Bharat Global Developers Limited (formerly known as Kkrrafton Developers Ltd) has submitted revised unaudited standalone financial results for the quarter and nine months ended December 31, 2025, to the Bombay Stock Exchange. The company reported a significant decline in financial performance during the third quarter of FY26, recording a net loss compared to the profitable performance in the corresponding period of the previous year.

Financial Performance Overview

The company's financial results for Q3 FY26 show a marked deterioration in operational performance. The most striking aspect of the results is the complete absence of revenue from operations during the quarter, which stood at zero compared to ₹27,602.66 lakhs in Q3 FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Bharat Global Developers achieved revenue from operations of ₹2,610.79 lakhs, significantly lower than ₹54,642.86 lakhs recorded in the corresponding period of FY25. Despite the revenue decline, the company maintained profitability for the nine-month period with a net profit of ₹121.26 lakhs, though this was substantially lower than the ₹1,404.03 lakhs profit achieved in the previous year.

Segment-wise Revenue Distribution

The company operates across multiple business segments, with segment-wise revenue showing varied performance patterns. For Q3 FY26, all segments reported zero revenue, while the nine-month period showed concentration in agricultural products, which generated ₹2,610.79 lakhs in revenue. Other segments including construction material, gold, textile, and electronics recorded no revenue during the nine-month period.

Expense Management and Profitability

During Q3 FY26, total expenses amounted to ₹38.63 lakhs, primarily comprising depreciation expenses of ₹1.75 lakhs and other expenses of ₹36.88 lakhs. The absence of revenue resulted in a pre-tax loss of ₹38.63 lakhs. After accounting for deferred tax benefit of ₹0.16 lakhs, the net loss for the quarter stood at ₹38.47 lakhs.

Capital Structure and Share Information

The company maintains a stable capital structure with paid-up equity share capital of ₹10,125.96 lakhs, consisting of shares with a face value of ₹10.00 each. The earnings per share for Q3 FY26 was negative ₹0.04 on both basic and diluted basis, compared to positive ₹0.14 in the corresponding quarter of the previous year.

Regulatory Compliance and Audit

The revised financial results were submitted following discrepancies identified by the stock exchange regarding the format compliance with Ind-AS standards. The unaudited financial results have been reviewed by statutory auditors R.B. Gohil & Co. Chartered Accountants and were approved by the Audit Committee on February 13, 2026, followed by Board approval on the same date.

Bharat Global Developers Limited has submitted its quarterly compliance certificate to the Bombay Stock Exchange, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) of SEBI regulations through its Managing Director, Keyurkumar Pravinbhai Patel. The submission was made to BSE on April 15, 2026, for the company's scrip code 521238.

Share Transfer Agent Confirmation

Purva Sharegistry (India) Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate. The RTA confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, certified that security certificates received for dematerialisation were duly verified, mutilated, and cancelled after confirmation by depository participants. The names of depositories were substituted in the register of members as registered owners following regulatory procedures.

Dematerialisation Activity Details

The quarter witnessed significant dematerialisation activity with 21 separate transactions processed between January 1, 2026, and March 31, 2026. The transactions involved various shareholders and covered a total of 430 shares.

Notable Transactions

Key dematerialisation transactions during the quarter included:

• Pawan Kumar Patni: 100 shares dematerialised on February 10, 2026
• Manish Kapurchand Maniyar: 70 shares processed on March 13, 2026
• Bharat C Shah: 50 shares dematerialised on February 20, 2026
• Multiple transactions of 20 shares each for various shareholders

The dematerialisation process ensures electronic holding of shares, eliminating physical certificates and facilitating easier trading and transfer of securities. This quarterly filing demonstrates Bharat Global Developers' commitment to maintaining proper regulatory compliance and transparent shareholder services.