Bharatiya Global Infomedia Limited (BGLOBAL)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Bharatiya Global's revenue was ₹0.3 Cr (+32.0% year on year), and net profit ₹2.5 Cr (against a loss a year earlier); the operating margin was 145.5%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.3 | +32.0% | — |
| Operating profit | ₹0.5 | from loss | from loss |
| Net profit | ₹2.5 | from loss | +366.0% |
| EPS (₹) | 1.28 | from loss | +265.7% |
| Operating margin | 145.5% | — | — |
📢 Recent Corporate Announcements
Bharatiya Global Infomedia Limited has received approval from the Registrar of Companies (ROC), Delhi, granting a 3-month extension to conduct its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The statutory deadline of September 30, 2026, could not be met due to a technical crash in the company's accounting software. The ROC granted the extension under Section 96(1) of the Companies Act, 2013, while advising the company to ensure timely compliance in the future. The micro-cap company (market cap Rs 6 Cr) generated negligible annual revenue (Rs 0.33 Cr in FY26) alongside persistent governance issues.
- ROC granted an extension of up to 3 months to conduct the AGM for FY ended March 31, 2026
- Application was filed on September 2, 2026 (SRN AC5790601), following an accounting software crash
- Statutory AGM deadline of September 30, 2026 extended pursuant to Section 96(1) of the Companies Act, 2013
- ROC explicitly cautioned the company to be careful in the future regarding timely statutory compliance
Bharatiya Global Infomedia Limited has announced that its Board of Directors approved an application to the Registrar of Companies (ROC), Delhi-1, seeking a 3-month extension to conduct its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The company cited unavoidable and unforeseen circumstances for its inability to hold the meeting within the statutory deadline under Section 96(1) of the Companies Act, 2013. The company will update the stock exchanges upon receiving the ROC's decision.
- Board approved seeking a 3-month extension for holding the FY26 AGM under Section 96(1) of the Companies Act, 2013
- Application formally submitted to the Registrar of Companies (ROC), Delhi-1
- Board meeting held on September 07, 2026, from 03:00 PM to 04:00 PM
Bharatiya Global Infomedia Limited informed exchanges that Independent Director Mrs. Jaya Misra (DIN: 03224759) has resigned from the board with effect from August 14, 2026. The resignation was cited as being due to personal reasons and pre-occupation, with no other material reasons confirmed. The company operates at a micro-cap scale of approximately ₹6 crore market cap with minimal operational revenues.
- Independent Director Mrs. Jaya Misra resigned effective August 14, 2026
- Reason stated is personal reasons and pre-occupation with no other material reasons
- Directorships held in other listed entities reported as Nil
- Company to file E-Form DIR-12 with the Registrar of Companies
Bharatiya Global Infomedia Limited has announced the resignation of Mrs. Jaya Misra (DIN: 03224759) from her position as Independent Director, effective August 14, 2026. The reason cited for cessation is pre-occupation, with written confirmation that no other material reasons exist. Mrs. Misra held nil directorships in other listed entities. The announcement represents a routine board update without immediate operational impact.
- Resignation of Independent Director Mrs. Jaya Misra (DIN: 03224759) effective 14th August, 2026
- Reason cited for cessation is pre-occupation with no other material reasons confirmed
- Directorships held in other listed entities reported as Nil
Bharatiya Global Infomedia reported zero standalone operational revenue for the quarter ended June 30, 2026, reflecting a continued halt in core business activity. The consolidated entity managed a marginal revenue of Rs 10.50 Lakhs but posted a net loss of Rs 7.57 Lakhs. A major concern is the auditor's 'Emphasis of Matter' regarding the non-provision of a Rs 6 Crore SEBI penalty and Rs 5.40 Crore in unrecovered inter-corporate deposits. These combined unprovided items (Rs 11.40 Cr) represent nearly 190% of the company's current market capitalization of Rs 6 Crore.
- Standalone revenue from operations remained at Rs 0.00 for the quarter ended June 30, 2026.
- Auditors highlighted non-provision of a Rs 6.00 Crore penalty imposed by SEBI.
- Principal amount of Rs 5.40 Crore in Inter-Corporate Deposits (ICDs) remains unrecovered and unprovided for.
- Company has failed to submit Annual Returns for seven consecutive years from FY 2018-19 to FY 2024-25.
- Consolidated net loss for the quarter stood at Rs 7.57 Lakhs compared to a profit in the previous quarter which was driven by deferred tax credits.
Bharatiya Global Infomedia reported a marginal revenue of Rs 0.105 Cr for Q1 FY27, resulting in a net loss of Rs 0.0757 Cr. The auditor's report highlights severe governance and financial risks, specifically the non-provision of a Rs 6 Cr SEBI penalty and Rs 5.40 Cr in doubtful inter-corporate deposits. Additionally, the company has failed to file annual returns for seven consecutive years (FY19 to FY25). These unprovided liabilities and doubtful assets totaling Rs 11.40 Cr are nearly double the company's current market capitalization of Rs 6 Cr.
- Revenue from operations for Q1 FY27 was a minimal Rs 10.50 Lakhs.
- Auditors flagged a Rs 6.00 Cr SEBI penalty that has not been provided for in the financial statements.
- Non-provision of Rs 5.40 Cr in recoverable Inter-Corporate Deposits (ICD) is artificially inflating the net worth.
- The company has failed to submit Annual Returns to the Registrar of Companies for 7 years (FY 2018-19 to FY 2024-25).
- Total unprovided liabilities and doubtful recoveries (Rs 11.40 Cr) represent approximately 190% of the company's market capitalization.
Bharatiya Global Infomedia Limited (BGLOBAL) has published a newspaper extract of its audited financial results for the quarter and full year ended March 31, 2026. The results were formally approved by the Board of Directors on May 29, 2026, and filed with the stock exchanges. While the specific financial figures are not detailed in the newspaper clipping, the company has directed investors to the BSE and NSE websites for the full disclosure. This is a routine regulatory requirement under Regulation 33 of SEBI (LODR) Regulations.
- Audited financial results for the quarter and year ended March 31, 2026, have been approved.
- The Board of Directors meeting for approval of results was held on May 29, 2026.
- The filing complies with Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015.
- Full financial details are available on the company website (www.bgil.in) and stock exchange portals.
Bharatiya Global Infomedia reported a net profit of ₹3.17 crore for FY26, a turnaround from a loss of ₹4.48 crore in FY25, though this was entirely due to a deferred tax credit of ₹4.09 crore as revenue from operations fell to zero. The company's operational health is critical, with a pre-tax loss of ₹0.92 crore and significant auditor qualifications regarding unprovided liabilities. Most alarmingly, the auditor noted that the company has failed to file annual returns for seven consecutive years (FY19-FY25) and has not provided for a ₹6 crore SEBI penalty.
- Revenue from operations dropped to zero for the full year FY26 compared to ₹27.25 lakhs in FY25.
- Net profit of ₹3.17 crore is purely an accounting artifact from a ₹4.09 crore deferred tax credit.
- Auditor flagged non-provision of a ₹6 crore SEBI penalty and ₹5.40 crore in doubtful inter-corporate deposits.
- The company is in severe regulatory default, having failed to file Annual Returns for the last seven financial years.
- Management changes include the appointment of Jamuna Prasad Sharma as CFO and Deepak Srivastava as Independent Director.
Bharatiya Global Infomedia reported a net profit of ₹3.17 crore for FY26, which was entirely driven by a deferred tax credit of ₹4.09 crore as the company suffered an operational loss before tax of ₹91.92 lakhs. Annual revenue remains extremely low at just ₹25.25 lakhs. The auditor's report contains severe 'Emphasis of Matter' notes, including the non-provision of a ₹6 crore SEBI penalty and ₹5.40 crore in doubtful inter-corporate deposits. Critically, the company has failed to file annual returns for seven consecutive years (FY19 to FY25) and is irregular in GST and TDS compliance.
- FY26 net profit of ₹3.17 crore achieved solely through a ₹4.09 crore deferred tax credit despite operational losses.
- Auditor flagged non-provision of a ₹6 crore SEBI penalty and ₹5.40 crore in recoverable inter-corporate deposits.
- Company has defaulted on filing Annual Returns for seven years from FY 2018-19 to FY 2024-25.
- Revenue from operations for the full year FY26 stood at a negligible ₹25.25 lakhs.
- Management changes include the appointment of Jamuna Prasad Sharma as CFO and Deepak Srivastava as Independent Director.
Bharatiya Global Infomedia Limited (BGLOBAL) has submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended December 31, 2025. The certificate, issued by a practicing Company Secretary, confirms that the company is maintaining a non-tamperable database to track Unpublished Price Sensitive Information (UPSI) as per SEBI regulations. The detailed audit log shows systematic tracking of financial result disclosures and audit processes throughout the year. This filing demonstrates the company's adherence to transparency and insider trading prevention protocols.
- Confirmed maintenance of a non-tamperable Structured Digital Database (SDD) with an 8-year record retention capability.
- Audit log captures multiple UPSI entries (UPSI5 to UPSI14) related to financial results for periods ending June, September, and December 2025.
- The certificate verifies that all UPSI sharing was accompanied by Non-Disclosure Agreements (NDAs) or confidentiality notices.
- Compliance is certified by AK & Associates, confirming that the system captures the nature of information, date, time, and recipient IDs.
Bharatiya Global Infomedia reported zero operational revenue for the quarter ended December 31, 2025, on both standalone and consolidated bases. Despite an operational loss before tax of ₹51.46 lakh, the company posted a net profit of ₹53.49 lakh due to a significant deferred tax credit of ₹104.96 lakh. Auditor concerns are severe, highlighting the non-provision of ₹5.40 crore in recoverable deposits and a ₹6 crore SEBI penalty. Furthermore, the company has been without a Chief Financial Officer since 2018, indicating persistent governance issues.
- Consolidated revenue from operations fell to zero for the quarter ended December 31, 2025.
- Net profit of ₹53.49 lakh was achieved only through a deferred tax credit of ₹104.96 lakh.
- Auditors flagged non-provision of ₹5.40 crore in Inter-corporate deposits and a ₹6 crore SEBI penalty.
- The company remains in violation of the Companies Act for failing to appoint a CFO since May 2018.
- Utilization of 2011 IPO proceeds remains incomplete, with ₹1,382.50 lakh spent on machinery against a ₹1,532.50 lakh target.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment. Consolidated revenue from operations for Q2 FY26 was INR 0.00 Lakh, representing a 100% decline from INR 27.25 Lakh in Q2 FY25. Total income including other income was INR 3.99 Lakh, down 85.3% YoY.
Geographic Revenue Split
Not disclosed in available documents. The company operates primarily from its registered office in New Delhi and corporate office in Noida.
Profitability Margins
Operating margins are deeply negative as the company reported a loss before tax of INR 39.99 Lakh on total revenue of INR 3.99 Lakh for Q2 FY26. Net profit margin was 1,663% (INR 66.39 Lakh) only due to a deferred tax credit of INR 106.38 Lakh, which is non-operational in nature.
EBITDA Margin
EBITDA is negative. For Q2 FY26, the company recorded an operating loss (before interest, tax, and depreciation) of approximately INR 20.19 Lakh, compared to an operating loss of INR 8.07 Lakh in Q2 FY25, indicating a 150% increase in operational cash burn.
Capital Expenditure
The company has utilized INR 13.82 Cr for the upgradation of machinery and assets and INR 7.54 Cr for setting up offices out of its IPO proceeds as of September 30, 2025. Total planned expenditure for machinery was INR 15.32 Cr.
Credit Rating & Borrowing
The company has current borrowings of INR 4.05 Cr and non-current trade payables of INR 13.89 Cr. Specific credit ratings and interest rate percentages are not disclosed, but the company has a history of repaying an RBS loan (INR 2.93 Cr utilized).
Operational Drivers
Raw Materials
Not applicable as the company operates in the IT/Infomedia service sector. Primary costs are Employee Benefits (INR 6.31 Lakh) and Depreciation (INR 19.80 Lakh).
Capacity Expansion
The company is expanding its R&D facilities with INR 4.55 Cr utilized out of a planned INR 4.72 Cr. Office setup is 76% complete with INR 7.54 Cr spent against a target of INR 9.89 Cr.
Raw Material Costs
Not applicable. Operational costs are driven by employee expenses which accounted for 158% of total revenue in Q2 FY26 (INR 6.31 Lakh expense vs INR 3.99 Lakh revenue).
Manufacturing Efficiency
Not applicable. The company's efficiency is low as it generated zero operational revenue in Q2 FY26 despite having an equity base of INR 15.84 Cr.
Logistics & Distribution
Not applicable for the company's digital/infomedia service offerings.
Strategic Growth
Expected Growth Rate
0%
Growth Strategy
The company is focusing on utilizing remaining IPO proceeds for R&D expansion (INR 4.55 Cr spent) and machinery upgradation (INR 13.82 Cr spent) to pivot its service offerings. It is also undergoing a promoter reclassification process to potentially attract new investment or strategic partners.
Products & Services
Digital media services, IT solutions, and infomedia content production and distribution.
Brand Portfolio
Bharatiya Global Infomedia (BGIL).
New Products/Services
Expansion into enhanced R&D driven IT services; revenue contribution is currently 0% as operational revenue has stalled.
Market Expansion
The company is setting up new offices with a budget of INR 9.89 Cr to expand its geographic footprint within India.
Market Share & Ranking
Not disclosed; the company is a small-cap player with negligible current market share in the IT/Infomedia space.
External Factors
Industry Trends
The infomedia and IT sector is shifting toward high-tech R&D and digital-first content. The company is attempting to align via its R&D spend (INR 4.55 Cr), but is currently hindered by severe governance and liquidity issues.
Competitive Landscape
Competes with small to mid-sized IT and digital media firms in India; currently underperforming peers due to zero revenue generation.
Competitive Moat
The company lacks a sustainable moat. Its competitive advantage is currently eroded by a lack of operational revenue and significant legal/regulatory overhangs.
Macro Economic Sensitivity
High sensitivity to the regulatory environment in India, particularly SEBI and MCA compliance, which has directly led to penalties and operational halts.
Consumer Behavior
Shift toward digital content consumption is a tailwind, but the company has failed to monetize this trend in the recent quarter.
Geopolitical Risks
Low, as operations are primarily domestic and focused on the Indian infomedia market.
Regulatory & Governance
Industry Regulations
Subject to SEBI (LODR) Regulations 2015 and Companies Act 2013. The company is currently a 'defaulter' on the BSE website regarding Structural Digital Database compliance.
Taxation Policy Impact
The company benefited from a deferred tax credit of INR 1.06 Cr in Q2 FY26, which masked an operational loss of INR 39.99 Lakh.
Legal Contingencies
The company faces a SEBI penalty of INR 6 Cr and has unrecovered Inter-Corporate Deposits of INR 5.40 Cr. There are also significant delays in filing MCA forms (MGT-14, DPT-3, MGT-15) and a lack of a Chief Financial Officer (CFO) since May 2018.
Risk Analysis
Key Uncertainties
The primary risk is the potential insolvency or severe capital erosion if the INR 6 Cr SEBI penalty and INR 5.4 Cr ICD loss are fully realized, representing a 72% risk to equity capital.
Geographic Concentration Risk
100% of operations and assets are concentrated in India, specifically the Delhi-NCR region.
Third Party Dependencies
High dependency on legal outcomes and regulatory approvals for promoter reclassification to stabilize the board.
Technology Obsolescence Risk
High risk; the company's machinery upgradation is still in progress (INR 1.38 Cr remaining to be spent), while competitors are already utilizing advanced digital infrastructure.
Credit & Counterparty Risk
Severe credit risk; the company has failed to recover INR 5.40 Cr in principal from inter-corporate deposits, indicating poor credit assessment and recovery mechanisms.
