Beezaasan Explotech Limited , a manufacturer of explosives, has reported a significant increase in its standalone profit for the half-year ended September 30, 2025. The company's financial results, approved by its Board of Directors on November 13, 2025, reveal a robust performance in both revenue and profitability.

Financial Highlights

• Profit: Beezaasan Explotech posted a standalone profit of ₹786.72 lakh for the half-year, marking a substantial 70% increase from ₹462.46 lakh in the previous year.
• Revenue: The company's revenue reached ₹10,045.99 lakh, demonstrating strong top-line growth.
• Earnings Per Share (EPS): The basic and diluted EPS stood at ₹6.09, compared to ₹4.59 in the previous period, indicating improved profitability on a per-share basis.

Operational Performance

The company's operational efficiency is evident from its improved profit margins:

• Operating Profit Margin: Increased to 10.54% from 5.44% in the previous period.
• Net Profit Margin: Rose to 7.78% from 3.88%, showcasing enhanced bottom-line performance.

Balance Sheet Strength

Beezaasan Explotech's balance sheet reflects a solid financial position:

• Net Worth: Increased to ₹10,390.69 lakh from ₹9,603.97 lakh at the end of the previous financial year.
• Debt-Equity Ratio: Improved slightly to 0.22 from 0.23, indicating a conservative leverage position.
• Current Ratio: Enhanced to 3.68 from 3.52, suggesting strong short-term liquidity.

IPO Fund Utilization

The company has been strategically deploying the funds raised from its Initial Public Offering (IPO):

• Total net proceeds of ₹5,233.66 lakh were received from the fresh issue of equity shares.
• ₹2,944.67 lakh has been utilized for various purposes including expansion of manufacturing facilities and repayment of borrowings.
• ₹2,287.47 lakh remains unutilized as of September 30, 2025.
• ₹2,000.00 lakh has been temporarily parked in fixed deposits while awaiting regulatory clearances for expansion projects under Explosive Rules 2008.

Future Outlook

The company is poised for expansion with ongoing projects:

• Expansion of existing manufacturing units for Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant, and Detonating Fuse Plant at Bhanthala, Mahisagar, Gujarat.
• Additional magazine (storage) facility for Emulsion Cartridge Explosives and Detonating Fuse at Felsani, Gujarat.

These expansion plans are subject to necessary approvals and permissions under the Explosive Rules, 2008.

Beezaasan Explotech's strong financial performance and strategic expansion plans position it well in the explosives manufacturing sector. The company's prudent fund management and focus on growth initiatives may contribute to its future performance, subject to regulatory approvals and market conditions.

Note: All financial figures are based on standalone results unless otherwise specified.

Beezaasan Explotech Limited has successfully completed its Extra-Ordinary General Meeting (EGM) on December 18, 2025, where shareholders approved the strategic acquisition of Asawara Earthtech Limited. The meeting was conducted through video conferencing from 3:03 PM to 3:16 PM IST, with all proposed resolutions receiving requisite majority approval.

EGM Proceedings and Approvals

The EGM was chaired by Mr. Sunilkumar Radheshyam Somani, Whole-time Director, in the absence of Mr. Navneetkumar Somani. The meeting saw participation from five directors, including independent directors, along with key management personnel and scrutinizers.

Strategic Acquisition Approved

Shareholders approved the acquisition of 34.84% equity stake in Asawara Earthtech Limited (AEL) for Rs. 52.64 crores. This acquisition will be executed through the issuance of 22.30 lakh equity shares at Rs. 236.00 per share to promoters and promoter group members as a share swap arrangement.

Key Resolutions Passed

The EGM approved four key resolutions including increase in authorized share capital, the Asawara acquisition as a related party transaction, preferential share issuance for the share swap, and appointment of Mr. Sanjay Shrivastava as Director-Operations.

E-Voting Process

The company facilitated remote e-voting from December 15-17, 2025, along with e-voting during the meeting. M/s. Parikh Dave & Associates supervised the voting process as scrutinizers, with detailed voting results to be made available on the company's website.

Strategic Impact

With shareholder approval secured, Beezaasan Explotech can now proceed with making Asawara Earthtech an associate company in the infrastructure development sector. This move is expected to strengthen the company's market position and create operational synergies between both entities.