B.A.G. Convergence Limited approved its audited financial results for the half year and full year ended March 31, 2026, at a Board of Directors meeting held on May 15, 2026. The results, prepared in accordance with Indian Accounting Standards (Ind-AS) under Section 133 of the Companies Act, 2013, and in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were reviewed by the Audit Committee prior to board approval. The statutory audit was conducted by Joy Mukherjee & Associates, Chartered Accountants (FRN: 006792C), who issued an unmodified audit opinion on the financial statements.

Financial Performance: Full Year FY26 vs FY25

The company recorded meaningful growth across key financial metrics for the year ended March 31, 2026. Revenue from operations rose to ₹4,320.61 lakhs from ₹3,563.35 lakhs in the prior year, while other income increased significantly to ₹113.96 lakhs from ₹21.79 lakhs. The following table summarises the key financial results:

Employee benefits expense for the full year stood at ₹710.11 lakhs versus ₹416.58 lakhs in FY25, while depreciation and amortisation increased to ₹305.89 lakhs from ₹85.44 lakhs. Finance costs for the year were ₹156.73 lakhs compared to ₹49.97 lakhs in the prior year.

Half-Year Performance: H2 FY26 vs H2 FY25

For the half year ended March 31, 2026, B.A.G. Convergence reported total revenue of ₹2,231.20 lakhs, compared to ₹2,206.69 lakhs for the half year ended March 31, 2025. Net profit for the second half stood at ₹473.93 lakhs, against ₹526.80 lakhs in the corresponding period of the prior year. The following table provides a comparative view:

Balance Sheet Highlights as at March 31, 2026

The company's total assets expanded significantly to ₹10,240.78 lakhs as at March 31, 2026, from ₹4,384.22 lakhs as at March 31, 2025. Cash and cash equivalents grew to ₹4,474.21 lakhs from ₹1,826.72 lakhs, reflecting the inflow from the IPO. Shareholders' funds stood at ₹7,693.37 lakhs, up from ₹2,220.91 lakhs, driven by an increase in share capital to ₹2,121.88 lakhs and reserves and surplus rising to ₹5,571.49 lakhs from ₹659.03 lakhs.

IPO and Utilisation of Proceeds

B.A.G. Convergence successfully completed its Initial Public Offering comprising 56,00,000 fully paid-up equity shares of face value ₹10 each at an issue price of ₹87 per share, including a share premium of ₹77 per equity share, aggregating to ₹4,872.00 lakhs. The equity shares were allotted on October 6, 2025, and listed on the NSE Emerge Platform on October 8, 2025. Acuite Ratings & Research Limited has been appointed as Monitoring Agency for monitoring utilisation of IPO proceeds pursuant to Regulation 41 of SEBI (ICDR) Regulations. The company confirmed there has been no deviation or variation in the utilisation of IPO proceeds from the objects stated in the Prospectus dated October 03, 2025.

The utilisation of IPO proceeds as at March 31, 2026 is summarised below:

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was ₹(1,451.06) lakhs, compared to net cash generated of ₹1,256.67 lakhs in the prior year. Net cash used in investing activities was ₹(409.41) lakhs versus ₹(514.86) lakhs in FY25. Net cash from financing activities was ₹4,507.96 lakhs, primarily driven by proceeds from the IPO of ₹4,872.00 lakhs. As a result, cash and cash equivalents at the end of the year stood at ₹4,474.21 lakhs, up from ₹1,826.72 lakhs at the beginning of the year. The company operates in a single business segment, and accordingly, segment reporting requirements are not applicable.

B.A.G. Convergence Limited has notified the National Stock Exchange of India Limited of a forthcoming Board of Directors meeting, scheduled for Friday, May 15, 2026, at its Corporate Office located at FC-23, Sector 16A, Film City, Noida. The intimation was filed on May 06, 2026, pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The board meeting has been convened to consider and approve, inter alia, the audited financial results of the company for the financial year ended on March 31, 2026. The key details of the scheduled meeting are outlined below:

Trading Window Closure

In accordance with the company's Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing or trading in the securities of the company by designated persons and their relatives shall remain closed until May 17, 2026. The company had previously communicated this closure vide its letter dated March 27, 2026.

The intimation was signed by Kriti Jain, Company Secretary and Compliance Officer of B.A.G. Convergence Limited, on May 06, 2026.