Bharatiya Global Infomedia Approves FY2026 Audited Results and Announces Management Appointments
Bharatiya Global Infomedia Limited announced key outcomes from its Board of Directors meeting held on May 29, 2026. The board considered and approved the e-Audited Financial Results for the quarter and year ended March 31, 2026, for both standalone and consolidated results, along with the corresponding auditors' reports.In a significant operational update, the company also announced two key appointments. Mr. Deepak Srivastava has been appointed as an Independent Director, and Jamuna Prasad Sharma has been appointed as the Chief Financial Officer (CFO) of the company.
Financial Performance Overview
The audited financial results reflect the company's financial status for the year ending March 31, 2026. The financial statements were approved by the board and recommend the results, which were reviewed by the Audit Committee.The company reported key figures regarding the utilization of IPO proceeds as of March 31, 2026:
| Particulars | As per Prospectus | Revised Utilization | Utilization till March 31, 2026 |
|---|---|---|---|
| Setting up our offices | 989.60 | 989.60 | 754.80 |
| Repayment of RBS Loan | 269.72 | 293.12 | 293.12 |
| IPO Expenses | 277.36 | 312.85 | 312.85 |
| Upgradation of Machinery & Assets | 2204.67 | 1532.50 | 1382.50 |
| General Corporate | 650.00 | 711.39 | 711.39 |
| Expansion of R&D | 656.73 | 472.75 | 455.99 |
| Meeting Long Term Working Capital Requirements | 505.00 | 1240.87 | 1055.06 |
| Cash and Escrow Bank Account and Investments in ICDs | - | - | 587.37 |
| Total | 5553.08 | 9553.08 | 5553.08 |
Consolidated Financial Position (March 31, 2026)
The consolidated statements of assets and liabilities, as well as cash flows, were released. Total Assets for the consolidated entity stood at 11,540.47 Lakh.The Consolidated Balance Sheet data for the year ended March 31, 2026, is presented below:
| ASSETS | March 31, 2026 (Lakh) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 17.57 |
| Other Intangible Assets | 1,685.32 |
| Intangible Assets under Development | 3,218.65 |
| Financial Assets (Investments, Trade receivables, Loans, Other Financial Assets, Other Non-Current Assets) | 2,227.33 |
| Sub Total Non Current Assets | 7,148.87 |
| Current Assets | |
| Inventories | 2,704.59 |
| Financial Assets (Cash and Cash Equivalents, Bank Balances other than (ii) above, Loans, Other Financial Assets) | 1,044.45 |
| Other current assets | 419.96 |
| Sub Total Current Assets | 4,168.90 |
| Total Assets | 11,540.47 |
The consolidated liabilities totaled 11,540.47 Lakh, supported by Equity Share Capital of 1,584.31 Lakh and Other Equity of 6,531.53 Lakh.
Consolidated Statement of Cash Flows
The net cash flow from operating activities for the year ended March 31, 2026, was reported as (250.26) Lakh.| Operating Cash Flow Component | Amount (Lakh) |
|---|---|
| Operating Profit before Working Capital changes | (26.49) |
| Net cash flow from operating activities (A) | (250.26) |
| Net cash flow from investing activities (B) | (0.51) |
| Net cash flow from financing activities (C) | 242.70 |
| Net increase / (decrease) in cash and cash equivalents (A+B+C) | (8.06) |
Auditor's Observations
The Independent Auditor's Report highlighted several points of emphasis:- Non-provisioning: The auditor noted the non-provision of an amount recoverable from inter-corporate deposits, amounting to principal amounts of Rs 5.40 Crores along with accrued interest, and the non-provision of a penalty imposed by SEBI of Rs 6 Crores.
- Compliance: The report also pointed out that the Annual Return of Companies Act, 2013, has not been submitted for the Financial Years 2018-19, 2019-20, 2020-21, 2021-22, 2022-23, 2023-24, and 2024-25.
- Taxes: Furthermore, the auditor mentioned that the company is not regular in filing GST and TDS.
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