Bharatam Ventures Limited , formerly known as Pet Plastics Limited, has disclosed the closure of its register of members and share transfer books ahead of its 41st Annual General Meeting. The books will remain closed from Thursday, September 10, 2026, to Wednesday, September 16, 2026, both days inclusive.

The company scheduled the 41st AGM for Wednesday, September 16, 2026, at 12:00 pm. The meeting will be held physically at Office No 1301, 13th Floor, Signature Business Park, Commercial Premises CHSL, Postal Colony, Chembur, Mumbai.

Corporate Governance Update

The company notified the BSE Ltd under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure pertains to the dissemination of the AGM notice and the Annual Report for FY26.

In compliance with General Circular No. 09/2024 issued by the Ministry of Corporate Affairs and a subsequent circular from the Securities and Exchange Board of India dated October 3, 2024, the Annual Report is sent electronically only to members with registered email addresses.

For shareholders whose email addresses are not registered with the Company or Depository Participants, the company has dispatched a physical letter. This letter provides web-links to access the Notice of the AGM and the Annual Report.

E-Voting Schedule

Shareholders can cast their votes electronically during the specified window. The details are as follows:

Members attending the physical AGM who have not voted earlier can vote on resolutions during the meeting. For queries related to e-voting or ballot forms, members can contact Bigshare Services Pvt Ltd, the Registrar and Transfer Agent of the company.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE704F01018/dbe407cc-240a-49be-891c-3dfa635ae5f7.pdf

Bharatam Ventures Limited has convened its 41st Annual General Meeting for September 16, 2026, to seek shareholder approval for a preferential issue of convertible warrants aggregating up to ₹40 crore. The meeting will also address the shifting of the registered office from Mumbai to Pune and the appointment of new directors.

The company reported a standalone net loss of ₹1,396.99 lakh for FY26, compared to a profit of ₹14.53 lakh in the previous year. Revenue from operations rose significantly to ₹2,371.98 lakh from ₹430.12 lakh. The loss was primarily driven by exceptional items of ₹825.52 lakh, stemming from the divestment of its erstwhile subsidiary, Exuberant Systems Private Limited, and the transfer of its factoring division.

Preferential Issue of Convertible Warrants

The Board proposes to issue up to 4,00,00,000 Convertible Warrants at an issue price of ₹10 per warrant. The warrants can be exercised within 18 months of allotment. Key terms include:

• Allottees: Promoters Abhinath Manikrao Shinde and Ketan Ishwarlal Kataria, along with several non-promoters.
• Utilization: Proceeds will fund the repayment of loans and working capital requirements of wholly owned subsidiary Penganga Sakhar Karkhana Private Limited (PSKPL), as well as warehouse construction.
• Capital Increase: The authorized share capital will increase from ₹50 lakh to ₹40.50 crore to accommodate the potential conversion of warrants into equity shares.

Corporate Restructuring and Governance

Shareholders will vote on several structural changes:

• Registered Office Shift: The office will move from Mumbai to Pune, requiring Regional Director confirmation.
• Object Clause Alteration: The Memorandum of Association will be amended to include the manufacturing and trading of agricultural commodities, sugar, and agro-based products, aligning with the acquisition of PSKPL.
• Director Appointments: The meeting will appoint Ketan Ishwarlal Kataria (Promoter, Non-Executive), Pravin Shantaram Thigale (Professional, Executive), and Rahul Chandratre (Non-Executive, Non-Independent) as directors.

Financial Performance Overview

What the Numbers Show

The divergence between revenue growth and profitability highlights the impact of non-recurring events. While revenue scaled up fivefold due to the expansion of financial services facilitation activities, the bottom line was severely impacted by exceptional losses. The divestment of Exuberant Systems resulted in a loss of ₹7.02 crore against a carrying value of ₹11.70 crore, indicating that the strategic exit did not yield a return on the initial investment converted from debt. Additionally, the debt-equity ratio surged to 19.26 from 0.007 in FY25, reflecting a substantial increase in borrowings coupled with eroded equity, signaling heightened financial leverage ahead of the proposed capital infusion.