BGIL Films & Technologies Announces Board Reshuffling and Reports Q1 FY2026 Loss
BGIL Films & Technologies reported changes in its board composition, with Mrs. Arti Bhatia stepping down as Whole Time Director and Mr. Amit Pawar appointed as Additional Whole Time Director. The company's Q1 FY2026 results show revenue of ₹6.21 lakh and a net loss of ₹18.87 lakh. Other developments include promoter reclassification requests, expiry of film distribution rights, partial payment of SEBI penalty, and ongoing statutory compliance efforts.
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Bgil Films & Technologies Limited, a company operating in the film and technology sector, has announced significant changes in its board composition along with its financial results for the first quarter of the fiscal year 2025-26.
Board Changes
The company has undergone a reshuffling of its board members. Mrs. Arti Bhatia has stepped down from her position as Whole Time Director, transitioning to a Non-Executive Non-Independent Director role. Simultaneously, Mr. Amit Pawar has been appointed as an Additional Whole Time Director, subject to shareholder approval at the upcoming annual general meeting.
Q1 FY2026 Financial Performance
For the quarter ended June 30, 2025, BGIL Films & Technologies reported:
| Particulars | Q1 FY2026 (₹ in lakh) |
|---|---|
| Revenue from Operations | 6.21 |
| Total Expenses | 14.47 |
| Net Loss | 18.87 |
The company's revenue from operations stood at ₹6.21 lakh, while total expenses amounted to ₹14.47 lakh. This resulted in a net loss of ₹18.87 lakh for the quarter.
Other Significant Developments
Promoter Reclassification
The company has received requests for reclassification of promoter shareholding from Mr. Gaurav Bhatia, Ms. Garima Bhatia, and Mr. Jitendra Kumar Bhatia. The board is set to take necessary action in consultation with the Bombay Stock Exchange (BSE) in compliance with relevant regulations.
Expiry of Film Distribution Rights
BGIL Films & Technologies has reported that the film distribution license rights for a major portion of its inventory have expired. This development could potentially impact the company's operations in the film distribution segment.
Partial Payment of SEBI Penalty
The company has partially paid a penalty of ₹5 lakh imposed by the Securities and Exchange Board of India (SEBI) in 2019. The management has stated that the balance amount will be paid soon.
Statutory Compliance
The company's board discussed the status of Secretarial Due Diligence (SDD) Compliance during their meeting. Additionally, they acknowledged receiving various notices from government departments, which have been duly replied to or addressed within the specified time limits.
Financial Review
The board has conducted a review and analysis of overall business possibilities and is formulating an appropriate action plan.
The company's management and board are actively addressing these developments and working towards improving its financial position. Investors and stakeholders are advised to keep a close watch on further announcements and financial reports from BGIL Films & Technologies Limited.
Note: All financial figures are in Indian Rupees (₹) and in lakh units.
Historical Stock Returns for Bgil Films & Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.98% | +10.26% | +38.92% | +144.05% | +281.01% | +1,333.33% |
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