Bharat Global Developers Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing a challenging performance with the company reporting a net loss during the quarter. The Board of Directors approved these results at their meeting held on February 13, 2026.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed significant deterioration compared to the previous year. The most notable aspect was the complete absence of revenue from operations during the quarter.

Expense Analysis

Despite zero revenue, the company incurred total expenses of ₹38.63 lakhs during Q3 FY26, primarily consisting of other expenses worth ₹36.88 lakhs and depreciation expenses of ₹1.75 lakhs. This contrasted sharply with Q3 FY25, when total expenses were ₹27,439.40 lakhs, mainly driven by cost of materials consumed worth ₹27,118.34 lakhs.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company's performance showed mixed results:

Segment-wise Performance

The company operates across multiple segments including Construction Material, Gold, Agricultural Products, Textile, and Electronics. During Q3 FY26, only the Textile segment showed activity with a negative result of ₹30.90 lakhs. The Agricultural Products segment contributed ₹616.42 lakhs in revenue during Q2 FY26 but showed no activity in Q3 FY26.

Corporate Governance

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 13, 2026. The meeting commenced at 1:00 PM and concluded at 1:40 PM. The results have undergone a limited review by statutory auditors R. B. Gohil & Co., Chartered Accountants, as required under SEBI regulations.

Regulatory Compliance

The company has submitted its financial results in compliance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The integrated filing in XBRL format has been submitted separately as per SEBI circular requirements.

Bharat Global Developers Ltd. announced the outcome of its board meeting held on January 15, 2026, where directors approved key resolutions related to a postal ballot process. The meeting was conducted in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015.

Board Meeting Resolutions

The board meeting, which commenced at 2:00 PM and concluded at 3:00 PM, resulted in two significant approvals:

Executive Director Regularisation

The primary purpose of the postal ballot is to regularise Mr. Ketan Chavda's position as Executive Director of the company. Mr. Chavda holds Director Identification Number (DIN) 11388522 and requires shareholder approval for his regularisation in this executive role.

Scrutinizer Appointment

The board appointed Mr. Himanshu Togadiya as the scrutinizer for the postal ballot voting process. Mr. Togadiya operates as Proprietor of M/s H Togadiya and Associates and holds the credentials of a Practicing Company Secretary with COP No.: 18233 and FCS: 11822. His role will be to ensure the postal ballot voting process is conducted in a fair and transparent manner.

Company Information

Bharat Global Developers Ltd., formerly known as Kkrafton Developers Ltd, operates under CIN L70100GJ1992PLC017815 and trades on BSE with scrip code 521238. The company is headquartered at 6th Floor-604, Shivalik Shilp Iscon Cross Road, Ambli-Bhopal Road, S.G. Highway, Ahmedabad, Gujarat 380015.

The meeting outcome was signed by Managing Director Keyurkumar Pravinbhai Patel (DIN: 10822762) and communicated to the Department of Corporate Services at The Bombay Stock Exchange Ltd.