Bharat Road Network Limited — Others, 12-08-2025: Shareholders meeting

Bharat Road Network's board has approved the financial results for the quarter ended June 30. Auditors flagged significant issues: profit before tax was overstated by Rs. 10.38 Cr and current liabilities understated by Rs. 39.57 Cr due to unrecognised interest on a Rs. 193.58 Cr loan. Consolidated results showed an additional Rs. 3.65 Cr profit overstatement and Rs. 10.96 Cr liability understatement from a subsidiary. Auditors also raised material uncertainty about the company's going concern status due to repayment defaults and losses. A key subsidiary's assets, valued at Rs. 125.21 Cr, are frozen amid legal proceedings. The company announced its Annual General Meeting.