Bharat Agri Fert & Realty Ltd reported a widened net loss of ₹503.04 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹91.53 lakh in the previous year, as revenue declined and expenses increased. 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 declined to ₹2,248.48 lakh from ₹2,534.90 lakh in FY25, while total expenses increased to ₹2,975.09 lakh from ₹3,356.68 lakh in the prior year.

Financial Performance

The company reported a total income of ₹2,448.52 lakh for FY26, down from ₹3,264.55 lakh in the previous year. For the quarter ended March 31, 2026, the company reported a profit of ₹122.78 lakh, compared to a profit of ₹426.82 lakh in the same quarter last year. Basic earnings per share (EPS) for the year stood at (0.95), compared to 0.17 in FY25.

Audit Qualifications

M/s. Desai Saksena & Associates, the statutory auditors, issued a modified opinion on the standalone financial results. The auditors highlighted that the carrying value of old overdue trade receivables was ₹10.21 crore as of March 31, 2026, for which the company made no provision. Additionally, the Fertiliser Segment incurred significant losses with nil capacity utilization, and the company did not conduct an impairment study for related property, plant, and equipment as required by Ind AS 36.

Segment Reporting

The Resort segment remained the primary revenue driver, contributing ₹1,921.87 lakh to the total revenue for the year. The Fertiliser segment reported revenue of ₹326.62 lakh, while the Construction segment recorded no revenue. The company's flagship hospitality property, Anchaviyo Resort, is undergoing an expansion to add 116 keys, increasing total capacity to 236 keys.

Board Decisions

The board approved the re-appointment of M/s. A Chaturvedi & Associates as Internal Auditors, M/s. S.R. Singh & Co. as Cost Auditors, and M/s. Desai Saksena & Associates as Tax Auditors for the financial year 2026-27. The trading window, which was closed since April 1, 2026, will reopen 48 hours after the declaration of the financial results.

Bharat Agri Fert & Realty Limited has issued a public notice regarding the corrigendum to its postal ballot notice, ensuring compliance with SEBI Listing Regulations while addressing a typographical error in the Chairman & Managing Director re-designation period.

Regulatory Compliance and Public Notice

The company issued a public notice on April 14, 2026, to BSE Limited under Regulations 47 and 30 of the SEBI Listing Regulations. The notice pertains to newspaper advertisements published on April 11, 2026, in The Free Press Journal (English) and Navshakti, Mumbai Edition (Marathi), regarding the corrigendum to the postal ballot notice dated April 2, 2026.

Corrigendum Details

The corrigendum addresses a typographical error in the postal ballot notice regarding Mr. Vijal Yogendra Patel's re-designation as Chairman & Managing Director. The correction specifically modifies the appointment period dates to ensure accuracy.

Document Availability and Communication

The corrigendum and related documents have been made available through multiple channels to ensure comprehensive stakeholder communication. The company has maintained transparency by publishing the information across various platforms.

The corrigendum is accessible on the company's website at www.bafri.com and has been uploaded on BSE Limited's website at www.bseindia.com . All other information contained in the original postal ballot notice remains unchanged, with no modification to the resolution or the ongoing e-voting process.

Company Operations

Bharat Agri Fert & Realty Limited operates as a manufacturer of Single Superphosphate in both powder and granulated forms. The company maintains its registered office at 301, Hubtown Solaris, N.S. Phadke Marg, Andheri (E), Mumbai - 400 069, and operates manufacturing facilities at Kharivali Village in Palghar district, Maharashtra.