Due to minor inadvertent error the company is filing with Corrigendum for Audited Financials Results for 31st March 2025.
Awaiting price reaction for this filing.
Bijoy Hans (now renamed Arvaya Healthcare, effective May 11, 2026) has filed a corrigendum to correct an inadvertent error in the Earnings Per Share figure (Sl. No. XIV) in both standalone and consolidated audited results for FY25-26, originally submitted on May 28, 2026. During the year, the company acquired three wholly-owned subsidiaries — Health Secure Hospitals, Arvaya Health & Wellness, and Tec-Pool Solutions — for a combined ₹60.65 crores, settled largely via share swap at ₹12.50 per share. On a standalone basis, the company swung to a net loss of ₹119.73 lakhs (vs profit of ₹13.61 lakhs prior year); on a consolidated basis, revenue from operations jumped to ₹911.33 lakhs and net profit rose to ₹90.38 lakhs, driven by the new subsidiaries. Consolidated total assets expanded from ₹358.96 lakhs to ₹14,062.40 lakhs, including provisional goodwill of ₹203.23 lakhs. Operating cash flows were deeply negative on both standalone (₹788.99 lakhs) and consolidated (₹327.56 lakhs) bases.
The corrigendum is a routine administrative EPS correction with no material impact on fundamentals. However, shareholders should note the dramatic balance-sheet and earnings transformation is inorganic — driven by three large subsidiary acquisitions rather than organic growth — and persistent negative operating cash flows means the new subsidiaries will need to be monitored closely for cash-generation capability.