Outcome of the Board Meeting
Awaiting price reaction for this filing.
Bharatiya Global Infomedia reported zero revenue from operations in Q1 FY26 (quarter ended June 30, 2025), down from Rs 25.25 lakh in Q4 FY25 and Rs 2 lakh in Q1 FY25. Standalone net loss widened to Rs 33.48 lakh from Rs 24.31 lakh YoY, while consolidated net loss stood at Rs 43.77 lakh. Standalone loss per share was Rs (0.21). The auditor's limited review flagged several serious issues: non-provision of Rs 5.40 crore in inter-corporate deposits with accrued interest, non-provision of a Rs 6 crore SEBI penalty, no CFO since May 2018 (in violation of Section 203), annual returns not filed for six consecutive years (FY19 to FY24), and irregular payment of statutory dues as well as GST/TDS filings. The board also noted a request received from Mr. Gaurav Bhatia for reclassification of his promoter's shareholding.
The company is loss-making with no operating revenue, growing accumulated losses, and significant unrecovered ICDs plus a pending SEBI penalty that could materially impact financials if provisioned. Multiple compliance and governance red flags (no CFO for 7+ years, six years of missed annual returns) heighten going-concern and regulatory risk for shareholders.