PFA
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Bharatiya Global Infomedia Limited reported audited standalone loss of Rs 4.48 crore for FY 2026 with revenue of Rs 25.25 lakh. The company posted consolidated profit of Rs 2.47 crore for Q4 FY26, aided by large deferred tax credit of Rs 292 crore. Cash flow from operations remained negative at Rs 134 lakh (standalone) and Rs 250 lakh (consolidated). Auditor Singh Ray Mishra & Co. issued an unmodified opinion but raised an Emphasis of Matter flagging: (i) non-provision of Rs 5.40 crore inter-corporate deposits plus interest, (ii) non-provision of Rs 6 crore SEBI penalty, (iii) non-submission of annual returns for 7 financial years (FY18-19 to FY24-25), and (iv) irregular GST and TDS filings. The board appointed Deepak Srivastava as Independent Director and Jamuna Prasad Sharma as CFO.
The company shows thin revenues with large losses but turns profitable only due to deferred tax credits. Negative operating cash flows and the auditor's emphasis on non-provisioned ICD amounts and regulatory penalties signal significant financial and compliance risks. Shareholders should be cautious given the going concern risks and pending regulatory matters.