Bhavik Enterprises Corrects IPO Shareholding Disclosure Error

Bhavik Enterprises Ltd has identified and is rectifying an inadvertent error in its Audited Financial Statements for the fiscal year ended March 31, 2026. The error occurred in Note Nos. 3.3 and 3.4, where the shareholding of Promoters was not adjusted for shares sold during the Initial Public Offer's (IPO) Offer for Sale (OFS). This resulted in an overstatement of 10,00,000 equity shares in the promoter shareholding. The corrected aggregate promoter shareholding as of March 31, 2026, is 1,47,84,500 shares (72.62%), down from the initially reported 1,57,84,500 shares (77.53%). The company clarifies that this error does not impact the company's financial performance or position, as the OFS was a transfer of existing shares and did not involve any change in the company's share capital. Corrective filings are being prepared.