Bridge Securities Receives Rs 50 Lakh Second Tranche Payment for Convertible Warrants; Harshad Panchal Reduces Stake to 16.81%

1 min read     Updated on 22 Sept 2025, 10:24 AM
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Shriram ShekharScanX News Team
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Overview

Bridge Securities Limited received Rs 50.00 lakh from Keyventure Enterprises as the second tranche payment for 52.63 lakh convertible warrants. Separately, Harshad Amrutlal Panchal, a substantial shareholder, reduced his stake from 19.09% to 16.81% by selling 768,846 shares between September 10-17.

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Bridge Securities Limited recently witnessed significant developments in its shareholding pattern and warrant allotment process.

Convertible Warrants Allotment

Bridge Securities Limited received Rs 50.00 lakh from Keyventure Enterprises Private Limited as the second tranche payment for the allotment of 52.63 lakh convertible warrants. These warrants, priced at Rs 5.51 each, were issued to non-promoter entities on a preferential basis. The first tranche payment from Keyventure Enterprises was Rs 72.49 lakh, representing 25% of the total consideration.

Share Disposal by Harshad Panchal

In a separate development, Harshad Amrutlal Panchal, a substantial shareholder, reduced his stake in the company through a series of transactions.

Share Disposal Details

Panchal disposed of 768,846 equity shares of Bridge Securities Limited through stock exchange transactions between September 10-17. This sale resulted in a reduction of his shareholding from 19.09% to 16.81% of the company's total share capital.

Transaction Breakdown

The LODR (Listing Obligations and Disclosure Requirements) data provides a detailed breakdown of the transactions:

Date Shares Sold % of Total Share Capital
10-09 91,585 0.27%
11-09 146,109 0.43%
12-09 165,000 0.49%
15-09 165,000 0.49%
16-09 64,501 0.19%
17-09 136,651 0.41%

Shareholding Impact

  • Before the transaction: Panchal held 6,417,899 shares (19.09% stake)
  • After the disposal: Panchal's holding stands at 5,649,053 shares (16.81% stake)

The shares were sold at a face value of Re. 1 each, representing a total reduction of 2.28% of the company's total voting capital.

Regulatory Compliance

In compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Panchal submitted the required disclosure to both the BSE Limited and Bridge Securities Limited on September 19.

Company Information

Bridge Securities Limited is listed on the BSE. The company's total equity share capital remains unchanged at 33,613,000 shares after these transactions.

These developments, including the warrant allotment and the change in ownership structure, may be of interest to investors and market watchers monitoring Bridge Securities Limited.

Historical Stock Returns for Bridge Securities

1 Day5 Days1 Month6 Months1 Year5 Years
-2.35%-2.49%+23.38%+40.00%+187.03%+2,265.52%
Bridge Securities
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Bridge Securities Reports Robust Q1 FY2025-26 Performance with 386% Revenue Surge

2 min read     Updated on 25 Jul 2025, 04:02 PM
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Ashish ThakurScanX News Team
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Overview

Bridge Securities Limited announced strong Q1 FY2025-26 results with revenue soaring 386% to Rs. 50.52 lakhs and net profit surging 1,573% to Rs. 44.52 lakhs compared to Q1 FY2024-25. The company's EPS improved to Rs. 0.13 from Rs. 0.08 year-over-year. Total expenses were controlled at Rs. 6.05 lakhs. The company operates in a single segment, focusing on commission from agriculture activities.

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Bridge Securities Limited (BSE: BRIDGESE) has announced its unaudited standalone financial results for the first quarter ended June 30, 2025, showcasing a remarkable improvement in its financial performance.

Revenue Soars

The company reported a significant increase in revenue from operations, reaching Rs. 50.52 lakhs in Q1 FY2025-26. This marks a substantial 386% rise from Rs. 10.40 lakhs recorded in the same quarter of the previous year. Notably, the company had zero revenue in the immediately preceding quarter, indicating a strong rebound in its business activities.

Profitability Boost

Bridge Securities witnessed a substantial growth in profitability:

  • Net profit surged to Rs. 44.52 lakhs, compared to Rs. 2.83 lakhs in the corresponding quarter of the previous year, representing a remarkable 1,573% increase.
  • The company's profit before tax stood at Rs. 44.48 lakhs, up from Rs. 2.83 lakhs in Q1 FY2024-25.

Operational Efficiency

Despite the significant revenue growth, Bridge Securities managed to keep its expenses under control:

  • Total expenses for the quarter were Rs. 6.05 lakhs, only slightly lower than Rs. 7.57 lakhs in the same quarter last year.
  • The breakdown of expenses includes:
    • Finance costs: Rs. 0.30 lakhs
    • Depreciation: Rs. 1.00 lakh
    • Other expenses: Rs. 4.75 lakhs

Earnings Per Share

The company's earnings per share (EPS) showed a notable improvement:

  • Basic and Diluted EPS stood at Rs. 0.13, compared to Rs. 0.08 in Q1 FY2024-25.

Financial Position

As of June 30, 2025, Bridge Securities maintains a paid-up equity share capital of Rs. 3,36,13,000, with a face value of Rs. 1 per share.

Business Focus

Bridge Securities Limited operates in a single segment, focusing on commission from agriculture activities. The company does not have any subsidiary companies.

Management Commentary

Harshad Amrutlal Panchal, Managing Director of Bridge Securities Limited, stated, "We are pleased with our strong start to the fiscal year 2025-26. The significant growth in our revenue and profitability reflects the effectiveness of our business strategies and the improving market conditions in our sector."

Outlook

While the company has shown impressive growth in Q1 FY2025-26, it's important to note that these are unaudited results. Investors and stakeholders will be keen to see if Bridge Securities can maintain this growth trajectory in the coming quarters.

The financial results were reviewed by the audit committee and approved by the Board of Directors at their meeting held on July 25, 2025. The company continues to operate under the Indian Accounting Standards (IND AS) as prescribed under section 133 of the Companies Act, 2013.

Note: All figures are in Indian Rupees (INR) unless otherwise stated.

Particulars (in lakhs) Q1 FY2025-26 Q1 FY2024-25 % Change
Revenue from Operations 50.52 10.40 386.00
Total Expenses 6.05 7.57 -20.08
Profit Before Tax 44.48 2.83 1,471.38
Net Profit 44.52 2.83 1,573.14
EPS (in Rs.) 0.13 0.08 62.50

Historical Stock Returns for Bridge Securities

1 Day5 Days1 Month6 Months1 Year5 Years
-2.35%-2.49%+23.38%+40.00%+187.03%+2,265.52%
Bridge Securities
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