The Board of Directors of Bhavik Enterprises Limited in its Board Meeting held today i.e. 10.11.2025 have inter alia considered and approved the following: 1. Un-audited financial results ....
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The board approved un-audited financial results for the half year ended 30 September 2025. Revenue from operations grew about 16% year-on-year to Rs 29,428 lakhs, driven by higher volumes and new customers. However, profit after tax fell sharply to Rs 426.43 lakhs from Rs 655.14 lakhs in the same period last year, as other income dropped and purchase costs rose. The auditor (M Parashar & Company) issued an unqualified limited review report. The company recently completed its IPO on 30 September 2025, raising Rs 6,300 lakhs and listing on the BSE SME platform on 6 October 2025, with net proceeds of Rs 5,460 lakhs. The board also accepted the resignation of CFO Anish Shah (personal reasons) and appointed K.P. Ravichandran, a senior managerial personnel with over 25 years of finance experience, as interim CFO with immediate effect.
Mixed signals for shareholders: top-line growth is healthy post-IPO but bottom-line is under pressure from higher input costs and weaker other income. The interim CFO appointment from within the company should ensure continuity, though the sudden CFO exit may raise short-term governance questions.