Bhagiradha Chemicals & Industries , a key player in the chemical industry, has successfully obtained approval from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for the reclassification of certain individuals from the 'Promoter Group' category to the 'Public' category. This move marks a significant change in the company's shareholding structure.

Reclassification Details

The reclassification affects three individuals:

1. T Kalyan Chakravarthi
2. Potini Vijaya Lakshmi
3. Ramalakshmi Tulasi Padmavathy Kolli

Together, these individuals hold a total of 189,740 shares, representing 0.15% of the company's total shareholding. The breakdown of their holdings is as follows:

Approval Process

Bhagiradha Chemicals initiated this process by submitting an application to both stock exchanges on May 29, 2025. After careful consideration, both the BSE and NSE granted their approval on August 07, 2025. The BSE issued its no-objection letter via document number LIST/COMP/HN/376/2025-26, while the NSE provided its approval through letter number NSE/LIST/COMP/BHAGCHEM/487/2025-2026.

Implications and Compliance

This reclassification is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As part of the approval, Bhagiradha Chemicals is required to ensure compliance with subsequent relevant disclosures of material events related to this reclassification.

The company's Company Secretary and Compliance Officer, Sharanya M. (M. No: ACS-63438), confirmed the receipt of these no-objection letters from both exchanges in an official communication.

While this reclassification changes the company's shareholding pattern, the immediate impact on operations is likely to be minimal due to the small percentage of shares involved (0.15% of total shareholding).

Bhagiradha Chemicals , a key player in the chemical industry, has released its financial results for the fourth quarter, revealing a mixed performance with revenue growth accompanied by a decline in profitability.

Revenue Growth Amid Profitability Challenges

The company reported a revenue increase to ₹1.20 billion in Q4, up from ₹1.10 billion in the same quarter last year, representing a year-over-year growth of approximately 9%. However, this top-line growth was overshadowed by a significant drop in profitability metrics.

EBITDA and Margin Contraction

Bhagiradha Chemicals experienced a substantial decline in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the fourth quarter:

The EBITDA margin contracted significantly, dropping from 12.64% to 5.90%, indicating increased pressure on the company's operational efficiency.

Net Profit Analysis

The company's bottom line also saw a decline:

Net profit for Q4 stood at ₹52.00 million, marking a 35.8% decrease from the ₹81.00 million reported in the same quarter last year. Sequentially, the net profit declined by 26.8% from ₹71.00 million in the previous quarter.

Quarterly Performance Overview

The quarterly comparison highlights the challenges faced by Bhagiradha Chemicals in maintaining profitability despite revenue growth.

While the company has managed to increase its revenue, the significant decline in EBITDA and net profit suggests potential headwinds such as increased input costs, competitive pressures, or operational inefficiencies. Investors and analysts will likely be keen to understand the factors behind this performance and the company's strategies to improve profitability in the coming quarters.