BPL Limited 28B/29, KIADB Industrial Area Veerapura Post,Doddaballapur-561 203 Bangalore District, Karnataka, India Email:- [email protected]: www.bpllimited.com CIN: L28997KL1963PLC002015

13th February, 2026

To,	To, ·
BSE Ltd.	National Stock Exchange of India Ltd
1 .h'DTlh11 e Corporate Re ations 1pepartmentbhhP eroze JeeJeeoy Towers,	Exchange Plaza, 5th Floor, Plot No. C-1, GBlock, Bandra Kurla Complex, Bandra
Dalal Street, Mumbai-400001	(E) Mumbai- 400 051
Scrip Code: 500074
	Symbol: BPL

Dear Sir/Madam,

Sub: Outcome of Board Meeting -Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended December 31, 2025.

Pursuant to the provisions of Regulation 30, 33 & other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that, the Board of Directors of the Company at their Meeting held today i.e., February 13, 2026, has inter-alia, considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025 and taken on record, the limited Audit Review Report on the results.

Pursuant to Regulation 33 of SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the statement of the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025 along with the limited Audit Review Report given by the Statutory Auditors of the Company

BPL Limited 28B/29, KIADB Industrial Area Veerapura Post,Doddaballapur-561 203 Bangalore District, Karnataka, India Email:- [email protected] Website: www.bpllimited.com CIN: L28997KL1963PLC002015

This intimation shall also be considered as Integrated Filing (Financial) for the quarter and nine mon~hs ended 31st Dece,:nber, 2025 pursuant_to the SEBI (Listing (?bligations and Disclosure Requirements) (Third Amendment) Regulations, 2024 read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-2/CIR/P/2024/185 dated 31st December, 2024, read with BSE Circular No. 20250102-4 and NSE Circular No. NSE/CMU2025/02 dated 2nd January, 2025.

The meeting of the Board of Directors commenced at 12:00 Noon and concluded at 03:45 P.M. This is for your information and records.

Thanking you,

Yours faithfully,

For BPL Limited

Company Secretary Encl: a/a

BPL Limited.
Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015
E-mail:[email protected], URL:www.bpllimited.com, Tel: No.+91 80 25589109
Statement of Standalone unaudited Financial Results for Quarter and Nine months ended 31 Dec 2025

			For Quarter Ended		For the nine months Ended		For the year ended
Sl. nos	Particulars	31-12-2025(Unaudited)	30-09-2025(Unaudited)	31-12-2024(Unaudited)	31-12-2025(Unaudited)	31-12-2024(Unudited)	31-03-2025(Audited)
$\mathbf{I}$	REVENUE
	Revenue from operations	1,919.14	1,983.90	1,931.97	5,850.75	5,962.20	7,835.86
$\Pi$	Other Income (net)	57.65	16.27	13.39	111.14	957.72	5,838.45
$\rm III$	Total Income (I+II)	1,976.79	2,000.17	1,945.36	5,961.89	6,919.93	13,674.31
IV	EXPENSES
	Cost of material consumed	1,226.85	1,233.46	874.92	3,552.32	2,971.39	4,039.74
	Changes in inventories of finished goods,Stock-in-Trade and work-in-progress	$-53.71$	16.98	117.40	(110.76)	13.52	(37.40)
	Employee benefits expense	350.51	265.43	246.05	876.94	791.94	999.14
	Finance costs	29.93	29.74	15.52	97.94	69.98	198.61
	Depreciation and amortization expense	61.65	60.71	61.32	182.21	168.97	229.03
	Other expenses	345.22	413.55	599.39	1,092.40	1,121.51	1.582.33
	Total Expenses	1,960.43	2,019.87	1,914.60	5,691.04	5,137.31	7,011.44
V	Profit/(loss) before exceptional itemsand tax (III-IV)	16.36	(19.70)	30.76	270.84	1,782.62	6,662.86
	Exceptional items (non-recurring cost)	0.00	0.00	0.00		0.00	6.614.43
VI	Profit/(loss) before tax	16.36	(19.70)	30.76	270.84	1,782.62	48.44
VII	Tax Expense:
	(1) Current Tax	2.86	W	5.37	47.32	311.46	105.00
	(2) MAT Credit Availed	(2.86)	÷	(5.37)	(47.32)	(311.46)
	(3) Deferred Tax	i.				u	(97.34)
VIII	Profit (Loss) for the period fromcontinuing operations (VI-VII)	16.36	(19.70)	30.76	270.84	1,782.62	40.77
IX	Profit/(loss) for the period	16.36	(19.70)	30.76	270.84	1,782.62	40.77
X	Other Comprehensive Income
	(i) Items that will not be reclassifiedto profit or loss	٠		۰
	(ii) Gains/(losses) on defined benefitobligations						(26.59)
XI	Total Comprehensive Income for the period(Comprising Profit (Loss) and OtherComprehensive Income for the period)	16.36	(19.70)	30.76	270.84	1,782.62	14.19
XII	Paid-up equity share capital:(Face value Rs.10 each)	4.897.67	4,897.67	4,897.67	4,897.67	4,897.67	4.897.67
	Earnings per equity share(for continuing operation):
	(1) Basic	0.03	(0.04)	0.06	0.55	3.64	0.03
	(2) Diluted	0.03	(0.04)	0.06	0.55	3.64	0.03

Notes:

1 . The above results have been reviewed by the Audit Committee and approved and taken on record by the Board of Directors at their respective meetings held on 09th Feb 2026 and 13th Feb 2026.
2 . The Financial results for all the periods presented above have been prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.
3. The format for unaudited quarterly / yearly results as prescribed in SEBl's Circular CIR/CFD/CMD/1 5/201 S dated 30 November 2015 has been modified to comply with requirements of SEBl's circular dated 5th July 20 I 6, Ind AS and Schedule Ill (Division II) to the Companies Act, 2013, applicable to companies that are required to comply with Ind AS.
4. The estimated amount of contingent liabilities as on Dec 31 , 2025, is Rs. 70.41 Crores.
5. An unsecured claimant had obtained an order against the Company from the Division Bench of the Honourable High Court of Delhi, upholding the order of the single Bench and the order of the Sole Arbitrator. A Special Leave Petition (SLP) against the said order filed by the company before the Hon. Supreme Court of India was dismissed vide order dated 4th Dec 2025. The company preferred a review of the judgment, and the review petition is yet to be listed for hearing. The unsecured creditor has filed a petition before the execution court based on the orders of the Supreme court. Objections against said petition has been filed by the company. An amount of Rs. 96,00,00.000/- (Rupees Ninety-Six Crores only) has been deposited with the Treasury of SC on 16th Sep 2025 and the same has been communicated to SEBI and disclosed it accordingly under current assets in the financial statements of 31 Dec 2025. The matter is yet to be disposed off.
6 . Preference Shares i~sued by the company have become due as per the terms of issue and are yet to be redeemed. Pursuant to the provisions of Section 55 of the Companies Act. 2013, Preference Shares can be redeemed only out of profits that are otherwise available for dividend. The Company does not have sufficient accumulated profits for redemption of the said preference shares.
7 . The Company has executed a brand license agreement for usage of " BPL" brand for sale of consumer durable products with 'Reliance Retail Limited' (RRL). The Company is entitled for a fee based on the actual amount on performance of the brand in terms of sales revenue. For the period ended 31 Dec 2025 , the brand license fee was accounted based on the actual sales data provided by RRL.
8. Provision for Deferred Taxation as per Ind AS-12 "Income Tax" provision for current Tax and employee benefits as per Ind AS 19 "Employee Benefits'' will be made at the end of the year.
9. Previous period figures have been regrouped / reclassified to conform to current period's presentations.

For and behalf of the Board of BPL Limited

aging Director)

Place: Bangalore Date : 13 Feb 2026

BPL Limited Cl~· L28997KLl 963PLC002015 Balance Sheet as at 31st December 2025

				(INR Lakhs)
	Particulars	Note No	Dec 31, 2025	March 3 1, 2025
	I	2	3	4
	ASSETS
{I)	~ on-Current Assets
a	Propen y, Plant and Equipment	I	2,348.39	2,500.97
b	Capital Work-in-progress	2	2.07	33.06
b	Investment property	3	155.37	160.22
C	Other Intangible Assets	4	45.5 1	12.28
d	Financial Assets
	(i) Investments	5	23,967.92	23,967.92
	(1i) Long tem1 Loans and Advances	6	3,134.89	3, 134.89
C	Deferred Tax Assets (Net)	7	2,985.54	2,938.22
f	Other non-current assets	8	186.26	186.26
(2)	Current assets
a	Inventories	9	819.65	527.60
b	Financial Assets
	(i) Trade Receivables	10	2.508.56	2,389.25
	(ii) Cash and Cash Equivalents	II	127.40	11 8.00
	(iii) Bank Balances other than (ii) above	12	137.64	30.72
	(iv) Other Financial Assets	13	5,822.08	5,822.08
C	Current Tax Assets (Net)	14	1. 136.30	1,005. 15
d	Other Current Assets	15	11 , 140.65	1,490.34
	Total Assets		54,518.23	44,316.97

	EQl lJTY AND LIABI LITI ES
3	EQl 'IT'
a	Equity share capital	16	4,897.67	4,897.67
b	Other equity	17	20,340.59	20.069.75
4	LIABILITIES
	Non-current liabilities
a	Financial liabilities
b	Provisions	18	4.18	12.7 1
	Current liabilities
a	Financial Liabiliues
	(i) Borrowings	19	10.549.71	805.35
	(ii) Trade Payables:-(A) total outstanding dues of micro enterprises and small enterprises: and	20	16. 16	16.27
	(B) total outstanding dues of creditors other than micro enterpmes and small enterprises
			1, 124.17	940.65
	iii) Other financial liabilities	21	17,225.87	17.221.06
b	Other current liabilities	22	359.88	339.88
C	Provisions	23		13.64
	Total Equ1tv and Liabilities		54,518.23	44,316.97
	Contingent Liabilities and Commitments	24	7.041.33	6,983. 13

BPL Limited
CIN - L28997KL1963PLC0020l5
Statement of Profit and Loss for the period ended 31st December 202S

				(INR Lakhs)
	Particulars	Note	Dec3I, 202S	March 31, 202S
	Revenue from operations (gross)
I	Revenue from Operations	2S	5,850.75	7,835.86
II	Other Income	26	111.14	5,838.45
Ill	Total Income (1+11)		5,961.89	13,674.31
IV	Expenses
	Cost of Material Consumed	27	3,552.32	4,039.74
	Changes in Inventories of finished goods, Stock in trade and Work in-progress	28	(110.76)	(37.40)
	Employee Benefit Expenses	29	876.94	999.14
	Finance Costs	30	97.94	198.61
	Depreciation and Amortisation Expenses	31	182.21	229.03
	Other Expenses	32	1,092.40	1,582.33
	Total Expenses (IV)		5,691.04	7,011.44
V	Profit/ (Loss) Before Exceptional Items and Tax (Ill-IV)		270.84	6,662.86
VI	Exceptional Items
	Less: Non-recurring non operating expense		-	6,614.43
VII	Profit/ (Lo~s) After Exceptional Items and Tax (V- VI)		270.84	48.44
	Tax Expense:
	(I) Current Tax		47.32	105.00
VIII	(2) MAT Credit Availed		(47.32)	-
	(3) Deferred Tax		-	(97.34)
	Total		-	7.66
	Profit/ (Loss) after tu for the period from continuing operations
IX	/VII-Vllll		270.84	40.77
X	Profit/(loss) from discontinued operations		-	-
XJ	Tax expense of discontinued operations		-	-
XII	Prolit/(loss) from Discontinued operations (after tax) (X-XI)		-	-
XIII	Profit/(loss) for the period (IX+XII)		270.84	40.77
	Other C'omprehensivt Income
	A.(i) Items that will not be reclassified to profit or loss		-	-
	XIV (ii) Gain / (Loss) on defined benefit obligations		-	(26.59)
	(iii) Income ta., relat111g 10 Items that will not be reclassified to profit or loss		-	-
	B (i) item~ that will be classified to profit or loss		-	-
	(ii) Income tax relating to Items that will be reclassified to profit or loss		-	-
xv	Total Comprehensive Income for the period (Xlll+XIV )Comprising Profit (Loss)
	and Other.comprehensive Income for the period )		270.84	14.19
	Earnings per equity share (for continuing operation):
	XVI (I) Basic		ll 55	().()3
	(2) Diluted		o.s,	0 03

BPL Limited CIN - L28997KLl963PLC002015 Statement of cashOows for the period ended 31st December 2025

		(INR Lakhs)
Particulars	Dec 31, 2025	March 31, 2025
Cash now from opera ting activities:
Profit for the penod	270.84	40 77
Adj ustments to reconcile net profit to net cash provided by ope rating activities:
Depreciation and Amonization	182.21	229.02
(Profit) / loss on sale I wnte o!T of assets	-	(4,851.25)
rmancc COSl	97.94	198.61
Interest income	(2.81)	(5.92)
Dividend income	-	(915.68)
Rental mcome	(4 1.44)	(52.84)
Non- Recurring non- operating expense		6,614.43
Non Cash adjustmems		(26.59)
Changes in assets and liabilities
Decrease 1 1 Increase) m mventories	(292.04)	(46.79)
Decrease / t Increase) m trade receivables	( I 19.31)	(250.4 1)
Decrease i I Increase) in financial and other assets.	(9,828.77)	(295.05)
(Decrease) / Increase m trade payable	183.41	397.07
(Decrease)/ Increase in financial. other liabili11es and provisions	2.64	465.06
(Decrease) Increase in other liabilities	-	(585.57)
Cash genc_ratcd from operations	(9,547.35)	914.87
	-
Net cash ge nerated bv oneratinP activities	(9,547.35)	914.87
Cash Oow from investing activities:
Purchase or propeny. plant and equipment. intangible assets (Net)	(27.01)	(63.91)
Proceeds from sale of property. plant and equipment		4,851.25
Depos11s made Mth / w11hdrawn from bank accounts	(106.92)	293.92
Interest received	2.8 1	5.92
Dividend rece1,ed	-	915 68
Rental Income	41.44	52.84
Net cash (used in) / from investin2 activities	(89.67)	6,055.70
Cash Oow from financing activities:
Shares issued on exercise of employee stock op11ons	-
Paymenl of dividends		(0. 17)
rinwce cost paid	(97.94)	( 198.61)
Proceeds from borrowings	9.744.37	-
Reooi mcnt of Borrowinus		(51.49)
Net cash used in fina ncinl! activities	9,646.43	(250.27)
Less: Payment of non-recumng expenses (exceptional)	-	7,200.00
Net increase/ (decrease) in cash and cash equivalents	9.4 1	(479.71)
Cash and cash equivalents at 1he beitinning of the vear	118.00	597.71
Cash and cash equivalents a t the end of the oeriod	127.40	118.00

MKUK & ASSOCIATES CtlA'RTE'RfV ACCOUNTANTS

Limited Review Report

To the Board of Directors, BPL Limited.

We have reviewed the accompanying unaudited financial results of BPL Limited (the 'Company") for the period ended 31 st December, 2025, together with the relevant notes thereon (the ·Statement'), The Statement has been prepared by the Company pursuant to Regulation 33 of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the .. Listing Regulations, 20 IS-) read with SEBl circular dated March 29, 2019.

This statement is the responsibility of the Company's Management and has been approved by the Board of Directors and has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, '·Review of Interim Financial Information Performed by the Independent Auditor of the Entity .. , issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement.

The review is li'11ited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with Ind AS and other recognized accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 read with SEBI circular dated March 29, 2019 including the manner in which it is to be disclosed, or that it contains any material misstatement, except for impact (if any) , of matters mentioned in note No. 6 of notes accompanying unaudited financial results.

Place: Bangalore Date: 13th February 2026 UDIN NO: 26091730CLQSYZ8077

For MKUK & ASSOC IA TES Chartered Accountants (FRN· 050113S) MAN (M 091730) PARTNER

3155/A, 2n.a,, f!,coy, 11dvMc;ti¥v, 2n.a,,S~ Indu'~. S~u, 'i60038 +-9180 25251861

			For Quarter Ended		For the nine months Ended		For the )tar ended
SI. No	Particula rs	31-12-2025(Unaudited)	30-09-2025(Unaudited)	31-12-2024(Unaudited)	31-12-2025(Unaudited)	31-12-2024(Unudited)	31-03-2025(Audited)
	I Segment Revenue
	(a) PCB	1.580.34	1.580.55	1.305.00	4.593.64	4,078.99	5.370.11
	(b) Brand Licensing Fee•! Refer Note No 7)	338.80	403.3S	626.97	1.257. 10	1.883.22	2.465.75
	(c) Unallocated	S7.65	16.27	13.39	111.1 4	957.72	5.838.45
	Total	1,976.79	2,000.17	1,945.36	5,961.89	6,919.93	13,674.31
	Less: 1111.:r ~egment Revenue	0.00	0.00	0.00	0.00	0.00	0.00
	Revenue from operations	1,976.79	2,000.1 7	1,945.36	5,961.89	6,919.93	13,674.31
	2 SeJ?ment Results
	(a) PCB	98.00	76.3 1	19.78	286.00	297.15	222.84
	(b) Brand Ltcensmg Fee	(62.60)	(82.54)	26.50	18.40	597.71	8 12.95
	( c) Others unallocated	10.89	16.27	0.00	64.38	957.72	5.825.69
	Total	46.29	10.04	46.28	368.78	1,852.59	6,861.48
	(Add)/Less:(i) Finance cost	29.93	29.74	15.52	97.94	69.98	198.61
	(ii) Other un-allocable u pense net ofun-allocable income	-	-	-	-	-	6.6 I 4.43
	Profit/ (Loss) before tat	16.36	( 19. 70)	30.76	270.84	1,782.61	48.44
	3 Segment Assets
	Ca) PCB	6,883.05	6.885.63	5.183.02	6.883.05	S. 183.02	6.456.04
	(b) Brand L1cc11s111g Fee	338.80	475.9S	739.84	338.80	739.84	S82.53
	(c) Unallocated	47.296.37	47. 193.68	46.386.46	47.296.37	46.386.46	37.278.40
	Total segment assets	54,518.22	54,555.26	52,309.31	54,518.22	52,309.31	44,316.97
	4 Segment Liabilities
	(a) PCB	743.19	733.38	793. 13	743.19	793.13	7 10. 19
	(b) Brand L1cens111g Fee	60.98	72.60	11 2.86	60.98	11 2.86	104.86
	(c) Unallocated	28.475.79	28.527.38	24.667.30	28.475.79	24.667.30	18.534.51
	Total s egment liabilitie~	29,279.96	29,333.36	25,573.29	29,279.96	25,573.29	19,349.56

BPL Limited. Regd.Office: BPL Works, Palakkad - 6 78 007, Kerala. CIN - L28997KL1963PLC002015 Standalone egment Wise Revenue, Results, Assets And Liabilities for the period ended 31 Dec 2025

BPL Limited.
Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015
E-mail:[email protected]. URL:www.bpllimited.com. Tel: No.+91 80 25589109
Statement of consolidated unaudited Financial Results for the Ouarter and Nine months ended 31 Dec 2025

							INR in Lakhs
SI.			For Quarter Ended		For the nine months Ended		For the year ended
$\overline{\text{nos}}$	Particulars	31-12-2025(Unaudited)	30-09-2025(Unaudited)	31-12-2024(Unaudited)	31-12-2025(Unaudited)	31-12-2024(Unudited)	31-03-2025(Audited)
	REVENUE
	Revenue from operations* (Refer Note No.7)	1,919.14	1,983.90	1,931.97	5.850.75	5,962.20	7,835.86
$\mathbf{H}$	Other Income (net)	64.33	22.88	19.54	130.91	973.42	5,860.63
Ш	Total Income (I+II)	1,983.47	2,006.78	1,951.51	5,981.66	6,935.62	13,696.48
IV	EXPENSES
	Cost of material consumed	1.226.85	1,233.46	874.92	3,552.32	2,971.39	4,039.74
	Changes in inventories of finished goods,Stock-in-Trade and work-in-progress	(53.71)	16.98	117.40	(110.76)	13.52	(37.40)
	Employee benefits expense	350.51	265.43	246.05	876.94	791.94	999.14
	Finance costs	29.93	29.74	15.54	97.94	70.00	215.58
	Depreciation and amortization expense	61.65	60.71	61.32	182.21	168.97	229.02
	Other expenses	350.79	419.28	604.99	1,111.06	1,144.26	1,618.89
	Total Expenses	1,966.01	2,025.60	1,920.22	5,709.71	5,160.07	7,064.97
$\vee$	Profit/(loss) before exceptional items and$tax (III-IV)$	17.46	(18.81)	31.29	271.94	1,775.55	6,631.51
	Exceptional items (non-recurring cost)						6,614.43
VI	Profit/(loss) before tax	17.46	(18.81)	31.29	271.94	1,775.55	17.09
VII	Tax Expense:
	(1) Current Tax	2.86		5.47	47.32	310.22	105.00
	(2) MAT Credit Availed	(2.86)	$\blacksquare$	(5.47)	(47.32)	(310.22)
	(3) Deferred Tax						(97.34)
VIII	Profit (Loss) for the period from continuingoperations (VI-VII)	17.46	(18.81)	31.29	271.94	1,775.55	9.42
IX	Profit/(loss) for the period	17.46	(18.81)	31.29	271.94	1,775.55	9.42
X	Other Comprehensive Income
	$A(i)$ Items that will not be reclassified toprofit or loss
	(ii) Gains/(losses) on defined benefitobligations						(26.59)
XI	Total Comprehensive Income for theperiod (Comprising Profit (Loss) and OtherComprehensive Income for the period)	17.46	(18.81)	31.29	271.94	1,775.55	(17.16)
XII	Paid-up equity share capital: (Face valueRs.10 each)	4,897.67	4,897.67	4,897.67	4,897.67	4,897.67
	Earnings per equity share (for continuingoperation):						4,897.67
	$(1)$ Basic	0.04	(0.04)	0.06	0.56	3.63	(0.04)
	(2) Diluted	0.04	(0.04)	0.06	0.56	3.63	(0.04)

otes:

I . The consolidated results ha,e been reviewed b) the Audit Committee and approved and taken on record by the Board of Directors at their respective meetings held on 9 Feb 2026 and 13 Feb 2026.
2 . The Financial results for all the periods presented above have been prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules. 2015 as amended from time to time.
3 . The format for unaudited quarter!) / yearly results as prescribed in SEBrs Circular CIR/CFD/CMD/ 15/2015 dated 30 November 2015 has been modified to comply with requirements of SEBrs circular dated 5th July 2016. Ind AS and Schedule Ill (Division II) to the Companies Act.20 13. applicable to companies that are required to comply with Ind AS.
4 . The estimated amount of contingent liabilities as on Dec 3 1 2025. is Rs. 70.67 Crorcs.
5. An unsecured claimant had obtained an order against the Company from the Division Bench of the Honourable High Court of Delhi. upholding the order of the single Bench and the order of the Sole /\rbitrator. A Special Leave Petition (SLP) against the said order filed by the compan) before the Hon. Supreme Court of India was dismissed vide order dated 4th Dec 2025. The company preferred a review of the j udgment. and the rcvie,, petition is yet to be listed for hearing. The unsecured creditor has tiled a petition before the execution court based on the orders of the Supreme court. Objections against said petition has been tiled by the company.

An amount of Rs. 96.00.00.000/- (Rupees Ninety-Six Crores only) has been deposited ,vith the Treasury of SC on 16th Sep 2025 and the same has been communicated to SEBI and disclosed it accordingly under current assets in the financial statements of 3 1 Dec 2025. The matter is yet to be disposed ofT.

6. Preference Shares issued by the company have become due as per the terms of issue and are yet to be redeemed. Pursuant to the provisions of Section 55 of the Companies Act.2013. Preference Shares can be redeemed only out of profits that are otherwise available for dividend. Thc Company does not have sufficient accumulated profits for redemption of the said preference shares.
1. Ramangundam Power Generation Private limited (formerly known as BPL Power Projects (AP) Pvt Ltd (BPPL)) is one of the subsidiaries of the company. The company has underlying assets which are available.Though the subsidiary is to yet to commence commercial operations. the management is of the opinion that the company is a going concern.
8 . The Company has e>.ccutcd a brand license agreement for usage of •• BPL .. brand for sale of consumer durable products with 'Reliance Retail Limited' (RRL). The Company is entitled for a fee based on the actual amount on performance of the brand in terms of sales revenue. For the period ended 3 1 Dec 2025 . the brand license fee was accounted based on the actual sales data provided by RRL.
1. Provision for Deferred Taxation as per Ind AS-1 2 .. Income Ta,,·· pro.,,ision for current Tax and employee benefits as per Ind AS 19 .. Emplo1ec Benefits .. \ ill be made at the end of the year.
IO. Previous period figures have been regrouped / reclassified to conform to current period·s presentations.

Place: Bangalore Date : 13 Feb 2026

BPL Limited. CIN - L28997KL1963PLC002015 Consolidated Balance Sheet as at Dec 31, 2025

	Particulars	Note No	Dec 31, 2025	(INR in Lakhs)March 31, 2025
	1	2	3	4
	ASSETS
(1)	Non-Current Assets
a	Property, Plant and Equipment	1	3,476.70	3,629.29
b	Capital Work-in-Progress	2	30,822.59	30,853.58
	Investment property	3	155.37	160.22
Cd	Other Intangible Assets	4	45.51	12.28
e	Goodwill on consolidation		2,308.70	2,308.70
f	Financial Assets
	(i) Investments	5	12,427.92	12,427.92
	(ii) Other financial assets	SA	3,134.89	3,134.89
g	Deferred Tax Assets (Net)	6	2,985.54	2,938.23
	Other non-current assets	7	253.26	252.94
h
(2)	Current assets
a	Inventories	8	819.65	527.60
b	Financial Assets
	(i) Tr~de Receivables	9	2,508.56	2,389.25
	(ii) Cash and Cash Equivalents	10	131.44	121.68
	(iii) Bank Balances other than (ii) above	11	137.64	30.72
	(iv) Other Financial Assets	12	3.00	0.7 1
C	Current Tax Assets (Net)	13	I, 142.70	1,009.58
d	Other Current Assets	14	11 ,140.65	1,491 .69
	Total Assets		71,494.13	61,289.27
	F.OUTTY AND LTARTLTTlES
3	EOUITY
a	Eouitv share caoital	15	4,897.67	4,897.67
b	Other equity	16	20,309.51	20,038.11
C	Non-Controlling Interest	17	13,449.02	13,448.48
4	LIABILITIES
	Non-current liabilities
a	Financial liabilities
		18	2,179.70	2,174.70
	(ii) Other financial liabilities
b	Provisions	19	4.18	12.7 1
	Current liabilities
a	Financial Liabilities
	(i) Borrowings	20	10,549.71	805.35
	(ii) Trade Payables:-	21
	(A) total outstanding dues of micro enterprises and small		16.16	16.27
	(B) total outstanding dues of creditors other than micro		2,435.17	2,251.65
	iii) Other financial liabilities	22	17,237.65	17,232.84
b	Other current liabilities	23	415.37	397.86
C	Provisions	24	-	13.64
	Total Equity and Liabilities		71,494.13	61,289.27
	Contingent Liabilities and Commitments	25
			7,066.95	7,008.74

BPL Limited. CIN - L28997KL1963PLC002015 Consolidated Statement of Profit and Loss for the period ended Dec 31 , 2025

Particulars	ote	Dec 31 , 2025	March 31, 2025

Revenue from operations (e:ross)
Revenue from Operations	26	5,850.75	7,835.86
			5,860.63
		5,981.66	13,696.48
Expenses
Cost of Material Consumed	28	3,552.32	4,039.74
Changes in Inventories of finished goods, Stock in trade and work in-progress	29	(I 10.76)	(37.40)
Employee Benefit Expenses	30	876.94	999.14
Finance Costs	31	97.94	215.S8
Depreciation and Amortisation Expenses	32	182.21	229.02
Other Expenses	33	1,111.06	1,618.89
			7,064.97
Profit/ (Loss) Before Exceptional Items and Tax (Ill-IV)		271.94	6,63 1.51
Exceptional Items
on-recurring non operating expenseLess:			6,6 14.43
Profit/ (Loss) After Exceptional Items and Tax (V- VI)		271.94	17.09
Tax Expense :
(I ) Current Tax		47.32	105.00
			-
			(97.34)7.66
Profit/ (Loss) after tax for the period from continuing operations (VI-VII)			9.42
Other Comprehensive Income
			-
			(26.59)
B. (i) items that will be classified to profit or loss			-
(ii) Income tax relating to Items that will be reclassified to profit or loss
			-
and Other.comprehcm've Income for the period )		271.94	(17.16)

Non-controllin11. interests			24.80(15.38)
Total Comprehensive Income attributable to
			(1.79)(15.38)
Earnings per equity share (for continuin_g operation):
(I) Basic		0.56	(0.04)(0.04)
	Other IncomeTotal Income (1+11)Total Expenses (IV)(2) MAT Credit Availed(3) Deferred TaxA.(i) Items that will not be reclassified to profit or loss(ii) Gain / (Loss) on defined benefit obligations(iii) Income tax relatin_g to Items that will not be reclassified to profit or lossTotal Comprehensive Income for the period (Ylll+IX) comprising Profit (Loss)Profit attributable to:Owners of the CompanyOwners of the CompanyNon-controllin11. interests(2) Diluted	27	130.915,709.71-(47.32)--27 1.94----271.410.5394271.410.53940.56

BPL Limited. CIN - L28997KL1963PLC002015 Consolidated statement of cash nows for the period ended 31st Dec 2025

			(INR Lakhs)
Particulars	ote	Dec 31, 2025	March 31, 2025
Cash flow from operating ac!ivities:
Profit for the period		27 1.94	17.09
Adjustments to reconcile net profit to net cash provided by operating activities:
Depreciation and Amortization		182.21	229.02
(Profit) / loss on sale / write off of assets		-	( 4.851.25)
Finance cost		97.94	215.58
Interest income		(2.8 1)	(5.92)
Dividend income		-	(915.68)
Rental income		(6 1.2 1)	(75.02)
Non- Recurring non- operating expenses		-	6.614.43
Other adjustments		(55.84)	(60.35)
Changes in assets and liabilities
Decrease / (Increase) in Inventories		(292.04)	(46.79)
Decrease / (Increase) in Trade receivables		( 119.3 1)	(250.4 1)
Decrease / (Increase) in financial and other assets.		(9,784.70)	72. 17
(Decrease) / Increase in Trade pa)'able		183.41	393.08
(Decrease) / Increase in other liabilities		-	(585.57)
(Decrease) / Increase in financial and other liabilities Provisions		8. 13	137.04
Cash generated from operations		(9,572.28)	887.42
		-	-
Net cash generated by operating activities		(9,572.28)	887.42
Cash now from investing activities:
Purchase of propeny. plant and equipment. intangible assets (Net)		(27.0 I )	(63.9 1)
Proceeds from sale of property. plant and equipment		-	4,851.25
Bank balances not considered as Cash and cash equivalents		( 106.92)	293.92
Interest received		2.81	5.92
Dividend received from subsidiary		-	915.68
Rental Income		61.21	75.02
Net cash (used in) / from investing activities		(69.90)	6,077.88
Cash now from financing activities:
hares issued on exercis~ of employee stock options		-	-
Changes in non-controlling interest		0.54	(3.81)
Payment of dividends		-	(0.17)
Finance cost paid		(97.94)	(215.58)
Proceeds from borrowings		9.749.36	-
Repayment of Borrowings		-	(29.25)
Net cash used in financing activities		9,651.95	(248.81)
Less: Payment of non-recurring items (exceptional)		-	7,200.00
Net increase / (decrease) in cash and cash equivalents		9.77	(483.5 1)
Cash and cash equivalents at the beginning of the year		121.68	605.20
Cash and cash equivalents at the end of the period		131.44	121.68

MKUK & ASSOCIATES CH.A'R1t'REV ACCOUNTANTS

Limited Review Report

To the Board of Directors, BPL Limited.

We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of BPL Limited ("the Parenf') and its subsidiary Bharat Energy Ventures Limited (the Parent and its subsidiaries together refen-ed to as ''the Group"). and its share of the net profit/(loss) after tax and total comprehensive income / loss of its associates for the quarter ended 3151 December , 2025 and for the period from 1 51 April 2025 to 31 51 December, 2025 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended December 31, 2024, and the corresponding period from April 2024 to December 2024 as reported in these financial results have been approved by the Parent· s Board of Directors.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 24 10 ''RPview of Interim Financial Information Performed by the Independent Auditor of the Entity'·. issued by the Institute of Chartered Accountants of India. A review of interim financial inforn1ation consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBl under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

3155/A, 2nd, F1.oor, llth,,4~ 2nd,S~ lNW-"~. 'B~IA,, 'i60038 ~9180 25251861

The Statement includes the results of the following entities: BPL Limited and Bharat Energy Ventures Pvt Limited

Based on our review conducted and procedure performed as above and based on the consideration of the limited review report of the subsidiary by other auditor, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Companies Act,2013 read with relevant rules issued thereunder and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulations including the manner in which it is to be disclosed. except for the disclosures as stated in ote No 6 & 7 as at 31 st December, 2025

The consolidated unaudited financial results also include the Group's share of net profit/(loss) after tax of Rs. I. 10 Lakhs and Rs. (7.07) Lakhs and total comprehensive income of Rs. 27 1.94 Lakhs and Rs. 1,775.55 Lakhs for the period ended 3151 December 2025 and for the period from April 2024 to 31 st December 2024 respectively, as considered in the consolidated unaudited financial results, in respect of the subsidiary (Bharat Energy Ventures Pvt Limited). based on their interim financial statements/ financial information/ financial results which have not been reviewed/audited by their auditors. According to the information and explanations given to us by the Management, these interim financial statements / financial information / financial results are not material to the Group.

For MKUK & ASSOCIATES Chartered Accountants (FRN: 050113S)

MAR UKN

(M :091730) PARTNER

Place: Bangalore Date: 13th February 2016 UDIN NO: 26091730QZLJVG 1224

						INR in Lakhs
SI, No.	Particulars		For Quarter Ended		For the nine months Ended		For the year ended
		31-12-2025(Unaudited)	30-09-2025(Unaudited)	31-12-2024(Unaudited)	31-12-2025(Unaudited)	31-12-2024(Unudited)	31-03-2025(Audited)
	1 Segment Revenue

	(a) PCB	1,580.34	1,580.55	1,305.00	4,593.65	4,078.99	5,370.11
	(b) Brand Licensing Fee	338.80	403.35	626.97	1,257.10	1,883.22	2,465.75
	(c) Power Generation
	(d) Unallocated	64.33	22.88	19.54	130.91	973.42	5,860.63
	Total	1,983.47	2,006.78	1,951.51	5,981.66	6,935.62	13,696.48
	Less: Inter Segment Revenue
	Revenue from operations	1,983.47	2,006.78	1,951.51	5,981.66	6,935.62	13,696.48
	2 Segment Results
	(a) PCB	98.00	76.31	19.78	286.00	297.15	222.84
	(b) Brand Licensing Fee	(62.60)	(82.54)	26.50	18.40	597.71	812.95
	(c) others (unallocated)	10.88	16.27		64.38	957.72	5,825.69
	(d) Power Generation	1.100	0.890	0.54	1.100	(7.04)	(14.39)
	Total	47.38	10.93	46.82	369.88	1,845.55	6,847.09
	(Add)/Less:(i) Finance cost	29.93	29.74	15.52	97.94	70.00	215.58
	(ii) Other un-allocable expense netof un-allocable income						6,614.43
	Profit before tax	17.46	(18.80)	31.29	271.94	1,775.55	17.09
	3 Segment Assets
	(a) PCB	6,883.05	6,885.63	5,183.02	6,883.05	5,183.02	6,456.04
	(b) Brand Licensing Fee	338.80	475.95	739.84	338.80	739.84	582.53
	(c) Power Generation	32,021.87	32,027.81	32,024.45	32.021.87	32.024.45	33,780.81
	(d) Unallocated	32,250.41	32,140.30	31,333.09	32,250.41	31,333.09	20,469.89
	Total segment assets	71,494.13	71,529.69	69,280.39	71,494.13	69,280.39	61,289.27
	Segment Liabilities
	(a) PCB	743.19	733.38	793.13	743.19	793.13	710.19
	(b) Brand Licensing Fee	60.98	72.60	112.86	60.98	112.86	104.86
	(c) Power Generation	1,589.11	1,588.74	3,529.96	1,589.11	3,529.96	2,006.64
	(d) Unallocated	30,444.65	30,496.23	24,667.30	30,444.65	24,667.30	20,083.32
	Total segment liabilities	32,837.93	32,890.95	29,103.25	32,837.93	29,103.25	22,905.01

BPL Limited.Regd.Office: BPL Works, Palakkad - 678 007, Kerala. CIN - L28997KL1963PLC002015Consolidated Segment Wise Revenue, Results, Assets And Liabilities for the period ended 31st Dec 2025

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BPL Ltd. Interim / Quarterly Report 2026

60260_rns_2026-02-13_f43b13b6-5893-4d4e-b912-36e6e3935589.pdf