BPL Limited has successfully concluded its Board of Directors meeting held on March 31, 2026, with the formal adoption of Annual Operating Plans for the financial year 2026-27. The meeting, which was previously scheduled as part of regulatory compliance obligations, has now been completed with positive outcomes.

Meeting Outcome and Timeline

The Board of Directors meeting commenced at 2:30 PM and concluded at 3:45 PM on March 31, 2026. During this session, the board reviewed and formally adopted the Annual Operating Plans for the upcoming financial year 2026-27, fulfilling the requirements under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Framework

The meeting outcome has been communicated under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. This regulation requires companies to disclose material events and information that could impact investor decisions. The original meeting was scheduled under Regulation 29, which mandates prior intimation of board meetings considering significant business matters.

Stock Exchange Communications

BPL Limited has formally notified both major Indian stock exchanges about the meeting outcome. The company submitted the required disclosure to BSE Limited, where its shares trade under scrip code 500074, and to the National Stock Exchange of India Limited, where it trades under the symbol BPL.

Corporate Governance and Transparency

The company maintains transparency by hosting meeting information on its official website at www.bpllimited.com , ensuring accessibility for all stakeholders. Divya Bhardwaj, serving as Company Secretary and Compliance Officer, has signed the official communication to the stock exchanges, maintaining proper corporate governance standards.

BPL Limited operates from its headquarters at KIADB Industrial Area, Veerapura Post, Doddaballapura, Bengaluru District, Karnataka, while maintaining its registered office at BPL Works, Palakkad, Kerala.

BPL Limited has released its unaudited financial results for the second quarter ended September 30, 2025, presenting a mixed performance with quarterly challenges offset by positive half-yearly outcomes. The Board of Directors approved these results at their meeting held on November 12, 2025.

Financial Performance Overview

BPL Limited reported a profit of ₹254.48 crores for H1FY26 despite a Q2 loss of ₹19.70 crores. The company's Q2FY26 performance showed significant variance compared to the previous year, with both revenue and profitability facing headwinds during the quarter.

Half-Year Performance Remains Positive

Despite quarterly challenges, BPL Limited's half-yearly performance for H1FY26 demonstrated resilience with continued profitability, though at reduced levels compared to the exceptional performance in H1FY25.

Segment-wise Business Performance

BPL Limited operates primarily through two key business segments: PCB (Printed Circuit Board) manufacturing and Brand Licensing Fee operations. The PCB segment generated revenue of ₹1,580.55 crores in Q2FY26 compared to ₹1,480.99 crores in Q2FY25, showing growth of 6.72%. However, the Brand Licensing Fee segment, which involves the licensing of the BPL brand to Reliance Retail Limited, recorded revenue of ₹403.35 crores in Q2FY26 against ₹610.55 crores in Q2FY25.

Operational Metrics and Cost Structure

The company's cost structure showed mixed trends during Q2FY26:

• Cost of material consumed increased to ₹1,233.46 crores from ₹1,023.74 crores in Q2FY25, representing a 20.49% increase.
• Employee benefits expense rose to ₹265.43 crores from ₹244.42 crores.
• Other expenses increased to ₹413.55 crores from ₹347.84 crores in the corresponding quarter of the previous year.

Balance Sheet Position

As of September 30, 2025:

• Total assets stood at ₹54,555.26 crores compared to ₹44,316.97 crores as of March 31, 2025.
• Equity share capital remained stable at ₹4,897.67 crores with a face value of ₹10 per share.
• Current borrowings increased significantly to ₹10,645.31 crores from ₹805.35 crores at the end of the previous financial year.

Legal and Regulatory Updates

The company continues to address ongoing legal matters, including a Supreme Court case where it has deposited ₹96 crores with the Treasury of the Supreme Court on September 16, 2025, in addition to the ₹72 crores paid directly to an unsecured claimant as directed by the court in December 2024. The matter remains pending disposal.

Outlook and Key Highlights

BPL Limited's brand licensing agreement with Reliance Retail Limited continues to be a significant revenue contributor, with fees calculated based on actual sales performance data. The company maintains its focus on the PCB manufacturing business while leveraging its brand value through strategic partnerships. The management remains confident about the company's operational capabilities despite current quarter challenges.