Bhageria Industries Ltd

Regulatory proceedings

• SAT adjourned the matter; final disposal scheduled for October 21, 2026.
• SEBI order dated 31 March 2023 remains stayed until Oct 21, 2026.
• Annexure I with Listing Regulations disclosures is enclosed.

Legal update

• SAT adjourned the matter; final disposal now scheduled for Oct 21, 2026.
• Stay on SEBI order dated March 31, 2023 remains in effect until disposal.
• Order copy uploaded on 30 July 2026; formal confirmation forthcoming.

Publication of unaudited results

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Board meeting held on 2 August 2025 approved the results.
• Newspaper advertisement published on 23 July 2026 in Business Standard and Tarun Bharat.
• Results also available on the company's website.

Board meeting to approve results

• Board to approve standalone and consolidated unaudited results for quarter ended 30 June 2026.
• Meeting scheduled for July 22, 2026.
• Trading window closed from July 1, 2026 until 48 hours after results.
• Regulatory compliance under SEBI LODR regulations referenced.

Meeting Details

• Board meeting scheduled for July 22, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results declaration.

AGM and IAR access

• 37th AGM scheduled for 1 Aug 2026 at 12:30 IST via Video Conferencing/OAVM.
• Shareholders without registered emails will receive a link and QR code to access AGM notice and Integrated AR.
• IAR accessible at bhageriagroup.com; exact path: financial-information.

Financial performance

• Standalone total income ₹880.56 cr; YoY growth 45.9%.
• Standalone PAT ₹50.30 cr; up 19%.
• Standalone EPS ₹11.52; dividend payout 21.69%.
• Standalone EBITDA ₹102.25 cr; EBITDA margin 11.61%.
• Consolidated total income ₹880.79 cr; PAT ₹44.49 cr.
• Consolidated EBITDA ₹98.00 cr; PAT margin 5.09%.

Business mix and growth

• Chemicals revenue ₹829.56 cr; plant utilization 95-97%.
• Solar turnover ₹26.86 cr; total installed capacity 21 MW.
• Pharma standalone revenue ₹4.20 cr; EBITDA negative ₹5.49 cr.
• H-Acid capacity expanded 400→500 MT/month; ₹50-₹75 cr incremental revenue.
• Tarapur plasticizers line started December 2025.
• Rahuri Cleantech commissioned 14 MW; +7 MW in Mar 2026; Khanapur 7 MW online May 2026.
• Solar pipeline under MSKVY 2.0 totals 32 MW.

Dividends and capital allocation

• Final dividend proposed ₹2.50 per equity share for FY25-26.
• Dividend payout 21.69% of profits; subject to shareholder approval.
• Record date 24 July 2026; dividend payable within 5 days of declaration.
• Stock bonus of 1:1 announced in the company history.

Capital structure and liquidity

• Authorized share capital ₹25 cr; issued & paid-up ₹21.82 cr.
• Equity shares at ₹5; 4,36,44,180 shares outstanding.
• OCDs: 60 lakh; equity component ₹3.5382 cr; maturity 2032.
• Net debt ₹97.10 cr; equity ₹597.22 cr; gearing 0.16x.
• Bahrain subsidiary Bhageria Industries Holding Company W.L.L liquidated Nov 2025.

Governance and audit

• Board: 7 directors; 3 executive, 4 independent; 1 woman director.
• Statutory auditors: Sarda & Pareek LLP; Cost Auditor: M/s KV M & Co.
• Internal Auditors: Kamal Dhanuka & Co.; Secretarial: GMJ & Associates.
• 37th AGM: 1 Aug 2026 via VC/OAVM; e-voting 29-31 July 2026.
• Special resolutions include re-appointments of Suresh Bhageria, Vinod Bhageria, and Vikas Bhageria.

Subsidiaries and group structure

• Five subsidiaries: Bhageria & Jajodia Pharmaceuticals; Rahuri Cleantech; Salasar Renewables; Hikaru Solar; New Ahilyanagar Solar.
• No material subsidiary per policy; no joint venture or associate as of 31 Mar 2026.
• Liquidation of Bhageria Industries Holding Company W.L.L. completed Nov 2025.

CSR and ESG

• CSR policy focuses on health, education, environment, rural transformation.
• FY25-26 CSR spend ₹33.99 lakh; average net profit ₹70.51 lakh; 2% obligation ₹70.51 lakh.
• End-year CSR shortfall ₹2.43 crore; ₹2.815? carried forward from prior years utilized.
• ESG frameworks: TCFD, CDP, and SBTi; Khanapur solar plant operational.

Outlook and risks

• FY2026-27 outlook positive; chemicals capacity, solar execution, and regulatory readiness supportive.
• Risks include raw material cost volatility, energy prices, currency movements, and policy changes.
• Strategy emphasizes core business strength, automation, R&D, and disciplined capital allocation.

AGM details

• 37th AGM scheduled for August 1, 2026, 12:30 PM via VC/OAVM.
• Notice and integrated AR available on company website and stock exchanges.
• Remote e-voting window: 29-31 July 2026; participation allowed by VC/OAVM.

AGM Details

• Date and time: 1 August 2026, 12:30 PM.
• Mode: VC/OAVM (Video Conferencing/Other Audio Visual Means).
• Record date: 24 July 2026.
• Book closure: 25 July to 1 August 2026.

Dividend

• Final dividend proposed: ₹2.50 per equity share.

Key Resolutions

• Adopt standalone and consolidated financial statements and reports.
• Declare dividend on equity shares for the year.
• Re-appoint Vikas Bhageria by rotation.
• Re-appoint Suresh Bhageria as Executive Director & Chairman for 3 years.
• Re-appoint Vinod Bhageria as Managing Director for 3 years.
• Re-appoint Vikas Bhageria as Jt. Managing Director for 3 years.
• Remuneration to Cost Auditor for FY 2026-27: ₹2,00,000 plus GST.

Directors & Management

• Suresh Bhageria re-appointed as Executive Director & Chairman for 3 years starting 1 Apr 2027.
• Vinod Bhageria re-appointed as Managing Director for 3 years starting 1 Apr 2027.
• Vikas Bhageria re-appointed as Jt. Managing Director for 3 years starting 1 Apr 2027.
• Vikas Bhageria to retire by rotation.

Auditors & Secretarial

• Statutory auditors: Sarda & Pareek LLP; tenure to 38th AGM (2027).
• Secretarial auditors: GMJ & Associates.
• Cost auditors: K V M & Co; ₹2,00,000 plus GST for FY2026-27.
• Internal auditors: Kamal Dhanuka & Co.

Related Party Transactions

• Corporate guarantee to Axis Bank for Rahuri Cleantech loan (₹102 crore).
• Loans and balances/transactions with subsidiaries and related parties disclosed.

Other All approvals

• No ESOPs or mergers noted in this filing.