Bervin Investment Reports Significant Loss of Rs 1,729.24 Lacs in Q1

Bervin Investment & Leasing Limited, a company listed on the BSE, has reported a substantial net loss for the quarter ended June 30. The financial results, approved by the company's Board of Directors on August 12, reveal a challenging period for the investment firm.

Financial Performance

The company's unaudited standalone financial results for Q1 show:

Particulars (in Rs. Lacs)	Q1 Current Year	Q1 Previous Year	Change
Total Income	18.72	229.52	-91.8%
Net Profit/(Loss)	(1,729.24)	173.57	N/A
Earnings Per Share (Rs.)	(29.32)	2.94	N/A

Key Highlights

Significant Loss: Bervin Investment reported a net loss of Rs 1,729.24 lacs for the quarter, compared to a profit of Rs 173.57 lacs in the same quarter of the previous year.
Revenue Decline: Total income decreased sharply to Rs 18.72 lacs from Rs 229.52 lacs in the corresponding quarter last year, marking a 91.8% decline.
Major Factor: The substantial loss was primarily attributed to Rs 1,726.04 lacs in losses on investments and futures & options trading.
Earnings Per Share: The company's earnings per share (EPS) fell to negative Rs 29.32 from positive Rs 2.94 in the previous year's quarter.

Operational Details

The financial results were reviewed and recommended by the Audit Committee before being approved by the Board of Directors. The company operates mainly in a single primary business segment, as per Indian Accounting Standard 108 on "Operating Segments."

Board Authorization

The Board of Directors authorized Mr. Satish Kumar Murgai (DIN: 00040348), a Non-Executive Director of the company, to sign the unaudited financial results for the quarter ended June 30.

Auditor's Review

Kumar Amboj & Associates, Chartered Accountants, conducted an independent review of the unaudited standalone financial results. The review was performed in accordance with the Standard on Review Engagements (SRE) 2410, as issued by the Institute of Chartered Accountants of India.

The significant downturn in Bervin Investment's financial performance, particularly the substantial loss in investments and trading activities, may raise concerns among investors and stakeholders. The company's ability to navigate these challenges and improve its financial position in the coming quarters will be closely watched by the market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.79%	+3.77%	+8.74%	-7.38%	-25.17%	+746.15%

Bervin Investment & Leasing Limited has successfully appointed Mr. Ashok Ogra as an Independent Director following a postal ballot, marking a significant corporate governance development for the company.

Appointment Details

The special resolution for Mr. Ogra's appointment was passed with an overwhelming majority. Key details of the appointment include:

Term: Mr. Ogra will serve a five-year term from May 20, 2025, to May 19, 2030.
Position: Independent Director, not liable to retire by rotation.
DIN: 11115254

Voting Results

The postal ballot, conducted through remote e-voting, saw strong shareholder participation and support:

Voting Category	Number of Members	Votes Cast	Percentage
In Favor	53	4,898,820	99.99%
Against	9	17	0.01%
Total	62	4,898,837	100.00%

Voting Process

The e-voting period ran from July 8, 2025, to August 6, 2025.
National Securities Depository Limited (NSDL) facilitated the electronic voting process.
The resolution was deemed passed on August 6, 2025, the last date of remote e-voting.

Scrutinizer's Report

Ms. Manisha Gupta of M/s Manisha Gupta & Associates, a Practicing Company Secretary, acted as the Scrutinizer for the postal ballot. Her report, dated August 7, 2025, confirmed the fair and transparent conduct of the voting process.

Regulatory Compliance

The appointment and voting process adhered to the following regulations:

Sections 108 and 110 of the Companies Act, 2013
Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Transparency Measures

Bervin Investment & Leasing Limited has taken steps to ensure transparency:

The postal ballot notice was sent to shareholders on July 7, 2025.
Voting results and the Scrutinizer's report are available on the company's website ( www.bervin.com ) and NSDL's e-voting website.
Newspaper advertisements were published on July 8, 2025, in Financial Express (English) and Jansatta (Hindi).

The appointment of Mr. Ashok Ogra as an Independent Director with such strong shareholder support demonstrates Bervin Investment & Leasing Limited's commitment to robust corporate governance practices. This move is expected to bring fresh perspectives to the company's board and potentially contribute to its strategic direction in the coming years.