Bhaskar Agrochemicals Limited reported a net profit of ₹468.41 lakh for the financial year ended March 31, 2026, representing a 20.2% increase from ₹389.70 lakh in the previous year. Revenue from operations for FY26 surged 34.7% to ₹12,191.81 lakh, compared to ₹9,050.60 lakh in FY25, driven by strong operational performance. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

For the quarter ended March 31, 2026 (Q4FY26), the company reported a net loss of ₹81.62 lakh, contrasting with a net profit of ₹73.49 lakh in the same quarter of the previous year. Revenue from operations for Q4FY26 stood at ₹2,857.73 lakh, up from ₹2,231.17 lakh in Q4FY25. The statutory auditors, M/s. R. Kankaria & Uttam Singhi, issued an audit report with an unmodified opinion on the financial results.

Financial Performance Summary

The board appointed Mr. Sunesh Agarwal, Chartered Accountant, as the Internal Auditor for FY27, and M/s. Vivek Surana & Associates, Practicing Company Secretaries, as the Secretarial Auditor for the same period. The trading window for designated persons remains closed until 48 hours after the declaration of financial results.

Bhaskar Agro Chemicals Limited has announced significant changes to its board composition following a meeting held on March 31, 2026, at the company's registered office. The board approved the appointment of two new independent directors while completing the tenure of two existing directors, along with reconstituting key board committees.

Board Appointments and Departures

The company's board, based on recommendations from the Nomination and Remuneration Committee, approved strategic changes to strengthen its governance structure. The meeting, which commenced at 04:00 PM and concluded at 04:45 PM, addressed key appointments and departures.

New Director Profiles

Mr. Sanjeev Kumar Koritala brings extensive experience in financial management and strategic planning within the automobile retail sector. He currently serves as Group Chief Financial Officer of the Harsha Group, one of South India's leading automobile dealership groups. In his CFO role, he oversees financial strategy, treasury operations, banking relationships, compliance, and risk management. His expertise includes driving financial discipline, optimizing capital structure, and supporting business expansion initiatives across multiple verticals.

Mr. Chandra Sekhar Pudi is a Management Consultant with over 25 years of professional experience. Since 2000, he has been actively engaged in advising organizations across sectors on business strategy, financial management, and operational efficiency. His expertise encompasses budgeting and financial planning, MIS and performance reporting systems, working capital and receivables management, sales performance evaluation, and internal control frameworks.

Committee Reconstitution

The board approved the reconstitution of three critical committees to align with the new board composition:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders Relationship Committee

These changes ensure continued compliance with regulatory requirements and strengthen the company's governance framework.

Regulatory Compliance

The appointments and changes were made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as required under SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The new appointments are subject to approval by the members of the company at the ensuing Annual General Meeting. These strategic board changes reflect the company's commitment to maintaining strong governance standards and bringing diverse expertise to guide its future growth.