Pet Plastics Reports Net Loss of Rs 18.83 Lakhs in Q2 FY2025

Pet Plastics Limited (formerly known as Bharatam Ventures Limited) has announced its financial results for the second quarter ended September 30, 2025. The company reported a net loss of Rs 18.83 lakhs for the quarter, indicating challenges in its operations.

Key Financial Highlights

Revenue: The company's revenue from operations stood at Rs 117.15 lakhs for the quarter.
Net Loss: Pet Plastics posted a net loss of Rs 18.83 lakhs for Q2 FY2025.
Total Income: The total income for Q2 FY2025 was Rs 141.30 lakhs, showing an increase from Rs 128.99 lakhs in Q1 FY2025.
Expenses: Total expenses for the quarter were Rs 126.95 lakhs, down from Rs 162.16 lakhs in the previous quarter.

Financial Performance Table

Particulars (in Rs Lakhs)	Q2 FY2025	Q1 FY2025	Q2 FY2024
Revenue from Operations	117.15	124.92	279.87
Total Income	141.30	128.99	287.46
Total Expenses	126.95	162.16	284.36
Profit/(Loss) Before Tax	14.35	(33.17)	3.10
Net Profit/(Loss)	(18.83)	(33.17)	3.10

Additional Information

The Board of Directors has approved the unaudited financial results and related party transactions for the half-year period. The company's performance indicates ongoing financial challenges.

Pet Plastics Limited operates primarily in the trading of plastics, import & export, and other related activities. The company's financial results are prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act 2013.

The Board Meeting to approve these results commenced at 02:00 p.m. and concluded at 08:40 p.m. on November 14, 2025.

Investors and stakeholders should note that these financial results have been subjected to a limited review by the statutory auditors of the company, and no qualifications were reported for the quarter and half-year ended September 30, 2025.

Pet Plastics Limited (formerly known as Bharatam Ventures Limited) has announced a change in its auditing structure following an Extraordinary General Meeting (EGM) held on October 25. The company has appointed M/s. N K Mittal & Associates as its new statutory auditor, filling the vacancy left by the resignation of the previous auditor, M/s. Maheshwari & Co.

Key Details of the Appointment

Aspect	Details
New Auditor	M/s. N K Mittal & Associates, Chartered Accountants
Firm Registration No.	113281W
Appointment Period	From conclusion of EGM until next Annual General Meeting
Approval Method	Special Resolution passed by shareholders
Previous Auditor	M/s. Maheshwari & Co., Chartered Accountants (Firm Registration No. 105834W)

EGM Proceedings

The EGM took place at the company's registered office in Mumbai, commencing at 11:00 AM and concluding at 02:00 PM. The meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Voting Process

Pet Plastics provided a remote e-voting facility to its shareholders, allowing them to cast their votes on the resolution from October 22 to October 24. Additionally, a poll was conducted at the meeting venue for members who had not participated in the e-voting process.

About the New Auditor

N K Mittal & Associates is described as a peer review certified firm of Chartered Accountants. The firm offers a range of professional services, including:

Assurance
Taxation
Advisory
Consultancy

Operating from Andheri (West), Mumbai, the firm is committed to enhancing business performance through knowledge-based professional support.

Management's Statement

Mr. Abhinath Shinde, the Managing Director of Pet Plastics Limited, signed off on the official communications regarding the auditor change. The appointment was made in accordance with Sections 139, 142, and other applicable provisions of the Companies Act, 2013, as well as the relevant SEBI regulations.

This change in statutory auditor marks a corporate action for Pet Plastics Limited, potentially influencing the company's financial reporting and auditing processes in the coming fiscal year.