Bloom Industries has scheduled a Board of Directors meeting for September 8, 2026, to consider the re-appointment of Mr. Akash Gupta as Whole-time Director.

The company informed the Bombay Stock Exchange that the meeting will address several key corporate governance matters. The primary agenda item is the approval of Mr. Gupta’s re-appointment as a Key Managerial Personnel (KMP) for a further period of five years.

Key Agenda Items

The Board will deliberate on the following resolutions:

• Re-appointment of KMP: Approve the re-appointment of Mr. Akash Gupta (DIN: 01326005) as Whole-time Director from October 1, 2026, to September 30, 2031, subject to shareholder approval.
• Internal Auditor: Appointment of the Internal Auditor for FY27.
• Annual General Meeting: Fix the date and time for the 37th Annual General Meeting (AGM) and approve the notice thereof.
• Book Closure: Determine the book closure date for the 37th AGM.
• Scrutinizer: Appoint a Scrutinizer for the forthcoming AGM.
• Director’s Report: Consider and approve the Director’s Report for FY26.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting aims to ensure compliance with statutory requirements regarding managerial appointments and annual general meetings.

Bloom Industries reported a net profit of ₹20.45 lakh for the quarter ended June 30, 2026, compared to ₹13.34 lakh in the same period of the previous fiscal year. This represents a year-on-year increase of approximately 53% in profitability despite a significant contraction in top-line revenue.

Revenue from operations stood at ₹3.35 crore (₹334.53 lakh), down sharply from ₹5.55 crore (₹554.61 lakh) in Q1FY25. Total income for the quarter was also ₹3.35 crore, as other income remained nil. In contrast, the previous year’s quarter saw no other income contribution either.

Financial Performance Breakdown

The company’s cost structure adjusted in line with lower sales volumes. Purchase of stock-in-trade decreased to ₹2.71 crore (₹270.93 lakh) from ₹5.07 crore (₹507.28 lakh) in Q1FY25. Employee benefit expenses were contained at ₹3.20 lakh, down from ₹4.48 lakh year-on-year.

Finance costs rose slightly to ₹15.66 lakh from ₹12.64 lakh in the prior year quarter. Other expenses increased to ₹16.18 lakh from ₹11.69 lakh. Depreciation and amortisation remained stable at ₹0.71 lakh.

What the Numbers Show

The divergence between revenue decline and profit growth highlights improved cost efficiency or margin preservation in the iron and steel trading segment. While revenue contracted by nearly 40%, total expenses fell by a similar magnitude, allowing pre-tax profits to rise by over 56%. The absence of exceptional items or other income indicates that the profit improvement was driven entirely by operational performance relative to costs.

Tax expense for the quarter was ₹7.40 lakh (current tax ₹6.99 lakh + deferred tax ₹0.41 lakh), compared to ₹4.48 lakh in Q1FY25. The effective tax rate appears higher in absolute terms due to the smaller base, though proportional impact requires further analysis.

Corporate Governance & Audit

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 13, 2026. Tibrewal Chand & Co., Chartered Accountants, conducted a limited review pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015. The firm issued a clean review report, stating nothing came to their attention suggesting material misstatement.

The company operates in a single segment — Iron & Steel Trading — and thus segment-wise disclosures are not furnished under Ind AS 108. Figures for the quarter ended March 31, 2026, are balancing figures between audited full-year data and unaudited year-to-date figures.

Akash Gupta, Whole Time Director, signed off on the results. The company’s registered office is located in Rourkela, Odisha.