Bhagawati Gas reported a net profit of ₹99.08 lakh for the financial year ended March 31, 2026, compared to ₹14.24 lakh in the previous year. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. Revenue from operations for the year stood at ₹24.84 lakh, while other income increased to ₹254.45 lakh, which included a write-back of ₹235.24 lakh related to a long-outstanding creditor balance. The statutory auditors, M/s Jain Paras Bilala & Co., issued a qualified opinion on the financial results. The qualification stems from the company's failure to provide balance confirmations for advances totaling ₹366.47 lakh, which are considered doubtful for recovery, and the absence of a documented Expected Credit Loss (ECL) policy. Additionally, auditors noted the unavailability of bank statements for an ICICI Bank account holding a balance of ₹0.53 lakh and a lack of external confirmations for current borrowings of ₹27.00 lakh and other financial liabilities of ₹11.86 lakh.

Financial Performance

The company's total comprehensive income for FY26 rose to ₹101.65 lakh from ₹17.31 lakh in the previous year. Earnings per share (EPS) for the year improved to ₹0.61 from ₹0.10 in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹174.99 lakh, compared to a loss of ₹137.50 lakh in the same period last year.

Audit Qualifications and Emphasis Matters

Besides the qualified opinion, auditors drew attention to an emphasis of matter regarding the continued recognition of a receivable of ₹322.44 lakh under the "Vivad se Vishwas II (Contractual Disputes) Scheme". Management asserts the claim is reasonably certain based on legal opinions, though it remains pending for processing. Another emphasis of matter highlighted the write-back of ₹235.24 lakh in other income, based on management's assessment that no claims would arise from a creditor after a decade of silence.

The board also noted that the company does not fall under the Large Corporate category as per SEBI circulars regarding debt securities. The trading window for the company's securities, which was closed from April 1, 2026, will reopen 48 hours after the declaration of these financial results.

Bhagawati Gas Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018 for the quarter ended March 31, 2026, demonstrating continued adherence to regulatory requirements for share dematerialization processes.

Regulatory Compliance Submission

On April 14, 2026, Bhagawati Gas Limited submitted the mandatory certificate to BSE Limited, confirming compliance with dematerialization regulations. The certificate was received from Skyline Financial Services Private Limited, the company's Registrar and Share Transfer Agent (RTA), dated April 01, 2026.

Dematerialization Process Confirmation

The certificate confirms that all physical share certificates received for dematerialization during the quarter were processed in accordance with regulatory requirements. Skyline Financial Services Private Limited certified that securities have been properly listed and processed within the stipulated timeframe.

Corporate Information and Accessibility

The company, incorporated with CIN U24111RJ1974PLC005789, maintains its registered office at Banawas, P.O. Khetrinagar-333504, Dist. Jhunjhunu, Rajasthan, with corporate office at S-492/A, Greater Kailash-I, New Delhi-110048. The certificate has been made available on the company's website www.bglgroup.in for stakeholder access.

Ongoing Corporate Governance Activities

This regulatory submission follows the company's recent completion of postal ballot notice dispatch for corporate governance proposals, including director designation changes and secretarial auditor appointment. The company continues to demonstrate commitment to transparent regulatory compliance and stakeholder communication through multiple channels including BSE filings and website publications.