Bhanderi Infracon Limited has submitted a regulatory filing to the Bombay Stock Exchange confirming the non-applicability of specific SEBI regulations for the quarter ended 31st March 2026. The disclosure relates to Regulations 57(4) and 57(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Status

The company has clarified that the aforementioned SEBI LODR regulations are not applicable to its operations due to the absence of non-convertible securities in its portfolio. This filing ensures compliance with regulatory disclosure requirements even when specific provisions do not apply to the company's current structure.

Key Compliance Confirmations

The company has provided specific confirmations regarding its obligations for the quarter ended 31st March 2026:

Filing Details

The regulatory submission was made on 03.04.2026 by Rinkal Ajay Patel, who serves as the Company Secretary and Compliance Officer. The filing was digitally signed and submitted to ensure proper documentation of the company's compliance status with the exchange.

Company Information

Bhanderi Infracon Limited operates from its registered office located at B/12, Jabuka Complex, Nr. Bajrang Ashram, Below Vikas School, NH-8, Thakkar Bapanagar, Ahmedabad. The company maintains its corporate identification number as L45201GJ2004PLC044481 and can be contacted through multiple communication channels including phone and email.

Bhanderi Infracon Limited , a real estate company listed on the SME platform of the Bombay Stock Exchange, has reported mixed financial results for the half-year ended September 30, 2025. The company's performance showcases a contrast between its standalone and consolidated operations.

Financial Highlights

All figures in lakhs

Standalone Performance

On a standalone basis, Bhanderi Infracon reported a net loss of ₹0.36 lakhs for the half-year. The company's operational income stood at ₹14.85 lakhs. Despite the loss, the company saw an improvement in its cash and cash equivalents, which increased from ₹3.43 lakhs as of March 31, 2025, to ₹416.16 lakhs by September 30, 2025.

Consolidated Results

The consolidated financial results paint a more positive picture. Bhanderi Infracon's consolidated operations generated a net profit of ₹25.04 lakhs for the half-year. The consolidated revenue reached ₹104.32 lakhs, significantly higher than the standalone figure.

Segment-wise Performance

The company's operations are primarily focused on the real estate sector. The consolidated segment reporting reveals:

All figures in lakhs

Balance Sheet Highlights

As of September 30, 2025:

All figures in lakhs

Corporate Structure

Bhanderi Infracon has expanded its corporate structure through acquisitions and investments:

1. The company has acquired over 75% equity shares in several subsidiaries:

   • Bhanderi Gandhinagar Project Pvt Ltd
   • Bhanderi Pethapur Project Pvt Ltd
   • Bhanderi Talod Project Pvt Ltd
   • Hareram Jems & Exports Pvt Ltd
   • Bhanderi Kethwada Pvt Ltd

2. Investments have been made in partnership firms:

   • Dharnidhar Developers (consolidated)
   • Girinari Infra (not consolidated due to pending account finalization)

The board of directors approved these unaudited financial results on November 14, 2025. It's worth noting that the company has not adopted the Indian Accounting Standards (IND AS), as it is exempt from doing so due to its listing on the SME exchange.

The contrasting performance between standalone and consolidated results suggests that Bhanderi Infracon's subsidiaries and partnerships are contributing positively to the overall group performance, despite challenges in the standalone operations.