Bang Overseas Limited (BANG)
₹31.20 -0.98% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Bang Overseas' revenue was ₹57.2 Cr (+17.8% year on year, -1.5% on the previous quarter), and net profit ₹0.3 Cr (-80.0% year on year); the operating margin was 2.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹57.2 | +17.8% | -1.5% |
| Operating profit | ₹1.6 | +23.8% | -61.9% |
| Net profit | ₹0.3 | -80.0% | -86.6% |
| EPS (₹) | 0.25 | -80.0% | -86.6% |
| Operating margin | 2.7% | — | — |
BANG delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 41.1% of the BANG shares traded on NSE were taken to delivery, against the stock's own 20-session average of 51.29%. That is close to its usual level. Turnover was only ₹34 lakh, so a handful of trades can move this figure. It traded 2.2 times its average daily volume. 2 bulk or block deals were reported in BANG in the last 60 days: ₹0.27 Cr bought and ₹0.27 Cr sold.
Delivery in the last 5 sessions: 73.4% · 42.8% · 12.6% · 20.6% · 41.1%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 15 Oct | Buy | Rimpy Mittal | ₹0.27 Cr | ₹34.40 | 79,104 | Bulk |
| 15 Oct | Sell | Rimpy Mittal | ₹0.27 Cr | ₹34.37 | 79,104 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Bang Overseas Limited submitted voting results and the Scrutinizer's Report for its 34th Annual General Meeting held on September 29, 2026. Shareholders approved all four ordinary resolutions with over 98% majorities. Passed items include the adoption of FY26 financial statements (99.99% approval), the reappointment of director Mr. Brijgopal Bang (99.17% approval), and material related party transactions with Thomas Scott (India) Limited directly and via wholly owned subsidiary Vedanta Creations Limited (both approved by 98.74%).
- Resolution 1 (FY26 Standalone and Consolidated Financial Statements) passed with 99.99% votes in favour (6,099,196 votes)
- Resolution 2 (Re-appointment of Director Mr. Brijgopal Bang) approved with 99.17% votes in favour (16,096 votes)
- Resolutions 3 and 4 approving Material Related Party Transactions with Thomas Scott (India) Limited passed with 98.74% votes in favour (16,021 votes each)
- A total of 34 shareholders were present in person or via proxy during the AGM held via video conferencing
Bang Overseas Limited has convened its 34th Annual General Meeting (AGM) for September 29, 2026, via video conferencing. Key resolutions include shareholder approval for material related party transactions (RPT) with promoter-related entity Thomas Scott (India) Limited—up to Rs 200 crore directly and Rs 100 crore via wholly owned subsidiary Vedanta Creations Limited for a 1-year period. Together, the Rs 300 crore RPT ceiling represents over 128% of the company's TTM revenue of Rs 233 crore. Additionally, the AGM agenda includes the re-appointment of Managing Director Brijgopal Bang at an annual remuneration of Rs 50.00 lakh.
- 34th AGM scheduled for September 29, 2026; remote e-voting runs from September 25 to September 28, 2026 with cut-off date of September 22, 2026.
- Shareholder approval sought for material RPT up to Rs 200 Crores with Thomas Scott (India) Limited for 1 year starting September 30, 2026.
- Subsidiary Vedanta Creations Limited seeks approval for RPT of up to Rs 100 Crores with Thomas Scott (India) Limited.
- Proposed re-appointment of Managing Director Brijgopal Bang (holding 11.22% equity) with remuneration revised to Rs 50.00 Lakh from Rs 48.00 Lakh.
Bang Overseas reported a consolidated revenue of ₹57.20 Cr for Q1 FY27, representing a 17.8% growth compared to ₹48.56 Cr in Q1 FY26. However, consolidated net profit plummeted by 80% YoY to ₹0.34 Cr from ₹1.69 Cr, driven by a sharp rise in finance costs and operating expenses. Finance costs doubled to ₹0.83 Cr from ₹0.40 Cr in the year-ago period. The standalone performance was even weaker, with a net profit of just ₹0.06 Cr for the quarter.
- Consolidated revenue increased 17.8% YoY to ₹57.20 Cr.
- Consolidated net profit fell 80% YoY to ₹0.34 Cr from ₹1.69 Cr.
- Finance costs surged 107.5% YoY to ₹0.83 Cr from ₹0.40 Cr.
- Consolidated EPS dropped significantly to ₹0.25 from ₹1.25 YoY.
- Purchases of stock-in-trade (Consolidated) stood at ₹37.67 Cr for the quarter.
Bang Overseas Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFIN Technologies Limited (the company's Registrar and Share Transfer Agent), confirms that share dematerialization and rematerialization requests for the quarter ended June 30, 2026, have been processed. This is a standard administrative filing required for all listed entities and does not reflect any change in business fundamentals or financial performance.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar and Share Transfer Agent (RTA) confirmed as KFIN Technologies Limited
- Confirms processing of securities dematerialized/rematerialized during the period
- Filing submitted to both BSE and NSE as per regulatory requirements
Bang Overseas Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the declaration of the company's unaudited financial results. The specific date for the Board Meeting to approve these results will be communicated separately.
- Trading window closure begins on Wednesday, July 1, 2026.
- Closure is related to the Unaudited Financial Results for the quarter ended June 30, 2026.
- The restriction applies to all Designated Persons and their immediate relatives.
- The window will reopen 48 hours after the financial results are officially declared to the exchanges.
Brijgopal Bang, representing the promoter and promoter group of Bang Overseas Limited, has filed a formal declaration under SEBI (SAST) Regulations. The disclosure confirms that no equity shares held by the promoter group were encumbered, created, or invoked during the financial year ended March 31, 2026. This annual declaration covers 30 entities within the promoter group, including both individuals and Bodywave Fashions (India) Private Limited. Such filings are standard procedures to ensure transparency regarding the status of promoter holdings and potential debt risks.
- Compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Confirmation of zero encumbrance or pledging of promoter shares for the full financial year ended March 31, 2026.
- The declaration encompasses a total of 30 promoter and promoter group entities.
- The disclosure was submitted to both BSE and NSE on April 06, 2026.
Bang Overseas Limited has announced the re-appointment of M/s. FRG & Company as its Internal Auditor for the financial year 2026-27. The decision was approved by the Board of Directors during their meeting on May 29, 2026, following recommendations from the Audit Committee. This move ensures continued compliance with the Companies Act, 2013 and SEBI (LODR) Regulations. The firm, FRG & Company, is a partnership specializing in audit, taxation, and advisory services.
- Re-appointment of M/s. FRG & Company (FRN: 023258N) as Internal Auditor for FY 2026-27.
- Board approval granted on May 29, 2026, based on Audit Committee recommendations.
- The firm is a partnership based in Mumbai, specializing in statutory and internal audits.
- The appointment is in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.
Bang Overseas Limited has approved its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The independent auditor's report confirms that the company incurred a net loss for the year. The board has also confirmed the re-appointment of M/s FRG & Company as the Internal Auditor for the 2026-27 fiscal year. The consolidated results include the performance of wholly-owned subsidiaries Vedanta Creations Limited and Bang HK Limited.
- Reported a consolidated net loss for the full financial year ended March 31, 2026.
- Auditors issued an unmodified opinion on both standalone and consolidated financial statements.
- Re-appointed M/s FRG & Company as Internal Auditor for the upcoming financial year 2026-27.
- Consolidated entities include Vedanta Creations Limited and the international subsidiary Bang HK Limited.
Bang Overseas Limited has informed the stock exchanges that its official website, www.banggroup.com, is currently inaccessible due to unexpected technical server glitches. The company's technical team is actively working on the restoration process and expects the site to be operational shortly. During this downtime, all material disclosures and financial results remain accessible to investors on the BSE and NSE websites. The company has provided a dedicated email address for urgent investor grievances during this period.
- Official website www.banggroup.com is temporarily down due to server-side technical issues.
- Technical teams are currently working on a resolution to restore access soon.
- Material disclosures and financial data remain fully accessible via NSE and BSE portals.
- Investors can contact the Secretarial Department at cs@banggroup.com for urgent queries.
Bang Overseas Limited has provided a clarification to the stock exchanges regarding a discrepancy in its XBRL filing for the quarter ended September 30, 2025. The company stated that half-yearly figures were inadvertently uploaded instead of quarterly figures due to a clerical oversight in the XBRL utility selection. The company has since re-submitted the corrected XBRL data on November 26, 2025, and confirmed that the original PDF filing was accurate. This is a procedural correction and does not reflect any change in the company's actual financial performance.
- Clarification issued regarding Regulation 33 of SEBI LODR for the quarter ended September 30, 2025.
- Half-yearly figures were mistakenly uploaded in the XBRL utility instead of quarterly figures.
- Corrected XBRL financial results were re-submitted to BSE and NSE on November 26, 2025.
- The company confirmed that the Board-approved PDF results previously submitted were correct.
Bang Overseas Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the period ended March 31, 2026. The certificate, issued by the company's Registrar and Transfer Agent, KFin Technologies Limited, confirms that securities received for dematerialization have been processed. This filing is a standard administrative requirement to ensure the accuracy of shareholding records with NSDL and CDSL. It indicates the company is maintaining its routine regulatory obligations.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- Confirmation provided by Registrar and Transfer Agent KFin Technologies Limited.
- Covers processing of dematerialization and rematerialization requests under SEBI norms.
- Details have been furnished to both BSE and NSE where the company is listed.
Bang Overseas Limited has informed the stock exchanges that its trading window will be closed starting April 1, 2026, in compliance with SEBI Prohibition of Insider Trading regulations. This closure is ahead of the declaration of the audited financial results for the quarter and financial year ending March 31, 2026. The window will remain closed for all designated persons and their relatives until 48 hours after the results are made public. This is a standard regulatory procedure and does not impact the company's fundamental operations.
- Trading window closure begins on Wednesday, April 1, 2026.
- Restriction pertains to the Audited Financial Results for the Quarter and FY ending March 31, 2026.
- Window to reopen 48 hours after the official declaration of financial results.
- Applies to all Designated Persons and their immediate relatives as per SEBI norms.
Bang Overseas Limited successfully passed three key resolutions at its Extraordinary General Meeting (EGM) held on March 12, 2026. Shareholders approved material related party transactions (RPTs) with Thomas Scott (India) Limited and its subsidiary, Vedanta Creations Limited. Additionally, a special resolution was passed to increase investment limits for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). These approvals facilitate operational continuity and potentially broaden the company's investor base.
- Approved Material Related Party Transactions with Thomas Scott (India) Limited with a 99.99% majority.
- Passed a Special Resolution to increase investment limits for NRIs and OCIs to enhance capital accessibility.
- Authorized RPTs between wholly-owned subsidiary Vedanta Creations Limited and Thomas Scott (India) Limited.
- A total of 6,838,592 valid votes were polled, with 100% support for the NRI investment limit increase.
- The meeting was attended by 38 shareholders through video conferencing and other audio-visual means.
Bang Overseas Limited conducted an Extraordinary General Meeting (EGM) on March 12, 2026, to address key corporate resolutions. Shareholders deliberated on material related party transactions involving Thomas Scott (India) Limited and the company's subsidiary, Vedanta Creations. A significant special resolution was also proposed to increase the investment limits for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). The meeting was attended by 38 shareholders, and final voting results are expected within two working days.
- Approval sought for material related party transactions with Thomas Scott (India) Limited.
- Proposed RPT between wholly-owned subsidiary Vedanta Creations Limited and Thomas Scott (India) Limited.
- Special resolution tabled to increase investment limits for NRIs and OCIs to potentially broaden the investor base.
- Meeting attended by 38 shareholders, including 17 from the Promoter Group and 21 from the Public.
- Final voting results to be declared and disseminated within 48 hours of the meeting's conclusion.
Bang Overseas Limited has scheduled an Extraordinary General Meeting (EGM) on March 12, 2026, to seek shareholder approval for significant related party transactions and a change in investment limits. The company is proposing a ₹200 Crore transaction limit with Thomas Scott (India) Limited, while its subsidiary, Vedanta Creations, seeks a separate ₹100 Crore limit with the same entity. Additionally, the company plans to increase the investment ceiling for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) from 10% to 24%. These moves indicate a consolidation of business with affiliated entities and an effort to broaden the investor base.
- Proposed ₹200 Crore transaction limit for sale/purchase of goods with Thomas Scott (India) Limited for one year.
- Subsidiary Vedanta Creations Limited seeking approval for a ₹100 Crore transaction limit with Thomas Scott (India) Limited.
- Proposal to increase NRI/OCI investment limits from 10% to 24% of the paid-up equity share capital.
- EGM scheduled for March 12, 2026, with a cut-off date of March 05, 2026, for voting eligibility.
Financial Performance
Revenue Growth by Segment
The company operates in a single primary business segment (Textiles). Standalone revenue for FY2024-25 grew by 42.51% to INR 190.49 Cr from INR 133.67 Cr in the previous year. Consolidated revenue for the half-year ended September 30, 2025, reached INR 42.55 Cr, reflecting a 22.93% increase YoY.
Geographic Revenue Split
Manufacturing operations are concentrated in Bengaluru, Karnataka, while trading of premium cotton fabric is managed through subsidiaries in Mumbai, Maharashtra. Specific percentage splits by region are not disclosed in available documents.
Profitability Margins
Standalone Net Profit margin improved from a loss of 5.39% to a loss of 1.05% in FY2024-25. Consolidated Net Profit after tax for H1 FY2025-26 was INR 30.03 Cr, representing a margin of approximately 7.06% on consolidated profit before tax of INR 42.55 Cr.
EBITDA Margin
Standalone EBITDA margin improved from -3.57% (INR -4.77 Cr) to -0.48% (INR -0.91 Cr) in FY2024-25. This improvement of 309 basis points indicates better absorption of fixed costs despite remaining in the negative territory.
Capital Expenditure
Consolidated capital expenditure for the half-year ended September 30, 2025, was INR 21.14 Cr, primarily directed towards Property, Plant, and Equipment and Capital Work-in-Progress, up from INR 11.32 Cr in the previous period.
Credit Rating & Borrowing
The company's credit rating was migrated to 'CRISIL BB-/Stable/CRISIL A4+ Issuer not cooperating' due to inadequate information. Historical interest coverage was 4.17 times in 2019, with an adjusted debt-to-net-worth ratio of 0.38 times.
Operational Drivers
Raw Materials
Premium cotton fabric and yarn are the primary raw materials, though specific percentage of total cost for each is not disclosed.
Capacity Expansion
The company has consistently invested in its manufacturing plant to align with the latest technology; however, specific installed capacity in units or MT is not disclosed.
Raw Material Costs
Raw material risks are managed through consistent investment in technology to improve quality and production efficiency. Specific YoY cost change percentages were not provided.
Manufacturing Efficiency
The company focuses on technology-driven quality improvements to maintain its niche positioning in the high-end garment market.
Strategic Growth
Expected Growth Rate
15%
Growth Strategy
Growth is targeted through niche positioning in high-end customer segments and continuous technology upgrades in manufacturing plants. The company aims to leverage its Bengaluru manufacturing base and Mumbai trading subsidiaries to capture increased demand in the premium cotton fabric and readymade garment sectors.
Products & Services
Readymade garments, cotton shirts, and premium cotton fabrics.
Brand Portfolio
Bang Overseas Limited (BOL) and Vedanta Creations Ltd (VCL).
Market Expansion
The company focuses on high-end customers and maintains a niche market position, though specific new target regions are not detailed.
External Factors
Industry Trends
The textile industry is characterized by perennial demand but cyclical supply. Future growth is driven by manufacturing competitiveness and the ability to adapt to rapid shifts in consumer preferences toward premium products.
Competitive Landscape
The industry is highly competitive with frequent changes in consumer preferences and sentiments, requiring constant product innovation.
Competitive Moat
The company's moat is built on its niche positioning for high-end customers and its integrated model of manufacturing and trading premium fabrics. This is sustained by regular capital expenditure in technology to maintain quality leadership.
Macro Economic Sensitivity
Operations are sensitive to global and domestic demand-supply conditions and overall economic growth, which drives the perennial demand for textiles.
Consumer Behavior
Demand is heavily influenced by shifting consumer preferences in the apparel sector, necessitating a responsive supply chain.
Geopolitical Risks
The company is subject to economic developments in India and other countries with which it has business contacts, including potential changes in tax structures and government regulations.
Regulatory & Governance
Industry Regulations
Operations must comply with the Companies Act, 2013, Indian Accounting Standards (Ind AS), and SEBI (LODR) Regulations. Manufacturing is subject to standard industrial and labor regulations.
Taxation Policy Impact
The company is subject to Indian Income Tax; standalone tax expense for FY2024-25 resulted in a tax credit/benefit of INR 1.62 Cr due to losses.
Legal Contingencies
The company has disclosed pending litigations in Note 28 of its financial statements. While specific case values are not detailed in the summary, the auditors noted that the company has disclosed the impact of these litigations on its financial position.
Risk Analysis
Key Uncertainties
Raw material price volatility and cyclical supply-side fluctuations pose significant risks to margin stability. Consumer sentiment shifts could impact revenue by up to 10-15% if product lines do not align with seasonal trends.
Geographic Concentration Risk
Manufacturing is concentrated in Bengaluru, making the company dependent on the local industrial climate and labor relations in Karnataka.
Third Party Dependencies
The company relies on banking institutions for working capital limits exceeding INR 5 Cr, making it dependent on continued credit availability.
Technology Obsolescence Risk
The textile industry requires frequent technology upgrades; failure to invest in the latest manufacturing tech could lead to a loss of the 'high-end' niche position.
Credit & Counterparty Risk
Consolidated trade receivables were INR 139.80 Cr as of September 30, 2025, representing a significant portion of current assets and indicating substantial credit exposure to buyers.
