BPL Limited FY26 Net Loss ₹82.8 Crore

BPL Limited Regulatory Disclosure

Board Meeting Outcomes

The Board of Directors at its meeting held on 28 May 2026 (11:35 AM to 5:00 PM):

1. Approved audited financial statements for year ended 31 March 2026:

Standalone and Consolidated Profit & Loss Account
Standalone and Consolidated Balance Sheet
Related notes to accounts

2. Considered publication of Audited Financial Results for quarter and year ended 31 March 2026 (Standalone and Consolidated)

3. Appointment of Independent Director: Subject to shareholder approval, approved reappointment of Mr. C K Sabareeshan (DIN: 00013462) as Independent Director for five consecutive years from FY 2026-2027 to FY 2030-2031.

Director Profile - Mr. C K Sabareeshan

Nationality: Indian
Original appointment date: 13 August 2021
Previous appointment date: 13 August 2021
Qualifications: B.Sc with CA and CS qualifications
Shareholding: 1,500 shares (0.00%)
Board meetings attended: 5 out of 5 held in FY 2025-26
Other directorships: VSOL4U Technologies P Ltd, HESA Enterprises Private Limited, Comfypets Private Ltd, Amplify Cleantech Solutions P Ltd, Ariro toys P Ltd
Committee memberships: Panasonic Appliances Company India Ltd
No resignations from listed entities in past 3 years

Standalone Financial Performance (FY 2025-26)

Balance Sheet (as at 31 March 2026)

Total Assets: ₹543.90 crore (₹443.17 crore in FY25)
Non-Current Assets: ₹29,628.34 lakh
Current Assets: ₹24,761.79 lakh
Equity Share Capital: ₹489.77 lakh (unchanged)
Other Equity: ₹1,924.86 crore (₹2,006.98 crore in FY25)
Total Liabilities: ₹543.90 crore (₹443.17 crore in FY25)
Long Term Borrowings: ₹960.00 lakh (₹0 in FY25)

Profit & Loss (Year ended 31 March 2026)

Revenue from Operations: ₹796.33 crore (₹1,367.43 crore in FY25)
Other Income: ₹150.83 crore (₹583.85 crore in FY25)
Total Income: ₹796.33 crore (₹1,367.43 crore in FY25)
Total Expenses: ₹767.64 crore (₹701.14 crore in FY25)
Finance Cost (non-cash EIR): ₹951.58 lakh (₹0 in FY25)
Exceptional Items: ₹286.90 lakh (₹666.29 crore in FY25)
Net Loss: ₹(828.29) lakh (Net Profit: ₹40.77 lakh in FY25)
EPS: ₹(1.68) (₹0.03 in FY25)

Cash Flow (Year ended 31 March 2026)

Net cash from operating activities: ₹(857.21) lakh (₹914.87 lakh in FY25)
Net cash from investing activities: ₹(117.90) lakh (₹6,055.70 lakh in FY25)
Net cash from financing activities: ₹867.55 lakh (₹(514.90) lakh in FY25)
Net decrease in cash: ₹(14.59) lakh (₹7,200.00 lakh increase in FY25)

Segment-wise Performance (Standalone)

Revenue Breakdown:

PCB Segment: ₹618.65 crore (₹537.01 crore in FY25)
Brand Licensing Fees: ₹162.60 crore (₹246.58 crore in FY25)
Unallocated: ₹150.83 crore (₹583.85 crore in FY25)

Segment Results:

PCB Segment Profit: ₹216.22 lakh (₹222.84 lakh in FY25)
Brand Licensing Profit: ₹102.00 lakh (₹812.95 lakh in FY25)
Unallocated Profit: ₹93.52 lakh (₹5,825.69 lakh in FY25)

Consolidated Financial Performance (FY 2025-26)

Balance Sheet (as at 31 March 2026)

Total Assets: ₹713.66 crore (₹612.89 crore in FY25)
Total Liabilities: ₹338.30 crore (₹193.50 crore in FY25)
Net Worth: ₹375.36 crore (₹419.39 crore in FY25)

Profit & Loss (Year ended 31 March 2026)

Total Income: ₹798.97 crore (₹1,369.65 crore in FY25)
Net Loss attributable to owners: ₹(847.85) lakh (₹(17.16) lakh in FY25)
EPS: ₹(1.73) (₹(0.04) in FY25)

Key Notes to Financial Statements

1. Contingent Liabilities: ₹65.34 crore as of 31 March 2026 (₹69.83 crore in FY25)

Unsecured creditor obtained arbitral award in Supreme Court
Company paid ₹72 crore in November 2024, asked to deposit additional ₹96 crore
SLP dismissed in December 2025, review petition pending
Creditor filed Section 9 IBC application before NCLT Cochin

2. ARCIL Claim: Lodged claim based on corporate guarantee for BPL Display Devices Limited (in liquidation)

3. Preference Shares: ₹1,695.87 crore preference shares due for redemption since August 2019 but not redeemed due to insufficiency of profits under Section 55 of Companies Act, 2013

4. Non-cash Interest: ₹9.51 crore interest on intercompany borrowing accrued using effective interest method under Ind AS 109, payable only at maturity

5. Subsidiary Status: Ramagundam Power Generation Private Limited (formerly BPL Power Projects) has not commenced commercial operations but management considers it a going concern

Auditor's Report - Qualified Opinion

MKUK & Associates issued qualified opinion on both standalone and consolidated financial statements citing:

1. Preference Shares Redemption: Company yet to redeem preference shares amounting to ₹1,695.87 crore due since August 2019 due to inadequacy of profits

2. Going Concern Issue: For subsidiary Ramagundam Power Generation Private Limited, factors underlying going concern assumption no longer exist

3. Revenue Recognition: Revenue from brand licensing accounted based on customer confirmation, reconciliation in progress

4. Capital Work in Progress: ₹13.35 crore project work in progress pending transfer to subsidiary

Legal and Regulatory Compliance

Financial statements prepared in compliance with Ind AS
Format modified per SEBI circular CIR/CFD/CMD/15/2015 dated 30 November 2015 and 5th July 2016
Previous period figures regrouped/reclassified for consistency

Audit Committee and Board Approval

Financial results reviewed and approved by Audit Committee on 19 May 2026
Taken on record by Board at meeting on 28 May 2026