Board Meeting Details

The Board of Directors meeting was held on Wednesday, August 12, 2026, commencing at 4:30 p.m. and concluding at 5:30 p.m.

Key Decisions Approved

1. Unaudited Financial Results: Considered, approved, and taken on record the Unaudited Financial Results of the Company for the quarter ended June 30, 2026, along with the Limited Review Report issued by the Statutory Auditors.

2. Re-appointment of Managing Director: Considered and approved the re-appointment of Mr. N. Vidhya Sagar Reddy (DIN: 09474749) as Managing Director of the Company for a further period of 3 years with effect from August 12, 2026, subject to shareholder approval. The terms and conditions, including remuneration, were as recommended by the Nomination and Remuneration Committee/Board.

Trading Window Closure

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the Company's securities, which was already closed, shall continue to remain closed and will re-open 48 hours after the unaudited financial results for Q1 June 2026 are made public.

Financial Results Analysis

Standalone Financial Results (Quarter Ended June 30, 2026)

  • Revenue from Operations: ₹1,196.83 lakhs
  • Other Income: ₹87.20 lakhs
  • Total Income: ₹1,284.03 lakhs
  • Total Expenses: ₹1,161.28 lakhs
  • Profit Before Tax: ₹122.75 lakhs
  • Tax Expense: ₹(27.76) lakhs (Current Tax: ₹21.59 lakhs, Deferred Tax: ₹0.66 lakhs, Related to Previous Period: ₹(50.01) lakhs)
  • Net Profit: ₹150.51 lakhs
  • Earnings Per Share (Basic): ₹0.05
  • Paid-up Share Capital: ₹3,045.77 lakhs (Face Value ₹1 each)
  • Other Equity: ₹372.68 lakhs (as per balance sheet)

Comparative Performance

  • Revenue YoY: Increased from ₹883.31 lakhs (Q1 June 2025) to ₹1,196.83 lakhs (Q1 June 2026)
  • Net Profit YoY: Improved from ₹44.71 lakhs (Q1 June 2025) to ₹150.51 lakhs (Q1 June 2026)
  • QoQ Performance: Revenue decreased from ₹3,438.76 lakhs (Q4 March 2026) to ₹1,196.83 lakhs (Q1 June 2026); Net Profit decreased from ₹209.32 lakhs to ₹150.51 lakhs

Segment Information (Standalone)

The Company operates through three business segments:

1. Financial Inclusion & Digital Services: Revenue ₹1,053.76 lakhs, Segment Result ₹75.71 lakhs

2. Agri Supply Chain & Technologies: Revenue ₹16.96 lakhs, Segment Result ₹1.69 lakhs

3. Diagnostics & Healthcare: Revenue ₹126.11 lakhs, Segment Result ₹72.77 lakhs

Consolidated Financial Results

  • Revenue from Operations: ₹1,196.83 lakhs
  • Net Profit: ₹92.44 lakhs (after share of loss from associate of ₹58.06 lakhs)
  • EPS (Basic): ₹0.03
  • Includes results from associate company Shree Naganarasimha Private Limited (25.76% stake acquired on March 6, 2026, increased to 40.96% by April 8, 2026)

Auditor's Review Report Key Points

Emphasis of Matter

1. Balance Reconciliation: Balances with certain debtors, banks, deposits, and receivables from government authorities have been impaired as part of Resolution Plan implementation. Management is engaging with counterparties and regulatory authorities to reconcile discrepancies. A writ petition has been filed before the Hon'ble High Court of Telangana regarding certain demands from earlier financial years.

2. Resolution Plan Implementation: Management has written off and written back certain foreign currency assets and liabilities as part of the Resolution Plan, requiring RBI approval. Management is making representations and filings with regulatory authorities.

Other Matters

1. Singapore Branch: Financial information for the Singapore branch (incorporated March 27, 2025) for April-June 2026 is based on management-certified financial information not reviewed by auditors.

2. Income Tax Adjustments: During the quarter, the Company recognized interest on income tax refund of ₹78,25,509 and write-back of provision for income tax relating to earlier years of ₹50,00,877. Assessments for AY 2019-20 and 2020-21 remain pending with appropriate authorities.

Corporate Structure Updates

1. Subsidiaries: The Company incorporated two wholly-owned subsidiaries during the year - BIL AgriTech Private Limited and BIL HealthTech Private Limited.

2. Foreign Subsidiaries: Previous foreign subsidiaries are non-functional and not under current management control. Investments were written off in previous years. Management is regularizing compliances and pursuing closure under applicable legal frameworks.

3. Resolution Plan: Current promoters and management took control on March 28, 2023, upon successful implementation of the Resolution Plan.

Management Re-appointment Details

Mr. N. Vidhya Sagar Reddy Profile

  • Post Graduate in International Business with over two decades of experience
  • Associated with the Company since August 2023
  • Played key role in strengthening business operations, governance framework, and strategic growth initiatives
  • Not related to any other Director or Key Managerial Personnel
  • Not debarred from holding director office pursuant to any SEBI Order

Terms of Re-appointment

  • Effective from August 12, 2026, to August 11, 2029 (3 years)
  • Subject to shareholder approval
  • Terms and conditions as recommended by Nomination and Remuneration Committee/Board