49th AGM Proceedings: FY26 Revenue Up 24.09%, Net Loss of ₹31,273.19 lakh on One-Time Write-Off

Summary of the 49th AGM held on September 30, 2026 (physical venue plus VC/OAVM).

Wed 30 Sep 2026

FY 2025-26 Revenue from Operations

Up 24.09% to ₹2,891.09 lakh (from ₹2,329.84 lakh)

FY 2025-26 Total Income

Up 15.26% to ₹2,905.84 lakh (from ₹2,520.97 lakh)

Net Loss FY 2025-26

₹31,273.19 lakh vs net profit of ₹1,428.58 lakh in prior year, due to one-time exceptional item of ₹32,835.47 lakh

Section 186 Limits Approved

₹50 crore for loans, guarantees, securities and investments

Omnibus Related Party Limit Approved

₹25 crore per related party for FY 2026-27

What was shared

A summary of the proceedings of the 49th Annual General Meeting of Bharati Defence and Infrastructure Limited, held on September 30, 2026 at 11:00 A.M. at the registered office in Malad West, Mumbai, with VC/OAVM participation. The meeting concluded at 12.00 PM.

Attendance

• 56 Members attended: 7 in person and 49 through VC/OAVM.
• 4 Directors, including 2 Independent Directors, were present.
• No questions or comments were raised by Members.

FY 2025-26 performance shared by the Chairman

• Revenue from operations up 24.09% to ₹2,891.09 lakh from ₹2,329.84 lakh.
• Total income up 15.26% to ₹2,905.84 lakh from ₹2,520.97 lakh.
• Profit before exceptional items and tax up 10.10% to ₹1,572.80 lakh from ₹1,428.58 lakh.
• Net loss of ₹31,273.19 lakh against a net profit of ₹1,428.58 lakh in the previous year.
• The loss was attributed mainly to a one-time exceptional item of ₹32,835.47 lakh, recognised under the Acquisition Plan approved by the NCLT, for write-off/reversal of assets and liabilities from the period before the acquisition assessed as non-recoverable, non-existent or no longer payable.
• Revenue this year came from sale of products and services; last year's largely comprised sale of scrap and assets.
• The Board did not recommend any dividend, to conserve resources.

Business developments mentioned

• Change in management and control followed the NCLT Order dated April 29, 2024; liquidation proceedings closed in January 2025.
• Participated in the North Tech Symposium as a Principal Co-Partner and marked its 50-year legacy.
• Strategic alliance with Exicom Technologies for tactical communications, unmanned systems and manned-unmanned teaming (MUM-T); shipbuilding and maritime infrastructure remain core.
• In terms of the NCLT Order, the Company has applied to SEBI for approval for listing of its equity shares; the application is under process.

Resolutions taken up

• Adoption of audited financial statements for the year ended March 31, 2026 (Ordinary).
• Re-appointment of Mrs. Rakhi Agarwal, retiring by rotation (Ordinary).
• Section 186 limits for loans, guarantees, securities and investments up to an aggregate ₹50 crore (Special).
• Omnibus related party transactions up to ₹25 crore per related party for FY 2026-27 (Special); related parties abstain from voting on this item.

Audit reports

Members were informed the Statutory Auditors' Report did not contain any qualifications, observations or adverse remarks / contained qualification(s). The Secretarial Audit Report did not contain any qualifications, observations or adverse remarks.

Voting

Remote e-voting through NSDL ran from September 27, 2026 9:00 A.M. to September 29, 2026 5:00 P.M.; e-voting at the AGM stayed open for 45 minutes after proceedings. Results are to be submitted to BSE and NSE on or before October 5, 2026.

The document states it is a summary of proceedings and does not constitute the minutes of the AGM.

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