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The board of Bharatam Ventures Limited (formerly Pet Plastics Ltd) convened on May 28, 2026 and approved multiple items. Financially, the company reported a standalone net loss of ₹1,396.99 lakhs for FY 2025-26 compared to a profit of ₹14.53 lakhs in the prior year, driven largely by an exceptional item of ₹825.52 lakhs (loss on sale of investment in subsidiary and disposal of factoring division). Revenue from operations grew to ₹2,371.98 lakhs from ₹430.12 lakhs. The board approved appointment of CA Rushikesh A Kakade (KPLK and Company) as internal auditor for FY 2026-27, approved by the Audit Committee. It also approved acquisition of 99.9987% equity stake in Penganga Sakhar Karkhana Private Limited (sugar and agro business, turnover ₹8,352.89 lakhs in FY 2025-26) for ₹1.80 crore cash consideration, expected to complete within 30 days. Additionally, Mr. Rahul Chandratre was appointed as Additional Director (Non-Executive) effective May 28, 2026, subject to shareholder approval.
The company posted a significant loss, largely due to a one-time exceptional item from asset disposals. Revenue growth is notable but profitability remains a concern. The acquisition of a sugar/agro company marks a strategic diversification away from the original PET plastics business. Shareholders should monitor integration costs and whether the new business segment restores profitability.