Pursuant to Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we hereby ....
Awaiting price reaction for this filing.
Bharati Defence and Infrastructure Limited (formerly Bharati Shipyard Limited) reported audited standalone financial results for FY 2025-26. Total income was Rs 2,905.84 Lakhs, up from Rs 2,520.97 Lakhs in the previous year (revenue growth of ~24% YoY). However, the company recorded a net loss of Rs 31,273.19 Lakhs compared to a net profit of Rs 1,428.58 Lakhs in the prior year, due to exceptional items of Rs 32,835.47 Lakhs arising from the NCLT-approved Resolution Plan under IBC 2016. New management took over during the year and wrote off/reversed pre-acquisition assets and liabilities assessed as non-recoverable or non-existent. The audit report was issued with an unmodified (clean) opinion. The company is also undergoing capital restructuring including share capital reduction. Cash flow from operations remained positive at Rs 287.41 Lakhs.
The company swung to a massive loss due to one-time resolution plan write-offs; however, underlying operating performance (before exceptional items) showed revenue growth and positive cash flows. The resolution plan cleanup addresses legacy issues but the significant losses and ongoing restructuring signal elevated risk for investors.