Bharat road network Limited has formally notified the stock exchanges about an upcoming board meeting scheduled for February 13, 2026. The meeting will focus on reviewing and approving the company's unaudited financial results for the third quarter and nine months of fiscal year 2026.

Board Meeting Details

The company issued an official communication to both BSE Limited and the National Stock Exchange of India Limited on February 4, 2026, announcing the board meeting. The primary agenda involves consideration and approval of unaudited financial results for the period ending December 31, 2025.

Trading Window Restrictions

In accordance with the company's Code of Conduct for Prohibition of Insider Trading and SEBI regulations, Bharat Road Network Limited has implemented a trading window closure. The restriction on trading in company securities became effective from January 1, 2026, and will continue until 48 hours after the financial results are officially announced to the stock exchanges.

Regulatory Compliance

The announcement demonstrates the company's adherence to regulatory requirements under the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. The communication was signed by Company Secretary Ankita Rathi and includes all necessary compliance details for investor information and record-keeping purposes.

Company Information

Bharat Road Network Limited operates with its registered office located at Plot No. X1 – 2 & 3, Ground Floor, Block – EP, Sector – V, Salt Lake City, Kolkata. The company maintains its corporate communications through official channels and continues to fulfill its disclosure obligations to maintain transparency with stakeholders and regulatory authorities.

Bharat Road Network Limited (BRNL), a key player in India's road infrastructure sector, has announced its unaudited financial results for the quarter and half-year ended September 30, revealing a complex financial landscape marked by both gains and ongoing challenges.

Financial Performance

For the quarter ended September 30, BRNL reported a consolidated net profit of Rs 12.16 crore, compared to a profit of Rs 13.35 crore in the previous quarter. The company's revenue from operations saw a significant increase, rising to Rs 171.04 crore from Rs 144.47 crore in the same quarter of the previous year.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter stood at Rs 19.40 crore, showing a substantial improvement of 50.39% compared to the same period last year.

Auditor's Qualifications and Going Concern Issues

Despite the positive revenue growth, BRNL faces significant financial challenges. The company's auditors have issued qualified conclusions, citing non-recognition of interest on Rs 19,357.73 lakhs from July 01 onwards. This has resulted in an overstatement of profit before tax by Rs 1,080.57 lakhs for the quarter and Rs 2,118.34 lakhs for the half year.

The auditors have also highlighted a material uncertainty regarding the company's ability to continue as a going concern. This concern stems from defaults in debt repayment and significant losses incurred by the company.

Subsidiary and Associate Concerns

BRNL's subsidiary, Guruvayoor Infrastructure Private Limited (GIPL), has also failed to recognize interest on Rs 9,766.18 lakhs from October 01 onwards. Additionally, GIPL is facing ongoing legal challenges, including search proceedings under the Prevention of Money Laundering Act.

The company's associates, Kurukshetra Expressway Private Limited (KEPL) and Mahakaleshwar Tollways Private Limited (MTPL), are dealing with project terminations and have filed claims with respective authorities.

Management's Perspective

Despite these challenges, BRNL's management maintains a positive outlook. The company is currently in discussions for potential restructuring and resolution of its financial support. The accounts have been prepared on a Going Concern Basis, considering the company's positive net worth as of September 30 and expected realization from its financial assets.

Conclusion

While Bharat Road Network Limited has shown improvement in its operational revenue, the company continues to navigate through significant financial and legal challenges. Investors and stakeholders will be closely watching how the company addresses its debt issues and resolves the ongoing legal matters in the coming quarters.

As the infrastructure sector plays a crucial role in India's economic growth, the performance and stability of companies like BRNL remain important factors in the broader economic landscape.