Bhageria Industries Limited has formally notified stock exchanges about an upcoming board meeting scheduled for February 2, 2026, to review and approve the company's third quarter financial performance. The meeting will focus on considering the unaudited financial results for the quarter ended December 31, 2025, covering both standalone and consolidated financials.

Board Meeting Details

The company has scheduled the board meeting in compliance with Regulation 29(1)(a) and Regulation 50(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting details are outlined below:

Trading Window Restrictions

Bhageria Industries Limited has implemented trading window restrictions as part of its compliance with insider trading regulations. The company had previously communicated these restrictions through a letter dated December 19, 2025. The trading window closure parameters are as follows:

Regulatory Compliance

The board meeting announcement demonstrates the company's adherence to mandatory disclosure requirements under SEBI regulations. The notification was formally communicated to both major stock exchanges where the company's shares are listed. Company Secretary and Compliance Officer Deepta Toshniwal signed the official communication on January 23, 2026.

The upcoming board meeting represents a routine quarterly review process that publicly listed companies must undertake to maintain transparency with shareholders and regulatory bodies. The financial results for the quarter ended December 31, 2025, will provide insights into the company's performance during the third quarter of the current fiscal year.

Bhageria Industries Limited has received a significant GST demand order from tax authorities, with total implications of ₹2.92 crores across penalties and tax demands. The company disclosed this development to stock exchanges on December 30, 2025, pursuant to regulatory requirements under SEBI listing obligations.

GST Demand Order Details

The Additional Commissioner, CGST & Central Excise, Palghar Commissionerate issued the order addressing multiple Input Tax Credit (ITC) violations across different financial years. The order encompasses both penalty confirmations and tax demand confirmations spanning from FY 2018-19 to FY 2024-25.

Penalty Confirmations

The GST authorities have confirmed substantial penalties under Section 74(1) of the CGST Act, 2017:

These penalties relate to the availment of Input Tax Credit of Compensation Cess during the specified periods, indicating discrepancies identified by the tax authorities in the company's GST compliance.

Tax Demand Confirmations

Beyond penalties, the order confirms additional tax demands arising from excess ITC availment:

These demands include interest under Section 50 of the CGST Act and penalties equivalent to the tax amount under Section 122(2)(b) of the CGST Act, 2017.

Company's Response and Impact Assessment

Bhageria Industries has indicated its intention to challenge the order through proper legal channels. The company plans to file an appeal before the Commissioner (Appeals) against the said order before the due date. Management has assessed that there will be no impact on financial operations or other business activities due to this order.

The company received the order on December 30, 2025, and has promptly disclosed the matter to both NSE and BSE as required under regulatory compliance frameworks. This disclosure demonstrates the company's commitment to transparency in material developments affecting stakeholder interests.