Bhagyanagar India Ltd Reports Quarterly Results; Confirms Preferential Share Issue and GST Protest Payment
Bhagyanagar India Limited announced its un-audited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results during a meeting held on July 27, 2026. The company also provided updates regarding ongoing legal matters and the issuance of equity shares to non-promoter investors.The company’s standalone performance for the quarter showed Total Income of 230.41 Lakhs (Rs in Lakhs), derived from Revenue from operations amounting to 156.20 and Other Income totaling 74.20. The Board noted that the Profit/Loss for the period was 14.66 Lakhs.
Financial Highlights Q ended June 30, 2026
The following tables summarize the key financial outcomes for the quarter, presented in Indian Rupees (Rs) in Lakhs.Standalone Unaudited Financial Results
| Particular | Quarter Ended 30.06.2026 (Un Audited) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.25 (Un Audited) | Quarter Ended 31.03.26 (Audited) |
|---|---|---|---|---|
| Total Income | 230.41 | 105.50 | 497.70 | 1,086.92 |
| Total Expenses | 211.94 | 75.76 | 391.97 | 763.71 |
| Profit Before Tax | 18.46 | 29.75 | 105.73 | 323.22 |
| Profit / (Loss) for the period | 14.66 | 11.79 | 83.30 | 220.51 |
Consolidated Unaudited Financial Results
| Particular | Quarter Ended 30.06.2026 (UnAudited) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.25 (UnAudited) | Quarter Ended 31.03.26 (Audited) |
|---|---|---|---|---|
| Total Income | 79.01 | 53.65 | 297.61 | 471.51 |
| Total Expenses | 2,052.59 | 2,371.53 | 2,287.75 | 8,468.26 |
| Profit Before Tax | 67,876.34 | 71,056.92 | 47,848.02 | 2,31,503.35 |
| Profit / (Loss) for the period | 685.68 | 601.19 | 252.71 | 1,733.84 |
Corporate and Operational Updates
The company confirmed that the results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The statutory auditors conducted a limited review of the financial statements.Preferential Share Issue:
Following approval by the Board of Directors on June 30, 2026, to raise funds through equity issuance, members at an Extra-Ordinary General Meeting (EGM) held on July 23, 2026, approved the issuance of up to 15,01,434 equity shares to non-promoter category investors. The approval was for a total of 15,01,434 shares at an issue price of 1348 per equity share (as reported in the standalone results). The company has applied to NSE and BSE for requisite in-principle approvals, with allotment pending the receipt of necessary approvals.
Legal and Regulatory Matters:
The consolidated results noted that the GST Department issued a Show Cause Notice regarding irregular availment of Input Tax Credit. During the quarter ended June 30, 2026, the company paid an amount of 21,750 Lakhs under protest. Management stated that based on legal opinion and judicial precedents, the company holds a strong case on merits and does not expect any liability to materialize.
The company also confirmed that the Composite Scheme of Arrangement remains pending before the Hon'ble NCLT for sanction, with the matter scheduled for hearing on August 07, 2026.
BHAGYANGR Stock Price Movement
Shares of Bhagyanagar India Limited are surging to ₹430.00 as of 12:21 PM, powered by a robust gain of 4.65% in live trading. The equity maintains impressive momentum near its day high and the 52-week mark, supported by a vigorous volume of 93,337 shares transacted during this session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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