BCC Fuba India Ltd (517246)
📢 Recent Corporate Announcements
BCC Fuba India Limited has been allotted ₹5.00 crore worth of 7% Optionally Convertible Debentures (OCDs) issued by its subsidiary company, IOGEMS Technologies Private Limited, under a second tranche private placement. The unsecured OCDs were allotted on August 18, 2026, at a face value of ₹10 each with a 7-year maturity and an annual coupon of 7%. BCC Fuba retains the option to convert the OCDs into equity shares of the subsidiary anytime prior to maturity at a price determined by a registered valuer. The ₹5.00 crore deployment represents approximately 10.9% of BCC Fuba's net worth of ₹46 crore.
- Allotment of ₹5.00 crore in 7% unsecured OCDs of subsidiary IOGEMS Technologies Private Limited
- Instrument features a 7-year tenure with an annual interest payout of 7%
- Allotment executed on August 18, 2026, at an issue price of ₹10 per OCD (Second Tranche)
- Parent holds the right to convert OCDs into subsidiary equity shares anytime before maturity based on registered valuer pricing
BCC Fuba India Ltd has announced its 40th Annual General Meeting (AGM) scheduled for September 1, 2026, via video conferencing. The company has dispatched physical letters to shareholders without registered email addresses, providing QR codes and web links to access the FY 2025-26 Annual Report. This filing also serves as a regulatory reminder for shareholders to update KYC details and dematerialize physical shares. Financially, the company recently expanded its asset base by 44% to ₹14.54 Cr to support a core revenue growth of 45.89%.
- 40th Annual General Meeting scheduled for September 1, 2026, at 11:00 AM
- Cut-off date for identifying shareholders for physical dispatch was August 7, 2026
- PPE expanded 44% from ₹10.09 Cr to ₹14.54 Cr to support growth
- Net Capital Turnover Ratio improved 107.72% to 5.34
- Company targeting a domestic PCB market projected to reach USD 24.7 billion by 2030
BCC Fuba India Ltd has released its 40th Annual Report, scheduling the AGM for September 1, 2026. A key special resolution seeks shareholder approval to provide loans, guarantees, or securities to entities where directors are interested up to a limit of Rs 25 Crores, which is approximately 54% of the company's current net worth (Rs 46 Cr). The company also proposes a 34.6% increase in the CEO's basic salary to Rs 3.50 lakh per month. Operationally, the company reported a 44% expansion in its asset base (PPE) to support a 45.89% core revenue growth.
- Proposed limit for loans or guarantees to director-interested entities set at Rs 25 Crores
- CEO basic salary revised from Rs 2,60,000 to Rs 3,50,000 per month for FY27-FY29
- Property, Plant, and Equipment (PPE) expanded 44% from Rs 10.09 Cr to Rs 14.54 Cr
- Net Capital Turnover Ratio improved 107.72% to 5.34, indicating higher capital efficiency
- AGM scheduled for September 1, 2026, to adopt FY26 audited financial statements
BCC Fuba India Ltd has approved a significant 34.6% increase in the basic salary of its Executive Director and CEO, Mr. Abhinav Bhardwaj, raising it to ₹3.50 lakh per month for FY27-FY29. The board also recommended the continuation of Mr. Chandar Vir Singh Juneja as an Independent Director beyond the age of 75, citing his extensive experience. Additionally, the company has scheduled its 40th Annual General Meeting (AGM) and set August 25, 2026, as the cut-off date for e-voting. A key agenda item for the AGM includes the approval to provide loans or guarantees to directors or entities in which they are interested.
- CEO basic salary revised from ₹2.60 lakh to ₹3.50 lakh per month for a three-year period starting FY 2026-27
- Continuation of Independent Director Mr. Chandar Vir Singh Juneja approved beyond age 75 until January 8, 2027
- Cut-off date for e-voting for the 40th AGM fixed as August 25, 2026
- E-voting period scheduled to run from August 29, 2026, to August 31, 2026
- Board approved seeking shareholder consent for loans, guarantees, or securities to directors or interested persons
BCC Fuba India Ltd has approved a significant salary revision for its Executive Director and CEO, Mr. Abhinav Bhardwaj, increasing his basic monthly pay from ₹2.60 lakh to ₹3.50 lakh for the period FY27-FY29. The board also approved the continuation of Mr. Chandar Vir Singh Juneja as an Independent Director beyond the age of 75, effective until January 8, 2027. Additionally, the company has scheduled its 40th Annual General Meeting (AGM) and set August 25, 2026, as the cut-off date for e-voting. A notable agenda item includes the approval to provide loans, guarantees, or securities to directors or entities in which they are interested.
- CEO monthly basic salary increased by 34.6% from ₹2.60 lakh to ₹3.50 lakh for three financial years starting 2026-27.
- Continuation of Independent Director Mr. Chandar Vir Singh Juneja beyond age 75 approved until Jan 8, 2027.
- Cut-off date for 40th AGM e-voting fixed for August 25, 2026.
- E-voting period scheduled to run from August 29, 2026, to August 31, 2026.
- Board approved the provision of loans, guarantees, or securities to directors or interested persons.
BCC Fuba India has scheduled its 40th Annual General Meeting (AGM) and fixed August 25, 2026, as the record date for e-voting eligibility. The board approved a 34.6% increase in the basic salary of Executive Director and CEO Abhinav Bhardwaj, raising it to ₹3.50 lakh per month for the next three financial years. Additionally, the board approved the continuation of Mr. Chandar Vir Singh Juneja as an Independent Director beyond the age of 75 and authorized the provision of loans or guarantees to directors or interested parties, subject to shareholder approval.
- Record date for e-voting fixed as August 25, 2026, for the 40th AGM.
- CEO Abhinav Bhardwaj's monthly basic salary revised from ₹2.60 lakh to ₹3.50 lakh starting FY 2026-27.
- E-voting period scheduled to run from August 29, 2026, to August 31, 2026.
- Approval granted for loans, guarantees, or securities to directors or persons in whom directors are interested.
- Continuation of Independent Director Chandar Vir Singh Juneja (beyond age 75) approved until January 8, 2027.
BCC Fuba India Ltd has announced its 40th Annual General Meeting (AGM) to be held on September 1, 2026, via video conferencing. The company has set August 25, 2026, as the cut-off date to determine shareholder eligibility for voting. Remote e-voting will be available from August 29 to August 31, 2026. This is a standard regulatory procedure following a period where the company expanded its plant, property, and equipment (PPE) by 44% to ₹14.54 Cr.
- 40th Annual General Meeting scheduled for September 1, 2026, at 11:00 A.M.
- Cut-off date for e-voting eligibility is Tuesday, August 25, 2026.
- Remote e-voting window opens August 29, 2026 (9:00 A.M.) and closes August 31, 2026 (5:00 P.M.).
- Company recently reported a 44% increase in asset base (PPE) from ₹10.09 Cr to ₹14.54 Cr.
- Net Capital Turnover Ratio improved by 107.72% to 5.34 as per latest financial context.
BCC Fuba India's board has approved a significant salary revision for Executive Director and CEO Abhinav Bhardwaj, increasing his basic monthly pay from ₹2.60 lakh to ₹3.50 lakh (a 34.6% hike) for the period FY27-FY29. The board also approved the continuation of Mr. Chandar Vir Singh Juneja as an Independent Director beyond the age of 75 until January 2027. Additionally, the company is seeking approval to provide loans, guarantees, or securities to directors or interested parties, a move that requires shareholder scrutiny at the upcoming 40th AGM. The cut-off date for e-voting on these resolutions is fixed for August 25, 2026.
- CEO basic salary increased by 34.6% from ₹2,60,000 to ₹3,50,000 per month for a three-year period.
- Continuation of Independent Director beyond 75 years approved until 8th January 2027.
- Cut-off date for 40th AGM e-voting fixed for 25th August 2026.
- CEO tenure confirmed for 5 years from 1st September 2025 to 31st August 2030.
- Board approved seeking authority to give loans or guarantees to directors/interested persons.
BCC Fuba India's board has approved a revision in the compensation for Executive Director and CEO Abhinav Bhardwaj, increasing his basic salary from ₹2.60 lakh to ₹3.50 lakh per month (a 34.6% hike) for FY27-FY29. The board also approved the continuation of Independent Director Chandar Vir Singh Juneja beyond the age of 75 until January 2027. Crucially, the board sought approval to provide loans, guarantees, or securities to directors or interested parties, which will be put to a shareholder vote. The 40th Annual General Meeting (AGM) e-voting is scheduled for August 29-31, 2026.
- CEO basic salary increased by 34.6% to ₹3,50,000 per month for a three-year period starting FY2026-27.
- CEO tenure confirmed for 5 years, effective from September 1, 2025, to August 31, 2030.
- Cut-off date for 40th AGM e-voting fixed for August 25, 2026.
- Continuation of Independent Director Mr. Juneja approved beyond age 75 until his term ends on January 8, 2027.
- Board meeting duration was approximately 7.5 hours, concluding at 6:35 P.M. on August 8, 2026.
BCC Fuba India confirmed in its 83rd Board Meeting that there was no deviation or variation in the utilization of proceeds from its equity share issuance (Letter of Offer dated March 05, 2026). The board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The meeting, held on August 8, 2026, concluded after approximately 7.5 hours. This filing is a routine regulatory requirement under SEBI Regulation 32 to ensure funds are used for their intended purpose.
- Zero deviation reported in the utilization of proceeds from the equity issuance dated March 05, 2026
- Board meeting held on August 8, 2026, lasted 7 hours and 35 minutes (11:00 A.M. to 06:35 P.M.)
- Approval of Unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026
- Statutory audit review completed by M/s. Bhagi Bhardwaj Gaur & Co. for the Q1 FY2027 period
BCC Fuba reported a robust performance for Q1 FY27, with standalone revenue growing 62.6% YoY to ₹25.20 crore. Net profit surged 192% YoY to ₹3.86 crore, significantly aided by a ₹1.67 crore price revision agreement with customers. The company's core Printed Circuit Board (PCB) segment remains the primary driver, contributing ₹25.05 crore to revenue. While the new Electronics Manufacturing Services (EMS) segment is currently loss-making at the EBIT level, overall profitability improved substantially compared to previous quarters.
- Standalone Net Profit jumped 192% YoY to ₹3.86 crore from ₹1.32 crore in the same quarter last year.
- Revenue from operations increased 62.6% YoY to ₹25.20 crore, representing ~34.5% of the previous TTM revenue.
- Recognized ₹1.67 crore in additional revenue during the quarter due to finalized price revisions with customers.
- PCB segment revenue reached ₹25.05 crore, while the nascent EMS segment contributed ₹21.38 lakhs.
- Paid-up share capital increased to ₹19.82 crore from ₹17.61 crore in March 2026, following equity issuance.
BCC Fuba India reported a strong start to FY27 with consolidated revenue growing 63% YoY to ₹25.27 Cr. Consolidated Net Profit surged 174% YoY to ₹3.62 Cr, significantly aided by a ₹1.67 Cr one-time revenue recognition from retroactive price revisions with customers. The core Printed Circuit Board (PCB) segment remains the primary driver, while the new Electronics Manufacturing Services (EMS) segment contributed its first meaningful revenue of ₹0.21 Cr, albeit with a segment loss of ₹18.65 Lakhs.
- Consolidated revenue increased 63% YoY to ₹25.27 Cr from ₹15.50 Cr in June 2025.
- Consolidated Net Profit rose 174% YoY to ₹3.62 Cr compared to ₹1.32 Cr in the previous year's quarter.
- Recognized ₹1.67 Cr in additional revenue during the quarter due to finalized price revisions with customers.
- The EMS segment contributed ₹21.38 Lakhs to revenue, up from ₹6.27 Lakhs in the preceding March quarter.
- Standalone EPS improved to ₹2.06 from ₹0.86 in the year-ago period.
BCC Fuba India reported a robust Q1 FY27 with consolidated revenue rising 63% YoY to ₹25.27 Cr and Net Profit surging 174% YoY to ₹3.62 Cr. The performance was significantly aided by a ₹1.67 Cr one-time revenue recognition following finalized price revisions with customers. The core Printed Circuit Board (PCB) segment remains the primary growth engine, while the nascent Electronics Manufacturing Services (EMS) segment reported a small loss of ₹0.18 Cr.
- Consolidated Revenue increased 63% YoY to ₹25.27 Cr from ₹15.50 Cr in June 2025.
- Net Profit (PAT) grew 174% YoY to ₹3.62 Cr compared to ₹1.32 Cr in the previous year's quarter.
- Recognized ₹1.67 Cr in additional revenue during the quarter due to finalized price revisions with customers.
- PCB segment assets expanded significantly to ₹92.43 Cr from ₹48.55 Cr in the year-ago period.
- Basic EPS for the quarter stood at ₹1.99, more than doubling from ₹0.86 in Q1 FY26.
BCC Fuba India Ltd reported a robust Q1 FY27 with standalone revenue growing 62.6% YoY to ₹25.20 Cr and net profit jumping 192.4% to ₹3.86 Cr. The results were significantly bolstered by a ₹1.67 Cr additional revenue recognition following finalized price revisions with customers. While the core Printed Circuit Board (PCB) segment remains highly profitable, the nascent Electronics Manufacturing Services (EMS) segment contributed a modest ₹0.21 Cr in revenue with a segment loss of ₹0.18 Cr. The company maintained a healthy balance sheet with no deviations in the utilization of recent equity issuance proceeds.
- Standalone Revenue increased 62.6% YoY to ₹25.20 Cr from ₹15.50 Cr in Q1 FY26.
- Net Profit surged 192.4% YoY to ₹3.86 Cr, compared to ₹1.32 Cr in the same quarter last year.
- Recognized ₹1.67 Cr in additional revenue during the quarter due to finalized customer price revisions.
- PCB segment EBIT grew 155% YoY to ₹5.54 Cr, reflecting strong operational leverage.
- Paid-up share capital rose to ₹19.82 Cr from ₹17.61 Cr sequentially, following equity issuance.
BCC Fuba India has scheduled its 83rd board meeting on August 8, 2026, to approve standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. This follows a strong FY26 where the company reported a 54% revenue growth to ₹72.59 Cr and a 57% increase in net profit to ₹5.88 Cr. Investors will be monitoring if the company can sustain the momentum from its March 2026 quarter, which saw record revenue of ₹22.79 Cr. The trading window has been closed since July 1, 2026, in compliance with insider trading regulations.
- 83rd Board Meeting scheduled for August 8, 2026, to approve Q1 FY27 results.
- Results pertain to the quarter ended June 30, 2026.
- Trading window closed from July 1, 2026, until 48 hours after the results announcement.
- Company reported a TTM revenue of ₹73 Cr and a TTM PAT of ₹6 Cr as of the last fiscal year.
- FY26 revenue grew to ₹72.59 Cr from ₹47.07 Cr in FY25, a 54% increase.
Financial Performance
Revenue Growth by Segment
Core revenue from Printed Circuit Board manufacturing operations grew 45.89% YoY to ₹47.07 Cr.
Profitability Margins
Net Profit ratio declined 31.78% to 8% (0.08) from 12% (0.12) in the previous year. ROE decreased 21.33% to 17% (0.17) from 22% (0.22).
EBITDA Margin
EBIT margin is approximately 12.62% (EBIT of ₹5.94 Cr on ₹47.07 Cr revenue), with EBIT growing 44.99% YoY from ₹4.10 Cr.
Capital Expenditure
Property, Plant and Equipment (PPE) increased by approximately ₹4.45 Cr (44%) to ₹14.54 Cr in FY25, with an additional ₹32.84 Lakhs in Capital Work-in-Progress.
Credit Rating & Borrowing
Not disclosed; however, the company has sanctioned working capital and cash credit limits exceeding ₹5 Cr.
Operational Drivers
Import Sources
Machinery is imported from Germany, Italy, France, UK, USA, and China.
Capacity Expansion
PPE expanded from ₹10.09 Cr to ₹14.54 Cr (a 44% increase in asset base) to support core revenue growth of 45.89%.
Manufacturing Efficiency
Net Capital Turnover Ratio improved 107.72% to 5.34, reflecting significantly higher revenue generation per unit of capital employed.
Strategic Growth
Expected Growth Rate
25%
Growth Strategy
The company aims to capture a larger share of the Indian PCB market (projected to reach USD 24.7 billion by 2030) by transitioning into a self-reliant manufacturing hub. This involves technology partnerships for HDI and flexible circuits, leveraging its German technological foundation, and utilizing state-of-the-art machinery imported from Germany and the USA.
Products & Services
Professional-grade Printed Circuit Boards (PCBs).
Brand Portfolio
BCC Fuba.
New Products/Services
HDI and flexible circuits are identified as key technological evolution areas for future revenue contribution.
Market Expansion
Targeting the domestic PCB market, which is projected to grow from USD 6.3 billion to USD 24.7 billion by 2030.
Strategic Alliances
Joint venture with Fuba Hans Kolbe & Co. (Germany) and DEG (European financial institution).
External Factors
Industry Trends
The Indian PCB industry is entering a transformative phase with the PCBA segment expected to reach USD 87.5 billion by 2030, driven by automotive, healthcare, and industrial automation sectors.
Competitive Moat
Durable competitive advantage through its historical joint venture with Fuba Hans Kolbe & Co. (Europe's largest PCB manufacturer), providing access to unique manufacturing methods and quality control processes sustained by high-end imported machinery.
Macro Economic Sensitivity
Highly sensitive to the Indian government's target of USD 500 billion in electronics manufacturing by 2030, which directly drives demand for PCB and PCBA segments.
Consumer Behavior
Increased demand for smart devices and electronic components across consumer and industrial sectors is accelerating PCB demand.
Geopolitical Risks
Beneficiary of the 'China+1' strategy as global supply chains shift toward India as a trusted manufacturing alternative.
Regulatory & Governance
Industry Regulations
Compliance with Ind AS 133 and Section 143 of the Companies Act 2013; the company is exempt from CSR reporting under Section 135(1) as it does not meet the criteria.
Taxation Policy Impact
Deferred tax assets (net) stood at ₹50.11 Lakhs as of March 31, 2025.
Legal Contingencies
The company has no pending litigations as of March 31, 2025.
Risk Analysis
Key Uncertainties
Technological obsolescence risks if the company fails to adopt HDI/flexible circuits and operational risks related to discrepancies in quarterly reporting to banks, which showed differences of up to ₹85,886 in receivables during FY25.
Third Party Dependencies
Dependency on imported machinery from Germany, Italy, France, UK, USA, and China for manufacturing and quality control.
Technology Obsolescence Risk
High risk if the company fails to transition to HDI and flexible circuit technologies as smart device proliferation accelerates.
Credit & Counterparty Risk
Trade Receivable Turnover Ratio improved 34.95% to 4.35, indicating faster collection cycles and reduced credit risk from customers.