Benara Bearings and Pistons Limited reported a net loss of ₹2,748.22 crore, up from ₹312.73 crore last year. Auditors issued a disclaimer of opinion, citing concerns over inventory verification, asset recoverability, and non-performing assets. Revenue declined to ₹1,091.52 crore. The company is negotiating one-time settlements with lenders, including a ₹3,000 crore settlement against ₹5,138 crore dues. It faces tax demands of ₹5,150.47 crore for Income Tax and ₹911.07 crore for GST. Management changes include a new CFO appointment and the resignation of the Company Secretary.
31Jul 25
Benara Bearings and Pistons Appoints New CFO Amid Leadership Changes
Benara Bearings and Pistons Limited has appointed Mr. Dileep Kumar as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective July 28, 2025. Mr. Kumar brings over 20 years of experience in financial management. Simultaneously, Mr. Akash Ashokkumar Bhandari has resigned from his position as Company Secretary and Compliance Officer to pursue other career opportunities.
Benara Bearings and Pistons Limited (BBPL) has reported a net loss of ₹2,186.63 crore for the half-year ended September 30, a significant increase from the ₹54.87 crore loss in the previous period. The company's net worth has turned negative with reserves showing a deficit of ₹2,045.96 crore. Total assets decreased by 11.42% while current liabilities increased by 8.87%. Auditors have raised concerns about inventory valuation, recoverability of non-current assets, and ongoing negotiations with lenders for NPAs. The company is facing going concern uncertainties due to cash losses of ₹1,163.01 crore and negative net worth.