Bombay Potteries & Tiles Limited (BPTL) has accepted the resignation of Mr. Rakesh Shivkumar Wadhera from his position as an Independent Director on the Governing Board.

The resignation is effective from September 7, 2026. The company cited personal reasons for the departure.

Regulatory Disclosure

The company made the disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This was read with Schedule III of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Mr. Wadhera confirmed that there are no material reasons for his resignation other than those specified in his letter. The company stated that the detailed reason for resignation and the confirmation letter are available on its website.

Board Composition Update

Mr. Wadhera’s departure marks a change in the independent director composition of the board. The company has not yet announced a replacement candidate in this filing.

Bombay Potteries & Tiles Limited reported a standalone net loss of ₹6.81 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a sharp reversal from the net profit of ₹22.58 lakh recorded in the corresponding quarter of the previous year. The Mumbai-based manufacturer recorded zero income from operations and zero other income during the period, indicating a complete absence of revenue streams. This lack of income, combined with persistent operational expenditures, resulted in a negative profit before tax and tax expense, leading to the reported bottom-line loss. The results were approved by the Board of Directors on August 5, 2026, and published on August 6, 2026.

The unaudited standalone financial results were reviewed by the company’s statutory auditor, M/s JPKD & CO LLP, Chartered Accountants, who issued a limited review report under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that the financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and Section 133 of the Companies Act, 2013. The results were signed off by Manoj Vasudev Wadhwa, Chairman and Managing Director, and Hetal Shah, Company Secretary & Compliance Officer.

Financial Performance Breakdown

The company’s financial position for Q1FY27 reflects a shift from profitability to loss-making status, driven entirely by expenditure in the absence of income. While the previous year’s quarter saw ₹30 lakh in other income, this figure dropped to zero in the current quarter. Consequently, all incurred costs directly impacted the bottom line without any offsetting revenue. Earnings per share (EPS) stood at a loss of ₹5.24, compared to a gain of ₹17.37 in Q1FY26.

Note: Figures are in Indian Rupees (₹) in Lakhs. Source: Bombay Potteries & Tiles Limited.

What the Numbers Show

The most critical observation from the filing is the complete cessation of income generation. In Q1FY26, the company reported ₹30 lakh in other income, which more than covered its expenses of ₹7.42 lakh, resulting in a profit. In Q1FY27, both net sales and other income stood at zero. This indicates that the company is currently not generating any cash flow from operations or non-operating sources. The loss of ₹6.81 lakh is therefore a direct reflection of its fixed cost structure, primarily employee costs of ₹6.43 lakh, which remained relatively stable compared to the previous quarter but now stands unmitigated by any revenue. The widening loss from the previous year’s profit highlights a structural change in the company’s interim financial health, moving from a surplus position to a deficit one solely due to the absence of income rather than a spike in costs.