Bombay Potteries and Tiles Limited (BPTL) reported a net profit of ₹63.57 lakh for the financial year ended March 31, 2026, reversing a net loss of ₹10.79 crore in the prior year. The turnaround was driven by total income of ₹51.8 lakh, primarily from consultancy fees, while total expenses fell sharply to ₹45.44 lakh from ₹10.79 crore in FY25.

Financial Performance

The company’s revenue from operations stood at nil, with all income classified under other income. Consultancy fees contributed ₹50 lakh, while a sundry balance write-back added ₹18 lakh. On the expense side, employee benefits rose to ₹24.61 lakh from ₹7.62 lakh, but other expenses plummeted to ₹20.83 lakh from ₹10.03 crore. The sharp decline in other expenses was largely due to a drop in fines and late fees, which fell to ₹10,440 from ₹70.72 lakh in the previous year.

Balance Sheet and Cash Flow

Cash and cash equivalents surged to ₹45.47 lakh as of March 31, 2026, up from ₹3.09 lakh a year earlier. This increase was supported by cash generated from operations of ₹32.38 lakh and proceeds from short-term borrowings of ₹10 lakh. However, the company continues to carry significant liabilities, with short-term borrowings from a director standing at ₹18.24 crore. Total equity remains negative at (₹89.53 lakh) due to accumulated retained earnings losses of (₹219.53 lakh).

Corporate Governance Updates

BPTL is seeking shareholder approval for a related-party transaction to acquire or rent premises from Harshvardhan Construction for up to ₹3.25 crore. The board also proposed the reappointment of Ms. Minal Wadhwa as a director and the appointment of M/s. J P K D & Co LLP as statutory auditors for five years, replacing M/s. Agarwal Iyer & Associates who resigned citing health reasons. The company’s shares remain suspended on the BSE following a Securities Appellate Tribunal order that rescinded its delisting status in April 2025.

What the Numbers Show

The company’s profitability is entirely non-operational in the traditional sense, as it recorded zero revenue from core operations. The entire income of ₹51.8 lakh came from other sources, predominantly consultancy fees. This indicates that BPTL is currently functioning more as a service provider than a manufacturing or trading entity, with its financial health heavily dependent on intermittent fee income and cost control rather than scalable business volume.

Bombay Potteries & Tiles Limited has scheduled its 92nd Annual General Meeting for September 30, 2026. The meeting will seek shareholder approval for the appointment of M/s. JPKD & Co LLP as statutory auditor and a related-party transaction involving premises acquisition.

The Board of Directors approved the auditor appointment on September 6, 2026. The firm will serve for five consecutive financial years, starting from the conclusion of the ensuing AGM until the conclusion of the AGM in 2031. The outgoing statutory auditors, M/s. Agarwal Iyer and Associates, resigned due to health reasons.

Auditor Appointment Details

M/s. JPKD & Co LLP (Firm Registration No. W100950) will replace the previous auditors. The remuneration will be mutually agreed upon between the Board and the auditors. Piyush Nitin Jadhav is the designated partner responsible for the audit.

Related Party Transaction

The company seeks approval for a transaction with Harshvardhan Construction, a partnership firm linked to directors Mr. Manoj Wadhwa and Mr. Harshvardhan Wadhwa. The deal involves the purchase or rent of premises at Wadhwa 723 Avenue, Unit No. 504, Saug Baug, Marol, Andheri East, Mumbai. The property spans approximately 968 sq. ft. and is intended for corporate or business use.

The maximum value for which approval is sought is ₹3.25 crore. This includes applicable taxes, stamp duty, registration charges, and other incidental expenses. If rented, the annual consideration is ₹42.5 lakh for a tenure of five years. An advance of ₹25 lakh may be paid. The transaction is funded through internal accruals and is stated to be on an arm's-length basis.

Annual General Meeting

The 92nd AGM will be conducted through Video Conferencing or Other Audio Visual Means. Remote e-voting will commence on September 25, 2026, at 9:00 am and end on September 29, 2026, at 5:00 pm. The record date for attending the meeting is September 22, 2026. Ms. Minal Wadhwa, who retires by rotation, offers herself for re-appointment as a director.