Appointment of Mr. Rahul Chandrashekhar Chandratre (DIN: 02653975) as an Additional Director of the Company
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Bharatam Ventures Limited has appointed Mr. Rahul Chandrashekhar Chandratre (DIN: 02653975) as an Additional Director, designated as Non-Executive Director, effective 28th May 2026. His appointment is subject to shareholder approval at the ensuing AGM. The new director holds an MBA in Finance from Sikkim Professional University (2022) and is not related to any existing director. This appointment comes alongside other board decisions including audited FY26 financial results showing standalone net loss of Rs 1,396.99 lakhs (vs profit of Rs 14.53 lakhs in FY25), appointment of CA Rushikesh A Kakade as internal auditor for FY26-27, and acquisition of 99.9987% equity stake in Penganga Sakhar Karkhana Private Limited for Rs 1.8 crore. The company also disclosed related party transactions with entities having common shareholders including loans and service transactions.
The appointment adds a new Non-Executive Director to the board. Combined with the acquisition of a sugar business subsidiary and related party transactions, this indicates potential business diversification but also comes amid significant standalone losses. Shareholders should note the substantial decline in financial performance and increased borrowings.