Resignation of Whole-Time Director: Shri Mahabir Prasad Gupta (DIN: 00014681) resigned from the Board due to health reasons, effective from the closing hours of May 26, 2026 (i.e., from May 27, 2026). The resignation letter cited health conditions preventing him from discharging responsibilities, with no other material reasons disclosed. He was a Promoter and former Whole-Time Director.
Appointment of Additional Director: The Board, based on the Nomination & Remuneration Committee's recommendation, appointed Shri Vikas Gupta (DIN: 00921703) as an Additional Director (Non-Executive & Non-Independent) effective July 1, 2026, subject to shareholder approval in the forthcoming AGM. He will be liable to retire by rotation.
Profile: B.E. in Chemicals from Pune University and MBA in Marketing from Delhi. He started his career in 2008 with a manufacturing plant and joined the Bharat Group in 2017. He has experience in Plant Operations, Finance, Banking, General Administration, and IT, currently managing operations and procurement at B R Agrotech Limited.
Relationships: He is associated with the Promoter Group and is the son of Shri Mahabir Prasad Gupta. He holds 4.58% individually and 17.28% aggregate with immediate relatives in the Promoters' Group.
Eligibility: Not debarred from holding director office by SEBI or any other authority.
Cessation of Independent Director: The second tenure of Shri Suresh Kumar Garg (DIN: 02254899) as an Independent & Non-Executive Director was completed on May 29, 2026, with no other material reasons for cessation.
Internal Auditor Appointment: The Board approved the appointment of M/s. P.D.Ramanand & Company, Chartered Accountants (Firm Registration No. 001104C), as Internal Auditor for FY2026-27. The firm has over 55 years of experience in statutory audits, internal audits, tax audits, and consultancy. Contact: pdramanand@gmail.com, Mobile: 9412221080. No relationships with directors disclosed.
Key Financial or Operational Approvals
Financial Results Approval: The Board approved the Standalone and Consolidated Audited Annual Financial Results for the quarter and year ended March 31, 2026, including the Statement of Assets & Liabilities and Cash Flow Statement. The Statutory Auditors, M/s. B.K.Goel & Associates (FRN:016642N), issued unmodified opinions for both standalone and consolidated results.
Dividend Recommendation: The Board recommended a final dividend of 10% (₹0.50 per share) on fully paid-up equity shares of ₹5 each for FY2025-26, subject to shareholder approval in the forthcoming AGM.
Financial Highlights (Standalone, in ₹ Lacs):
Revenue from operations: ₹30,802 (Q4 FY26), ₹1,24,184 (FY26); Other Income: ₹1,558 (Q4 FY26), ₹4,122 (FY26)
Total Revenue: ₹32,360 (Q4 FY26), ₹1,28,306 (FY26)
Profit before tax: ₹5,244 (Q4 FY26), ₹19,057 (FY26)
Profit for the period: ₹3,912 (Q4 FY26), ₹14,293 (FY26)
EPS (basic and diluted): ₹23.54 (Q4 FY26), ₹85.99 (FY26)
Net Worth: ₹1,24,854.67 (as of March 31, 2026)
Financial Highlights (Consolidated, in ₹ Lacs):
Revenue from operations: ₹30,802 (Q4 FY26), ₹1,24,184 (FY26); Other Income: ₹1,558 (Q4 FY26), ₹4,122 (FY26)
Profit before tax: ₹5,148 (Q4 FY26), ₹19,337 (FY26)
Profit for the period: ₹3,815 (Q4 FY26), ₹14,572 (FY26)
EPS (basic and diluted): ₹22.95 (Q4 FY26), ₹87.67 (FY26)
Net Worth: ₹1,27,473.98 (as of March 31, 2026)
Joint Venture Performance: Nissan Bharat Rasayan Private Limited (joint venture) reported total revenue of ₹302.69 crore and profit after tax of ₹9.33 crore for FY2025-26, including a foreign exchange loss of ₹19.98 crore. The company's share of net profit (₹2.80 crore) is recognized in consolidated results.
Capital Structure Change: During Q3 FY2026, shareholders approved a sub-division of face value from ₹10 to ₹5 per share and a 1:1 bonus issue. Post changes, paid-up equity capital is ₹831.05 lacs (1,66,21,072 shares of ₹5 each). EPS figures are restated for all periods.
Credit Ratings: The company maintains CARE AA- for Long Term Facilities and CARE A1+ for Short Term Facilities.
Strategic or Business Context
Insurance Claim: The insurance claim for damage to Property, Plant, and Equipment (PPE) in Block-D of the Dahej Plant is underway. Depreciation continues on the entire book value. Safety measures are implemented to prevent recurrence. Loss of Profit (FLOP) claim will be recognized on receipt.
Segment Reporting: The company operates only in the pesticides business segment, so segment-wise reporting is not applicable.
Investor Grievance: Designated email investors.brl@bharatgroup.co.in for investor complaints and redressal.
Any Other Material Information
Board Meeting Details: Commenced at 2:00 PM and concluded at 5:15 PM on May 26, 2026.
Regulatory Compliance: The company complied with SEBI Circulars No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated 31.12.2024, NSE Circular No. NSE/CML/2025/02 dated 02.01.2025, and Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015. Declared no audit qualifications and unmodified audit opinions.
Default Status: No default on outstanding loans and debt securities as of March 31, 2026.
Filing Availability: The financial results are available on the NSE website (https://www.nseindia.com) and the company's website (https://www.bharatgroup.co.in).
Unclaimed Dividend: Shareholders are urged to encash unclaimed dividends from FY2018-19 onwards to avoid transfer to the Investor Education and Protection Fund.
