 Crores SEBI penalty. Additionally, the company has failed to file Annual Returns for 7 consecutive years (FY 2018-19 to FY 2024-25) and is irregular in GST and TDS filings. Operating cash flow was negative at Rs 134.20 Lakhs for standalone. The board also appointed Mr. Deepak Srivastava as Independent Director and Jamuna Prasad Sharma as CFO. SEBI matters remain pending with appeals filed.
The company is loss-making with negative operating cashflow and faces significant contingent liabilities from undisclosed ICD amounts and unprovisioned SEBI penalty. The auditor's Emphasis of Matter without modifying the opinion indicates serious governance and compliance concerns. Shareholders should exercise caution given regulatory non-compliance and financial deterioration.