Bhatia Communications FY26 Revenue Up 34% to ₹595 Crores

Total Revenue: ₹59,524.52 lakhs (FY25: ₹44,468.57 lakhs), representing 33.85% growth
Revenue from Operations: ₹59,142.50 lakhs
Other Income: ₹382.03 lakhs
Profit Before Tax: ₹2,267.31 lakhs (FY25: ₹1,831.20 lakhs)
Net Profit: ₹1,676.41 lakhs (FY25: ₹1,381.71 lakhs), representing 21.36% growth
Total Comprehensive Income: ₹1,692.25 lakhs
Earnings Per Share (Basic): ₹1.31 (FY25: ₹1.10)
Earnings Per Share (Diluted): ₹1.31 (FY25: ₹0.98)

Retail Network Expansion: Total 340 stores as of March 31, 2026 (337 company-owned, 3 franchise-operated)
Geographical Expansion: 53 operational stores in Maharashtra, initiated expansion into Rajasthan
Product Portfolio: Retail distribution of mobile handsets, tablets, data-cards, television, mobile accessories, and related products

Preferential Allotment: Converted 1,55,00,000 warrants into equity shares during FY 2025-26:
50,00,000 equity shares allotted on September 30, 2025
1,05,00,000 equity shares allotted on March 09, 2026
Issue Price: ₹23.75 per warrant (25% received upfront in previous year, 75% balance received in current year)
Total Funds Raised: ₹27,60,93,750 during the year from warrant conversion
Paid-up Share Capital: Increased to ₹1,406.52 lakhs (14,06,52,000 equity shares)
100% Dematerialization: Entire share capital in dematerialized form

Final Dividend Recommended: 1% i.e., Re. 0.01 per equity share of face value ₹1 each
Unclaimed Dividend Balance: ₹5,03,716 as of March 31, 2026

1. Adoption of audited financial statements for FY 2025-26

2. Declaration of final dividend @ 1% (Re. 0.01 per share)

3. Re-appointment of Mr. Nikhil Harbanslal Bhatia (DIN: 02063706) as Whole Time Director

4. Appointment of M/s. R Kejriwal & Co. as Statutory Auditors for 5 years (FY 2026-27 to 2030-31) at remuneration of ₹2,00,000 for first year

5. Increase in borrowing limits to ₹200 crores under Section 180 of Companies Act, 2013

6. Approval for loans, investments, guarantees or security up to ₹200 crores under Section 186 of Companies Act, 2013

Board Composition: 6 Directors (2 Executive, 1 Non-Executive, 3 Independent including 1 woman director)
Board Meetings: 11 meetings held during FY 2025-26 with 100% attendance by all directors
Committee Structure: Audit Committee, Nomination & Remuneration Committee, Stakeholder Relationship Committee, CSR Committee
Key Managerial Personnel: Mr. Ravindra Arunrao Sojal (CFO), Mrs. Chintikaben Hasmukhbhai Shah (Company Secretary & Compliance Officer)

Retiring Auditor: M/s. R P R & Co. (FRN: 131964W) completing term at ensuing AGM
New Auditor Proposed: M/s. R Kejriwal & Co. (FRN: 133558W) for 5-year term
Internal Auditor: Mr. Abhishek Mittal, Chartered Accountant reappointed for 5 years (April 01, 2026 to March 31, 2031)
Secretarial Auditor: Mr. Bhaveshkumar Arjunkumar Rawal, Practicing Company Secretary

SEBI Compliance: Quarterly corporate governance reports filed with stock exchange
Secretarial Audit Observations:
GST tax demand of ₹5,71,472 appealed on March 24, 2025 (initially not disclosed as per materiality policy, later disclosed)
Initial disclosure error in preferential allotment transaction value (premium component omitted, subsequently corrected)
No material orders: No significant material orders passed by regulators/courts impacting going concern status

CSR Expenditure: ₹30.15 lakhs spent against requirement of ₹29.97 lakhs
Focus Areas: Promoting healthcare, education
Implementation: Through registered trusts (Shree Gurunanak Charitable Trust, Shree Adarsh Punjabi Samaj, Asaadharan Foundation)

Total Employees: 171 permanent employees as of March 31, 2026
Employee Benefits: Gratuity scheme as defined benefit plan, provident fund, ESIC contributions
Whistle Blower Policy: Implemented with direct access to Audit Committee chairman
Sexual Harassment: No complaints received during the year