Bharatam Ventures reports FY26 loss, approves sugar sector acquisition

1 min read     Updated on 01 Jun 2026, 02:20 PM
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AI Summary

Bharatam Ventures Limited reported a net loss of ₹1,396.99 lakh for FY26, a significant decline from the net profit of ₹14.53 lakh in FY25, with total income dropping to ₹2,414.07 lakh. The board approved the acquisition of a 99.9987% stake in Penganga Sakhar Karkhana Private Limited for ₹17.99 million to enter the sugar sector. Additionally, the company published its financial results in newspapers on May 31, 2026, and appointed CA Rushikesh A Kakade as internal auditor and Mr. Rahul Chandrashekhar Chandratre as an Additional Director.

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Bharatam Ventures Limited reported a net loss of ₹1,396.99 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹14.53 lakh in the previous year. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Additionally, the board approved the acquisition of a 99.9987% equity stake in Penganga Sakhar Karkhana Private Limited for ₹17.99 million to expand into the sugar and allied agro-processing business.

The standalone financial results for FY26 show total income of ₹2,414.07 lakh, down from ₹4,832.30 lakh in the previous year. The company reported an exceptional item of ₹825.52 lakh during the year. Earnings per share (EPS) for the year stood at (₹279.40), compared to ₹2.91 in FY25. The consolidated results reflected a net loss of ₹1,452.02 lakh for the year, with EPS at (₹290.40).

The board appointed CA Rushikesh A Kakade as the internal auditor for FY 2026-27. Mr. Rahul Chandrashekhar Chandratre was appointed as an Additional Director designated as Non-Executive Director, effective from May 28, 2026, subject to shareholder approval. The trading window for the company's securities will remain closed until 48 hours after the declaration of financial results.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the financial results in newspapers on May 31, 2026. The advertisements appeared in News Hub (English) and Pratahkal (Marathi).

Acquisition Details

Particulars Details
Target Company Penganga Sakhar Karkhana Private Limited
Stake Acquired 99.9987% (1,49,998 equity shares)
Purchase Consideration ₹17.99 million (₹120 per share)
Target Turnover (FY 2025-26) ₹8,352.89 Lakhs
Completion Timeline Within 30 days from execution of Share Purchase Agreement

Key Financial Metrics (Standalone)

Metric FY26 (₹ Lakhs) FY25 (₹ Lakhs)
Total Income 2,414.07 4,832.30
Total Expenses 2,991.40 4,630.00
Net Profit/(Loss) (1,396.99) 14.53
EPS (Basic) (279.40) 2.91

Historical Stock Returns for Pet Plastics

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How does the company plan to finance the ₹17.99 million acquisition given the reported net loss?

What specific synergies does Bharatam Ventures expect to achieve by integrating Penganga Sakhar Karkhana's agro-processing operations?

Will the acquisition of Penganga Sakhar Karkhana be sufficient to offset the 50% decline in total income reported in FY26?

Bharatam Ventures Limited Confirms Non-Applicability as Large Corporate Under SEBI Debt Securities Regulations

1 min read     Updated on 01 May 2026, 03:43 PM
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Bharatam Ventures Limited (formerly Pet Plastics Limited) has notified BSE Limited that it does not qualify as a Large Corporate under SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, regarding debt securities issuance by large entities. The confirmation was submitted on April 09, 2026, and digitally signed by Managing Director Abhinath Shinde. This regulatory compliance notification ensures proper record-keeping with the exchange regarding the company's status under applicable SEBI frameworks.

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Bharatam Ventures Limited has officially confirmed to BSE Limited that it does not qualify as a Large Corporate under the Securities and Exchange Board of India (SEBI) regulations governing debt securities issuance by large entities. The pet plastics company, formerly known as Pet Plastics Limited, submitted this regulatory compliance notification on April 09, 2026.

Regulatory Compliance Notification

The company addressed its confirmation to BSE's Department of Corporate Services, referencing SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular specifically deals with fund raising through issuance of debt securities by large entities and establishes criteria for determining Large Corporate status.

Parameter Details
SEBI Circular Reference SEBI/HO/DDHS/CIR/P/2018/144
Circular Date November 26, 2018
Submission Date April 09, 2026
Recipient BSE Limited, Department of Corporate Services

Company Information and Authorization

The notification was digitally signed by Abhinath Shinde, Managing Director of Bharatam Ventures Limited, bearing DIN 07076684. The company operates from its registered office at 1301, Signature Business Park Commercial Premised Co-Op Society Ltd., Postal Colony, Near Fine Arts Society, Chembur, Mumbai – 400071, Maharashtra, India.

Corporate Details

Bharatam Ventures Limited, incorporated under CIN L66190MH1985PLC037217, maintains its operations under the new corporate identity while acknowledging its former name as Pet Plastics Limited. The company's contact information includes phone number +91 82370 27000 and email petplasticslimited@gmail.com .

Regulatory Implications

This confirmation serves as an important regulatory disclosure, ensuring that BSE maintains accurate records regarding the company's status under SEBI's debt securities framework. The notification specifically states that the company does not meet the applicability criteria established under the referenced SEBI circular for Large Corporate classification.

The submission requests BSE to update its records accordingly and provide acknowledgment of receipt, completing the regulatory compliance process for this particular SEBI circular requirement.

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What are Bharatam Ventures' plans for future debt fundraising given its non-Large Corporate status under SEBI regulations?

How might the company's rebranding from Pet Plastics Limited to Bharatam Ventures Limited signal a strategic shift in business focus or market positioning?

Will Bharatam Ventures pursue alternative funding mechanisms or capital market instruments now that it's confirmed as not being subject to Large Corporate debt issuance rules?

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