Bharat Global Developers Ltd

AGM Details

• Date and time: 28 September 2026, 2:00 PM.
• Mode: VC/OAVM; no physical venue.
• Remote e-voting: 25–27 Sep 2026; Insta Poll at meeting end.

Ordinary Resolutions

• Adopt audited financial statements for year ended 31 March 2026.
• Re-appoint Dharmesh Solanki by rotation.
• Appoint M/s R B Gohil & Co as statutory auditor.

Voting Status

• Final voting results awaited; Scrutinizer to report within two working days.

Bharat Global Developers Limited — Closure of Trading Window from Thursday, October 01, 2026 till 48 hours after the declaration of the Un-audited Financial Results for the quarter and half year ended September 30, 2026.

AGM schedule and voting window

• AGM scheduled for Monday 28 September 2026 at 02:00 PM IST via VC/OAVM.
• E-voting cut-off date set as Monday 21 September 2026.
• E-voting start date and time: Friday 25 September 2026 at 09:00 AM.
• E-voting end date and time: Sunday 27 September 2026 at 05:00 PM.
• Book closure: 22 September 2026 to 28 September 2026, inclusive.

Overview

• Standalone BRSR for the year ended 31 March 2026 (FY2025-26).
• Main activity is wholesale trading of construction materials, gold, agricultural products, textiles; 100% turnover.
• Reporting boundary is standalone; 1 national location; exports constitute 0% turnover.
• Listed on BSE; registered office in Ahmedabad.

Key ESG Risks & Opportunities

• Risk: raw material price volatility, supply chain disruptions, regulatory penalties, and demand fluctuations.
• Opportunity: stronger retailer/institution relationships and ESG-compliant operations improving access to finance.
• Impact: potential negative margins; penalties; enhanced liquidity with proactive ESG management.

Governance & Policy Highlights

• Board comprises six directors, with 33.3% women.
• No anti-corruption policy; Vigil Mechanism and POSH policy exist.
• Whistle-Blower policy and Human Rights policy are in place.
• 111 shareholder complaints in FY2025-26; 2 pending at year-end.
• No fines or penalties in the year; no external independent policy assessments disclosed.
• No formal sustainability committee disclosed.

Social Responsibility & Workforce

• Total workforce: 26 employees; 18 male, 8 female.
• Differently abled workers: none; premises accessible with ramps and lifts.
• Human Rights policy; equal opportunity; no discrimination.
• Parental leave taken: none; Whistle Blower protections in place.
• LTIFR zero; no fatalities; 100% internal safety audits; on-site health services.

Environmental Performance

• Energy consumption metrics not reported; energy intensity not disclosed.
• Water withdrawal not disclosed; wastewater discharged to local sewer or soak pits.
• Zero Liquid Discharge not implemented; waste generation not reported.
• No environmental certifications or specific targets noted.

Stakeholder Engagement & Complaints

• Key stakeholder groups: employees, government/regulators, customers, shareholders, local communities.
• Engagement channels include email, meetings, website, and annual reports; frequency annual or event-driven.
• Feedback platform available on the website; anonymized submissions to management.
• Shareholder complaints: 111 filed in FY2025-26; 2 pending at year-end.
• Other stakeholder complaints: none reported.

Other Notable Metrics

• Data privacy/cybersecurity: Information Security policy; no breaches or penalties.
• Advertising/cybersecurity/product safety penalties: none detected.
• 0% direct sourcing from MSMEs; 100% domestic sourcing; 100% metropolitan share.
• Product disposal: 100% recycling or safe disposal for relevant categories.
• Related party transactions: 0 across purchases, sales, loans, and investments.

Financial performance

• Revenue from operations: Rs 2,610.79 Lakhs in FY2025-26.
• Total income: Rs 2,719.32 Lakhs.
• Total expenses: Rs 2,729.75 Lakhs.
• Profit before tax: Rs -10.43 Lakhs.
• Profit after tax: Rs -8.60 Lakhs.
• EPS (Basic): Rs -0.01.

Segment and operations

• Agricultural Products revenue: Rs 2,610.79 Lakhs.
• Total segment revenue: Rs 2,610.79 Lakhs.
• Total segment assets: Rs 51,376.31 Lakhs.
• Total segment liabilities: Rs 51,376.31 Lakhs.
• Construction Materials revenue: Rs 0.00 Lakhs.

Capital structure & dividends

• Authorised capital: Rs 200 Crore.
• Paid-up capital: Rs 101.26 Crore.
• Dividend: No dividend for FY2025-26.
• No equity changes during the year.

Governance highlights

• Board size six; 2 Executive, 3 Independent directors.
• Statutory Auditor: M/s R B Gohil & Co appointed Oct 2025.
• Secretarial Auditor: H. Togadiya & Associates; five-year term proposed.
• Board meetings held 13 times in FY2025-26.
• Audit Committee: 3 members; chair Sanjay B Valgotar.
• SEBI interim order in Dec 2024; confirmatory order in Mar 2025 revoked.

Auditors & compliance flags

• KM Chauhan & Associates resigned July 4, 2025; RB Gohil & Co appointed.
• Secretarial audit flagged need to appoint Company Secretary; action planned.
• CSR disclosures: CSR policy on bgdl.co.in; 0 CSR spend in FY2025-26.
• Secretarial compliance report filed; no disqualifications.

Outlook & risks

• IMF projects India's 2026 growth at 6.4%, 2027 ~6.7%.
• Company remains optimistic; diversified segments to mitigate risk.
• Risks include commodity price fluctuations and regulatory changes.

CSR & ESG summary

• CSR obligation for FY2025-26: Rs 12.91 Lakhs; no spending this year.
• CSR committee met 1 time; CSR policy on bgdl.co.in.
• No ongoing CSR projects in FY2025-26.

Shareholder information & governance

• Shares listed on BSE; ISIN INE893C01032; BSE code 521238.
• Shareholding: public ~99.96%; promoters nil; Demat connectivity with NSDL/CDSL.
• RTA: Purva Sharegistry (India) Pvt. Ltd.

Price movement clarification

• Clarification on movement in Bharat Global Developers Ltd share price and price sensitive information.
• Company states it has disclosed all price sensitive information per Regulation 30 SEBI LODR 2015.
• No undisclosed price-sensitive information required to be intimated to exchanges.
• Movement in price is market-driven and not controlled by the company.
• Letter signed by MD Keyurkumar Patel on 03-09-2026.
• Company will continue to adhere to SEBI LODR regulations.
• No further price sensitive disclosures pending per SEBI Regulation 30.

AGM Details

• AGM scheduled: 28 September 2026 at 2:00 PM via VC/OAVM.
• Deemed venue: Registered Office, Ahmedabad.
• Books closed for AGM: 22 Sep 2026 to 28 Sep 2026.
• Remote e-voting window: 25 Sep 2026 09:00 to 27 Sep 2026 17:00; cut-off 21 Sep 2026.

Key Resolutions

• Adopt Audited financial statements for year ended 31 March 2026.
• Re-appoint Dharmesh Solanki as Director by rotation.
• Appoint M/s RB Gohil & Co as Statutory Auditor for five years.

Voting Results

• Voting results not disclosed in this filing; results to be declared after Scrutinizer's report.

Dividend

• Dividend: Not proposed due to losses for FY2025-26.

Director Changes

• Keyurkumar Pravinbhai Patel appointed Managing Director and CFO (Aug 29, 2025).
• Niyati Vaishnav Ambani appointed Independent Director (Apr 3, 2025); regularised Aug 2025.
• Tahir Mustufa Masalawala appointed Executive Director (Apr 3, 2025); regularised Aug 2025.
• Dheeraj Kumar Sahu appointed Company Secretary (Jul 4, 2025); resigned (Nov 30, 2025).
• Dharmesh Solanki added as Additional Non-Executive Director (Aug 29, 2025); regularised Nov 2025.
• Ketan Chavda appointed Additional Executive Director (Nov 20, 2025); regularised Feb 2026.

Auditor Appointments

• Statutory Auditor: M/s RB Gohil & Co appointed Oct 2025 for five years (to FY2030-31).
• Casual vacancy filled by M/s Sunit M Chhatbar & Co in July 2025; not approved by AGM.
• Secretarial Auditor: M/s H. Togadiya & Associates appointed for five years; postal ballot approved Nov 2025.

Material Related Party Transactions

• There were no material related party transactions in the year.

CSR & Governance

• CSR Committee formed July 2025; CSR policy available on company website.
• CSR obligation for the year: Rs 12.91 Lakhs; actual spending: Nil; due to oversight.
• Committee met once during the year (Sep 1, 2025).