Bhavik Enterprises Ltd

Bhavik Enterprises Ltd. announced the appointment of M/s Mittal & Associates as its internal auditors for FY 2026-27. Additionally, the board recommended the re-appointment of Ms. Jeny Vinod Kumar Gowadia as an Independent Director for another five years starting FY 2026-2027, subject to shareholder approval at the upcoming Annual General Meeting. The company has disclosed the details as per Regulation 30 of SEBI (LODR) Regulations, 2015.

The Board of Directors of Bhavik Enterprises Limited approved the audited financial results for the half year and year ended March 31, 2026, during its board meeting held on May 26, 2026. The financial statements were audited by M PARASHAR & GO., Chartered Accountants, who issued an independent auditor’s report stating that the statements present a true and fair view in conformity with accounting standards.

Bhavik Enterprises Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and approve the audited financial results for the half year and year ended March 31, 2026. The board will also consider the appointment of M/s Mittal & Associates as internal auditors for FY 2026-27, re-appointment of Ms. Jeny Vinod Kumar Gowadia as an Independent Director, and related party transactions. The trading window remains closed from April 1, 2026, until 48 hours after the declaration of the financial results.

Bhavik Enterprises Ltd. confirms no deviation or variation in the utilization of IPO proceeds from the objects stated in the prospectus dated September 18, 2025, for the quarter ended March 31, 2026. The company raised ₹5460.18 Lakhs (excluding issue related expenses) through a public issue between September 25, 2025, and September 30, 2025. During Q4 FY2026, ₹2665.68 Lakhs was utilized. Unutilized funds of ₹26.65 crores were initially kept as FDs but later substituted by funds from customer receipts and internal accruals for working capital.

Bhavik Enterprises Ltd submitted a Monitoring Agency Report for the quarter ended March 31, 2026, as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, issued by Infomerics Valuation and Ratings Limited, pertains to the utilization of proceeds from the company's Initial Public Offer (IPO). The report indicates no deviation from the stated objectives. Out of the total net proceeds of ₹54.60 crore, ₹47.5 crore was allocated for working capital and ₹7.10 crore for GCP. In Q4 FY26, ₹19.55 crore was utilized for working capital and ₹7.10 crore for GCP, which was also used for working capital requirements.

Bhavik Enterprises Ltd has announced the closure of its trading window in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2015 and 2018. The trading window will be closed from 1st April, 2026 till 48 hours after the declaration of Audited Financial Results for the half year and year ended as on 31.03.2026. This decision is in compliance with the SEBI regulations and all designated persons and their immediate relatives are requested to refrain from trading or dealing in the company's securities during this period.

The Board of Directors of Bhavik Enterprises Limited held a meeting on Thursday, 5th March 2026. The board took on record the Annual POSH Report for the calendar year ended 31st December 2025. They also considered and discussed participation in and/or visits to domestic and international exhibitions during the Financial Year 2026-2027. The Monitoring Agency Report for the quarter ended 31st December 2025 was taken on record as recommended by the Audit Committee. The board reviewed the day-to-day affairs of the Company and noted various quarterly compliances applicable to listed entities.

Bhavik Enterprises Ltd. has announced that its Board of Directors will convene on March 5, 2026, to discuss various important matters. The agenda includes the approval of the Annual POSH Report for the calendar year ended on December 31, 2025, consideration of participation in and/or visits to domestic and international exhibitions during the financial year 2026-2027, review of the Monitoring Agency Report for the quarter ended on December 31, 2025, and taking note of various quarterly compliances applicable to listed entities. The meeting will also cover the day-to-day affairs of the company and consider any other business with the permission of the Chair.

Bhavik Enterprises Ltd has confirmed in a statement that there has been no deviation or variation in the utilization of IPO proceeds from the objects stated in the prospectus dated September 18, 2025. The company is an ISO 9001: 2015 certified company and the unutilized balance is held temporarily in fixed deposit with Scheduled Banks. The funds have been utilized for working capital requirements and general corporate purposes.

Bhavik Enterprises Ltd has submitted the Monitoring Agency Report for the quarter ended December 31, 2025. The report, issued by M/s Infomerics Valuation and Ratings Limited, provides an objective view on the utilization of proceeds from the Initial Public Offering. The Monitoring Agency has declared that there is no deviation from the objects and provides a true and fair view of the utilization of issue proceeds. The report is available on the company's website.