Bridge Securities Limited reported a standalone net profit of ₹14.30 lakh for the quarter ended September 30, 2026 (Q2FY27). This marks a reversal from the net loss of ₹12.83 lakh recorded in the immediately preceding quarter (Q1FY27).

The Ahmedabad-based company logged revenue from operations of ₹17.15 lakh during the period, with no other income reported. Total expenses stood at ₹2.89 lakh, resulting in a profit before tax of ₹14.26 lakh. The board meeting approving these unaudited results was held on October 9, 2026.

Financial performance overview

The company's performance in Q2FY27 contrasts sharply with the previous quarter's operational challenges. While Q1FY27 saw significant other expenses of ₹11.74 lakh against zero revenue, Q2FY27 benefited from lower operating costs and resumed revenue generation. However, on a year-on-year basis, both revenue and profit declined compared to Q2FY26.

Balance sheet and cash flow signals

The statement of assets and liabilities reveals a significant shift in the company's financial position. Trade receivables decreased substantially to ₹43.09 lakh as of September 30, 2026, from ₹171.00 lakh as of March 31, 2026. Conversely, other current assets rose to ₹780.48 lakh from ₹548.98 lakh over the same period.

Cash flow from operating activities remained negative at -₹111.94 lakh for the half-year ended September 30, 2026, compared to -₹57.95 lakh in the corresponding period last year. This outflow was partially offset by proceeds from borrowings of ₹108.50 lakh under financing activities. Cash and cash equivalents declined to ₹0.86 lakh by the end of the reporting period.

What the numbers show

A key observation is the divergence between profitability and cash generation. Despite posting a positive net profit of ₹14.30 lakh in Q2FY27, the company experienced a substantial cash outflow from operations during the half-year. The reduction in trade receivables contributed positively to working capital changes, but this was outweighed by the increase in other current assets. Additionally, the company introduced non-current borrowings of ₹114.17 lakh, whereas it had no such liabilities as of March 31, 2026, indicating a new debt structure to support operations or asset base.

Bridge Securities Limited has revised its earlier disclosure regarding the board meeting held on September 26, 2026. The company clarified that the proposed appointments of Ms. Komal Jain and Ms. Savitri Kumari as Additional Non-Executive and Independent Directors were not approved by the Board of Directors.

This revision supersedes the initial outcome submitted to stock exchanges on September 26, 2026, which had inadvertently stated that these agenda items were "considered and approved." The company attributed the error to an inadvertent oversight in the original filing.

Revised board outcome

The Board of Directors met at the registered office in Ahmedabad on Saturday, September 26, 2026, from 4:00 pm to 4:40 pm. While the Board considered and deliberated upon the appointment proposals, no approval was granted. Consequently, no appointment of Ms. Komal Jain or Ms. Savitri Kumari has taken effect.

The Managing Director, Harshad Amrutlal Panchal, signed the revised outcome intimation under Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, requesting stock exchanges to update their records accordingly.

Original proposal details

The initial filing had outlined the profiles of the two proposed directors, which remain relevant context for the deliberation process:

• Ms. Komal Jain (DIN: 11125948): Proposed for appointment effective September 26, 2026. She brings over eight years of experience in corporate governance, secretarial practice, and regulatory compliance. Her qualifications include Company Secretary (ICSI), LLB, M. Com, and B. Com. She currently serves as Company Secretary of Anvi Publishing Limited, with experience handling SEBI, FEMA, RBI, and corporate law compliances.
• Ms. Savitri Kumari (DIN: 07829284): Proposed for appointment effective September 26, 2026. She is an Associate Member of the Institute of Company Secretaries of India with practical experience in corporate governance. She qualified the Independent Director Online Proficiency Self-Assessment Test and is registered with the Independent Director Databank.

Governance and compliance status

The clarification confirms that neither appointee was related to any existing director of the company. The initial disclosure complied with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The revised communication ensures that public records accurately reflect the non-approval status of these directorial positions.