This is to inform you that the Board of Directors of the Company at its meeting held on August 12, 2025 (i.e., today), inter-alia, considered and approved the following items of business: 1. ....
Awaiting price reaction for this filing.
The Board of Bombay Potteries & Tiles, at its meeting on August 12, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the appointment of two new Independent Non-Executive Directors — Mr. Shantanu Bagwe and Ms. Crystal Dsouza, effective the same day. The company reported zero revenue from operations for the quarter, with the entire Rs 30 lakh total income coming from 'other income' (likely interest or non-operating receipts). This pushed the company to a net profit of Rs 22.58 lakh in Q1 FY26, against a loss of Rs 1.50 lakh in Q1 FY25. However, the full FY25 (year ended March 2025) had posted a loss of Rs 107.93 lakh on zero operating revenue, and the company's other equity stands at negative Rs 225.89 lakh, indicating accumulated losses far exceeding its Rs 130 lakh share capital. The statutory auditor (Agarwal Iyer & Associates) issued a clean limited review report with no qualifications.
The Q1 FY26 profit is entirely driven by non-operating 'other income' and not by the core tiles/pottery business, which continues to generate zero revenue across multiple quarters. Combined with deeply negative reserves (-Rs 225.89 lakh), this raises serious concerns about the company's operational viability and long-term sustainability. Shareholders should view this as a high-risk situation despite the headline profit, as the underlying business appears non-operational.