Financial Performance Highlights

BCC Fuba India reported strong FY26 results with consolidated revenue growing 54.4% to ₹72.65 crore from ₹47.06 crore in FY25. Profit after tax increased 56.4% to ₹5.76 crore from ₹3.73 crore, while EBITDA rose 55.8% to ₹10.79 crore. Standalone performance showed PAT of ₹5.88 crore with EPS of ₹3.15. The board recommended no dividend for FY26 to retain earnings for balance sheet strengthening and future growth initiatives.

Capital Structure and Fundraising

The company successfully raised ₹17.22 crore through a rights issue of 45,93,015 partly paid-up equity shares at ₹75 per share, increasing paid-up capital from ₹15.31 crore to ₹17.61 crore. The rights issue proceeds were initially unutilized until March 31, 2026, with board approval obtained in April 2026 for capital expenditure objects change.

Subsidiary Performance

The company acquired 51% stake in Iogems Technologies Private Limited on January 23, 2026. The subsidiary reported revenue of ₹12.49 lakh but incurred a loss of ₹18.90 lakh during the period, with EPS of ₹(5.43).

AGM and Corporate Governance

The 40th Annual General Meeting was convened on September 1, 2026, to approve audited financial statements and special resolutions. Key resolutions included reappointment of Mrs. Manju Bhardwaj as director, continuation of Mr. Chander Vir Singh Juneja as Independent Director beyond age 75, approval for loans up to ₹25 crore to related parties, and revision in remuneration for Executive Director Mr. Abhinav Bhardwaj to ₹3.50 lakh per month.

Auditor Findings and Qualifications

Auditors Bhagi Bhardwaj Gaur & Co. issued an unmodified opinion but relied on another auditor's work for the subsidiary. The CARO report contained qualifications for both companies:

  • BCC Fuba India: Qualification under Clause ii(b) of CARO
  • Iogems Technologies: Qualification under Clause xvii of CARO

Internal financial controls were found adequate and operating effectively. Pending litigations include GST disputes of ₹21.86 lakh and ₹17.07 lakh, and trade receivable recoveries of ₹20.76 lakh under legal adjudication.

Key Management and Board Composition

The board comprised 7 directors including Mr. Abhinav Bhardwaj (Executive Director & CEO), Mr. Chandar Vir Singh Juneja (Chairperson & Independent Director), and Mrs. Manju Bhardwaj (Non-Executive Director). Mr. Abhinav Bhardwaj held 16.75% shareholding and received remuneration of ₹27.60 lakh in FY26.

Regulatory Compliance and Future Outlook

The company maintained compliance with applicable laws, held 11 board meetings, and constituted all mandatory committees. CSR expenditure of ₹8.52 lakh exceeded the obligation of ₹7.92 lakh. Future plans include capacity enhancement, technology expansion, and forward integration through the EMS business subsidiary.