Bloom Dekor Limited, a laminate and doors manufacturer currently undergoing Corporate Insolvency Resolution Process (CIRP), has reported deteriorating financial performance for the quarter ended December 31, 2025. The company's net loss widened significantly to ₹50.79 crores compared to ₹32.14 crores in the corresponding quarter of the previous year, representing a 58.0% increase in losses.

Financial Performance Overview

The company's operational performance showed concerning trends across key metrics for Q3FY26:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Bloom Dekor recorded revenue from operations of ₹377.79 crores compared to ₹349.54 crores in the corresponding period of the previous year, showing a marginal increase of 8.1%. However, the company reported a net loss of ₹65.03 crores for the nine-month period, slightly lower than the ₹67.94 crores loss in the previous year.

Expense Structure and Cost Pressures

The company's expense structure revealed several areas of concern during Q3FY26. Cost of materials consumed decreased to ₹25.94 crores from ₹43.84 crores in the previous year quarter. However, changes in inventories resulted in an adverse impact of ₹28.84 crores compared to a favorable impact of ₹16.74 crores in Q3FY25. Employee benefit expenses remained relatively stable at ₹31.53 crores, while CIRP costs continued at ₹5.80 crores for the quarter.

Going Concern and Financial Position

The company faces significant financial distress with accumulated losses of ₹1,407.59 crores as of December 31, 2025, resulting in negative net worth. The auditors have expressed material uncertainty regarding the company's ability to continue as a going concern, noting that the company may be unable to realize its assets and discharge its liabilities in the normal course of business.

CIRP Status and Legal Proceedings

Bloom Dekor Limited has been under CIRP since October 11, 2023, following an order by the National Company Law Tribunal (NCLT) Ahmedabad Bench. CA Vineeta Maheshwari serves as the Resolution Professional. The Resolution Professional had submitted a resolution plan to the NCLT Ahmedabad bench, which was remanded back for consideration by the Committee of Creditors. The successful resolution applicant had challenged this order before the National Company Law Appellate Tribunal (NCLAT), which granted a stay. Subsequently, following the withdrawal of the appeal, the Resolution Professional is taking further steps in the matter.

Regulatory and Compliance Issues

The company faces several compliance challenges, including outstanding foreign currency trade payables of ₹143.44 crores to foreign suppliers for more than three years as of December 31, 2025. The Resolution Professional is evaluating appropriate action for compliance with the Foreign Exchange Management Act, 1999. Additionally, the company has not made provisions for interest on Inter Corporate Deposits taken from Non-Banking Financial Companies, which would have increased the quarterly loss by ₹1.12 crores if accounted for properly.

Bloom Dekor Limited has announced the outcome of its board meeting held on December 26, 2025, confirming the appointment of Mr. Krumil Dilipbhai Patel as Company Secretary and Compliance Officer. The board meeting commenced at 4:00 PM and concluded at 4:30 PM, with the appointment taking effect immediately.

Board Meeting Details

The board of directors formally considered and approved the appointment of Mr. Krumil Dilipbhai Patel to serve as Company Secretary and Compliance Officer. The appointment follows regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Professional Profile

Mr. Krumil Patel is an Associate Member of the Institute of Companies Secretaries of India, holding membership number ACS 77863. He possesses the requisite qualifications as prescribed under the Companies (Appointment and Qualification of Secretary) Rules, 1988.

Educational Qualifications

Regulatory Compliance

The appointment was made in accordance with SEBI regulations, and the company has fulfilled all disclosure requirements. The formal communication was submitted to BSE Limited, with the company's security code BLOOM/526225.

The announcement was signed by Dr. Sunil Gupta, Suspended Managing Director (DIN: 00012572), and CA Vineeta Maheshwari, Resolution Professional for Bloom Dekor Limited in CIRP (IBBI/IPA-001/IP-P00185/2017-2018/10364). The company continues to operate under the Corporate Insolvency Resolution Process.