Financial Results Approval
The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The financial results were reviewed by the statutory auditors, M/s. Mehra Goel & Co. LLP, who issued a modified conclusion due to pending reconciliation of vendor, inter-corporate deposits, loans, and advances balances.
Standalone Financial Performance (₹ lakhs)
- Total Income: ₹10.87 lakh (Q1 FY27) vs ₹13.64 lakh (Q4 FY26)
- Total Expenses: ₹29.16 lakh (Q1 FY27) vs ₹36.09 lakh (Q4 FY26)
- Loss before tax: ₹(18.29) lakh (Q1 FY27) vs ₹(22.45) lakh (Q4 FY26)
- Tax expense: ₹(0.08) lakh (Q1 FY27) vs ₹3.27 lakh (Q4 FY26)
- Loss from continuing operations: ₹(18.21) lakh (Q1 FY27) vs ₹(25.72) lakh (Q4 FY26)
- Profit from discontinued operations: ₹233.76 lakh (Q1 FY26) - comparative period
- Earnings per share (basic): ₹(0.13) (Q1 FY27) vs ₹(0.18) (Q4 FY26)
- Paid-up equity share capital: ₹1,447.88 lakh (face value ₹10 per share)
Consolidated Financial Performance (₹ lakhs)
- Loss for the period from continuing operations: ₹(412.92) lakh (Q1 FY27)
- Profit from discontinued operations: ₹233.76 lakh (Q1 FY26) - comparative period
- Total comprehensive loss: ₹(412.92) lakh (Q1 FY27)
- Loss attributable to owners: ₹(319.86) lakh (Q1 FY27)
- Earnings per share (basic): ₹(2.21) (Q1 FY27)
Scheme of Amalgamation
The Board approved a Scheme of Amalgamation by way of merger by absorption between DC&T Global Private Limited (wholly-owned subsidiary) and Belding India Limited. The scheme is subject to approval from the National Company Law Tribunal, Mumbai, and other regulatory approvals.
Key details of the amalgamation:
- Transferor Company: DC&T Global Private Limited (FY25-26 turnover: ₹1.20 lakh, net worth: ₹44,689.00 lakh)
- Transferee Company: Belding India Limited (FY25-26 consolidated turnover: ₹2.80 lakh, consolidated net worth: ₹1,04,843.62 lakh)
- Business areas: EPC projects, battery energy storage systems, edge data centers, integrated engineering solutions, global manufacturing hub
- Rationale: Operational synergy, consolidation of advanced manufacturing plant, optimization of capital allocation, simplification of group structure
- Consideration: No share issuance as Belding already holds 100% of DC&T Global
- No change in shareholding pattern of Belding India post-amalgamation
Management Change
Ms. Muskan Gurumukhdas Pinjani resigned from the position of Company Secretary and Compliance Officer (Key Managerial Personnel) effective from close of business hours on August 5, 2026, to pursue other professional aspirations. Her resignation letter was accepted by the Board.
Meeting Details
The Board meeting commenced at 4:30 PM IST and concluded at 5:30 PM IST on July 30, 2026.
Subsidiary Information
As of June 30, 2026, the company has the following subsidiaries:
- DC&T Global Private Limited (100% holding)
- BESS Limited (64.10% holding)
- DC&T Defence Limited (100% holding)
- Belding HD India Private Limited (55% holding, incorporated June 22, 2026)
- Metafin Technology Private Limited (55% holding, subsidiary of DC&T Global)
Notes to Financial Results
- The company discontinued its foils manufacturing operations during FY 2025-2026, classified as discontinued operations
- Comparative figures for previous periods have been regrouped/rearranged where necessary
- The figures for quarter ended March 31, 2026, represent balancing figures between audited annual figures and unaudited nine-month figures