In compliance with Regulation 30 of SEBI LODR Regulations, we wish to inform that the Board of Directors of the company at their meeting held today i.e., May 27, 2026, has inter alia approved ....
Awaiting price reaction for this filing.
BCL Enterprises reported a sharp deterioration in FY26. Total income dropped to Rs. 122.09 lakhs from Rs. 678.12 lakhs in FY25, a decline of over 80%. The company swung to a net loss of Rs. 588.20 lakhs versus a net profit of Rs. 73.82 lakhs in the prior year. Other expenses surged to Rs. 593.47 lakhs (vs Rs. 23.92 lakhs) due to a Rs. 273.43 lakh provision. Operating cash flow was deeply negative at Rs. 3,030.77 lakhs, driven largely by Rs. 2,715.12 lakhs in loan disbursements. Borrowings surged to Rs. 7,246.47 lakhs from Rs. 125.82 lakhs as part of a large fundraise — first tranche of Rs. 300 Cr and second tranche of Rs. 250 Cr (with Rs. 220 Cr received so far). The auditor's report is with an unmodified opinion. A mid-year auditor resignation occurred (GHR & Co. replaced outgoing auditors).
The company has pivoted to heavy lending as its core business, but is generating massive losses and negative operating cash flows while raising substantial debt. This is a high-risk situation for shareholders with significant uncertainty around repayment ability and business sustainability.