Outcome of 48th AGM
Awaiting price reaction for this filing.
Bharati Defence and Infrastructure Ltd held its 48th AGM on September 30, 2025, via video conferencing, with 35 members present and concluded in about 15 minutes. The company, which recently emerged from Corporate Insolvency Resolution Process (CIRP) and liquidation, saw its liquidation process formally closed on January 14, 2025, after NCLT ordered its sale as a going concern in August 2024. For FY25, the company reported a net profit and EBITDA of ₹1,428.58 lacs, compared to a loss of ₹2,52,210.25 lacs in the previous year, though revenue came mainly from sale of scrap and non-operational assets as core business has not yet restarted. Five ordinary resolutions were passed, including adoption of FY25 financial statements, reappointment of statutory auditors (A K Kocchar & Associates) for 5 years, appointment of secretarial auditors, and regularization of two independent directors. No questions were raised by shareholders at the meeting.
The return to profitability under new management post-insolvency is encouraging, but it is currently driven by asset sales rather than core shipbuilding/defence operations, so shareholders should watch for signs of actual business revival. New board appointments indicate the company is rebuilding governance for a fresh start.