Bajaj Global sets Sep 21 AGM; e-voting opens Sep 18

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • Bajaj Global schedules 41st AGM for September 21, 2026
  • Remote e-voting available from September 18 to 20 via CDSL
  • Record date for voting eligibility is September 14, 2026
  • Book closure period runs from September 15 to 21, 2026
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Bajaj Global has confirmed the date for its 41st Annual General Meeting (AGM), scheduled for September 21, 2026. The meeting will be held at 11:00 am at the company's registered office in Nagpur. Shareholders holding shares as on September 14, 2026, are eligible to vote.

The company announced that remote e-voting will be facilitated through Central Depository Services (India) Limited from September 18 to September 20, 2026. The Register of Members and Share Transfer Books will remain closed from September 15 to September 21, 2026, pursuant to Regulation 42 of the Listing Regulations.

Corporate Governance and AGM

The 41st Annual General Meeting is scheduled for September 21, 2026, at 11:00 am at the registered office in Nagpur. Pursuant to Regulation 42 of the Listing Regulations, the Register of Members and Share Transfer Books will remain closed from September 15, 2026 to September 21, 2026 (both days inclusive).

Key agenda items include:

  • Adoption of audited financial statements for FY26.
  • Re-appointment of Monal Malji as a director liable to retire by rotation.
  • Appointment of Ruchita Jain and Shweta Jejani as independent directors for five-year terms.
  • Appointment of Akshay Ranka as a non-executive director liable to retire by rotation.

Remote e-voting will be facilitated through Central Depository Services (India) Limited from September 18 to September 20, 2026. The record date for determining eligibility is September 14, 2026.

Financial Performance

Total income increased from ₹48.2 lakh in FY25 to ₹72.5 lakh in FY26. This growth was supported by higher interest income and dividend receipts. However, total expenses more than doubled from ₹26.3 lakh to ₹76.4 lakh, primarily driven by operational costs and bad debt provisions.

Metric FY26 FY25 Change
Total Income ₹72.5 lakh ₹48.2 lakh +50.4%
Total Expenses ₹76.4 lakh ₹26.3 lakh +190.3%
Profit Before Tax (₹3.9 lakh) ₹21.9 lakh Turnaround to Loss
Net Profit/Loss (₹414.5 lakh) ₹578.6 lakh Turnaround to Loss

The pre-tax position swung to a loss of ₹3.9 lakh from a profit of ₹21.9 lakh. The final net loss was significantly impacted by a deferred tax expense of ₹403.4 lakh, compared to a deferred tax benefit of ₹561.1 lakh in the previous year.

Investment Portfolio Volatility

A major factor in the year's performance was the movement in the equity investment reserve. The company recorded a loss of ₹1,199.5 lakh in other comprehensive income (OCI), driven by fair value declines in equity instruments. This contrasts sharply with an OCI gain of ₹1,253.9 lakh in FY25.

Total comprehensive income fell to a loss of ₹1,614.0 lakh in FY26, down from a gain of ₹1,832.4 lakh in FY25. The investment portfolio, valued at ₹1,787.3 lakh at year-end, includes holdings in companies such as Bajaj Steel Industries, Tashi India, and Supreme Industries.

Balance Sheet Highlights

Total assets declined to ₹2,290.0 lakh from ₹3,904.0 lakh in FY25. This reduction was largely due to a decrease in investments from ₹3,206.1 lakh to ₹1,787.3 lakh. Cash and cash equivalents stood at ₹256.1 lakh, down from ₹361.9 lakh.

Loans outstanding decreased to ₹223.1 lakh from ₹310.6 lakh. All loans are unsecured and considered good, with no non-performing assets reported. The company had no borrowings or term loans as of March 31, 2026.

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How will the significant swing to a net loss of ₹414.5 lakh in FY26 impact Bajaj Global's dividend policy for the upcoming fiscal year?

What strategic adjustments does management plan to implement to curb the 190% surge in operational expenses and bad debt provisions?

Given the ₹1,199.5 lakh loss in other comprehensive income from equity investments, will the company revise its portfolio allocation strategy to mitigate fair value volatility?

Bajaj Global Q1FY27 net profit falls 4.8% to ₹4.59 lakh on revenue dip

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Reviewed by
Jubin VScanX News Team
Key Highlights

Bajaj Global Limited's Q1FY27 net profit declined 4.8% to ₹4.59 lakh due to a 3.4% drop in revenue to ₹11.89 lakh. Operating expenses remained stable at ₹5.75 lakh. The results were reviewed by statutory auditors VMSS & Associates and approved by the Board.

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Bajaj Global Limited reported a net profit of ₹4.59 lakh for the first quarter of fiscal year 2027 (Q1FY27), ending June 30, 2026, marking a 4.8% year-on-year decline from the ₹4.82 lakh recorded in Q1FY26. The drop in profitability was primarily driven by a contraction in revenue from operations, which fell to ₹11.89 lakh compared to ₹12.31 lakh in the prior year’s corresponding quarter. The results were approved by the Board of Directors during a meeting held on August 04, 2026, at its registered office in Nagpur.

The financial performance reflects modest operational activity, with total income mirroring revenue from operations at ₹11.89 lakh, as other income remained nil. Expenses totaled ₹5.75 lakh, driven primarily by employee benefit expenses of ₹4.13 lakh and other expenses of ₹1.61 lakh. Depreciation and amortization expenses were minimal at ₹0.01 lakh. Notably, the company incurred no finance costs or purchases of stock-in-trade during the quarter, consistent with its primary business focus on financing activities.

Financial Performance Overview

The following table details the key financial metrics for Q1FY27 compared to the previous quarter (Q4FY26) and the same quarter last year (Q1FY26). All figures are in ₹ lakhs unless otherwise specified.

Particulars Q1FY27 (Unaudited) Q4FY26 (Audited) Q1FY26 (Unaudited)
Revenue from Operations 11.89 35.69 12.31
Other Income - - -
Total Income 11.89 35.69 12.31
Employee Benefit Expenses 4.13 4.42 4.13
Other Expenses 1.61 26.71 1.66
Total Expenses 5.75 58.78 5.80
Profit Before Tax 6.14 (23.09) 6.51
Tax Expense 1.55 405.78 1.69
Net Profit After Tax 4.59 (428.87) 4.82

Earnings per share (basic and diluted) stood at ₹55.36 for the quarter, a significant improvement from the loss of ₹143.95 per share in Q4FY26 but lower than the ₹3.72 per share earned in Q1FY26. The paid-up equity share capital remained unchanged at ₹74.25 lakh.

What the Numbers Show

The primary driver of the net profit decline is the reduction in revenue from operations, which dropped by approximately 3.4% year-on-year. While operating expenses remained relatively stable—totaling ₹5.75 lakh versus ₹5.80 lakh in Q1FY26—the slight dip in top-line growth was not offset by cost efficiencies. The absence of stock-in-trade purchases and finance costs underscores the company’s financing-oriented business model, where revenue generation is likely tied to interest or fee-based income rather than traditional trading activities. The tax expense decreased marginally to ₹1.55 lakh from ₹1.69 lakh in the prior year, aligning with the lower pre-tax profit of ₹6.14 lakh.

The results were reviewed by VMSS & Associates, the statutory auditors, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit committee also reviewed the financial statements before their approval by the Board. The company operates under Indian Accounting Standards (Ind AS), with no separate reportable segments disclosed due to its singular focus on financing.

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Given the 4.8% YoY decline in net profit and stable operating expenses, what specific strategic initiatives is Bajaj Global planning to implement to reverse the revenue contraction trend in Q2FY27?

How does the company's financing-oriented business model expose it to current interest rate fluctuations, and will management adjust its portfolio strategy to protect margins?

With revenue significantly lower in Q1FY27 compared to Q4FY26, are there seasonal factors at play, or does this indicate a structural slowdown in the company's core financing activities?

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