Financial Result for the 30th June, 2021
Awaiting price reaction for this filing.
Bharati Defence and Infrastructure Ltd has filed its unaudited financial results for Q1 FY22 (quarter ended June 30, 2021) with a delay of over four years, filed on August 14, 2025. The company reported revenue from operations of Rs. 41.31 lakhs and a net loss of Rs. 1,222.34 lakhs for the quarter. The company was under Corporate Insolvency Resolution Process (CIRP) and then liquidation from FY 2019-20 to 2024, with liquidation formally completed in January 2025 and new management taking over. The statutory auditors (Kocchar & Associates) explicitly stated they did NOT conduct a review in accordance with ICAI standards, noting that the statutory audit for FY 2021-22 was never conducted and that financial records were incomplete and inconsistent. Accumulated reserves stand at a deeply negative Rs. 5,12,687.61 lakhs as of March 31, 2021.
This is a deeply concerning filing — the auditor disclaimed any meaningful review, the company emerged from a failed insolvency and liquidation process with massive negative reserves, and operational revenue is negligible. Shareholders should view this as a very high-risk situation with significant going-concern doubts; the stock is likely speculative and illiquid.