Bharatiya Global Infomedia Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
Awaiting price reaction for this filing.
Bharatiya Global Infomedia's board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations was nil (vs ₹2 lakh in Q1 FY25), while total expenses rose to ₹31.70 lakh, widening the loss after tax to ₹33.48 lakh from ₹24.31 lakh a year ago. On a consolidated basis, total revenue was ₹3.99 lakh, expenses were ₹49.17 lakh, and the loss after tax stood at ₹43.77 lakh. The auditor flagged major concerns: no CFO since May 2018, non-filing of annual returns for six years (FY19–FY24), irregular GST/TDS filings, irregular statutory payments, and unprovided liabilities of ₹5.40 crore in inter-corporate deposits plus a ₹6 crore SEBI penalty. The board also accepted a request from Mr. Gaurav Bhatia to reclassify his shareholding from promoter status.
The company continues to post widening losses with essentially no operating revenue, and the auditor's caveats around governance gaps, pending SEBI penalties, and missing compliance filings point to serious financial and regulatory risk for shareholders. The stock likely faces continued pressure and warrants caution given the going-concern indicators.