Bharat Global Developers Limited has successfully concluded its postal ballot process, announcing the voting results on February 18, 2026. The company sought shareholder approval through remote e-voting for the regularisation of Mr. Ketan Chavda as Executive Director, which received overwhelming support from shareholders.

Postal Ballot Details

The postal ballot process was initiated through a notice dated January 15, 2026, with shareholders entitled to vote as per the record date of January 9, 2026. The company appointed CS Himanshu Togadiya from H Togadiya & Associates as the scrutinizer for ensuring a fair and transparent voting process.

Resolution and Voting Results

The ordinary resolution sought approval for the regularisation of Mr. Ketan Chavda (DIN: 11388522) as Executive Director of the company. The voting was conducted exclusively through remote e-voting, with the platform remaining active from January 19, 2026, at 9:00 AM until February 17, 2026, at 5:00 PM.

Scrutinizer's Report

CS Himanshu Togadiya, the appointed scrutinizer, confirmed that the voting process was conducted in accordance with the Companies Act, 2013, and related rules. The scrutinizer's report highlighted that the votes were unblocked on February 18, 2026, around 11:30 AM in the presence of two witnesses - Mr. Narendra Sharma and Mr. Shabbir Nagariya.

The voting platform was provided by Purva Sharegistry (India) Pvt. Ltd., and all votes cast through e-voting were reconciled with records maintained by the company's registrar and share transfer agent. The resolution was declared passed with the requisite majority, demonstrating strong shareholder confidence in the proposed appointment.

Company Information

Bharat Global Developers Limited, formerly known as Kkrkrafton Developers Ltd, operates under BSE scrip code 521238. The company is headquartered at 6th Floor-604, Shivalik Shilp Iscon Cross Road, Ambli-Bhopal Road, S.G. Highway, Ahmedabad, Gujarat 380015. The postal ballot results were signed by Managing Director Keyurkumar Pravinbhai Patel (DIN: 10822762) and countersigned by the scrutinizer, ensuring proper compliance with regulatory requirements.

Bharat Global Developers Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing a challenging performance with the company reporting a net loss during the quarter. The Board of Directors approved these results at their meeting held on February 13, 2026.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed significant deterioration compared to the previous year. The most notable aspect was the complete absence of revenue from operations during the quarter.

Expense Analysis

Despite zero revenue, the company incurred total expenses of ₹38.63 lakhs during Q3 FY26, primarily consisting of other expenses worth ₹36.88 lakhs and depreciation expenses of ₹1.75 lakhs. This contrasted sharply with Q3 FY25, when total expenses were ₹27,439.40 lakhs, mainly driven by cost of materials consumed worth ₹27,118.34 lakhs.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company's performance showed mixed results:

Segment-wise Performance

The company operates across multiple segments including Construction Material, Gold, Agricultural Products, Textile, and Electronics. During Q3 FY26, only the Textile segment showed activity with a negative result of ₹30.90 lakhs. The Agricultural Products segment contributed ₹616.42 lakhs in revenue during Q2 FY26 but showed no activity in Q3 FY26.

Corporate Governance

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 13, 2026. The meeting commenced at 1:00 PM and concluded at 1:40 PM. The results have undergone a limited review by statutory auditors R. B. Gohil & Co., Chartered Accountants, as required under SEBI regulations.

Regulatory Compliance

The company has submitted its financial results in compliance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The integrated filing in XBRL format has been submitted separately as per SEBI circular requirements.