Board Meeting Details

The Board of Directors meeting was held on Thursday, 12th November 2026 at 04:00 P.M. at the registered office of the Company in Hyderabad. The meeting concluded at 5:20 P.M.

Key Decisions Approved

1. Un-audited Financial Results (Standalone and Consolidated) for the Quarter and half year ended 30th September, 2026

2. Limited Review Report (Standalone and Consolidated) for the Quarter and half year ended 30th September, 2026

3. Allotment of 2,42,000 Equity Shares of ₹5 each to eligible employees under "BNRSL-ESOP SCHEME 2022"

Consolidated Financial Performance (Quarter Ended September 30, 2026)

  • Total Income: ₹186.26 lakhs (compared to ₹162.63 lakhs in previous quarter)
  • Revenue from Operations: ₹110.57 lakhs (Equity brokerage) + ₹53.46 lakhs (Other operating income)
  • Other Income: ₹22.23 lakhs
  • Total Expenses: ₹130.67 lakhs
  • Profit Before Tax: ₹55.59 lakhs
  • Tax Expense: ₹12.74 lakhs (Current tax: ₹13.06 lakhs, Deferred tax: ₹-0.33 lakhs)
  • Profit for Period: ₹42.86 lakhs
  • Basic EPS: ₹1.01
  • Diluted EPS: ₹1.00

Consolidated Financial Performance (Half Year Ended September 30, 2026)

  • Total Income: ₹366.89 lakhs
  • Profit Before Tax: ₹93.25 lakhs
  • Tax Expense: ₹24.96 lakhs
  • Profit for Period: ₹68.29 lakhs
  • Basic EPS: ₹1.63
  • Diluted EPS: ₹1.62

Standalone Financial Performance (Quarter Ended September 30, 2026)

  • Total Income: ₹182.06 lakhs
  • Profit Before Tax: ₹53.04 lakhs
  • Tax Expense: ₹13.31 lakhs
  • Profit for Period: ₹39.73 lakhs
  • Basic EPS: ₹0.95
  • Diluted EPS: ₹0.91

Standalone Financial Performance (Half Year Ended September 30, 2026)

  • Total Income: ₹358.15 lakhs
  • Profit Before Tax: ₹86.10 lakhs
  • Tax Expense: ₹23.89 lakhs
  • Profit for Period: ₹62.21 lakhs

ESOP Allotment Details

  • Number of Shares Allotted: 2,42,000 Equity Shares of ₹5 each
  • Exercise Price: ₹10 per share (₹5 face value + ₹5 premium)
  • Money Realized: ₹24,20,000
  • Scheme: BNRSL-ESOP SCHEME 2022
  • Total Options Covered: 15,00,000 Equity Shares
  • Options Vested: 5,00,000 options
  • Options Exercised: 2,42,000
  • Exercise Period: 5 years from vesting date
  • Distinctive Numbers: 4,17,50,001 - 4,19,92,000
  • Post-issue Share Capital: 4,19,92,000 Equity Shares totaling ₹20,99,60,000

Subsidiary Performance

  • B. N. Rathi Comtrade Private Limited (wholly-owned subsidiary): Profit before tax of ₹59.57 lakhs for H1 FY27 (Loss of ₹33.71 lakhs in H1 FY26)
  • B-Fly Asset Manager LLP (partially owned subsidiary): Profit before tax of ₹1.27 lakhs for H1 FY27 (₹0.61 lakhs in H1 FY25)

Financial Position (Consolidated as at September 30, 2026)

  • Total Assets: ₹19,525.63 lakhs
  • Equity Share Capital: ₹208.75 lakhs
  • Other Equity: ₹634.69 lakhs
  • Non-current Assets: ₹15,483.44 lakhs
  • Current Assets: ₹3,302.20 lakhs
  • Cash and Cash Equivalents: ₹61.47 lakhs

Cash Flow (Consolidated Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹597.09 lakhs
  • Net Cash used in Investing Activities: ₹-6,576.21 lakhs
  • Net Cash used in Financing Activities: ₹-268.39 lakhs
  • Net Decrease in Cash: ₹-6,647.51 lakhs

Audit and Review

  • Statutory auditors M. Anandam & Co. conducted limited review of both standalone and consolidated results
  • Review performed under SRE 2410 standards
  • Auditors confirmed no material misstatements found in the financial results
  • Audit Committee reviewed results on 12th November 2026