Bharatiya Global Infomedia Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Awaiting price reaction for this filing.
Bharatiya Global Infomedia Limited reported audited financial results for FY 2025-26 (year ended March 31, 2026). The company posted consolidated revenue of Rs 45.28 lakhs with a net loss of Rs 445.93 lakhs (PAT negative), compared to a loss of Rs 152.95 lakhs in the previous year. The auditors issued an 'Emphasis of Matter' highlighting three serious concerns: (1) non-provision of Rs 5.40 crore in inter-corporate deposits plus accrued interest, which artificially inflated profits by that amount, (2) non-provision of Rs 6 crore SEBI penalty, and (3) non-submission of Annual Returns for 7 consecutive financial years (FY 2018-19 to FY 2024-25). The company also admitted to irregular GST and TDS filing. Board appointed Mr. Deepak Srivastava as Independent Director and Jamuna Prasad Sharma as CFO.
The combination of widening losses, negative operating cash flows, and serious auditor concerns about non-provisioning creates significant governance and financial risk. The company appears to be avoiding provisioning for known liabilities, which overstates profits. This raises going concern doubts and regulatory compliance issues for shareholders.