Nowrosjee Wadia & Sons Limited has confirmed that no shares of Bombay Burmah Trading Corporation Limited were encumbered directly or indirectly during the financial year ended March 31, 2026. The confirmation was submitted on behalf of the promoters and persons acting in concert, ensuring compliance with regulatory requirements regarding shareholding disclosures.

The disclosure was made to BSE Limited and the National Stock Exchange of India Ltd. in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates an annual confirmation from promoters regarding the encumbrance status of shares held in the target company.

The confirmation encompasses a list of 69 promoters and persons acting in concert. The list includes key individuals such as Nusli Neville Wadia and Ness Nusli Wadia, as well as various corporate entities within the Wadia Group, such as The Bombay Dyeing and Manufacturing Company Ltd and Go Airlines (India) Limited.

List of Promoters and Persons Acting in Concert

The filing was signed by Anurag Srivastav, Company Secretary of Nowrosjee Wadia & Sons Limited, on April 7, 2026. A copy of the disclosure was also forwarded to the Company Secretary and the Audit Committee of The Bombay Burmah Trading Corporation Limited.

The Board of Directors of Bombay Burmah Trading Corporation Limited convened a meeting on 13 May 2026 and approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026. The statutory auditors, Walker Chandiok & Co LLP, issued unmodified opinions on both the standalone and consolidated financial results. The Board resolved not to declare a final dividend for FY 2025-26, noting that an interim dividend of ₹17 (850%) per share on face value of ₹2 each had already been declared at the board meeting held on 13 February 2026. The 161st Annual General Meeting has been scheduled for Thursday, 13 August 2026, to be held through video conference or other audio-visual means, with the record date fixed at Thursday, 6 August 2026.

Q4 Consolidated Performance

For the fourth quarter, Bombay Burmah Trading Corporation reported strong year-on-year growth across key metrics. Consolidated revenue from operations rose to ₹4,817.99 crores from ₹4,518.82 crores in the same period last year, while profit after tax grew to ₹780.80 crores from ₹584.78 crores. Total comprehensive income for Q4 FY26 stood at ₹877.58 crores compared to ₹578.04 crores in Q4 FY25. The following table summarises the Q4 consolidated highlights:

Consolidated Financial Performance

The Group delivered a robust performance for FY26, with consolidated revenue from operations rising to ₹19,538.62 crores from ₹18,298.01 crores in FY25. Profit after tax grew to ₹2,499.25 crores compared to ₹2,199.36 crores in the prior year. Total comprehensive income for FY26 stood at ₹2,796.05 crores versus ₹2,210.43 crores in FY25. Of the consolidated profit after tax of ₹2,499.25 crores, ₹1,242.67 crores was attributable to owners of the Corporation and ₹1,256.58 crores to non-controlling interests. Total consolidated assets stood at ₹14,538.68 crores as at 31 March 2026, up from ₹12,723.47 crores as at 31 March 2025, while total equity increased to ₹9,598.21 crores from ₹7,812.89 crores. The following table summarises key consolidated income statement metrics:

Consolidated Segment Performance

The Food-bakery and dairy products segment remained the dominant contributor, reporting segment revenue of ₹19,162.78 crores and segment results of ₹3,218.79 crores for FY26. The Investments segment recorded revenue of ₹1,320.46 crores with results of ₹210.08 crores. The Auto electrical components segment posted revenue of ₹192.12 crores with results of ₹7.48 crores. The Plantations (Tea) segment reported a segment loss of ₹14.26 crores for FY26, an improvement from a loss of ₹23.93 crores in FY25. The following table presents a segment-wise summary for FY26:

Standalone Financial Performance

On a standalone basis, the Corporation reported total revenue from operations of ₹295.81 crores for FY26, compared to ₹275.11 crores in FY25. Standalone profit after tax rose significantly to ₹210.60 crores from ₹119.24 crores in FY25. The standalone results benefited from exceptional gains of ₹136.30 crores (net) for FY26, compared to ₹11.21 crores in FY25. Standalone net worth improved to ₹283.06 crores as at 31 March 2026 from ₹189.00 crores as at 31 March 2025. Cash and cash equivalents on a standalone basis increased substantially to ₹62.06 crores from ₹11.98 crores, while current borrowings declined to ₹197.61 crores from ₹312.10 crores.

Exceptional Items and Asset Divestments

A significant component of FY26 standalone and consolidated results was exceptional gains arising from asset divestments. On 26 March 2026, the Board approved the divestment of Tea Plantation assets at Nilgiris District, Tamil Nadu (Dunsandle estate) in a phased manner. As part of the first phase, significant assets of Dunsandle estate were sold during the quarter and year ended 31 March 2026, generating a gain of ₹87.69 crores on a standalone basis and ₹87.70 crores on a consolidated basis, both recorded as exceptional items. The Corporation received an advance of ₹15.00 crores (classified as liabilities for assets held for sale) towards remaining assets to be divested in the second phase. Additionally, the Corporation recognised an exceptional gain of ₹45.48 crores on the transfer of equity shares held in The Bombay Dyeing and Manufacturing Company Limited to Baymanco Investments Limited, a wholly owned step-down subsidiary, on 03 June 2025, with no change in total group holding.

Labour Codes and Regulatory Developments

The Government of India notified the New Labour Codes with effect from 21 November 2025, consolidating multiple existing labour legislations into a unified framework of four Labour Codes. The Corporation assessed the impact on employee benefit expenses at the holding company level as nominal. However, subsidiary Britannia Industries Limited recognised ₹48.56 crores as past service cost during the quarter ended 31 December 2025 and year ended 31 March 2026 towards increased gratuity and leave entitlement liabilities. The Corporation has opted to present segment data in the consolidated financial results in accordance with Ind AS 108.