B P Capital Ltd Q1 Results: Loss Narrows To ₹5.04 Lakh Amid Zero Revenue

B. P. Capital Limited reported a standalone loss of ₹5.04 lakh for the quarter ended June 30, 2026 (Q1FY26), a slight increase from the loss of ₹3.79 lakh recorded in the corresponding quarter of the previous year (Q1FY25). The company continued to record zero revenue from operations, other operating income, or other income during the period. This financial outcome underscores the company’s ongoing operational dormancy, as confirmed by statutory auditors who noted the absence of business revenue for a long time.

The Board of Directors of B. P. Capital Limited approved the unaudited standalone financial results on August 12, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the company’s statutory auditors, Nemani Garg Agarwal & Co. The Board meeting commenced at 12:00 noon and concluded at 1:15 p.m. at the company’s registered office in Sohna, Haryana.

Financial Performance Overview

Total expenses for the quarter stood at ₹5.04 lakh, compared to ₹3.79 lakh in Q1FY25. The primary components of these expenses were employee benefit expenses and other expenses. There were no costs of materials consumed, purchases of stock-in-trade, or changes in inventory. Finance costs remained minimal at ₹0.01 lakh. The company did not incur any depreciation, amortization, or tax expenses during the quarter.

Particulars	Q1FY26 (₹ in Lacs)	Q1FY25 (₹ in Lacs)	FY25 Total (₹ in Lacs)
Revenue from Operations	-	-	-
Other Operating Income	-	-	-
Other Income	-	-	-
Total Income	-	-	-
Employee Benefits Expenses	2.74	2.59	9.90
Finance Costs	0.01	-	0.02
Other Expenses	2.29	1.20	6.84
Total Expenses	5.04	3.79	16.76
Profit/(Loss) Before Tax	(5.04)	(3.79)	(16.76)
Profit/(Loss) After Tax	(5.04)	(3.79)	(16.76)
Basic EPS (₹)	(0.08)	(0.06)	(0.28)

Operational Status and Auditor Observations

Nemani Garg Agarwal & Co., the statutory auditors, emphasized that the company has no business revenue since a long time and there are no movements in the majority of assets and liabilities outstanding for a long time. Additionally, the auditors noted that the company had recorded the cost of non-current investments of ₹2.67 crore at acquisition cost but had not determined the fair value as required by IND AS 109. The management stated it is exploring possibilities for starting new business operations.

Listing Fee Default and Trading Restrictions

A critical disclosure in the filing relates to the company’s default in paying Annual Listing Fees (ALF) to BSE Limited. The company defaulted on ALF aggregating to ₹21,53,500 for the financial years 2022-23, 2023-24, 2024-25, and 2025-26. During the current quarter, the company made a part payment of ₹12,00,000 towards the outstanding dues on May 22, 2026.

Due to this default, action was initiated against the company under BSE circular LIST/COMP/OPS/16/2019-2020 dated June 11, 2019, and Notice 20190903-37 dated September 3, 2019. Consequently, trading in the company’s shares is permitted only on a Trade-for-Trade basis on the first trading day of every week until the outstanding dues are cleared. Management believes the remaining dues will be cleared soon as they arrange necessary funds.

B. P. Capital Limited reported a net loss of ₹16.76 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹16.09 lakh in the previous year. The company recorded zero income from operations for both the quarter and the year ended March 31, 2026. The board of directors approved the standalone audited financial results in a meeting held on May 27, 2026.

The company’s total expenses for FY26 stood at ₹16.76 lakh, up from ₹16.09 lakh in FY25. For the quarter ended March 31, 2026, the net loss was ₹5.15 lakh, compared to a net loss of ₹4.49 lakh in the corresponding period of the previous year. The paid-up equity share capital remained constant at ₹601.18 lakh.

Financial Performance

The following table outlines the financial results for B. P. Capital Limited for the quarter and year ended March 31, 2026:

Particulars	For the Quarter ended 31-Mar-26 (Audited)	Year Ended 31-Mar-26 (Audited)
Total Income	-	-
Total Expenses	5.15	16.76
Profit/(Loss) before tax	(5.15)	(16.76)
Net Profit/(Loss) for the period	(5.15)	(16.76)
Earnings per share (EPS) - Basic	(0.09)	(0.28)

Auditor's Observations

M/s Nemani Garg Agarwal & Co., Chartered Accountants, issued an audit report with an unmodified opinion. However, the auditors emphasized that the company has not determined the fair value of investments costing ₹2.67 crore as required by Ind AS 109. Additionally, the auditors noted that the company has had no business revenue for a long time and there has been no movement in the majority of assets and liabilities.

Corporate Governance

Based on the recommendation of the Audit Committee, the board reappointed M/s Sanghi & Co., Chartered Accountants as the internal auditor of the company for the financial year 2026-27. The statutory auditors also confirmed that the financial statements comply with Indian Accounting Standards (Ind AS).