Brandman Retail Limited Announces Financial Results for Quarter Ended June 30, 2026; Reconstitutes Board Committees
Brandman Retail Limited, formerly known as Brandman Retail Private Limited, has released its unaudited financial results and provided an update on its corporate governance following a Board meeting held on August 12, 2026. The company also reported the monitoring agency's findings regarding the utilization of proceeds from its Initial Public Offering (IPO).The Board reviewed and approved the standalone financial results for the quarter ended June 30, 2026, along with a Limited Review Report issued by Statutory Auditors. The company’s management presented key performance indicators across both standalone and consolidated entities in their respective quarterly reports.
Financial Highlights
For the quarter ending June 30, 2026, the company reported significant financial figures:Standalone Unaudited Financial Results (Quarter Ended 30-06-2026)
| Particulars | Amount (INR Lakhs) |
|---|---|
| Revenue from Operations | 451936 |
| Total Income | 4852.47 |
| Total Expenses | 6076.91 |
| Profit before tax (V-VI) | 636.24 |
| Earning per equity share (Basic) | 258 |
Consolidated Financial Results (Quarter Ended 30-06-2026)
| Particulars | Amount (INR Lakhs) |
|---|---|
| Total Income | 45273 |
| Profit before tax (V - VI) | 636.50 |
| Earning per equity share (Basic) | 258 |
Corporate Governance and Committee Reconstitution
The Board of Directors approved the reconstitution of three key committees in response to changes in the company's board composition, ensuring adherence to applicable corporate regulations.The reconstituted boards are as follows:
Audit Committee
| Name | Designation |
|---|---|
| Neha Shukla | Chairperson |
| Philippe Pierre Dubois | Member |
| Arun Malhotra | Member |
Nomination and Remuneration Committee
| Name | Designation |
|---|---|
| Neha Shukla | Chairperson |
| Philippe Pierre Dubois | Member |
| Kashika Malhotra | Member |
Stakeholders Relationship Committee
| Name | Designation |
|---|---|
| Neha Shukla | Chairperson |
| Philippe Pierre Dubois | Member |
| Arun Malhotra | Member |
IPO Proceeds Utilization Report
CARE Ratings Limited, the Monitoring Agency for the brandman Retail Limited (IPO size: 86.09 crore), provided a report on the utilization of issue proceeds for the quarter ended June 30, 2026.The monitoring agency reported that total funds utilized amount to 71.79 crore out of the planned 86.09 crore IPO proceeds as detailed below:
| Item Head | Amount Proposed (Crore) | Amount Utilized in Rs. Crore | Amount Unutilized (Rs. crore) |
|---|---|---|---|
| Funding Capital Expenditure for expansion of New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs) | 12.90 | 6.37 | 6.37 |
| Utilisation for SKECHERS | 15.00 | 7.14 | 7.86 |
| Working Capital Requirements for New EBOs and MBOs | 11.78 | 11.78 | 0.00 |
| Working Capital Requirements for Existing EBOs and MBOs | 26.72 | 26.70 | 0.02 |
| GCP | 8.56 | 8.52 | 0.04 |
| Issue Expenses | 11.12 | 11.12 | 0.00 |
| Total | 86.09 | 71.79 | 14.30 |
The Monitoring Agency noted that the funds for "Funding Capital Expenditure" were utilized partly for security deposits and furniture, while the utilization of proceeds for SKECHERS was 7.14 crore against a planned amount of 15.00 crore. The report detailed the objectives related to cost—including Original Cost (Offer Document) vs Revised Cost in Crore—and provided comments from both the Agency and the Board of Directors regarding implementation timelines and fund deployment.
BRANDMAN Stock Price Movement
On Wednesday, Brandman Retail Limited shares gained significantly, closing at ₹197.15 after a rally of 4.16%. The stock saw steady trading activity, with a total volume recorded at 39,200 shares during the 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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